SOC COOPERATIVE VINICOLE LUGNY L'AURORE : revenue, balance sheet and financial ratios

In 2024, SOC COOPERATIVE VINICOLE LUGNY L'AURORE achieves revenue of 38.1 M€. Revenue is growing positively over 9 years (CAGR: +1.4%). Significant drop of -17% vs 2023. After deducting consumption (37.0 M€), gross margin stands at 1.0 M€, i.e. a rate of 3%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 88 k€, representing 0.2% of revenue. Warning negative scissor effect: despite revenue change (-17%), EBITDA varies by -99%, reducing margin by 12.6 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 45 k€, i.e. 0.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 45%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 19%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 24.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 123.77. 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 162.4x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 66 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 286 days. Excellent situation: suppliers finance 220 days of the operating cycle (retail model). Inventory turnover is 307 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 346 days of revenue, i.e. 36.6 M€ to permanently finance. Over 2016-2024, WCR increased by +41%, requiring additional financing.

Based on 55 transactions of similar company sales (all years), the value of SOC COOPERATIVE VINICOLE LUGNY L'AURORE is estimated at 4 052 483 € (range 2 208 263€ - 9 743 581€). With an EBITDA of 87 927€, the sector multiple of 2.8x is applied. The price/revenue ratio is 0.34x (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.