TRANSPORTS MOOLAND OSMANN SA : revenue, balance sheet and financial ratios

In 2024, TRANSPORTS MOOLAND OSMANN SA achieves revenue of 4.2 M€. Revenue is declining over the period 2017-2024 (CAGR: -20.2%). Significant drop of -85% vs 2023. After deducting consumption (40 k€), gross margin stands at 4.2 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 291 k€, representing 6.9% of revenue. Warning negative scissor effect: despite revenue change (-85%), EBITDA varies by -91%, reducing margin by 5.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.3 M€, i.e. 53.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 23%. 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 54%. 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 3.6 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 37.6% 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 170.67. 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 105.5x. 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: 340 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 23 days. The gap of 317 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 921 days of revenue, i.e. 10.8 M€ to permanently finance. Over 2017-2024, WCR increased by +179%, requiring additional financing.

Based on 103 transactions of similar company sales in 2024, the value of TRANSPORTS MOOLAND OSMANN SA is estimated at 5 523 711 € (range 1 834 949€ - 13 792 206€). With an EBITDA of 290 959€, 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.