{"id":2756,"date":"2026-09-12T16:30:54","date_gmt":"2026-09-12T14:30:54","guid":{"rendered":"https:\/\/www.auditia.ma\/?p=2756"},"modified":"2026-07-06T15:35:02","modified_gmt":"2026-07-06T13:35:02","slug":"evaluation-actions-techniques-valeur","status":"publish","type":"post","link":"https:\/\/www.auditia.ma\/en\/evaluation-actions-techniques-valeur\/","title":{"rendered":"\u00c9valuation des actions : techniques \u00e0 conna\u00eetre"},"content":{"rendered":"

L\u2019\u00e9valuation des actions<\/strong> est une discipline centrale en finance d’entreprise et en gestion de portefeuille. Que ce soit pour un investisseur particulier qui s\u00e9lectionne ses titres, un gestionnaire qui construit son portefeuille, ou un analyste qui \u00e9met des recommandations, ma\u00eetriser les techniques d’\u00e9valuation est indispensable.<\/p>\n

Le principe fondamental : valeur intrins\u00e8que vs cours<\/h2>\n

L’\u00e9valuation cherche \u00e0 d\u00e9terminer la valeur intrins\u00e8que<\/strong> d’une action, ind\u00e9pendamment de son cours actuel. La th\u00e9orie sugg\u00e8re qu’\u00e0 long terme, le cours converge vers la valeur intrins\u00e8que. Les \u00e9carts entre cours et valeur intrins\u00e8que cr\u00e9ent des opportunit\u00e9s d’investissement : achat quand le cours est en de\u00e7\u00e0, vente ou conservation prudente quand il s’\u00e9carte significativement au-dessus.<\/p>\n

L’approche par les dividendes (mod\u00e8le de Gordon-Shapiro)<\/h2>\n

Visit mod\u00e8le de Gordon-Shapiro<\/strong> suppose une croissance r\u00e9guli\u00e8re des dividendes \u00e0 un taux constant. La formule : Valeur de l’action = Dividende anticip\u00e9 \/ (Co\u00fbt des fonds propres – Taux de croissance)<\/strong>. Ce mod\u00e8le est \u00e9l\u00e9gant mais limit\u00e9 : il suppose une croissance perp\u00e9tuelle stable, hypoth\u00e8se rarement v\u00e9rifi\u00e9e. Il convient mieux aux entreprises matures distribuant r\u00e9guli\u00e8rement des dividendes.<\/p>\n

L’approche par les flux de tr\u00e9sorerie actualis\u00e9s<\/h2>\n

Comme pour l’business valuation<\/a>, the DCF<\/strong> permet d’estimer la valeur des fonds propres. Deux variantes : le DCF entreprise calcule d’abord la valeur d’entreprise puis d\u00e9duit la dette, le DCF equity actualise directement les flux disponibles pour les actionnaires. Cette m\u00e9thode capture la dimension prospective et s’adapte \u00e0 des profils de croissance vari\u00e9s. Elle n\u00e9cessite cependant des projections fiables et un co\u00fbt du capital correctement estim\u00e9.<\/p>\n

La m\u00e9thode des comparables : PER et autres multiples<\/h2>\n

L’approche par les multiples utilise des ratios observ\u00e9s sur des entreprises comparables. Le PER<\/strong> (cours\/b\u00e9n\u00e9fice par action) est le plus utilis\u00e9. Un PER de 15 signifie que les investisseurs valorisent l’action \u00e0 15 fois le b\u00e9n\u00e9fice annuel. D’autres multiples compl\u00e8tent l’analyse : Price to Book (cours\/valeur comptable), Price to Sales (cours\/chiffre d’affaires), Price to Cash Flow. Le choix du multiple d\u00e9pend du secteur et du profil de l’entreprise.<\/p>\n

Les ratios EV\/EBITDA et EV\/EBIT<\/h2>\n

Les multiples bas\u00e9s sur la valeur d’entreprise (EV) sont souvent pr\u00e9f\u00e9r\u00e9s au PER pour comparer des entreprises de structures financi\u00e8res diff\u00e9rentes. EV\/EBITDA<\/strong> neutralise les politiques d’amortissement et de financement. EV\/EBIT<\/strong> int\u00e8gre la politique d’amortissement. Ces ratios sont particuli\u00e8rement utiles pour comparer des soci\u00e9t\u00e9s du m\u00eame secteur.<\/p>\n

