SOCIETE ANONYME MASSILLON FIEUBET : revenue, balance sheet and financial ratios

In 2024, SOCIETE ANONYME MASSILLON FIEUBET achieves revenue of 107 k€. Revenue is growing positively over 9 years (CAGR: +3.2%). Vs 2023: +1%. After deducting consumption (0 €), gross margin stands at 107 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 17 k€, representing 15.7% of revenue. Warning negative scissor effect: despite revenue change (+1%), EBITDA varies by -50%, reducing margin by 15.7 pts. This reflects costs rising faster than 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 19 k€, i.e. 18.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 30%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 70%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 7.0 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 20.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 563.42. 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 4.5x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 145 days. Excellent situation: suppliers finance 145 days of the operating cycle (retail model). Overall, WCR represents 176 days of revenue, i.e. 52 k€ to permanently finance. Over 2016-2024, WCR increased by +201%, requiring additional financing.

Based on 277 transactions of similar company sales (all years), the value of SOCIETE ANONYME MASSILLON FIEUBET is estimated at 29 008 € (range 10 252€ - 80 398€). With an EBITDA of 16 816€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.29x (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.