EVALUATION DU PROJET

Taux d'actualisation=taux d'intérêt de la banque BMOI 11.75%

RUBRIQUES 2024 2025

Résultat net 331,988,207.77 249,443,996.00
Amortissement 167,083,573.33 167,083,573.33
CASH-FLOW 499,071,781.10 416,527,569.33
CUMUL DE CASH-FLOW 499,071,781.10 915,599,350.43
Coefficient d'actualisation 0.89 0.80
CASH-FLOW ACTUALISES 446,596,672.12 333,540,586.72
CUMUL DE CASH-FLOW ACTUALISES 446,596,672.12 780,137,258.85
Investissement initial 1,421,738,700.00
Valeur actuelle nette 70,399,770.16
Indice de profitabilité 1.04951667289939
Délai de récupération des capitaux investis
1ère Option 4 ans, 8 mois et 5 jours
2ème Option 3 ans, 5 mois et un jour
Taux de rentabilité interne 0.1383160076953
Marges de sécurité 2.0816007695288%

Valeur Actuelle Nette ou VAN = ∑MBA (1+i)⁻ⁿ - I₀

VAN = 70,399,770.16
VAN > 0

Indice de profitabilité IP (taux de marge)

IP=∑MBA (1+i)⁻ⁿ/ I₀
IP= 1.04951667289939
IP> 1

IM=IP-1 = 0.049516672899392

Délai de récupération DR
1ère Option
I₀= 1,421,738,700.00
1,269,628,236.42 < 1 421 738 700<

DR-4/5-4 = 1 421 738 700-1 269 628 236,42 / 1 492 138 470,16
DR= 4.68361109072228
DR= 4 ans, 8 mois et 5 jours

2ème Option
I₀= 1,421,738,700.00
1,262,554,436.20 < 1 421 738 700<
 DR-3/4-3= 1 421 738 700 - 1 262 554 436,20 / 1 638 201 653,21
DR= 3.4237599976577
DR= 3 ans, 5 mois et un jour

Taux de rentabilité
I₀= 1,421,738,700.00
VAN⁺<0<VAN⁻
t₂<TRI<t₁

t= 13.80%

RUBRIQUES 2024 2025

CASH-FLOW 499,071,781.10 416,527,569.33
Coefficient d'actualisation 0.88 0.77
CASH-FLOW ACTUALISES 438,551,652.99 321,631,982.64
CUMUL CASH-FLOW ACTUALISES 438,551,652.99 760,183,635.63

t= 13.90%

RUBRIQUES 2024 2025

CASH-FLOW 499,071,781.10 416,527,569.33
Coefficient d'actualisation 0.88 0.77
CASH-FLOW ACTUALISES 438,166,620.81 321,067,468.52
CUMUL CASH-FLOW ACTUALISES 438,166,620.81 759,234,089.33

Interpolation
0,13>TRI>0,14
1,025,438.05 <0<

(TRI - 0,13) / (0 - 1 025 438,05)= (0,14 - 0,13)/ (-2 219 540,05- 1 025 438,0

TRI= 0.1383160076953
 2026 2027 2028
179,871,512.44 209,496,977.01 222,881,762.47
167,083,573.33 166,150,240.00 164,900,240.00
346,955,085.77 375,647,217.01 387,782,002.47
1,262,554,436.20 1,638,201,653.21 2,025,983,655.67
0.72 0.64 0.57
248,616,908.90 240,874,068.67 222,510,233.74
1,028,754,167.74 1,269,628,236.42 1,492,138,470.16

∑MBA (1+i)⁻ⁿ - I₀
51 52
23 -5

1,492,138,470.16

700-1 269 628 236,42 / 1 492 138 470,16-1 269 628 236,42

ois et 5 jours

1,638,201,653.21
700 - 1 262 554 436,20 / 1 638 201 653,21 - 1 262 554 436,20

ois et un jour

2026 2027 2028

346,955,085.77 375,647,217.01 387,782,002.47
0.68 0.60 0.52
235,421,689.30 223,980,973.27 203,177,839.85
995,605,324.93 1,219,586,298.20 1,422,764,138.05

TRI= 1,025,438.049399

2026 2027 2028

346,955,085.77 375,647,217.01 387,782,002.47
0.68 0.59 0.52
234,802,158.86 223,195,420.42 202,287,491.35
994,036,248.18 1,217,231,668.60 1,419,519,159.95

TRI= - 2,219,540.0466740

- 2,219,540.05

(0,14 - 0,13)/ (-2 219 540,05- 1 025 438,05)

11.75%