SIREN : 301503231
SPL M TAG is a French company founded 51 years ago, specialized in the sector Transports urbains et suburbains de voyageurs. Based in ECHIROLLES (38130), this company of category ETI shows in 2023 a revenue of 168.8 M€. 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
| Indicator | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 168 786 444 € | 138 849 579 € | 27 654 381 € | 38 622 329 € | 38 033 561 € | 35 805 216 € | 34 298 468 € |
| Net income | -890 881 € | 170 000 € | -1 197 945 € | 200 894 € | 319 113 € | 332 911 € | 274 585 € |
| EBITDA | 18 182 376 € | -3 179 498 € | -7 481 177 € | -2 169 512 € | 1 130 227 € | -933 754 € | -1 930 545 € |
| Net margin | -0.5% | 0.1% | -4.3% | 0.5% | 0.8% | 0.9% | 0.8% |
In 2023, SPL M TAG achieves revenue of 168.8 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +25.6%. Vs 2022, growth of +22% (138.8 M€ -> 168.8 M€). After deducting consumption (8.1 M€), gross margin stands at 160.7 M€, i.e. a rate of 95%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 18.2 M€, representing 10.8% of revenue. Positive scissor effect: EBITDA margin improves by +13.1 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Net income is negative at -891 k€ (-0.5% of revenue), which will impact equity.
168 786 444 €
160 666 066 €
18 182 376 €
-890 881 €
10.6%
The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 85%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
0.004%
85.146%
1.417%
0.005
73.8%
In 2023, the debt ratio of SPL M TAG (0.00) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2023, the financial autonomy of SPL M TAG (85.2%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.
In 2023, the repayment capacity of SPL M TAG (0.01) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 0.00. Alert: short-term debt exceeds current assets. Risk of payment difficulties without cash reinforcement. The interest coverage ratio (= EBIT / Interest expenses) is 0.0x. Danger: operating income does not cover interest charges, unsustainable situation.
0.0
0.007
In 2023, the liquidity ratio of SPL M TAG (0.00) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.
In 2023, the interest coverage of SPL M TAG (0.0x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 57 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 95 days. Excellent situation: suppliers finance 38 days of the operating cycle (retail model). WCR is negative (-155 days): operations structurally generate cash.
-72 576 483 €
57 j
95 j
0 j
-155 j
Based on 206 transactions of similar company sales (all years), the value of SPL M TAG is estimated at 78 338 251 € (range 35 020 119€ - 143 687 551€). With an EBITDA of 18 182 376€, the sector multiple of 4.2x is applied. The price/revenue ratio is 0.48x (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.
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This estimate is based on the analysis of 206 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare SPL M TAG with other companies in the same sector:
Voir toutes les statistiques du secteur Transports urbains et suburbains de voyageurs
The revenue of SPL M TAG in 2023 is 168.8 M€.
SPL M TAG recorded a net loss in 2023.
The headquarters of SPL M TAG is located in ECHIROLLES (38130), in the department Isere.
The tax return of SPL M TAG 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).
SPL M TAG operates in the sector Transports urbains et suburbains de voyageurs (NAF code 49.31Z). See the 'Sector positioning' section above to compare the company with its competitors.