SOCIETE D'EQUIPEMENTS TUYAUTERIES : revenue, balance sheet and financial ratios

In 2024, SOCIETE D'EQUIPEMENTS TUYAUTERIES achieves revenue of 11.3 M€. Revenue is growing positively over 9 years (CAGR: +1.9%). Significant drop of -10% vs 2023. After deducting consumption (2.5 M€), gross margin stands at 8.8 M€, i.e. a rate of 78%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 565 k€, representing 5.0% of revenue. Warning negative scissor effect: despite revenue change (-10%), EBITDA varies by -41%, reducing margin by 2.6 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 1.1 M€, i.e. 9.8% 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 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 11.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 220.18. 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 28.7x. 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: 81 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 72 days. The company must finance 9 days of gap between collections and payments. Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 138 days of revenue, i.e. 4.3 M€ to permanently finance. Over 2016-2024, WCR increased by +59%, requiring additional financing.

Indicative estimate only : the number of comparable transactions in this sector is limited (33 transactions). This range of 445 709€ to 3 365 038€ is provided for information purposes only and requires in-depth analysis to be confirmed.