THIERRY PEUGNIEZ : revenue, balance sheet and financial ratios

In 2025, THIERRY PEUGNIEZ achieves revenue of 2.4 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +7.4%. Slight decline of -5% vs 2024. After deducting consumption (1.2 M€), gross margin stands at 1.2 M€, i.e. a rate of 49%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 564 k€, representing 23.8% of revenue. Warning negative scissor effect: despite revenue change (-5%), EBITDA varies by -51%, reducing margin by 22.2 pts. This reflects costs rising faster than 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 184 k€, i.e. 7.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 57%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 62%. 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 5.1 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 21.4% 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 1772.45. 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 19.1x. 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: 3 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 19 days. Favorable situation: supplier credit is longer than customer credit by 16 days. Inventory turnover is 55 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 195 days of revenue, i.e. 1.3 M€ to permanently finance. Over 2016-2025, WCR increased by +21%, requiring additional financing.

Based on 138 transactions of similar company sales (all years), the value of THIERRY PEUGNIEZ is estimated at 1 328 458 € (range 452 658€ - 2 200 972€). With an EBITDA of 564 431€, the sector multiple of 3.3x is applied. The price/revenue ratio is 0.41x (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.