COMPAGNIE DES PORTS DU MORBIHAN : revenue, balance sheet and financial ratios

COMPAGNIE DES PORTS DU MORBIHAN is a French company founded 46 years ago, specialized in the sector Services auxiliaires des transports terrestres. Based in VANNES (56000), this company of category PME shows in 2024 a revenue of 33.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - COMPAGNIE DES PORTS DU MORBIHAN (SIREN 317823409)
Indicator 2024 2023 2022 2021 2020 2019 2018 2016
Revenue 33 762 882 € 32 045 324 € 30 669 727 € 28 267 913 € 26 363 813 € 26 236 406 € 25 804 454 € 22 243 017 €
Net income 2 187 835 € 708 043 € 645 413 € 709 394 € 671 744 € 616 659 € 619 232 € 537 392 €
EBITDA 4 122 564 € 2 476 395 € 7 678 124 € 7 128 365 € 6 486 353 € 6 484 820 € 5 864 329 € 3 402 379 €
Net margin 6.5% 2.2% 2.1% 2.5% 2.5% 2.4% 2.4% 2.4%

Revenue and income statement

In 2024, COMPAGNIE DES PORTS DU MORBIHAN achieves revenue of 33.8 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.4%. Vs 2023: +5%. After deducting consumption (3.4 M€), gross margin stands at 30.4 M€, i.e. a rate of 90%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 4.1 M€, representing 12.2% of revenue. Positive scissor effect: EBITDA margin improves by +4.5 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.2 M€, i.e. 6.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

33 762 882 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

30 378 721 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

4 122 564 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

4 414 111 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

2 187 835 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

12.1%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 110%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 37%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 107.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

110.42%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

37.452%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

1.291%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

107.522

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

75.5%

Solvency indicators evolution
COMPAGNIE DES PORTS DU MORBIHAN

Sector positioning

Debt ratio
110.42 2024
2022
2023
2024
Q1: 0.0
Med: 7.19
Q3: 71.25
Average

In 2024, the debt ratio of COMPAGNIE DES PORTS DU MO... (110.42) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
37.45% 2024
2022
2023
2024
Q1: 8.5%
Med: 34.82%
Q3: 60.5%
Good +5 pts over 3 years

In 2024, the financial autonomy of COMPAGNIE DES PORTS DU MO... (37.5%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
107.52 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 1.65 years
Watch +5 pts over 3 years

In 2024, the repayment capacity of COMPAGNIE DES PORTS DU MO... (107.52) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 40.97. 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 28.5x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

40.974

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

28.475

Liquidity indicators evolution
COMPAGNIE DES PORTS DU MORBIHAN

Sector positioning

Liquidity ratio
40.97 2024
2022
2023
2024
Q1: 94.59
Med: 166.76
Q3: 334.35
Watch -7 pts over 3 years

In 2024, the liquidity ratio of COMPAGNIE DES PORTS DU MO... (40.97) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
28.48x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.2x
Q3: 7.96x
Excellent

In 2024, the interest coverage of COMPAGNIE DES PORTS DU MO... (28.5x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 27 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 61 days. Excellent situation: suppliers finance 34 days of the operating cycle (retail model). Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-80 days): operations structurally generate cash. Notable WCR improvement over the period (-324%), freeing up cash.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

-7 479 154 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

27 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

61 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

7 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

-80 j

WCR and payment terms evolution
COMPAGNIE DES PORTS DU MORBIHAN

Positioning of COMPAGNIE DES PORTS DU MORBIHAN in its sector

Comparison with sector Services auxiliaires des transports terrestres

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (26 transactions). This range of 5 070 147€ to 17 127 267€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
5070k€ 12441k€ 17127k€
12 441 009 € Range: 5 070 147€ - 17 127 267€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 26 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Services auxiliaires des transports terrestres)

Compare COMPAGNIE DES PORTS DU MORBIHAN with other companies in the same sector:

Voir toutes les statistiques du secteur Services auxiliaires des transports terrestres

Frequently asked questions about COMPAGNIE DES PORTS DU MORBIHAN

What is the revenue of COMPAGNIE DES PORTS DU MORBIHAN ?

The revenue of COMPAGNIE DES PORTS DU MORBIHAN in 2024 is 33.8 M€.

Is COMPAGNIE DES PORTS DU MORBIHAN profitable?

Yes, COMPAGNIE DES PORTS DU MORBIHAN generated a net profit of 2.2 M€ in 2024.

Where is the headquarters of COMPAGNIE DES PORTS DU MORBIHAN ?

The headquarters of COMPAGNIE DES PORTS DU MORBIHAN is located in VANNES (56000), in the department Morbihan.

Where to find the tax return of COMPAGNIE DES PORTS DU MORBIHAN ?

The tax return of COMPAGNIE DES PORTS DU MORBIHAN is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does COMPAGNIE DES PORTS DU MORBIHAN operate?

COMPAGNIE DES PORTS DU MORBIHAN operates in the sector Services auxiliaires des transports terrestres (NAF code 52.21Z). See the 'Sector positioning' section above to compare the company with its competitors.