SOCIETE MARTINIQUAISE DES PLANTATIONS SAINT-JAMES : revenue, balance sheet and financial ratios

In 2024, SOCIETE MARTINIQUAISE DES PLANTATIONS SAINT-JAMES achieves revenue of 3.9 M€. Revenue is growing positively over 9 years (CAGR: +2.2%). Vs 2023, growth of +24% (3.1 M€ -> 3.9 M€). After deducting consumption (515 k€), gross margin stands at 3.4 M€, i.e. a rate of 87%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 338 k€, representing 8.7% of revenue. Positive scissor effect: EBITDA margin improves by +12.1 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Net income is negative at -156 k€ (-4.0% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 122%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 43%. 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 9.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 16.2% 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 311.73. 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 51.6x. 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: 79 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 28 days. The gap of 51 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 53 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 167 days of revenue, i.e. 1.8 M€ to permanently finance. Notable WCR improvement over the period (-67%), freeing up cash.

Based on 138 transactions of similar company sales (all years), the value of SOCIETE MARTINIQUAISE DES PLANTATIONS SAINT-JAMES is estimated at 1 309 831 € (range 440 612€ - 2 067 283€). With an EBITDA of 337 768€, the sector multiple of 3.3x is applied. The price/revenue ratio is 0.41x (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.