SYENSQO FRANCE : revenue, balance sheet and financial ratios

In 2024, SYENSQO FRANCE achieves revenue of 720.0 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +75.8%. Significant drop of -25% vs 2023. After deducting consumption (126.9 M€), gross margin stands at 593.2 M€, i.e. a rate of 82%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 224.9 M€, representing 31.2% of revenue. Warning negative scissor effect: despite revenue change (-25%), EBITDA varies by -44%, reducing margin by 10.9 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -309.4 M€ (-43.0% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 50%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 61%. 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 2.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 66.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 110.31. 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 366.9x. 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: 13 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 50 days. Excellent situation: suppliers finance 37 days of the operating cycle (retail model). Inventory turnover is 33 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-4 days): operations structurally generate cash. Over 2016-2024, WCR increased by +95%, requiring additional financing.

Based on 103 transactions of similar company sales in 2024, the value of SYENSQO FRANCE is estimated at 809 248 748 € (range 170 351 967€ - 1 375 997 662€). With an EBITDA of 224 923 833€, the sector multiple of 5.0x is applied. The price/revenue ratio is 0.38x (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.