SOCIETE INDUSTRIELLE MAINTENANCE ETUDES ET REALISATIONS : revenue, balance sheet and financial ratios

In 2024, SOCIETE INDUSTRIELLE MAINTENANCE ETUDES ET REALISATIONS achieves revenue of 1.0 M€. Revenue is growing positively over 9 years (CAGR: +4.5%). Vs 2023, growth of +11% (942 k€ -> 1.0 M€). After deducting consumption (158 k€), gross margin stands at 885 k€, i.e. a rate of 85%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 97 k€, representing 9.3% of revenue. Warning negative scissor effect: despite revenue change (+11%), EBITDA varies by -27%, reducing margin by 4.8 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 29 k€, i.e. 2.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 7%. 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 68%. 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 0.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 311.91. 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 4.1x. 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: 29 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 14 days. The company must finance 15 days of gap between collections and payments. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 62 days of revenue, i.e. 180 k€ to permanently finance. Over 2016-2024, WCR increased by +233%, requiring additional financing.

Based on 56 transactions of similar company sales (all years), the value of SOCIETE INDUSTRIELLE MAINTENANCE ETUDES ET REALISATIONS is estimated at 101 643 € (range 61 587€ - 207 691€). With an EBITDA of 97 061€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.13x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.