SOCIETE PROMOTIONNELLE D'OPTIQUE : revenue, balance sheet and financial ratios

In 2024, SOCIETE PROMOTIONNELLE D'OPTIQUE achieves revenue of 738 k€. Activity remains stable over the period (CAGR: -0.4%). Slight decline of -0% vs 2023. After deducting consumption (288 k€), gross margin stands at 450 k€, i.e. a rate of 61%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 53 k€, representing 7.1% of revenue. Warning negative scissor effect: despite revenue change (-0%), EBITDA varies by -36%, reducing margin by 4.0 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 34 k€, i.e. 4.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 25%. 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 69%. 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 2.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 382.71. 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 4.6x. 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: 66 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 42 days. The company must finance 24 days of gap between collections and payments. Inventory turnover is 60 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 137 days of revenue, i.e. 281 k€ to permanently finance. Over 2016-2024, WCR increased by +57%, requiring additional financing.

Based on 117 transactions of similar company sales in 2024, the value of SOCIETE PROMOTIONNELLE D'OPTIQUE is estimated at 238 757 € (range 146 679€ - 423 795€). With an EBITDA of 52 734€, the sector multiple of 4.0x is applied. The price/revenue ratio is 0.53x (in line with sector norms). 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.