SOCIETE D'ECONOMIE MIXTE DES TRANSPORTS : revenue, balance sheet and financial ratios

In 2024, SOCIETE D'ECONOMIE MIXTE DES TRANSPORTS achieves revenue of 4.6 M€. Activity remains stable over the period (CAGR: -4.7%). Vs 2023: +3%. After deducting consumption (2.3 M€), gross margin stands at 2.3 M€, i.e. a rate of 49%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 932 k€, representing 20.3% of revenue. Positive scissor effect: EBITDA margin improves by +25.5 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 409 k€, i.e. 8.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 1%. 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 60%. 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 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 108.39. 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 0.3x. 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: 841 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 158 days. The gap of 683 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 42 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 297 days of revenue, i.e. 3.8 M€ to permanently finance.

Based on 206 transactions of similar company sales (all years), the value of SOCIETE D'ECONOMIE MIXTE DES TRANSPORTS is estimated at 2 915 974 € (range 1 310 711€ - 5 548 846€). With an EBITDA of 931 889€, 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.