PLASTOCHIM DEVELOPPEMENT : revenue, balance sheet and financial ratios

In 2024, PLASTOCHIM DEVELOPPEMENT achieves revenue of 110 k€. Revenue is declining over the period 2016-2024 (CAGR: -28.9%). Vs 2023, growth of +14% (96 k€ -> 110 k€). After deducting consumption (0 €), gross margin stands at 110 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 87 k€, representing 78.5% of revenue. Warning negative scissor effect: despite revenue change (+14%), EBITDA varies by +10%, reducing margin by 3.2 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 86 k€, i.e. 77.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 26%. 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 74%. 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 2.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 78.8% 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 428.75. 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 12.0x. 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 1302 days. Excellent situation: suppliers finance 1302 days of the operating cycle (retail model). Overall, WCR represents 648 days of revenue, i.e. 198 k€ to permanently finance. Notable WCR improvement over the period (-60%), freeing up cash.

Based on 103 transactions of similar company sales in 2024, the value of PLASTOCHIM DEVELOPPEMENT is estimated at 393 523 € (range 99 513€ - 825 192€). With an EBITDA of 86 532€, 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.