SOCIETE COMMERCIALE ANQUETIL OPTIQUE : revenue, balance sheet and financial ratios

In 2024, SOCIETE COMMERCIALE ANQUETIL OPTIQUE achieves revenue of 149 k€. Revenue is declining over the period 2016-2024 (CAGR: -30.7%). Significant drop of -42% vs 2021. After deducting consumption (-8 k€), gross margin stands at 157 k€, i.e. a rate of 105%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 51 k€, representing 34.2% of revenue. Positive scissor effect: EBITDA margin improves by +83.6 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 188 k€, i.e. 125.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 94%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 51%. 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 10.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 131.6% 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 1977.38. 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 181.3x. 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: 882 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 42 days. The gap of 840 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 1992 days of revenue, i.e. 825 k€ to permanently finance. Notable WCR improvement over the period (-66%), freeing up cash.

Based on 103 transactions of similar company sales in 2024, the value of SOCIETE COMMERCIALE ANQUETIL OPTIQUE is estimated at 502 641 € (range 152 841€ - 1 208 662€). With an EBITDA of 51 075€, the sector multiple of 5.0x is applied. The price/revenue ratio is 0.38x (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.