SOCIETE D'EXPLOITATION DE LA NIVE : revenue, balance sheet and financial ratios

In 2024, SOCIETE D'EXPLOITATION DE LA NIVE achieves revenue of 1.9 M€. Activity remains stable over the period (CAGR: -4.2%). Significant drop of -27% vs 2024. After deducting consumption (341 k€), gross margin stands at 1.5 M€, i.e. a rate of 82%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 320 k€, representing 17.1% of revenue. Positive scissor effect: EBITDA margin improves by +16.3 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 352 k€, i.e. 18.8% 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 39%. The balance between equity and debt is satisfactory. 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 10.3% 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 165.27. 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 9.2x. 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: 5 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 166 days. Excellent situation: suppliers finance 161 days of the operating cycle (retail model). Overall, WCR represents 208 days of revenue, i.e. 1.1 M€ to permanently finance. Over 2017-2024, WCR increased by +48%, requiring additional financing.

Based on 103 transactions of similar company sales in 2024, the value of SOCIETE D'EXPLOITATION DE LA NIVE is estimated at 1 687 383 € (range 469 631€ - 3 563 612€). With an EBITDA of 320 473€, the sector multiple of 5.0x is applied. The price/revenue ratio is 0.38x (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.