INSTITUT OENOLOGIQUE DE CHAMPAGNE : revenue, balance sheet and financial ratios

In 2025, INSTITUT OENOLOGIQUE DE CHAMPAGNE achieves revenue of 40.8 M€. Revenue is growing positively over 9 years (CAGR: +4.4%). Slight decline of -8% vs 2024. After deducting consumption (18.9 M€), gross margin stands at 21.9 M€, i.e. a rate of 54%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.7 M€, representing 6.7% of revenue. Warning negative scissor effect: despite revenue change (-8%), EBITDA varies by -42%, reducing margin by 3.9 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.4 M€, i.e. 5.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 28%. 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 69%. 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 2.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 152.10. 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 7.6x. 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: 64 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 53 days. The company must finance 11 days of gap between collections and payments. Inventory turnover is 75 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 130 days of revenue, i.e. 14.7 M€ to permanently finance. Over 2017-2025, WCR increased by +50%, requiring additional financing.

Based on 53 transactions of similar company sales in 2025, the value of INSTITUT OENOLOGIQUE DE CHAMPAGNE is estimated at 7 303 180 € (range 3 269 813€ - 16 777 445€). With an EBITDA of 2 734 532€, the sector multiple of 3.1x is applied. The price/revenue ratio is 0.13x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.