SOCIETE FRANCAISE DE RESTAURATION ET SERVICES : revenue, balance sheet and financial ratios

In 2025, SOCIETE FRANCAISE DE RESTAURATION ET SERVICES achieves revenue of 287.7 M€. Revenue is growing positively over 9 years (CAGR: +1.6%). Slight decline of -3% vs 2024. After deducting consumption (110.5 M€), gross margin stands at 177.2 M€, i.e. a rate of 62%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 4.6 M€, representing 1.6% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -7.2 M€ (-2.5% of revenue), which will impact equity.

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 -23%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 0.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 75.17. 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 74.5x. 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: 65 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 41 days. The company must finance 24 days of gap between collections and payments. Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-10 days): operations structurally generate cash. Notable WCR improvement over the period (-49%), freeing up cash.

Based on 204 transactions of similar company sales (all years), the value of SOCIETE FRANCAISE DE RESTAURATION ET SERVICES is estimated at 84 462 726 € (range 48 567 981€ - 123 375 357€). With an EBITDA of 4 577 411€, the sector multiple of 5.5x is applied. The price/revenue ratio is 0.64x (in line with sector norms). 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.