SOCIETE MECANIQUE AUTOMOBILE DE L'EST : revenue, balance sheet and financial ratios

SOCIETE MECANIQUE AUTOMOBILE DE L'EST is a French company founded 48 years ago, specialized in the sector Construction de véhicules automobiles. Based in TREMERY (57300), this company of category GE shows in 2023 a revenue of 3.2 Mds€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - SOCIETE MECANIQUE AUTOMOBILE DE L'EST (SIREN 312141336)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 3 186 502 656 € 2 783 316 053 € 2 453 183 595 € 2 332 636 935 € 2 880 741 640 € 3 032 014 704 € 3 350 088 609 € 3 260 737 309 €
Net income 67 507 512 € 41 549 177 € -10 622 613 € -6 962 943 € 40 501 689 € 24 830 890 € 32 675 458 € 6 428 639 €
EBITDA 70 751 477 € 44 059 267 € -8 942 847 € 753 161 € 37 626 292 € 25 573 051 € 51 066 594 € 28 043 106 €
Net margin 2.1% 1.5% -0.4% -0.3% 1.4% 0.8% 1.0% 0.2%

Revenue and income statement

In 2023, SOCIETE MECANIQUE AUTOMOBILE DE L'EST achieves revenue of 3.2 Bn€. Activity remains stable over the period (CAGR: -0.3%). Vs 2022, growth of +14% (2.8 Bn€ -> 3.2 Bn€). After deducting consumption (2.6 Bn€), gross margin stands at 615.4 M€, i.e. a rate of 19%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 70.8 M€, representing 2.2% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 67.5 M€, i.e. 2.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 186 502 656 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

615 400 966 €

EBITDA (2023) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

70 751 477 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

27 049 861 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

67 507 512 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.2%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 61%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 34%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

61.475%

Financial autonomy (2023) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

33.594%

Cash flow / Revenue (2023) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

2.673%

Repayment capacity (2023) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

2.06

Asset age ratio (2023) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

13.1%

Solvency indicators evolution
SOCIETE MECANIQUE AUTOMOBILE DE L'EST

Sector positioning

Debt ratio
61.48 2023
2021
2022
2023
Q1: 0.0
Med: 17.64
Q3: 118.13
Average

In 2023, the debt ratio of SOCIETE MECANIQUE AUTOMOB... (61.48) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
33.59% 2023
2021
2022
2023
Q1: 6.89%
Med: 23.44%
Q3: 40.7%
Good +7 pts over 3 years

In 2023, the financial autonomy of SOCIETE MECANIQUE AUTOMOB... (33.6%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
2.06 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.12 years
Q3: 3.15 years
Average -9 pts over 3 years

In 2023, the repayment capacity of SOCIETE MECANIQUE AUTOMOB... (2.06) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 173.71. 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 11.8x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

173.707

Interest coverage (2023) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

11.781

Liquidity indicators evolution
SOCIETE MECANIQUE AUTOMOBILE DE L'EST

Sector positioning

Liquidity ratio
173.71 2023
2021
2022
2023
Q1: 112.65
Med: 166.87
Q3: 252.51
Good

In 2023, the liquidity ratio of SOCIETE MECANIQUE AUTOMOB... (173.71) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
11.78x 2023
2021
2022
2023
Q1: 0.0x
Med: 2.04x
Q3: 11.4x
Excellent +53 pts over 3 years

In 2023, the interest coverage of SOCIETE MECANIQUE AUTOMOB... (11.8x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 26 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 41 days. Favorable situation: supplier credit is longer than customer credit by 15 days. Inventory turnover is 31 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 60 days of revenue, i.e. 533.4 M€ to permanently finance. Over 2016-2023, WCR increased by +199%, requiring additional financing.

Operating WCR (2023) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

533 356 815 €

Customer credit (2023) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

26 j

Supplier credit (2023) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

41 j

Inventory turnover (2023) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

31 j

WCR in days of revenue (2023) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

60 j

WCR and payment terms evolution
SOCIETE MECANIQUE AUTOMOBILE DE L'EST

Positioning of SOCIETE MECANIQUE AUTOMOBILE DE L'EST in its sector

Comparison with sector Construction de véhicules automobiles

Valuation estimate

Based on 61 transactions of similar company sales (all years), the value of SOCIETE MECANIQUE AUTOMOBILE DE L'EST is estimated at 337 301 098 € (range 216 922 803€ - 1 012 056 264€). With an EBITDA of 70 751 477€, the sector multiple of 1.1x is applied. The price/revenue ratio is 0.30x (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.

Estimated enterprise value 2023
61 tx
216922k€ 337301k€ 1012056k€
337 301 098 € Range: 216 922 803€ - 1 012 056 264€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
70 751 477 € × 1.1x
Estimation 78 903 102 €
30 063 504€ - 186 699 959€
Revenue Multiple 30%
3 186 502 656 € × 0.30x
Estimation 950 287 875 €
656 617 536€ - 2 925 755 326€
Net Income Multiple 20%
67 507 512 € × 0.9x
Estimation 63 815 928 €
24 528 953€ - 204 898 435€
How is this estimate calculated?

This estimate is based on the analysis of 61 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Construction de véhicules automobiles)

Compare SOCIETE MECANIQUE AUTOMOBILE DE L'EST with other companies in the same sector:

Voir toutes les statistiques du secteur Construction de véhicules automobiles

Frequently asked questions about SOCIETE MECANIQUE AUTOMOBILE DE L'EST

What is the revenue of SOCIETE MECANIQUE AUTOMOBILE DE L'EST ?

The revenue of SOCIETE MECANIQUE AUTOMOBILE DE L'EST in 2023 is 3.2 Mds€.

Is SOCIETE MECANIQUE AUTOMOBILE DE L'EST profitable?

Yes, SOCIETE MECANIQUE AUTOMOBILE DE L'EST generated a net profit of 67.5 M€ in 2023.

Where is the headquarters of SOCIETE MECANIQUE AUTOMOBILE DE L'EST ?

The headquarters of SOCIETE MECANIQUE AUTOMOBILE DE L'EST is located in TREMERY (57300), in the department Moselle.

Where to find the tax return of SOCIETE MECANIQUE AUTOMOBILE DE L'EST ?

The tax return of SOCIETE MECANIQUE AUTOMOBILE DE L'EST is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does SOCIETE MECANIQUE AUTOMOBILE DE L'EST operate?

SOCIETE MECANIQUE AUTOMOBILE DE L'EST operates in the sector Construction de véhicules automobiles (NAF code 29.10Z). See the 'Sector positioning' section above to compare the company with its competitors.