TOTALENERGIES CARBON SOLUTIONS : revenue, balance sheet and financial ratios

In 2024, TOTALENERGIES CARBON SOLUTIONS achieves revenue of 2.3 M€. Over the period 2020-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +26.4%. Significant drop of -23% vs 2023. After deducting consumption (-340 k€), gross margin stands at 2.7 M€, i.e. a rate of 115%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.5 M€, representing 106.0% of revenue. Positive scissor effect: EBITDA margin improves by +119.5 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -21.6 M€ (-924.7% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -89%. 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 -980%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 83.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 27.2% 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 857.44. 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 885.8x. 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: 137 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: -250 days. The gap of 387 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 448 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 466 days of revenue, i.e. 3.0 M€ to permanently finance.

Based on 54 transactions of similar company sales in 2024, the value of TOTALENERGIES CARBON SOLUTIONS is estimated at 8 015 399 € (range 1 590 744€ - 13 536 770€). With an EBITDA of 2 481 076€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.59x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.