XPO TRANSPORT LOCATION FRANCE : revenue, balance sheet and financial ratios

In 2024, XPO TRANSPORT LOCATION FRANCE achieves revenue of 94.6 M€. Activity remains stable over the period (CAGR: -2.7%). Vs 2023: +5%. After deducting consumption (309 k€), gross margin stands at 94.3 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 34.7 M€, representing 36.7% of revenue. Warning negative scissor effect: despite revenue change (+5%), EBITDA varies by -1%, reducing margin by 2.4 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 20.5 M€, i.e. 21.6% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 2%. 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 84%. 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 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 31.5% 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 366.28. 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 0.5x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 39 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 17 days. The company must finance 22 days of gap between collections and payments. Overall, WCR represents 21 days of revenue, i.e. 5.6 M€ to permanently finance. Over 2016-2024, WCR increased by +114%, requiring additional financing.

Based on 292 transactions of similar company sales (all years), the value of XPO TRANSPORT LOCATION FRANCE is estimated at 256 954 127 € (range 54 286 154€ - 506 973 879€). With an EBITDA of 34 705 945€, the sector multiple of 9.5x is applied. The price/revenue ratio is 2.04x (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.