TARGETSELECT LOGISTICS FRANCE : revenue, balance sheet and financial ratios

In 2024, TARGETSELECT LOGISTICS FRANCE achieves revenue of 8.6 M€. Revenue is growing positively over 9 years (CAGR: +2.5%). Vs 2023, growth of +17% (7.4 M€ -> 8.6 M€). After deducting consumption (0 €), gross margin stands at 8.6 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5.8 M€, representing 66.9% of revenue. Warning negative scissor effect: despite revenue change (+17%), EBITDA varies by +6%, reducing margin by 7.2 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 -750 k€ (-8.7% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 59%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 57%. 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 52.8% 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 166.66. 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 24.5x. 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: 222 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 67 days. The gap of 155 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-87 days): operations structurally generate cash. Notable WCR improvement over the period (-1069%), freeing up cash.

Based on 169 transactions of similar company sales in 2024, the value of TARGETSELECT LOGISTICS FRANCE is estimated at 22 812 594 € (range 6 345 261€ - 40 926 249€). With an EBITDA of 5 772 010€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (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.