VALOREM TOITURE & OMBRIERE : revenue, balance sheet and financial ratios

In 2023, VALOREM TOITURE & OMBRIERE achieves revenue of 1.9 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +36.3%. Vs 2022, growth of +89% (989 k€ -> 1.9 M€). After deducting consumption (34 k€), gross margin stands at 1.8 M€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 573 k€, representing 30.7% of revenue. Positive scissor effect: EBITDA margin improves by +47.3 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 434 k€, i.e. 23.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 3525%. 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 2%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 5.7 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 23.2% 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 423.42. 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 13.6x. 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: 416 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 58 days. The gap of 358 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 30 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 412 days of revenue, i.e. 2.1 M€ to permanently finance. Over 2016-2023, WCR increased by +640%, requiring additional financing.

Indicative estimate only : the number of comparable transactions in this sector is limited (47 transactions). This range of 313 430€ to 1 072 591€ is provided for information purposes only and requires in-depth analysis to be confirmed.