SOCIETE D' AMENAGEMENT FONCIER D'AMENDEMENT DE CONCASSAGE SAFAC : revenue, balance sheet and financial ratios

In 2024, SOCIETE D' AMENAGEMENT FONCIER D'AMENDEMENT DE CONCASSAGE SAFAC achieves revenue of 1.5 M€. Activity remains stable over the period (CAGR: -2.6%). Significant drop of -25% vs 2023. After deducting consumption (96 k€), gross margin stands at 1.4 M€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 188 k€, representing 12.7% of revenue. Warning negative scissor effect: despite revenue change (-25%), EBITDA varies by -50%, reducing margin by 6.3 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 52 k€, i.e. 3.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 17%. 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 56%. 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 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.3% 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 157.90. 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 9.8x. 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: 117 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 81 days. The gap of 36 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 89 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 188 days of revenue, i.e. 771 k€ to permanently finance. Notable WCR improvement over the period (-25%), freeing up cash.

Based on 95 transactions of similar company sales (all years), the value of SOCIETE D' AMENAGEMENT FONCIER D'AMENDEMENT DE CONCASSAGE SAFAC is estimated at 222 236 € (range 77 644€ - 1 122 093€). With an EBITDA of 188 121€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.17x (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.