SOC APPLICATION MATERIEL POUR EXTRUSION : revenue, balance sheet and financial ratios

In 2024, SOC APPLICATION MATERIEL POUR EXTRUSION achieves revenue of 2.6 M€. Revenue is growing positively over 9 years (CAGR: +0.6%). Significant drop of -13% vs 2023. After deducting consumption (796 k€), gross margin stands at 1.8 M€, i.e. a rate of 70%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 308 k€, representing 11.7% of revenue. Warning negative scissor effect: despite revenue change (-13%), EBITDA varies by -37%, reducing margin by 4.4 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 250 k€, i.e. 9.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 84%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 9.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 617.05. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 0.0x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 50 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 48 days. The company must finance 2 days of gap between collections and payments. Inventory turnover is 100 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 142 days of revenue, i.e. 1.0 M€ to permanently finance. Over 2016-2024, WCR increased by +28%, requiring additional financing.

Based on 76 transactions of similar company sales (all years), the value of SOC APPLICATION MATERIEL POUR EXTRUSION is estimated at 442 144 € (range 181 469€ - 987 890€). With an EBITDA of 307 718€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.20x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.