TRUCK PICARDIE NEGOCE : revenue, balance sheet and financial ratios

In 2024, TRUCK PICARDIE NEGOCE achieves revenue of 1.5 M€. Activity remains stable over the period (CAGR: -1.4%). Significant drop of -44% vs 2023. After deducting consumption (967 k€), gross margin stands at 558 k€, i.e. a rate of 37%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 25 k€, representing 1.6% of revenue. Warning negative scissor effect: despite revenue change (-44%), EBITDA varies by -89%, reducing margin by 6.4 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 27 k€, i.e. 1.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 64%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 52%. 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 9.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 609.18. 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 33.1x. 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: 58 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 39 days. The company must finance 19 days of gap between collections and payments. Inventory turnover is 89 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 159 days of revenue, i.e. 675 k€ to permanently finance. Over 2016-2024, WCR increased by +45%, requiring additional financing.

Based on 148 transactions of similar company sales in 2024, the value of TRUCK PICARDIE NEGOCE is estimated at 107 094 € (range 48 388€ - 203 149€). With an EBITDA of 24 551€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.16x (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.