L’analyse fondamentale : au-del\u00e0 des chiffres<\/h2>\n

L’\u00e9valuation purement chiffr\u00e9e est insuffisante. L’analyse fondamentale<\/strong> int\u00e8gre plusieurs dimensions qualitatives. La qualit\u00e9 du management et de la gouvernance. La solidit\u00e9 du business model et des avantages concurrentiels. La position concurrentielle et les barri\u00e8res \u00e0 l’entr\u00e9e. Les perspectives sectorielles et macro\u00e9conomiques. La strat\u00e9gie de croissance et la qualit\u00e9 de son ex\u00e9cution. Ces facteurs justifient parfois des primes ou d\u00e9cotes significatives.<\/p>\n

L’analyse technique : une approche diff\u00e9rente<\/h2>\n

Distincte de l’analyse fondamentale, l’analyse technique<\/strong> \u00e9tudie l’\u00e9volution des cours et des volumes pour anticiper les mouvements futurs. Elle s’appuie sur des indicateurs (moyennes mobiles, RSI, MACD) et des configurations graphiques. Si cette approche est contest\u00e9e par certains acad\u00e9miciens, elle reste largement utilis\u00e9e par les traders et certains gestionnaires. Elle compl\u00e8te utilement l’analyse fondamentale.<\/p>\n

L’\u00e9valuation des soci\u00e9t\u00e9s \u00e0 fort potentiel de croissance<\/h2>\n

Les m\u00e9thodes classiques sont parfois inadapt\u00e9es aux jeunes entreprises ou aux start-ups. Pour ces soci\u00e9t\u00e9s, plusieurs approches sp\u00e9cifiques existent. La m\u00e9thode des \u00e9tapes (premier round, second round) refl\u00e8te la progression du financement. Les multiples sp\u00e9cifiques (chiffre d’affaires r\u00e9current, nombre d’utilisateurs) capturent la valeur en l’absence de b\u00e9n\u00e9fices. L’approche par les options r\u00e9elles valorise la flexibilit\u00e9 strat\u00e9gique. Ces \u00e9valuations n\u00e9cessitent une expertise pointue.<\/p>\n

Les facteurs de risque \u00e0 analyser<\/h2>\n

L’\u00e9valuation doit int\u00e9grer une analyse rigoureuse des risques. Risques sectoriels : maturit\u00e9, concurrence, perturbations technologiques. Risques op\u00e9rationnels : d\u00e9pendance fournisseurs, clients, salari\u00e9s cl\u00e9s. Risques financiers : endettement, g\u00e9n\u00e9ration de cash. Risques r\u00e9glementaires : \u00e9volutions de l’environnement l\u00e9gal. Risques ESG (environnementaux, sociaux, gouvernance) : de plus en plus int\u00e9gr\u00e9s dans les \u00e9valuations. Ces risques peuvent justifier des d\u00e9cotes significatives.<\/p>\n

Les sp\u00e9cificit\u00e9s du march\u00e9 marocain<\/h2>\n

L’\u00e9valuation des actions marocaines<\/strong> pr\u00e9sente quelques particularit\u00e9s. La taille relativement modeste de la Bourse de Casablanca limite parfois la liquidit\u00e9. Les multiples sectoriels marocains peuvent diff\u00e9rer des standards internationaux. La prime de risque pays s’ajoute aux calculs. L’environnement r\u00e9glementaire et fiscal influence certaines valorisations. Une connaissance fine du march\u00e9 local est pr\u00e9cieuse pour des \u00e9valuations pertinentes.<\/p>\n

L’approche disciplin\u00e9e : combiner les m\u00e9thodes<\/h2>\n

La meilleure pratique consiste \u00e0 combiner plusieurs m\u00e9thodes pour obtenir une fourchette de valeur d\u00e9fendable. Les divergences entre m\u00e9thodes invitent \u00e0 analyser leurs causes : diff\u00e9rences d’hypoth\u00e8ses, particularit\u00e9s de l’entreprise, biais d’\u00e9valuation. Cette triangulation renforce la robustesse de l’analyse et permet d’identifier les facteurs cl\u00e9s de valeur.<\/p>\n

