SOCIETE ANONYME DE COMBE FUMADE : revenue, balance sheet and financial ratios

SOCIETE ANONYME DE COMBE FUMADE is a French company founded 62 years ago, specialized in the sector Production d'électricité. Based in SAINT-AMANS-VALTORET (81240), this company of category PME shows in 2021 a revenue of 166 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - SOCIETE ANONYME DE COMBE FUMADE (SIREN 716420542)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 166 451 € 145 605 € 161 173 € 219 045 € 112 241 € 149 781 €
Net income 67 929 € 51 227 € 64 355 € 94 597 € 26 809 € 53 119 €
EBITDA 108 047 € 95 843 € 114 873 € 154 418 € 61 268 € 101 060 €
Net margin 40.8% 35.2% 39.9% 43.2% 23.9% 35.5%

Revenue and income statement

In 2021, SOCIETE ANONYME DE COMBE FUMADE achieves revenue of 166 k€. Revenue is growing positively over 6 years (CAGR: +2.1%). Vs 2020, growth of +14% (146 k€ -> 166 k€). After deducting consumption (0 €), gross margin stands at 166 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 108 k€, representing 64.9% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 68 k€, i.e. 40.8% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

166 451 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

166 451 €

EBITDA (2021) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

108 047 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

79 048 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

67 929 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

61.1%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 19%. 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 16%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 58.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

19.106%

Financial autonomy (2021) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

15.688%

Cash flow / Revenue (2021) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

58.801%

Repayment capacity (2021) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.557

Asset age ratio (2021) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

24.1%

Solvency indicators evolution
SOCIETE ANONYME DE COMBE FUMADE

Sector positioning

Debt ratio
19.11 2021
2019
2020
2021
Q1: -193.69
Med: 0.0
Q3: 252.12
Average

In 2021, the debt ratio of SOCIETE ANONYME DE COMBE ... (19.11) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
15.69% 2021
2019
2020
2021
Q1: -3.82%
Med: 9.69%
Q3: 57.46%
Good

In 2021, the financial autonomy of SOCIETE ANONYME DE COMBE ... (15.7%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
0.56 years 2021
2019
2020
2021
Q1: -1.97 years
Med: 0.0 years
Q3: 6.86 years
Average +5 pts over 3 years

In 2021, the repayment capacity of SOCIETE ANONYME DE COMBE ... (0.56) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 2811.51. 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 1.6x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2021) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

2811.513

Interest coverage (2021) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

1.574

Liquidity indicators evolution
SOCIETE ANONYME DE COMBE FUMADE

Sector positioning

Liquidity ratio
2811.51 2021
2019
2020
2021
Q1: 74.2
Med: 252.51
Q3: 859.05
Excellent

In 2021, the liquidity ratio of SOCIETE ANONYME DE COMBE ... (2811.51) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
1.57x 2021
2019
2020
2021
Q1: -0.45x
Med: 0.73x
Q3: 15.31x
Good

In 2021, the interest coverage of SOCIETE ANONYME DE COMBE ... (1.6x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 116 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 7 days. The gap of 109 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 111 days of revenue, i.e. 51 k€ to permanently finance. Over 2016-2021, WCR increased by +269%, requiring additional financing.

Operating WCR (2021) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

51 104 €

Customer credit (2021) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

116 j

Supplier credit (2021) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

7 j

Inventory turnover (2021) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2021) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

111 j

WCR and payment terms evolution
SOCIETE ANONYME DE COMBE FUMADE

Positioning of SOCIETE ANONYME DE COMBE FUMADE in its sector

Comparison with sector Production d'électricité

Valuation estimate

Based on 85 transactions of similar company sales (all years), the value of SOCIETE ANONYME DE COMBE FUMADE is estimated at 204 388 € (range 31 079€ - 810 116€). With an EBITDA of 108 047€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.69x (in line with sector norms). 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.

Estimated enterprise value 2021
85 tx
31k€ 204k€ 810k€
204 388 € Range: 31 079€ - 810 116€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
108 047 € × 2.4x
Estimation 261 438 €
28 688€ - 980 963€
Revenue Multiple 30%
166 451 € × 0.69x
Estimation 115 158 €
22 671€ - 584 382€
Net Income Multiple 20%
67 929 € × 2.9x
Estimation 195 611 €
49 670€ - 721 602€
How is this estimate calculated?

This estimate is based on the analysis of 85 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Production d'électricité)

Compare SOCIETE ANONYME DE COMBE FUMADE with other companies in the same sector:

Voir toutes les statistiques du secteur Production d'électricité

Frequently asked questions about SOCIETE ANONYME DE COMBE FUMADE

What is the revenue of SOCIETE ANONYME DE COMBE FUMADE ?

The revenue of SOCIETE ANONYME DE COMBE FUMADE in 2021 is 166 k€.

Is SOCIETE ANONYME DE COMBE FUMADE profitable?

Yes, SOCIETE ANONYME DE COMBE FUMADE generated a net profit of 68 k€ in 2021.

Where is the headquarters of SOCIETE ANONYME DE COMBE FUMADE ?

The headquarters of SOCIETE ANONYME DE COMBE FUMADE is located in SAINT-AMANS-VALTORET (81240), in the department Tarn.

Where to find the tax return of SOCIETE ANONYME DE COMBE FUMADE ?

The tax return of SOCIETE ANONYME DE COMBE FUMADE is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does SOCIETE ANONYME DE COMBE FUMADE operate?

SOCIETE ANONYME DE COMBE FUMADE operates in the sector Production d'électricité (NAF code 35.11Z). See the 'Sector positioning' section above to compare the company with its competitors.