SIREN : 342404399
T D F is a French company founded 38 years ago, specialized in the sector Télécommunications sans fil . Based in MONTROUGE (92120), this company of category ETI shows in 2024 a revenue of 839.2 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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 839 171 000 € | 865 019 000 € | 870 035 000 € | 856 299 000 € | 796 618 000 € | 722 716 000 € | 633 629 000 € | 591 223 000 € | 585 505 000 € | 467 280 000 € | 667 028 000 € |
| Net income | 322 693 000 € | 170 222 000 € | 175 868 000 € | 153 797 000 € | 160 992 000 € | 132 328 000 € | 129 943 000 € | 122 083 000 € | 183 549 000 € | 53 016 000 € | -256 388 € |
| EBITDA | 393 848 000 € | 397 535 000 € | 394 638 000 € | 369 045 000 € | 341 726 000 € | 316 521 000 € | 304 379 000 € | 281 594 000 € | 293 101 000 € | 226 673 000 € | 410 720 000 € |
| Net margin | 38.5% | 19.7% | 20.2% | 18.0% | 20.2% | 18.3% | 20.5% | 20.6% | 31.3% | 11.3% | -0.0% |
In 2024, T D F achieves revenue of 839.2 M€. Revenue is growing positively over 11 years (CAGR: +2.6%). Slight decline of -3% vs 2023. After deducting consumption (5.8 M€), gross margin stands at 833.3 M€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 393.8 M€, representing 46.9% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 322.7 M€, i.e. 38.5% of revenue. This profit can be retained or distributed to shareholders.
839 171 000 €
833 328 000 €
393 848 000 €
268 770 000 €
322 693 000 €
46.7%
The debt ratio (= Financial debt / Equity x 100) stands at 3%. 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 71%. 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 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 35.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
2.89%
70.647%
35.698%
0.156
46.0%
In 2024, the debt ratio of T D F (2.89) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2024, the financial autonomy of T D F (70.7%) 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 2024, the repayment capacity of T D F (0.16) 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 57.14. 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 3.5x. Financial charges are adequately covered by operations.
57.136
3.45
In 2024, the liquidity ratio of T D F (57.14) 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 2024, the interest coverage of T D F (3.5x) 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: 61 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 118 days. Excellent situation: suppliers finance 57 days of the operating cycle (retail model). Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-449 days): operations structurally generate cash. Notable WCR improvement over the period (-55%), freeing up cash.
-1 047 209 883 €
61 j
118 j
5 j
-449 j
Based on 250 transactions of similar company sales (all years), the value of T D F is estimated at 245 499 816 € (range 127 853 420€ - 669 036 412€). With an EBITDA of 393 848 000€, the sector multiple of 0.6x is applied. The price/revenue ratio is 0.21x (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 250 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 T D F with other companies in the same sector:
Voir toutes les statistiques du secteur Télécommunications sans fil
The revenue of T D F in 2024 is 839.2 M€.
Yes, T D F generated a net profit of 322.7 M€ in 2024.
The headquarters of T D F is located in MONTROUGE (92120), in the department Hauts-de-Seine.
The tax return of T D F 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).
T D F operates in the sector Télécommunications sans fil (NAF code 61.20Z). See the 'Sector positioning' section above to compare the company with its competitors.