Cabinet AUDITIA accompagne les investisseurs, les soci\u00e9t\u00e9s cot\u00e9es et les analystes \u00e0 Casablanca dans toutes leurs probl\u00e9matiques d’\u00e9valuation d’actions<\/strong> : analyses fondamentales, valorisations DCF, \u00e9tudes comparatives, due diligence d’investissement<\/a>.<\/p>\n

Contact us<\/a> pour b\u00e9n\u00e9ficier d’une expertise approfondie en \u00e9valuation d’actions.<\/p>","protected":false},"excerpt":{"rendered":"

L’\u00e9valuation des actions est une discipline centrale en finance d’entreprise et en gestion de portefeuille. Que ce soit pour un investisseur particulier qui s\u00e9lectionne ses titres, un gestionnaire qui construit son portefeuille, ou un analyste qui \u00e9met des recommandations, ma\u00eetriser les techniques d’\u00e9valuation est indispensable. Le principe fondamental : valeur intrins\u00e8que vs cours L’\u00e9valuation cherche […]<\/p>","protected":false},"author":1,"featured_media":2794,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-2756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gestion"],"yoast_head":"\n\u00c9valuation des actions : techniques \u00e0 conna\u00eetre - Auditia<\/title>\n<meta name=\"description\" content=\"D\u00e9couvrez les principales techniques d\u2019\u00e9valuation des actions : valeur intrins\u00e8que, DCF, dividendes, PER, multiples et analyse fondamentale.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.auditia.ma\/en\/evaluation-actions-techniques-valeur\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00c9valuation des actions : techniques \u00e0 conna\u00eetre - Auditia\" \/>\n<meta property=\"og:description\" content=\"D\u00e9couvrez les principales techniques d\u2019\u00e9valuation des actions : valeur intrins\u00e8que, DCF, dividendes, PER, multiples et analyse fondamentale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.auditia.ma\/en\/evaluation-actions-techniques-valeur\/\" \/>\n<meta property=\"og:site_name\" content=\"Auditia\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-12T14:30:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/action-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin-auditia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin-auditia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/\"},\"author\":{\"name\":\"admin-auditia\",\"@id\":\"https:\/\/www.auditia.ma\/#\/schema\/person\/8e18b40d1af296ecdd8705841950f70a\"},\"headline\":\"\u00c9valuation des actions : techniques \u00e0 conna\u00eetre\",\"datePublished\":\"2026-09-12T14:30:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/\"},\"wordCount\":938,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.auditia.ma\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/action-scaled.jpg\",\"articleSection\":[\"Gestion\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/\",\"url\":\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/\",\"name\":\"\u00c9valuation des actions : techniques \u00e0 conna\u00eetre - Auditia\",\"isPartOf\":{\"@id\":\"https:\/\/www.auditia.ma\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/action-scaled.jpg\",\"datePublished\":\"2026-09-12T14:30:54+00:00\",\"description\":\"D\u00e9couvrez les principales techniques d\u2019\u00e9valuation des actions : valeur intrins\u00e8que, DCF, dividendes, PER, multiples et analyse fondamentale.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#primaryimage\",\"url\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/action-scaled.jpg\",\"contentUrl\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/action-scaled.jpg\",\"width\":2560,\"height\":1707},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/www.auditia.ma\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u00c9valuation des actions : techniques \u00e0 conna\u00eetre\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.auditia.ma\/#website\",\"url\":\"https:\/\/www.auditia.ma\/\",\"name\":\"Auditia\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.auditia.ma\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.auditia.ma\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.auditia.ma\/#organization\",\"name\":\"Auditia\",\"url\":\"https:\/\/www.auditia.ma\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.auditia.ma\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2025\/10\/Vector.png\",\"contentUrl\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2025\/10\/Vector.png\",\"width\":316,\"height\":96,\"caption\":\"Auditia\"},\"image\":{\"@id\":\"https:\/\/www.auditia.ma\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.auditia.ma\/#\/schema\/person\/8e18b40d1af296ecdd8705841950f70a\",\"name\":\"admin-auditia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.auditia.ma\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8fa89a8282643617e2a3ad4fe28dd1e574de5116ad4b99dff69da59713e2575a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8fa89a8282643617e2a3ad4fe28dd1e574de5116ad4b99dff69da59713e2575a?s=96&d=mm&r=g\",\"caption\":\"admin-auditia\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u00c9valuation des actions : techniques \u00e0 conna\u00eetre - Auditia","description":"D\u00e9couvrez les principales techniques d\u2019\u00e9valuation des actions : valeur intrins\u00e8que, DCF, dividendes, PER, multiples et analyse fondamentale.