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 43,705 - -
Change - -0.46% 11.11% -6.6% 47.51% 15.77% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 80,562 78,963 76,871
Change - 1.87% 8.89% -11.63% 25.38% 33.65% -1.98% -2.65%
P/E - 12.7x 12.1x 11.7x 101x 16x 15.2x 13.4x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.41x 1.34x 1.3x
PEG - - 0.7x -3.32x -1.2x 0x 2.96x 1x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.97x 0.89x 0.88x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.79x 1.61x 1.54x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.61x 4.94x 4.64x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.6x 12.3x 10.7x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 19.3x 15.6x 14.2x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.18% 6.4% 7.04%
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% 4.79% 4.99% 5.18%
EPS 2 - 0.73 0.85 0.82 0.14 1.026 1.079 1.224
Distribution rate - 95.9% 82.4% 87.8% 536% 76.7% 76% 69.5%
Net sales 1 42,522 43,471 44,122 40,260 40,396 44,949 49,003 49,903
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,348 15,995 16,563
EBIT 1 7,969 5,943 5,610 5,489 4,568 5,916 6,430 7,160
Net income 1 233 2,146 2,440 2,350 538 2,580 2,890 3,372
Net Debt 1 24,269 25,298 27,002 22,482 22,526 36,857 35,258 33,166
Reference price 2 9.41 9.28 10.30 9.63 14.20 16.44 16.44 16.44
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.39x1.32x4.09x7.04% 227B
9.11x2.38x6.37x6.47% 182B
13.7x2.13x5.55x4.17% 148B
13.45x2.04x5.17x2.39% 78.29B
12.16x0.82x3.08x6.63% 79.89B
12.03x1.75x7.5x3.57% 75.71B
15.48x2.69x8.43x5.08% 57.57B
23.9x5.38x19.65x4.48% 55.62B
14.78x2.63x6.04x4.6% 47.73B
Average 14.00x 2.35x 7.32x 4.94% 105.75B
Weighted average by Cap. 12.75x 2.09x 6.30x 5.4%

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