SOCIETE D'ECONOMIE MIXTE DE TRANSPORTS DE L'OUEST : revenue, balance sheet and financial ratios

In 2024, SOCIETE D'ECONOMIE MIXTE DE TRANSPORTS DE L'OUEST achieves revenue of 5.0 M€. Activity remains stable over the period (CAGR: -2.6%). Slight decline of -3% vs 2023. After deducting consumption (1.3 M€), gross margin stands at 3.7 M€, i.e. a rate of 74%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.3 M€, representing 25.3% of 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 331 k€, i.e. 6.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 53%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.9% 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 367.86. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 291 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 47 days. The gap of 244 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 20 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 194 days of revenue, i.e. 2.7 M€ to permanently finance.

Based on 206 transactions of similar company sales (all years), the value of SOCIETE D'ECONOMIE MIXTE DE TRANSPORTS DE L'OUEST is estimated at 3 609 223 € (range 1 643 309€ - 6 810 531€). With an EBITDA of 1 261 297€, the sector multiple of 4.2x is applied. The price/revenue ratio is 0.48x (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.