SOCIETE INTERNATIONALE DE COMMERCIALISATION D'APPAREILS ET DE MATERIELS ELECTRIQUES : revenue, balance sheet and financial ratios

In 2024, SOCIETE INTERNATIONALE DE COMMERCIALISATION D'APPAREILS ET DE MATERIELS ELECTRIQUES achieves revenue of 9.9 M€. Revenue is growing positively over 8 years (CAGR: +2.9%). Slight decline of -9% vs 2023. After deducting consumption (7.6 M€), gross margin stands at 2.3 M€, i.e. a rate of 23%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 326 k€, representing 3.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 188 k€, i.e. 1.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 11%. 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 48%. 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 1.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 268.78. 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 15.2x. 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: 80 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 51 days. The company must finance 29 days of gap between collections and payments. Inventory turnover is 66 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 124 days of revenue, i.e. 3.4 M€ to permanently finance. Notable WCR improvement over the period (-23%), freeing up cash.

Indicative estimate only : the number of comparable transactions in this sector is limited (32 transactions). This range of 606 200€ to 1 652 700€ is provided for information purposes only and requires in-depth analysis to be confirmed.