SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G : revenue, balance sheet and financial ratios

SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G is a French company founded 69 years ago, specialized in the sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin. Based in VOREPPE (38340), this company of category GE shows in 2024 a revenue of 6.9 M€. 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 DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G (SIREN 057505562)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 6 936 763 € 6 012 244 € 6 426 894 € 5 947 457 € 4 961 192 € 5 338 776 € 4 588 930 € 4 528 295 € 6 465 912 €
Net income 720 819 € 1 008 701 € 728 909 € 614 349 € 247 946 € 309 475 € -220 115 € -338 387 € 180 162 €
EBITDA -150 483 € 169 367 € 148 338 € -234 403 € -1 301 337 € -647 832 € -493 226 € -767 936 € -797 213 €
Net margin 10.4% 16.8% 11.3% 10.3% 5.0% 5.8% -4.8% -7.5% 2.8%

Revenue and income statement

In 2024, SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G achieves revenue of 6.9 M€. Revenue is growing positively over 9 years (CAGR: +0.9%). Vs 2023, growth of +15% (6.0 M€ -> 6.9 M€). After deducting consumption (354 k€), gross margin stands at 6.6 M€, i.e. a rate of 95%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -150 k€, representing -2.2% of revenue. Warning negative scissor effect: despite revenue change (+15%), EBITDA varies by -189%, reducing margin by 5.0 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 721 k€, i.e. 10.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

6 936 763 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

6 582 967 €

EBITDA (2024) ?
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

-150 483 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

788 011 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

720 819 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-2.2%

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Chart evolution

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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 50%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 31%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 17.1% 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 (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

50.432%

Financial autonomy (2024) ?
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

30.815%

Cash flow / Revenue (2024) ?
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

17.065%

Repayment capacity (2024) ?
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

1.07

Asset age ratio (2024) ?
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

43.8%

Solvency indicators evolution
SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G

Sector positioning

Debt ratio
50.43 2024
2022
2023
2024
Q1: 0.0
Med: 15.2
Q3: 59.48
Average +45 pts over 3 years

In 2024, the debt ratio of SOCIETE DE MATERIAUX AGGL... (50.43) 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
30.82% 2024
2022
2023
2024
Q1: 20.88%
Med: 43.36%
Q3: 63.48%
Average -10 pts over 3 years

In 2024, the financial autonomy of SOCIETE DE MATERIAUX AGGL... (30.8%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
1.07 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.27 years
Q3: 2.05 years
Average +36 pts over 3 years

In 2024, the repayment capacity of SOCIETE DE MATERIAUX AGGL... (1.07) 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 158.66. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

158.657

Interest coverage (2024) ?
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

-0.985

Liquidity indicators evolution
SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G

Sector positioning

Liquidity ratio
158.66 2024
2022
2023
2024
Q1: 161.05
Med: 260.85
Q3: 420.01
Watch

In 2024, the liquidity ratio of SOCIETE DE MATERIAUX AGGL... (158.66) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
-0.98x 2024
2022
2023
2024
Q1: 0.0x
Med: 1.54x
Q3: 10.04x
Average -15 pts over 3 years

In 2024, the interest coverage of SOCIETE DE MATERIAUX AGGL... (-1.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 76 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 92 days. Favorable situation: supplier credit is longer than customer credit by 16 days. Inventory turnover is 11 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 48 days of revenue, i.e. 930 k€ to permanently finance. Notable WCR improvement over the period (-63%), freeing up cash.

Operating WCR (2024) ?
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

929 526 €

Customer credit (2024) ?
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

76 j

Supplier credit (2024) ?
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

92 j

Inventory turnover (2024) ?
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

11 j

WCR in days of revenue (2024) ?
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

48 j

WCR and payment terms evolution
SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G

Positioning of SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G in its sector

Comparison with sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Valuation estimate

Based on 95 transactions of similar company sales (all years), the value of SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G is estimated at 1 057 083 € (range 501 667€ - 2 380 336€). 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.

Estimated enterprise value 2024
95 tx
501k€ 1057k€ 2380k€
1 057 083 € Range: 501 667€ - 2 380 336€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
6 936 763 € × 0.17x
Estimation 1 204 880 €
688 935€ - 2 673 330€
Net Income Multiple 20%
720 819 € × 1.2x
Estimation 835 389 €
220 767€ - 1 940 845€
How is this estimate calculated?

This estimate is based on the analysis of 95 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 (Exploitation de gravières et sablières, extraction d’argiles et de kaolin)

Compare SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G with other companies in the same sector:

Voir toutes les statistiques du secteur Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Frequently asked questions about SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G

What is the revenue of SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G ?

The revenue of SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G in 2024 is 6.9 M€.

Is SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G profitable?

Yes, SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G generated a net profit of 721 k€ in 2024.

Where is the headquarters of SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G ?

The headquarters of SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G is located in VOREPPE (38340), in the department Isere.

Where to find the tax return of SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G ?

The tax return of SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G 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 DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G operate?

SOCIETE DE MATERIAUX AGGLOMERES GRENOBLOIS - S.M.A.G operates in the sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin (NAF code 08.12Z). See the 'Sector positioning' section above to compare the company with its competitors.