SOCIETE DE TRAVAUX ROUTIERS ET GENERAUX : revenue, balance sheet and financial ratios

In 2025, SOCIETE DE TRAVAUX ROUTIERS ET GENERAUX achieves revenue of 18.0 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +13.2%. Significant drop of -10% vs 2024. After deducting consumption (3.8 M€), gross margin stands at 14.3 M€, i.e. a rate of 79%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.0 M€, representing 5.6% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 592 k€, i.e. 3.3% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 140%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 27%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 5.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 7.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 175.99. 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 16.5x. 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: 123 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 141 days. Favorable situation: supplier credit is longer than customer credit by 18 days. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 358 days of revenue, i.e. 17.9 M€ to permanently finance. Over 2016-2025, WCR increased by +845%, requiring additional financing.

Based on 120 transactions of similar company sales (all years), the value of SOCIETE DE TRAVAUX ROUTIERS ET GENERAUX is estimated at 2 323 662 € (range 933 636€ - 5 631 236€). With an EBITDA of 1 008 309€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.22x (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.