SOCIETE NATIONALE SNCF : revenue, balance sheet and financial ratios

SOCIETE NATIONALE SNCF is a French company founded 71 years ago, specialized in the sector Transport ferroviaire interurbain de voyageurs. Based in SAINT-DENIS (93210), this company of category GE shows in 2024 a revenue of 2.2 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 NATIONALE SNCF (SIREN 552049447)
Indicator 2024 2023 2022 2021 2020 2019 2017 2016
Revenue 2 153 000 000 € 2 330 000 000 € 1 838 000 000 € 1 662 000 000 € 1 637 000 000 € 16 247 000 000 € 15 843 000 000 € 15 155 000 000 €
Net income 2 292 000 000 € -595 000 000 € 1 543 000 000 € 960 000 000 € -6 024 000 000 € 583 000 000 € 590 000 000 € 402 000 000 €
EBITDA -1 766 000 000 € -1 062 000 000 € -644 000 000 € -366 000 000 € -5 101 000 000 € 1 256 000 000 € 6 598 000 000 € -589 000 000 €
Net margin 106.5% -25.5% 83.9% 57.8% -368.0% 3.6% 3.7% 2.7%

Revenue and income statement

In 2024, SOCIETE NATIONALE SNCF achieves revenue of 2.2 Bn€. Revenue is declining over the period 2016-2024 (CAGR: -21.6%). Slight decline of -8% vs 2023. After deducting consumption (0 €), gross margin stands at 2.2 Bn€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -1.8 Bn€, representing -82.0% of revenue. Warning negative scissor effect: despite revenue change (-8%), EBITDA varies by -66%, reducing margin by 36.4 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.3 Bn€, i.e. 106.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 153 000 000 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 153 000 000 €

EBITDA (2024) ?
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

-1 766 000 000 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-1 736 000 000 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

2 292 000 000 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-82.0%

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Chart evolution

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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 115%. 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 13.7 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 71.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

114.53%

Financial autonomy (2024) ?
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

43.184%

Cash flow / Revenue (2024) ?
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

71.017%

Repayment capacity (2024) ?
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

13.656

Asset age ratio (2024) ?
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

38.6%

Solvency indicators evolution
SOCIETE NATIONALE SNCF

Sector positioning

Debt ratio
114.53 2024
2022
2023
2024
Q1: 0.0
Med: 0.0
Q3: 0.74
Average

In 2024, the debt ratio of SOCIETE NATIONALE SNCF (114.53) 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
43.18% 2024
2022
2023
2024
Q1: 5.47%
Med: 39.71%
Q3: 62.66%
Good +10 pts over 3 years

In 2024, the financial autonomy of SOCIETE NATIONALE SNCF (43.2%) 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
13.66 years 2024
2022
2023
2024
Q1: -0.47 years
Med: 0.0 years
Q3: 0.0 years
Watch

In 2024, the repayment capacity of SOCIETE NATIONALE SNCF (13.66) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 330.15. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

330.15

Interest coverage (2024) ?
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

-38.109

Liquidity indicators evolution
SOCIETE NATIONALE SNCF

Sector positioning

Liquidity ratio
330.15 2024
2022
2023
2024
Q1: 52.94
Med: 124.24
Q3: 152.95
Excellent

In 2024, the liquidity ratio of SOCIETE NATIONALE SNCF (330.15) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-38.11x 2024
2022
2023
2024
Q1: -52.55x
Med: 0.0x
Q3: 0.0x
Average +10 pts over 3 years

In 2024, the interest coverage of SOCIETE NATIONALE SNCF (-38.1x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-38 days): operations structurally generate cash. Over 2016-2024, WCR increased by +93%, requiring additional financing.

Operating WCR (2024) ?
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

-225 010 030 €

Customer credit (2024) ?
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

0 j

Supplier credit (2024) ?
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

0 j

Inventory turnover (2024) ?
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

1 j

WCR in days of revenue (2024) ?
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

-38 j

WCR and payment terms evolution
SOCIETE NATIONALE SNCF

Positioning of SOCIETE NATIONALE SNCF in its sector

Comparison with sector Transport ferroviaire interurbain de voyageurs

Valuation estimate

Based on 98 transactions of similar company sales in 2024, the value of SOCIETE NATIONALE SNCF is estimated at 3 282 442 101 € (range 763 692 156€ - 8 352 980 817€). The price/revenue ratio is 0.23x (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 2024
98 tx
763692k€ 3282442k€ 8352980k€
3 282 442 101 € Range: 763 692 156€ - 8 352 980 817€
Section année 2024 Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
2 153 000 000 € × 0.23x
Estimation 488 050 770 €
222 440 362€ - 873 809 350€
Net Income Multiple 20%
2 292 000 000 € × 3.3x
Estimation 7 474 029 100 €
1 575 569 848€ - 19 571 738 018€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Transport ferroviaire interurbain de voyageurs)

Compare SOCIETE NATIONALE SNCF with other companies in the same sector:

Voir toutes les statistiques du secteur Transport ferroviaire interurbain de voyageurs

Frequently asked questions about SOCIETE NATIONALE SNCF

What is the revenue of SOCIETE NATIONALE SNCF ?

The revenue of SOCIETE NATIONALE SNCF in 2024 is 2.2 Mds€.

Is SOCIETE NATIONALE SNCF profitable?

Yes, SOCIETE NATIONALE SNCF generated a net profit of 2.3 Mds€ in 2024.

Where is the headquarters of SOCIETE NATIONALE SNCF ?

The headquarters of SOCIETE NATIONALE SNCF is located in SAINT-DENIS (93210), in the department Seine-Saint-Denis.

Where to find the tax return of SOCIETE NATIONALE SNCF ?

The tax return of SOCIETE NATIONALE SNCF 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 NATIONALE SNCF operate?

SOCIETE NATIONALE SNCF operates in the sector Transport ferroviaire interurbain de voyageurs (NAF code 49.10Z). See the 'Sector positioning' section above to compare the company with its competitors.