SOCIETE D'ENSEIGNEMENT DE LA MECANIQUE DU VIVANT : revenue, balance sheet and financial ratios

In 2023, SOCIETE D'ENSEIGNEMENT DE LA MECANIQUE DU VIVANT achieves revenue of 3.4 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +8.3%. Vs 2022, growth of +32% (2.6 M€ -> 3.4 M€). After deducting consumption (0 €), gross margin stands at 3.4 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 122 k€, representing 3.5% of revenue. Warning negative scissor effect: despite revenue change (+32%), EBITDA varies by -62%, reducing margin by 8.9 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 49 k€, i.e. 1.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 12%. 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 50%. 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 5.8% 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 1174.54. 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 4.5x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 85 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 32 days. The gap of 53 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-35 days): operations structurally generate cash. Notable WCR improvement over the period (-311%), freeing up cash.

Based on 134 transactions of similar company sales (all years), the value of SOCIETE D'ENSEIGNEMENT DE LA MECANIQUE DU VIVANT is estimated at 530 137 € (range 181 815€ - 1 222 001€). With an EBITDA of 121 956€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.36x (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.