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.auditia.ma\/en\/evaluation-actions-techniques-valeur\/","og_locale":"en_US","og_type":"article","og_title":"\u00c9valuation des actions : techniques \u00e0 conna\u00eetre - Auditia","og_description":"D\u00e9couvrez les principales techniques d\u2019\u00e9valuation des actions : valeur intrins\u00e8que, DCF, dividendes, PER, multiples et analyse fondamentale.","og_url":"https:\/\/www.auditia.ma\/en\/evaluation-actions-techniques-valeur\/","og_site_name":"Auditia","article_published_time":"2026-09-12T14:30:54+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/action-scaled.jpg","type":"image\/jpeg"}],"author":"admin-auditia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin-auditia","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#article","isPartOf":{"@id":"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/"},"author":{"name":"admin-auditia","@id":"https:\/\/www.auditia.ma\/#\/schema\/person\/8e18b40d1af296ecdd8705841950f70a"},"headline":"\u00c9valuation des actions : techniques \u00e0 conna\u00eetre","datePublished":"2026-09-12T14:30:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/"},"wordCount":938,"commentCount":0,"publisher":{"@id":"https:\/\/www.auditia.ma\/#organization"},"image":{"@id":"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#primaryimage"},"thumbnailUrl":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/action-scaled.jpg","articleSection":["Gestion"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/","url":"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/","name":"\u00c9valuation des actions : techniques \u00e0 conna\u00eetre - Auditia","isPartOf":{"@id":"https:\/\/www.auditia.ma\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#primaryimage"},"image":{"@id":"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#primaryimage"},"thumbnailUrl":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/action-scaled.jpg","datePublished":"2026-09-12T14:30:54+00:00","description":"D\u00e9couvrez les principales techniques d\u2019\u00e9valuation des actions : valeur intrins\u00e8que, DCF, dividendes, PER, multiples et analyse fondamentale.","breadcrumb":{"@id":"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#primaryimage","url":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/action-scaled.jpg","contentUrl":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/action-scaled.jpg","width":2560,"height":1707},{"@type":"BreadcrumbList","@id":"https:\/\/www.auditia.ma\/evaluation-actions-techniques-valeur\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.auditia.ma\/"},{"@type":"ListItem","position":2,"name":"\u00c9valuation des actions : techniques \u00e0 conna\u00eetre"}]},{"@type":"WebSite","@id":"https:\/\/www.auditia.ma\/#website","url":"https:\/\/www.auditia.ma\/","name":"international tax","description":"","publisher":{"@id":"https:\/\/www.auditia.ma\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.auditia.ma\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.auditia.ma\/#organization","name":"international tax","url":"https:\/\/www.auditia.ma\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.auditia.ma\/#\/schema\/logo\/image\/","url":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2025\/10\/Vector.png","contentUrl":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2025\/10\/Vector.png","width":316,"height":96,"caption":"Auditia"},"image":{"@id":"https:\/\/www.auditia.ma\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.auditia.ma\/#\/schema\/person\/8e18b40d1af296ecdd8705841950f70a","name":"admin-auditia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.auditia.ma\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8fa89a8282643617e2a3ad4fe28dd1e574de5116ad4b99dff69da59713e2575a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8fa89a8282643617e2a3ad4fe28dd1e574de5116ad4b99dff69da59713e2575a?s=96&d=mm&r=g","caption":"admin-auditia"}}]}},"_links":{"self":[{"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/posts\/2756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/comments?post=2756"}],"version-history":[{"count":1,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/posts\/2756\/revisions"}],"predecessor-version":[{"id":2762,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/posts\/2756\/revisions\/2762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/media\/2794"}],"wp:attachment":[{"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/media?parent=2756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/categories?post=2756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/tags?post=2756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}