CAMPING DU LAC DE PANTHIER : revenue, balance sheet and financial ratios

In 2024, CAMPING DU LAC DE PANTHIER achieves revenue of 1.5 M€. Revenue is growing positively over 10 years (CAGR: +4.5%). Vs 2023, growth of +58% (925 k€ -> 1.5 M€). After deducting consumption (24 k€), gross margin stands at 1.4 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 43 k€, representing 2.9% of revenue. Warning negative scissor effect: despite revenue change (+58%), EBITDA varies by -38%, reducing margin by 4.6 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -557 k€ (-38.2% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -7666%. 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 -1%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

The liquidity ratio (= Current assets / Current liabilities) stands at 91.72. 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 299.7x. 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: 2 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 96 days. Excellent situation: suppliers finance 94 days of the operating cycle (retail model). Inventory turnover is 2 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 130 days of revenue, i.e. 526 k€ to permanently finance. Over 2015-2024, WCR increased by +529%, requiring additional financing.

Based on 153 transactions of similar company sales (all years), the value of CAMPING DU LAC DE PANTHIER is estimated at 1 074 197 € (range 667 008€ - 1 477 679€). With an EBITDA of 42 904€, 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.