CAMPING LES VIKINGS : revenue, balance sheet and financial ratios

In 2024, CAMPING LES VIKINGS achieves revenue of 3.0 M€. Over the period 2018-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +11.6%. Slight decline of -7% vs 2023. After deducting consumption (3 k€), gross margin stands at 3.0 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 169 k€, representing 5.5% of revenue. Warning negative scissor effect: despite revenue change (-7%), EBITDA varies by -68%, reducing margin by 10.6 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -563 k€ (-18.5% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -3115%. 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 -3%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 60.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 69.00. 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 53.1x. 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: 65 days. Excellent situation: suppliers finance 65 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 39 days of revenue, i.e. 329 k€ to permanently finance.

Based on 153 transactions of similar company sales (all years), the value of CAMPING LES VIKINGS is estimated at 2 596 125 € (range 1 574 729€ - 3 608 121€). With an EBITDA of 168 840€, 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.