TRATON MOBILITY SERVICES FRANCE : revenue, balance sheet and financial ratios

In 2024, TRATON MOBILITY SERVICES FRANCE achieves revenue of 13.6 M€. Revenue is declining over the period 2016-2024 (CAGR: -9.5%). Vs 2023, growth of +25% (10.8 M€ -> 13.6 M€). After deducting consumption (0 €), gross margin stands at 13.6 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 10.9 M€, representing 80.5% of revenue. Warning negative scissor effect: despite revenue change (+25%), EBITDA varies by +19%, reducing margin by 4.1 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 628 k€, i.e. 4.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 1684%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 12.9 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 83.3% 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 656.13. 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 35.5x. 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: 31 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 380 days. Excellent situation: suppliers finance 349 days of the operating cycle (retail model). Overall, WCR represents 1588 days of revenue, i.e. 59.9 M€ to permanently finance. Over 2016-2024, WCR increased by +621%, requiring additional financing.

Based on 276 transactions of similar company sales (all years), the value of TRATON MOBILITY SERVICES FRANCE is estimated at 76 347 922 € (range 15 536 581€ - 105 756 689€). With an EBITDA of 10 930 832€, the sector multiple of 11.9x is applied. The price/revenue ratio is 2.33x (premium 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.