Analyse financière

...

---------------------------------------------------------------

PARTIE EN ANGLAIS

- Ratio de rentabilité :

- Return On Equity (ROE) : Net Profit n / [(BookValue n + BookValue n-1) / 2]

- Return On Asset (ROA) : Net Profit n / [(Total Asset n + Total Asset n-1) / 2]

- Return On Sales (ROS) : Net income (Before interest and tax) / Sales

- Return On Investment (ROI) : (Gain from investment – Cost of investment) / Cost of investment

- EBITDA Margin = EBITDA / Sales

- Return en Capital employment (ROCE) = EBIT / (Fixed assets + Working capital)

- Ratio de liquidité :

- Quick ratio = (current assets – inventories) / current liabilities

(Cash & Cash equivalents + Marketable securities + Receivables) / Current liabilities

(créance et trésorerie doivent couvrir les dettes de CT)

- Current ratio = Current assets / Current liabilities (Couverture des dettes de CT par actifs de CT)

- Payout Ratio = Dividendes / résultat net

- Days in Inventory = (Inventory / Net sales) x 360

- Days in receivable = (Accounts receivable / Net sales) x 360

- Days in payable = (Acounts payable / Net sales) x 360

- Days in Cash = (Cash & Equivalent / Net sales) x 360

- Ratio Utilisation des actifs

- Sales / Accounts receivable

- Sales / Inventories

- Sales / Working capital

- Sales / Total Asset

- Sales / Fixed Asset

- Ratio de Structure de financement

- Net Debt / Book Value

- Net Debt / EBITDA

- Total Equity / Total Assets

- Retention Ratio = (Net income – Dividends) / Net Income

- Total Liabilitues & Debt / Equity

- Inventories / Working Capital

- Financial leverage (Debt to Equity) = Financial Debt/Book Value

- CAGR : compound annual growth rate = taux de croissance annuel moyen.

- Dividend Yield = Dividende versé / cours de l’action

- Dividend Per Share = Dividende versé / Nombre d’action

- Market to Book ratio = Capitalisation boursière / Valeur des capitaux propres → Définir la valeur réelle de marché des fonds propres (valeur comparative)

- EBITDA = Chiffre d’affaire – Achat – Charges externes – Charges de personnel

EBITDA = Résultat net + charges d’intérêt + charges d’impôt + Amortissements et provisions

- Working Capital = Current Assets – Current LiabilitiesWorking Capital = Accounts payable + Advanced & Prepaid liabilities - Debtors – Inventories

- Value Entreprise (DCF) = Free Cash flow / ( WACC – taux de croissance a l’infini)

- Value Entreprise – Debt net

- Nombre d’action = RN / RPA

- Valeur d’une action = (Value Entreprise – Debt net) / Nombre d’action