Company Valuation: Orange

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,775 24,661 27,400 25,593 37,752 42,416 - -
Change - -0.46% 11.11% -6.6% 47.51% 12.35% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 81,023 79,972 77,965
Change - 1.87% 8.89% -11.63% 25.38% 34.42% -1.3% -2.51%
P/E - 12.7x 12.1x 11.7x 101x 15.2x 14.1x 12.9x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.37x 1.3x 1.26x
PEG - - 0.7x -3.32x -1.2x 0x 1.83x 1.36x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.94x 0.87x 0.85x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.8x 1.63x 1.56x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.63x 4.99x 4.7x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.3x 11.6x 10.8x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 19.3x 16x 14.3x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.19% 6.25% 7%
Dividend per Share 2 0.7 0.7 0.7 0.72 0.75 0.7872 0.8196 0.8513
Rate of return 7.44% 7.54% 6.79% 7.48% 5.28% 4.94% 5.14% 5.34%
EPS 2 - 0.73 0.85 0.82 0.14 1.047 1.127 1.235
Distribution rate - 95.9% 82.4% 87.8% 536% 75.2% 72.7% 69%
Net sales 1 42,522 43,471 44,122 40,260 40,396 44,926 49,034 49,898
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,394 16,014 16,584
EBIT 1 7,969 5,943 5,610 5,489 4,568 6,102 6,895 7,196
Net income 1 233 2,146 2,440 2,350 538 2,630 3,058 3,424
Net Debt 1 24,269 25,298 27,002 22,482 22,526 38,608 37,556 35,549
Reference price 2 9.41 9.28 10.30 9.63 14.20 15.95 15.95 15.95
Nbr of stocks (in thousands) 2,631,971 2,657,122 2,659,182 2,658,153 2,658,600 2,659,283 - -
Announcement Date 2/17/22 2/16/23 2/15/24 2/13/25 2/18/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.24x1.8x5.63x4.94% 48.36B
11.22x1.3x4.02x7.14% 220B
8.81x2.33x6.25x6.64% 177B
12.73x2.08x5.47x4.42% 140B
13.14x2.05x5.17x2.37% 79.1B
11.9x1.74x7.46x3.61% 74.86B
11.94x0.76x2.83x6.75% 71.57B
15.54x2.7x8.47x5.06% 57.88B
23.52x5.31x19.39x4.55% 55.15B
14.22x2.6x5.97x4.78% 46.17B
Average 13.83x 2.27x 7.06x 5.03% 97.05B
Weighted average by Cap. 12.56x 2.05x 6.22x 5.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield