{"id":447,"date":"2018-05-06T09:11:00","date_gmt":"2018-05-06T07:11:00","guid":{"rendered":"https:\/\/hytecpartners.com\/shv\/?page_id=447"},"modified":"2026-02-24T17:57:10","modified_gmt":"2026-02-24T16:57:10","slug":"about-us","status":"publish","type":"page","link":"https:\/\/hytecpartners.com\/shv\/?page_id=447","title":{"rendered":"Mod\u00e8les de Valorisation"},"content":{"rendered":"<div class=\"brz-root__container brz-reset-all\">\n<section id=\"0LBGNzlt3p\" class=\"brz-section brz-css-hztrx brz-css-zVOTJ\">\n<div class=\"brz-section__content brz-section--boxed brz-css-u_0Ko brz-css-fKMbq\" data-brz-custom-id=\"jsYCdkXf0N\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-image\"><\/div>\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-container brz-css-ijm1P brz-css-ufw0_\">\n<div id data-brz-iteration-count=\"1\" class=\"brz-css-f0Fn6 brz-css-gXp6b brz-wrapper brz-animated brz-css-koQoG brz-css-wD_oE\" data-animationid=\"4R9F3NYir3\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"YLlqvFuF4g\">\n<div data-brz-translate-text=\"1\">\n<h1 class=\"brz-text-lg-center brz-tp-lg-heading1 brz-fs-xs-50 brz-css-gLRYN\" data-uniq-id=\"qyxna\" data-generated-css=\"brz-css-krtlz\"><span class=\"brz-cp-color7\">Mod\u00e8les de Valorisation<\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n<div id data-brz-iteration-count=\"1\" class=\"brz-css-f0Fn6 brz-css-rA0lO brz-wrapper brz-animated brz-css-smEcy brz-css-nAV5l\" data-animationid=\"PRdcaCny81\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"nLxs0Pw7e7\">\n<div data-brz-translate-text=\"1\">\n<h1 class=\"brz-text-lg-center brz-fs-xs-18 brz-tp-lg-heading3 brz-mb-lg-0 brz-css-f9CYf\" data-uniq-id=\"agopg\" data-generated-css=\"brz-css-zphdk\"><\/h1>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"jumkjireerfdemfkcshxubdvvotiouthybxr\" class=\"brz-section brz-css-hztrx\">\n<div class=\"brz-section__content brz-section--boxed brz-css-u_0Ko brz-css-zIvjV\" data-brz-custom-id=\"ymezlvyzhowyvcsjzrzchpxoeehpjbondbbm\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-container brz-css-ijm1P\">\n<div id class=\"brz-css-f0Fn6 brz-css-ziY9n brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"hnyypgwfzvapvxvktftmvdlbedyluhncfqcw\">\n<div data-brz-translate-text=\"1\">\n<h1 class=\"brz-text-lg-center brz-tp-lg-heading1 brz-css-qx7nj\" data-generated-css=\"brz-css-hzgfl\" data-uniq-id=\"bxvoe\"><span class=\"brz-scp-color1 brz-cp-color7\">Plusieurs angles d&#8217;approche<\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"qclrkslolnksjagzvnqdzahhxyawkguxlgnz\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-ls-lg-0_5 brz-fw-lg-300 brz-fss-lg-px brz-fs-lg-24 brz-ft-google brz-ff-montserrat brz-lh-lg-1_5 brz-text-lg-center brz-tp-lg-heading6 brz-css-xKJ68\" data-uniq-id=\"smcvs\" data-generated-css=\"brz-css-orbrj\"><em class=\"brz-cp-color7\">Des approches adapt\u00e9es aux entreprises &#8220;high tech&#8221;<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-i0Rmu brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"badbeoaznfpncvnnxriynurcjghhdlanrohz\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-tp-lg-subtitle brz-text-lg-center brz-css-mdEwz\" data-uniq-id=\"rogct\" data-generated-css=\"brz-css-mmlti\"><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-row__container brz-css-hIIlt\" data-brz-custom-id=\"heeyfgqbnwvbhjgoalfdrwdeaxvsizzhpdgz\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-css-x4nh_ brz-css-jBOul\">\n<div class=\"brz-columns brz-css-gERqb brz-css-dBovw\" data-brz-custom-id=\"rpyspianmvdwnaccpsejyzguvwjeofanfcnd\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-pasMM brz-css-eJxTP\">\n<div class=\"brz-wrapper-clone brz-css-it4P_\">\n<div class=\"brz-d-xs-flex brz-flex-xs-wrap brz-css-ju8oc\" data-brz-custom-id>\n<div class=\"brz-wrapper-clone__item\" id=\"jjjhkwxjhrknatcfxfjnarhidpumhrcpauzy\">\n<div class=\"brz-icon__container\" data-brz-custom-id=\"jjjhkwxjhrknatcfxfjnarhidpumhrcpauzy\"><span class=\"brz-icon brz-span brz-css-wfuI0 brz-css-cOwgp\"><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"dicfomljdeaxnecuaosgscbshrrggmowjyot\">\n<div data-brz-translate-text=\"1\">\n<h5 class=\"brz-fw-lg-600 brz-fss-lg-px brz-fs-lg-20 brz-ft-google brz-ff-montserrat brz-tp-lg-empty brz-lh-lg-1_5 brz-ls-lg-0 brz-text-lg-center brz-css-v2zpI\" data-generated-css=\"brz-css-sfpbb\" data-uniq-id=\"bfdul\"><span class=\"brz-cp-color2\">Performance \u00e9conomique et march\u00e9<\/span><\/h5>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-seeLz brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"cqewhscuhokmpbumwpngbvamzxehnfhzntul\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-mb-lg-20 brz-mb-xs-10 brz-text-lg-justify brz-ff-lato brz-ft-google brz-fs-lg-21 brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-paragraph brz-css-gcY9b\" data-uniq-id=\"bduvl\" data-generated-css=\"brz-css-ayswo\"><span class=\"brz-cp-color7\">E<\/span><span class=\"brz-cp-color4\">valuations bas\u00e9es sur les caract\u00e9ristiques comptable et extra comptables de l&#8217;activit\u00e9.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-wrapper-clone brz-css-it4P_ brz-css-bkBdE\">\n<div class=\"brz-d-xs-flex brz-flex-xs-wrap brz-css-ju8oc brz-css-jPaA4\" data-brz-custom-id>\n<div class=\"brz-wrapper-clone__item\" id=\"lilnmdsukhiykcquvvdgosppjzdezesxlryo\"><a class=\"brz-a brz-btn brz-css-fHld7 brz-css-pxA6T\" href=\"https:\/\/hytecpartners.com\/shv\/?page_id=3601\" target=\"_self\" rel=\"noopener\" data-brz-link-type=\"external\" data-brz-custom-id=\"lilnmdsukhiykcquvvdgosppjzdezesxlryo\"><span data-brz-translate-text=\"1\" class=\"brz-span brz-text__editor\">Les mod\u00e8les de performance<\/span><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-columns brz-css-gERqb brz-css-cRlCj\" data-brz-custom-id=\"rlufahhljeodsnpfdenjuwsoivvambnfvdjo\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-pasMM brz-css-idKYd\">\n<div class=\"brz-wrapper-clone brz-css-it4P_\">\n<div class=\"brz-d-xs-flex brz-flex-xs-wrap brz-css-ju8oc\" data-brz-custom-id>\n<div class=\"brz-wrapper-clone__item\" id=\"twigiadpyarvhgffjevlsenneinbrzpxggbs\">\n<div class=\"brz-icon__container\" data-brz-custom-id=\"twigiadpyarvhgffjevlsenneinbrzpxggbs\"><span class=\"brz-icon brz-span brz-css-wfuI0 brz-css-mBEre\"><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"algngpgxcecikkjdzsjdphgpobzsytrfsbcw\">\n<div data-brz-translate-text=\"1\">\n<h5 class=\"brz-text-lg-center brz-ff-montserrat brz-ft-google brz-fs-lg-20 brz-fss-lg-px brz-fw-lg-600 brz-ls-lg-0 brz-lh-lg-1_5 brz-tp-lg-empty brz-css-rlhmL\" data-generated-css=\"brz-css-jqahf\" data-uniq-id=\"wfsag\"><span class=\"brz-cp-color2\">Les Comparables <\/span><\/h5>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-cTSct brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"bbuogezoihcarbpuxcggjpcrzcgqqzphbnan\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-text-lg-justify brz-bcp-color7 brz-ff-lato brz-ft-google brz-fs-lg-20 brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-css-qno5v\" data-generated-css=\"brz-css-nkcwf\" data-uniq-id=\"dsozd\"><span class=\"brz-cp-color7\">Comparables cot\u00e9es<\/span><\/p>\n<p class=\"brz-text-lg-justify brz-bcp-color7 brz-tp-lg-paragraph brz-css-hTSGa\" data-generated-css=\"brz-css-zshbl\" data-uniq-id=\"ubqpd\"><span class=\"brz-cp-color4\">Par rapprochement avec la capitalisation boursi\u00e8re de soci\u00e9t\u00e9s similaires par leur activit\u00e9 et leur taille. <\/span><\/p>\n<p class=\"brz-text-lg-justify brz-bcp-color7 brz-tp-lg-paragraph brz-css-lnSAO\" data-generated-css=\"brz-css-zshbl\" data-uniq-id=\"ubqpd\"><span class=\"brz-cp-color4\"> <\/span><\/p>\n<p class=\"brz-text-lg-justify brz-bcp-color7 brz-ff-lato brz-ft-google brz-fs-lg-20 brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-css-jJRPb\" data-generated-css=\"brz-css-aplma\" data-uniq-id=\"znehs\"><span class=\"brz-cp-color7\">Transactions Comparables <\/span><\/p>\n<p class=\"brz-text-lg-justify brz-bcp-color7 brz-tp-lg-paragraph brz-css-wUeM7\" data-generated-css=\"brz-css-uaajz\" data-uniq-id=\"pyxyw\"><span class=\"brz-cp-color4\">Cessions ou op\u00e9rations de capital effectivement r\u00e9alis\u00e9es pour des soci\u00e9t\u00e9s similaires.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-columns brz-css-gERqb brz-css-oCkj5\" data-brz-custom-id=\"wyryeqeifmcdexmjogywfcbtzamavrmzlghg\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-pasMM brz-css-fekcp\">\n<div class=\"brz-wrapper-clone brz-css-it4P_\">\n<div class=\"brz-d-xs-flex brz-flex-xs-wrap brz-css-ju8oc\" data-brz-custom-id>\n<div class=\"brz-wrapper-clone__item\" id=\"kxwmrcdmlhskrutfzjslzlckhyogvwfacsnt\">\n<div class=\"brz-icon__container\" data-brz-custom-id=\"kxwmrcdmlhskrutfzjslzlckhyogvwfacsnt\"><span class=\"brz-icon brz-span brz-css-wfuI0 brz-css-hWwfv\"><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"zewlccgzsmcrranykwkzvqobotbwfqjfvfft\">\n<div data-brz-translate-text=\"1\">\n<h5 class=\"brz-text-lg-center brz-ff-montserrat brz-ft-google brz-fs-lg-20 brz-fss-lg-px brz-fw-lg-600 brz-ls-lg-0 brz-lh-lg-1_5 brz-tp-lg-empty brz-css-pMeP5\" data-uniq-id=\"ccske\" data-generated-css=\"brz-css-vfwiw\"><span class=\"brz-cp-color2\">Valorisation Deep Learning<\/span><\/h5>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-vP4PY brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"ikhexaczwmjrbhqmuthnzdedmcomupjnomjl\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-tp-lg-paragraph brz-text-lg-justify brz-css-m0S1i\" data-uniq-id=\"jtrvr\" data-generated-css=\"brz-css-otzcy\">E<span class=\"brz-cp-color4\">valuation  d\u00e9termin\u00e9e  par les caract\u00e9ristiques de l&#8217;activit\u00e9: Domaine \/ taille\/ march\u00e9\/ structure de co\u00fbt\/ phase de d\u00e9veloppement\/ <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-tFMma brz-css-t5xl7 brz-wrapper\">\n<div class=\"brz-spacer brz-css-cKtYm brz-css-pMDbX\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"jgonclhyspsjlbzissdxoprkadurgkpwwhky\" class=\"brz-section brz-css-hztrx\">\n<div class=\"brz-section__content brz-section--boxed brz-css-u_0Ko brz-css-m3x0H\" data-brz-custom-id=\"eskrrartywyyrlrbelifjwpqemwbvyadqtbr\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-container brz-css-ijm1P\">\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"bawegmgpnmgicyovqwnmxrfmryudoizujqjc\">\n<div data-brz-translate-text=\"1\">\n<h2 class=\"brz-text-lg-center brz-tp-lg-heading1 brz-css-r5QcE\" data-generated-css=\"brz-css-ifrim\" data-uniq-id=\"zrbsg\"><span class=\"brz-cp-color4 brz-scp-color4\">Valeur d entreprise et valeur des titres<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"rcyestlefpkgozmhhtherzvxxadjuodpxrer\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-text-lg-center brz-tp-lg-abovetitle brz-css-dkDqS\" data-generated-css=\"brz-css-kzrgp\" data-uniq-id=\"fsdly\"><span class=\"brz-cp-color7\">Quelle que soit la m\u00e9thode de valorisation utilis\u00e9e on distinguera deux valeurs : <\/span><\/p>\n<p class=\"brz-text-lg-center brz-tp-lg-abovetitle brz-css-ovy8h\" data-generated-css=\"brz-css-swoxs\" data-uniq-id=\"jplvv\"><span class=\"brz-cp-color7\">la valeur d&#8217;entreprise et la valeur des titres.<\/span><\/p>\n<p data-generated-css=\"brz-css-swoxs\" data-uniq-id=\"jplvv\" class=\"brz-tp-lg-abovetitle brz-text-lg-center brz-css-mumic\"><span class=\"brz-cp-color7\"> <\/span><\/p>\n<p data-generated-css=\"brz-css-dwtrs\" data-uniq-id=\"cxzpm\" class=\"brz-tp-lg-abovetitle brz-text-lg-center brz-css-dYj_g\"><span class=\"brz-cp-color7\">Les mod\u00e8les de performance permettent de calculer la <\/span><em class=\"brz-cp-color7\">valeur d&#8217;entreprise<\/em><span class=\"brz-cp-color7\">.<\/span><\/p>\n<p class=\"brz-tp-lg-paragraph brz-css-eohjJ\" data-generated-css=\"brz-css-jvche\" data-uniq-id=\"ykbfw\"><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-tFMma brz-css-dlgXW brz-wrapper\">\n<div class=\"brz-spacer brz-css-cKtYm brz-css-jAAuE\"><\/div>\n<\/div>\n<div class=\"brz-row__container brz-css-hIIlt\" data-brz-custom-id=\"tgzkqzjdfjfzxmwumxcycccqncxwmhggtiag\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-css-x4nh_\">\n<div class=\"brz-columns brz-css-gERqb brz-css-w0Nhg\" data-brz-custom-id=\"gsbqmzwbhwqsegzytzkgroheffmubzxggqyy\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-pasMM brz-css-m64sv\">\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"fnuthxokaudcegkbxtdytwtulaztvtaqhxsx\">\n<div data-brz-translate-text=\"1\">\n<h4 class=\"brz-text-lg-center brz-tp-lg-heading4 brz-css-xpAZb\" data-uniq-id=\"qetxd\" data-generated-css=\"brz-css-fnixc\"><span class=\"brz-cp-color2\">La valeur d&#8217;entreprise<\/span><\/h4>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-larnn brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"jgquqixtahzpxgbezeykgtnqtdshzphereok\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-tp-lg-paragraph brz-text-lg-justify brz-css-whjqQ\" data-uniq-id=\"wvbpt\" data-generated-css=\"brz-css-oahfs\"><span class=\"brz-cp-color7\" style=\"background-color: transparent\">La valeur d&#8217;entreprise r\u00e9sulte des capacit\u00e9s de l &#8216;entreprise ind\u00e9pendamment de  sa situation d&#8217;endettement et de tr\u00e9sorerie. Cette capacit\u00e9 peut etre appr\u00e9ci\u00e9e d&#8217;un point de vue patrimonial, de sa capacit\u00e9 a g\u00e9n\u00e9rer du cash flow ou de la valeur.<\/span><\/p>\n<p data-uniq-id=\"wvbpt\" data-generated-css=\"brz-css-oahfs\" class=\"brz-tp-lg-paragraph brz-text-lg-justify brz-css-s6WcB\"><span class=\"brz-cp-color7\" style=\"background-color: transparent\">La valeur d&#8217;entreprise  refl\u00e8te les performances intrins\u00e9ques constat\u00e9es ou potentielles de l&#8217;entreprise. <\/span><\/p>\n<p data-uniq-id=\"wvbpt\" data-generated-css=\"brz-css-oahfs\" class=\"brz-tp-lg-paragraph brz-text-lg-justify brz-css-eEGGY\"><span class=\"brz-cp-color7\" style=\"background-color: transparent\">Les mod\u00e8les de valorisation dont nous parlons dans nos diverses approches permettent de d\u00e9terminer le valeur d&#8217;entreprise. <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-columns brz-css-gERqb brz-css-nhW19\" data-brz-custom-id=\"rbnkgcsjxjvjvroscwhwkizvqfnjbdfxoolh\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-pasMM brz-css-jr3su\">\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"mbqgufaaynckfysifcbjymzphqpwfnplgfcr\">\n<div data-brz-translate-text=\"1\">\n<h4 class=\"brz-text-lg-center brz-tp-lg-heading4 brz-css-gMiL5\" data-uniq-id=\"nwksk\" data-generated-css=\"brz-css-qskfn\"><span class=\"brz-cp-color2\">La Valeur des titres<\/span><\/h4>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-ioQOz brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"lmqvuvzaamqchirymnabxxwtolclbfvhouxo\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-text-lg-left brz-tp-lg-paragraph brz-css-wZutN\" data-generated-css=\"brz-css-ziczf\" data-uniq-id=\"vtilx\"><span class=\"brz-cp-color7\" style=\"background-color: transparent\">La valeur des titres est, comme son nom l&#8217;indique, la valeur des titres de propri\u00e9t\u00e9s qui vont \u00eatre transf\u00e9r\u00e9s ou cr\u00e9\u00e9s.<\/span><\/p>\n<p class=\"brz-text-lg-left brz-tp-lg-paragraph brz-css-gRB8W\" data-generated-css=\"brz-css-srsaf\" data-uniq-id=\"viuwj\"><span class=\"brz-cp-color7\" style=\"background-color: transparent\">Cette valeur tient compte \u00e0 la fois de la tr\u00e9sorerie disponible et de l&#8217;endettement de l&#8217;entreprise.<\/span><\/p>\n<p class=\"brz-text-lg-left brz-tp-lg-paragraph brz-css-a3p8u\" data-generated-css=\"brz-css-kltpc\" data-uniq-id=\"srxnm\"><span class=\"brz-cp-color7\" style=\"background-color: transparent\"> <\/span><\/p>\n<p class=\"brz-text-lg-left brz-tp-lg-paragraph brz-css-lvvkk\" data-generated-css=\"brz-css-pjwoc\" data-uniq-id=\"kzllv\"><strong class=\"brz-cp-color7\" style=\"background-color: transparent\">Valeur des Titres =<\/strong><\/p>\n<p class=\"brz-text-lg-left brz-tp-lg-paragraph brz-css-nTNCa\" data-generated-css=\"brz-css-pjwoc\" data-uniq-id=\"kzllv\"><strong style=\"background-color: transparent\" class=\"brz-cp-color7\"> Valeur d&#8217;entreprise + Tr\u00e9sorerie Disponible &#8211; Dettes(*)<\/strong><\/p>\n<p class=\"brz-text-lg-left brz-tp-lg-paragraph brz-css-zuT1a\" data-generated-css=\"brz-css-wsoff\" data-uniq-id=\"gcgoc\"><strong class=\"brz-cp-color7\" style=\"background-color: transparent\"> <\/strong><\/p>\n<p class=\"brz-text-lg-left brz-tp-lg-paragraph brz-css-x4INk\" data-generated-css=\"brz-css-ocjow\" data-uniq-id=\"ufdiq\"><span class=\"brz-cp-color7\" style=\"background-color: transparent\">On comprend bien que, pour une valeur d&#8217;entreprise donn\u00e9e , la valeur des titres tienne compte \u00e0 la fois de la tr\u00e9sorerie disponible et des dettes.<\/span><\/p>\n<p class=\"brz-text-lg-left brz-tp-lg-paragraph brz-css-o01I4\" data-generated-css=\"brz-css-ocjow\" data-uniq-id=\"ufdiq\"><span class=\"brz-cp-color7\" style=\"background-color: transparent\">Le montant d&#8217;une op\u00e9ration  est calcul\u00e9 sur la valeur des titres <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"lprfrtdeqtijpwucshwonmjgnumnlexhyacy\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-tp-lg-paragraph brz-css-yucy9\" data-generated-css=\"brz-css-srhrh\" data-uniq-id=\"ugcvr\"><span class=\"brz-cp-color7\">(*) Il s&#8217;agit des dettes hors exploitation &#8211; Les dettes d&#8217;exploitation constituant le BFR ne sont pas prises en compte ici.<\/span><\/p>\n<p class=\"brz-tp-lg-paragraph brz-css-yvktH\" data-generated-css=\"brz-css-srhrh\" data-uniq-id=\"ugcvr\"><span class=\"brz-cp-color7\"> <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"ttjmvnjaakciuccikugomtdqsrnxoccouelx\" class=\"brz-section brz-css-hztrx\">\n<div class=\"brz-section__content brz-section--boxed brz-css-u_0Ko brz-css-gHpCz\" data-brz-custom-id=\"zohholalgfrlihoxpsiamvkatvceeshvpwzg\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-image\"><\/div>\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-container brz-css-ijm1P\">\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"jktwaxpvhvrkrbofhnikzefapdfvascbxkpk\">\n<div data-brz-translate-text=\"1\">\n<h1 class=\"brz-text-lg-center brz-tp-lg-heading1 brz-css-oApDm\" data-uniq-id=\"aqhle\" data-generated-css=\"brz-css-mpnsk\"><span class=\"brz-cp-color7 brz-scp-color4\" style=\"background-color: transparent\">Trois Exemples<\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-tFMma brz-css-xB3jq brz-wrapper\">\n<div class=\"brz-spacer brz-css-cKtYm brz-css-zXs6N\"><\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-zu4fr brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"saueevkgbkbuccoytbbjhfnvvlcvaywaezma\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-tp-lg-subtitle brz-text-lg-center brz-css-wnEjR\" data-uniq-id=\"taeqk\" data-generated-css=\"brz-css-mteul\"><em class=\"brz-cp-color7\">Trois entreprises ayant des caract\u00e9ristiques tr\u00e8s diff\u00e9rentes mais <\/em><\/p>\n<p class=\"brz-tp-lg-subtitle brz-text-lg-center brz-css-gUy6N\" data-uniq-id=\"taeqk\" data-generated-css=\"brz-css-mteul\"><strong class=\"brz-cp-color7\"><em>la m\u00eame valeur des titres. <\/em><\/strong><\/p>\n<p data-uniq-id=\"jncxf\" data-generated-css=\"brz-css-xzqbc\" class=\"brz-tp-lg-subtitle brz-text-lg-center brz-css-cYedw\"><em class=\"brz-cp-color7\">Les op\u00e9rations sur capital se feront <\/em><strong class=\"brz-cp-color7\"><em>au m\u00eame prix <\/em><\/strong><em class=\"brz-cp-color7\">pour ces trois entreprises <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-tFMma brz-css-sEfNS brz-wrapper\">\n<div class=\"brz-spacer brz-css-cKtYm brz-css-cYsdk\"><\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-hM0HT brz-wrapper\">\n<div class=\"brz-line brz-line-default brz-css-kewt8 brz-css-cFlK7\" data-brz-custom-id=\"romxoupuspswhpqegzahyezjdcizmogmbkzd\">\n<hr class=\"brz-hr\"><\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-tFMma brz-css-tf2wj brz-wrapper\">\n<div class=\"brz-spacer brz-css-cKtYm brz-css-x_jUt\"><\/div>\n<\/div>\n<div class=\"brz-row__container brz-css-hIIlt\" data-brz-custom-id=\"bdcuyvmwehfrxwgjnihulwzuxuwrmqacvlxg\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-css-x4nh_ brz-css-jBOul\">\n<div class=\"brz-columns brz-css-gERqb brz-css-gnAeM\" data-brz-custom-id=\"hdadhgntzyhlxprkfiulfewedlfuxxkmdjkm\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-pasMM brz-css-cBNAT\">\n<div id class=\"brz-css-f0Fn6 brz-css-w3NuK brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"sxcdyshiopfkwmayxkrlkjrwghendwgjzddq\">\n<div data-brz-translate-text=\"1\">\n<h5 class=\"brz-tp-lg-heading5 brz-text-lg-center brz-css-nscto\" data-generated-css=\"brz-css-moiei\" data-uniq-id=\"hitri\"><strong class=\"brz-cp-color2\">Performante et endett\u00e9e<\/strong><\/h5>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-w0RUj brz-wrapper\">\n<div class=\"brz-image brz-css-sU0oc\" data-brz-custom-id=\"kwggqpmcwkazqvefzqgwhhlfqoatmzelsuzt\"><img decoding=\"async\" class=\"brz-img\" src=\"https:\/\/hytecpartners.com\/shv\/wp-content\/uploads\/brizy\/imgs\/ex2-340x332x0x0x340x332x1641057052.jpg\" alt=\"\" loading=\"lazy\"><\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-yKdbv brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"pgzjllgplpwejvyradqvgqqziltsdukgkocz\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-text-lg-center brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-ff-lato brz-ft-google brz-fs-lg-23 brz-css-aSTcr\" data-generated-css=\"brz-css-lygtc\" data-uniq-id=\"buwng\"><span class=\"brz-cp-color7\">Pas de tr\u00e9sorerie disponible<\/span><\/p>\n<p class=\"brz-text-lg-center brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-ff-lato brz-ft-google brz-fs-lg-23 brz-css-dJI0D\" data-generated-css=\"brz-css-hzhcc\" data-uniq-id=\"irvry\"><span class=\"brz-cp-color7\">Endettement \u00e9lev\u00e9<\/span><\/p>\n<p class=\"brz-text-lg-center brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-ff-lato brz-ft-google brz-fs-lg-23 brz-css-qQz2M\" data-generated-css=\"brz-css-kqffv\" data-uniq-id=\"ycinq\"><span class=\"brz-cp-color7\">Valeur des titres = 75<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-columns brz-css-gERqb brz-css-gUbaG\" data-brz-custom-id=\"tdzyjdhrvdbmlppkatdtokcpzgnuwpvccprb\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-pasMM brz-css-sKH7E\">\n<div id class=\"brz-css-f0Fn6 brz-css-iGRQF brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"jwnfqleevgoccultsktouwqjdaugvqqfvooc\">\n<div data-brz-translate-text=\"1\">\n<h5 class=\"brz-text-lg-center brz-tp-lg-heading5 brz-css-oaAOU\" data-uniq-id=\"mfwvl\" data-generated-css=\"brz-css-wocax\"><strong>Faible  rentabilit\u00e9, forte tr\u00e9sorerie<\/strong><\/h5>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-woa54 brz-wrapper\">\n<div class=\"brz-image brz-css-jfQU4\" data-brz-custom-id=\"cveiijzmgobqwucogbeertzcfoxsqqyyoqjp\"><img decoding=\"async\" class=\"brz-img\" src=\"https:\/\/hytecpartners.com\/shv\/wp-content\/uploads\/brizy\/imgs\/ex1-340x261x0x3x340x255x1641057054.jpg\" alt=\"\" loading=\"lazy\"><\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-tFMma brz-wrapper\">\n<div class=\"brz-spacer brz-css-cKtYm brz-css-jIJCp\"><\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-d4WVE brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"lplxnfgkkuwfylboosjylvetvabdpjoeresf\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-text-lg-center brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-ff-lato brz-ft-google brz-fs-lg-23 brz-css-cIrId\" data-generated-css=\"brz-css-kqicf\" data-uniq-id=\"beqoa\"><span class=\"brz-cp-color7\">Faibles performances <\/span><\/p>\n<p class=\"brz-text-lg-center brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-ff-lato brz-ft-google brz-fs-lg-23 brz-css-p5Zg4\" data-generated-css=\"brz-css-zoyvn\" data-uniq-id=\"isxcy\"><span class=\"brz-cp-color7\">Tr\u00e9sorerie pl\u00e9thorique<\/span><\/p>\n<p class=\"brz-text-lg-center brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-ff-lato brz-ft-google brz-fs-lg-23 brz-css-znw33\" data-generated-css=\"brz-css-gylck\" data-uniq-id=\"cwdim\"><span class=\"brz-cp-color7\">Valeur des titres = 75.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-columns brz-css-gERqb brz-css-kaD3B\" data-brz-custom-id=\"vqjgyudwhxfzffqiysocvorojdlvqrnhkjdm\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-pasMM brz-css-k57KZ\">\n<div id class=\"brz-css-f0Fn6 brz-css-fS__p brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"tttyrcjlwereunmymfbmpodqaeowgsjnufyr\">\n<div data-brz-translate-text=\"1\">\n<h5 class=\"brz-text-lg-center brz-tp-lg-heading5 brz-css-kBpsO\" data-uniq-id=\"hllax\" data-generated-css=\"brz-css-ixtyv\"><strong class=\"brz-cp-color2\">Performance moyenne<\/strong><\/h5>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-image brz-css-bgNdX\" data-brz-custom-id=\"blpphhnbikuayoerhqcgdtfvjvrpipiptogc\"><img decoding=\"async\" class=\"brz-img\" src=\"https:\/\/hytecpartners.com\/shv\/wp-content\/uploads\/brizy\/imgs\/ex3-341x359x0x0x341x359x1641057050.jpg\" alt=\"\" loading=\"lazy\"><\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-ja_Ng brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"sjltadpvtvbueghrozzfbzpolvjjkhzzwbul\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-text-lg-center brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-ff-lato brz-ft-google brz-fs-lg-23 brz-css-c66_n\" data-generated-css=\"brz-css-owgqc\" data-uniq-id=\"kjpvy\"><span class=\"brz-cp-color7\">Performances moindres <\/span><\/p>\n<p class=\"brz-text-lg-center brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-ff-lato brz-ft-google brz-fs-lg-23 brz-css-c9kl9\" data-generated-css=\"brz-css-xpwmz\" data-uniq-id=\"liszs\"><span class=\"brz-cp-color7\">Tr\u00e9sorerie et dettes <\/span><\/p>\n<p class=\"brz-text-lg-center brz-fss-lg-px brz-fw-lg-400 brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-ff-lato brz-ft-google brz-fs-lg-23 brz-css-hQ5MR\" data-generated-css=\"brz-css-epldu\" data-uniq-id=\"nxzci\"><span class=\"brz-cp-color7\">Valeur des titres = 75.<\/span><\/p>\n<p class=\"brz-text-lg-right brz-tp-lg-paragraph brz-css-o3cME\" data-uniq-id=\"szqkv\" data-generated-css=\"brz-css-kethf\"><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"sywljhkcrlqutpuajktdrwasebqscjzpoamz\" class=\"brz-section brz-css-hztrx\">\n<div class=\"brz-section__content brz-section--fullWidth brz-css-u_0Ko brz-css-xMevX\" data-brz-custom-id=\"zjcgxezrksdhhhhwnkmlrlauvowburaiyzfi\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-image\"><\/div>\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-container brz-css-ijm1P brz-css-frcHE\">\n<div id class=\"brz-css-f0Fn6 brz-css-tOANl brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"gdwwwyutfdjksdkuiikpjwiyxxusmfeucdpx\">\n<div data-brz-translate-text=\"1\">\n<h2 class=\"brz-text-lg-center brz-tp-lg-heading2 brz-css-u8wlh\" data-generated-css=\"brz-css-intww\" data-uniq-id=\"mbant\"><span class=\"brz-cp-color7 brz-scp-color5\">Voir les Mod\u00e8les <\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-tFMma brz-wrapper\">\n<div class=\"brz-spacer brz-css-cKtYm\"><\/div>\n<\/div>\n<div class=\"brz-row__container brz-css-hIIlt\" data-brz-custom-id=\"vexzxconjjwqcbrcmrezdgpqzcvcrrjlhvvb\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-css-x4nh_\">\n<div class=\"brz-columns brz-css-gERqb brz-css-xks8a\" data-brz-custom-id=\"hhnxaplqksfsuwajmtvncgebcukikhgtwltw\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-column__items brz-css-pasMM\"><\/div>\n<\/div>\n<div class=\"brz-columns brz-css-gERqb brz-css-ktUaL\" data-brz-custom-id=\"ufjzgitwyztirenufmkivsgtfmmlwwctnxrz\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-pasMM brz-css-qCCQQ\">\n<div class=\"brz-wrapper-clone brz-css-it4P_\">\n<div class=\"brz-d-xs-flex brz-flex-xs-wrap brz-css-ju8oc\" data-brz-custom-id>\n<div class=\"brz-wrapper-clone__item\" id=\"hcbqaxpbodhjyfqlnjlwtdfcewelvtcitqww\">\n<div class=\"brz-icon__container\" data-brz-custom-id=\"hcbqaxpbodhjyfqlnjlwtdfcewelvtcitqww\"><span class=\"brz-icon brz-span brz-css-wfuI0 brz-css-fPjL8\"><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-iy9LH brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"prdtvxgwqlmmxyaamzaszxsotwlfntlqdfwq\">\n<div data-brz-translate-text=\"1\">\n<h5 class=\"brz-text-lg-center brz-ls-lg-0 brz-lh-lg-1_5 brz-tp-lg-empty brz-ff-montserrat brz-ft-google brz-fs-lg-20 brz-fss-lg-px brz-fw-lg-600 brz-mb-lg-0 brz-css-vcRNK\" data-uniq-id=\"sybuf\" data-generated-css=\"brz-css-qyley\"><span class=\"brz-cp-color2\">Performance \u00e9conomique et march\u00e9<\/span><\/h5>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a class=\"brz-a brz-container-link\" href=\"https:\/\/hytecpartners.com\/shv\/?page_id=3601\" target=\"_self\" rel=\"noopener\" data-brz-link-type=\"external\"><\/a><\/div>\n<div class=\"brz-columns brz-css-gERqb brz-css-edoPH\" data-brz-custom-id=\"esudsjtjgrxtfjpymbttvhnybnxghuuzfhij\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-pasMM brz-css-bXs_G\">\n<div class=\"brz-wrapper-clone brz-css-it4P_\">\n<div class=\"brz-d-xs-flex brz-flex-xs-wrap brz-css-ju8oc\" data-brz-custom-id>\n<div class=\"brz-wrapper-clone__item\" id=\"ihiulmwqiwvngxtzuqmbvdgktnxlhklwutql\">\n<div class=\"brz-icon__container\" data-brz-custom-id=\"ihiulmwqiwvngxtzuqmbvdgktnxlhklwutql\"><span class=\"brz-icon brz-span brz-css-wfuI0 brz-css-woa9r\"><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"rdkeeysukffqavuihdchwukaubjcxdbcxkid\">\n<div data-brz-translate-text=\"1\">\n<h5 class=\"brz-text-lg-center brz-ff-montserrat brz-ft-google brz-fs-lg-20 brz-fss-lg-px brz-fw-lg-600 brz-ls-lg-0 brz-lh-lg-1_5 brz-tp-lg-empty brz-css-fRDLN\" data-generated-css=\"brz-css-jqahf\" data-uniq-id=\"wfsag\"><span class=\"brz-cp-color2\">Les Comparables <\/span><\/h5>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-columns brz-css-gERqb brz-css-eCSpc\" data-brz-custom-id=\"miavldlozxegykbybbdocdinqgekeiljwktp\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-pasMM brz-css-k4VI1\">\n<div class=\"brz-wrapper-clone brz-css-it4P_\">\n<div class=\"brz-d-xs-flex brz-flex-xs-wrap brz-css-ju8oc\" data-brz-custom-id>\n<div class=\"brz-wrapper-clone__item\" id=\"rnfdgrkakyuvcaqotkxjwuvamddkpzvmnmjs\">\n<div class=\"brz-icon__container\" data-brz-custom-id=\"rnfdgrkakyuvcaqotkxjwuvamddkpzvmnmjs\"><span class=\"brz-icon brz-span brz-css-wfuI0 brz-css-bbQxc\"><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-ttgRE\" data-brz-custom-id=\"ilafzzhbwibmwfwuddzairuyblxgwyhygfge\">\n<div data-brz-translate-text=\"1\">\n<h5 class=\"brz-text-lg-center brz-ff-montserrat brz-ft-google brz-fs-lg-20 brz-fss-lg-px brz-fw-lg-600 brz-ls-lg-0 brz-lh-lg-1_5 brz-tp-lg-empty brz-css-q4KZf\" data-uniq-id=\"ccske\" data-generated-css=\"brz-css-vfwiw\"><span class=\"brz-cp-color2\">Valorisation Deep Learning<\/span><\/h5>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-columns brz-css-gERqb brz-css-e3e6V\" data-brz-custom-id=\"faegwxwmquiujlrsamaoyovooxedltaporgd\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-column__items brz-css-pasMM\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id class=\"brz-css-f0Fn6 brz-css-tFMma brz-css-eRhCK brz-wrapper\">\n<div class=\"brz-spacer brz-css-cKtYm brz-css-hKg8C\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<p>    <!-- version:1721294817 --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mod\u00e8les de Valorisation Plusieurs angles d&#8217;approche Des approches adapt\u00e9es aux entreprises &#8220;high tech&#8221; Performance \u00e9conomique et march\u00e9 Evaluations bas\u00e9es sur les caract\u00e9ristiques comptable et extra comptables de l&#8217;activit\u00e9. Les mod\u00e8les de performance Les Comparables Comparables cot\u00e9es Par rapprochement avec la capitalisation boursi\u00e8re de soci\u00e9t\u00e9s similaires par leur activit\u00e9 et leur taille. Transactions Comparables Cessions ou [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"visual-builder-template.php","meta":{"footnotes":""},"class_list":["post-447","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mod\u00e8les de Valorisation - Share Value For High Tech Companies<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hytecpartners.com\/shv\/?page_id=447\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mod\u00e8les de Valorisation - Share Value For High Tech Companies\" \/>\n<meta property=\"og:description\" content=\"Mod\u00e8les de Valorisation Plusieurs angles d&#8217;approche Des approches adapt\u00e9es aux entreprises &#8220;high tech&#8221; Performance \u00e9conomique et march\u00e9 Evaluations bas\u00e9es sur les caract\u00e9ristiques comptable et extra comptables de l&#8217;activit\u00e9. 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