1 2

Elmts/ Annees 2021 2022 2023

EBE 536 571
IS/EBE -138 -149
Variation BFR -281 -13
Investissement -82 -79
FCF 1037 812
CF Act 960.10 696.03
Valeur Terminal
Valeur Terminal Act
Endettement Net
taux d’actualisation3 8.01 %
Valeur de l'E/SE
somme des CF Act 3,826.11
Valeur Terminal Act 8,422.15
Endettement Net 118.00
Valeur DCF de L'E/se 12,366.26
Reel 2022
EBE 360.68
IS/EBE 97.3836
Variation BFR
Investissement 121
FCF
CF Act
Valeur Terminal
Valeur Terminal Act
Endettement Net
 3 4 5 6
2024 2025 2026 2027
612 652 677 702
-161 -172 -179 -188
-85 -97 -84 -77
-78 -77 -80 -78
936 998 1020 1045
742.82 733.29 693.87 658.16
13372.3220661673
8422.15115090644

1,544,293,987.31
1,265,043,087.92
Variation BFR 0.22

-95,676
352,153
-0.271688726207075
 2,022 2021
dette fin 71,976,428 85,214,917
Dispo 26,607,513.40 203,402,926.31
VMP
end net 45,368,914.92 -118,188,008.85 188008.85

C.P 1,308,388,000.0
Dette f

R.F 4.21%
IS 35%
prime 10.65
-118