CAMPING CARAVANING DE FREJUS : revenue, balance sheet and financial ratios

In 2024, CAMPING CARAVANING DE FREJUS achieves revenue of 2.2 M€. Revenue is growing positively over 9 years (CAGR: +3.3%). Vs 2023, growth of +1622% (130 k€ -> 2.2 M€). After deducting consumption (-6 k€), gross margin stands at 2.3 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 726 k€, representing 32.3% of revenue. Positive scissor effect: EBITDA margin improves by +442.5 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -632 k€ (-28.2% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -2351%. 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 -4%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 271.7 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 92.56. 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 83.9x. 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: 1 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 115 days. Excellent situation: suppliers finance 114 days of the operating cycle (retail model). Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 51 days of revenue, i.e. 320 k€ to permanently finance. Over 2016-2024, WCR increased by +448%, requiring additional financing.

Based on 153 transactions of similar company sales (all years), the value of CAMPING CARAVANING DE FREJUS is estimated at 4 600 923 € (range 2 546 554€ - 6 635 758€). With an EBITDA of 725 815€, the sector multiple of 7.1x is applied. The price/revenue ratio is 1.61x (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.