STELLA MCCARTNEY FRANCE : revenue, balance sheet and financial ratios

In 2024, STELLA MCCARTNEY FRANCE achieves revenue of 5.7 M€. Revenue is declining over the period 2016-2024 (CAGR: -10.1%). Significant drop of -12% vs 2023. After deducting consumption (2.0 M€), gross margin stands at 3.7 M€, i.e. a rate of 65%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 62 k€, representing 1.1% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 80 k€, i.e. 1.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 13%. 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 75%. 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 7.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 654.06. 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 38.2x. 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: 451 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 100 days. The gap of 351 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 55 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 603 days of revenue, i.e. 9.6 M€ to permanently finance. Over 2016-2024, WCR increased by +24%, requiring additional financing.

Based on 68 transactions of similar company sales in 2024, the value of STELLA MCCARTNEY FRANCE is estimated at 440 989 € (range 276 217€ - 888 479€). With an EBITDA of 61 874€, the sector multiple of 2.0x is applied. The price/revenue ratio is 0.19x (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.