ORANGE BELGIUM S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.46 EUR | +1.83% |
|
+2.84% | +7.11% |
| Feb. 09 | Transcript : Orange Belgium S.A., 2023 Earnings Call, Feb 09, 2024 | |
| Feb. 09 | Orange Belgium S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,242 | 1,308 | 1,193 | 1,033 | 809.3 | 866.8 | - | - |
| Enterprise Value (EV) 1 | 1,476 | 1,756 | 1,263 | 1,224 | 3,033 | 947.9 | 830.2 | 2,869 |
| P/E ratio | 36.3 x | 24.2 x | 30.2 x | 17.8 x | - | 13 x | 16.9 x | 16.1 x |
| Yield | 2.9% | 2.29% | - | - | - | 7.78% | 2.94% | 1.04% |
| Capitalization / Revenue | 0.93 x | 0.99 x | 0.87 x | 0.74 x | 0.46 x | 0.48 x | 0.45 x | 0.42 x |
| EV / Revenue | 1.1 x | 1.34 x | 0.93 x | 0.88 x | 1.73 x | 0.53 x | 0.43 x | 1.39 x |
| EV / EBITDA | 4.92 x | 5.43 x | 3.58 x | 3.28 x | 6.72 x | 1.81 x | 1.53 x | 5.24 x |
| EV / FCF | 9.25 x | 15.4 x | 8.89 x | -14.6 x | 41.4 x | 6.16 x | 5.2 x | - |
| FCF Yield | 10.8% | 6.5% | 11.2% | -6.87% | 2.41% | 16.2% | 19.2% | - |
| Price to Book | 2.1 x | 2.13 x | 1.91 x | 1.5 x | 1.22 x | 1.2 x | 1.16 x | 1.12 x |
| Nbr of stocks (in thousands) | 59,978 | 59,978 | 59,945 | 59,945 | 59,945 | 59,945 | - | - |
| Reference price 2 | 20.70 | 21.80 | 19.90 | 17.24 | 13.50 | 14.46 | 14.46 | 14.46 |
| Announcement Date | 2/6/20 | 2/5/21 | 2/11/22 | 2/10/23 | 2/9/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,341 | 1,315 | 1,364 | 1,391 | 1,750 | 1,797 | 1,922 | 2,065 |
| EBITDA 1 | 300.1 | 323.5 | 353 | 373.7 | 451.3 | 523.3 | 544.2 | 547.6 |
| EBIT 1 | 57.7 | 75.7 | 61.3 | 107.8 | 124 | 162 | 171.1 | 163.5 |
| Operating Margin | 4.3% | 5.76% | 4.5% | 7.75% | 7.09% | 9.02% | 8.9% | 7.92% |
| Earnings before Tax (EBT) 1 | 40.7 | 64.1 | 52.5 | 81.6 | -2.2 | 58.3 | 52.13 | 80.93 |
| Net income 1 | 34 | 54 | 39.7 | 58.2 | - | 72.54 | 54.21 | 60.7 |
| Net margin | 2.54% | 4.11% | 2.91% | 4.18% | - | 4.04% | 2.82% | 2.94% |
| EPS 2 | 0.5700 | 0.9000 | 0.6600 | 0.9700 | - | 1.111 | 0.8554 | 0.8969 |
| Free Cash Flow 1 | 159.5 | 114.2 | 142 | -84.1 | 73.2 | 154 | 159.7 | - |
| FCF margin | 11.9% | 8.69% | 10.41% | -6.05% | 4.18% | 8.57% | 8.31% | - |
| FCF Conversion (EBITDA) | 53.15% | 35.3% | 40.23% | - | 16.22% | 29.43% | 29.35% | - |
| FCF Conversion (Net income) | 469.12% | 211.48% | 357.68% | - | - | 212.28% | 294.6% | - |
| Dividend per Share 2 | 0.6000 | 0.5000 | - | - | - | 1.125 | 0.4250 | 0.1500 |
| Announcement Date | 2/6/20 | 2/5/21 | 2/11/22 | 2/10/23 | 2/9/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 S1 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 346.3 | 361.4 | - | 677.3 | - | - | 713.9 | 740.5 |
| EBITDA | 96.7 | 95.1 | - | 166.8 | - | - | 206.9 | 178.8 |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | 18 | 14.4 | 13.35 | 26.7 | 15.75 | - | 31.5 | - |
| Net margin | 5.2% | 3.98% | - | 3.94% | - | - | 4.41% | - |
| EPS | 0.3000 | 0.2400 | 0.2200 | - | 0.2600 | - | - | - |
| Dividend per Share 1 | - | - | - | - | - | - | - | - |
| Announcement Date | 10/21/21 | 2/11/22 | 7/22/22 | 7/22/22 | 2/10/23 | 2/10/23 | 2/10/23 | 7/20/23 |
1EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 234 | 448 | 69.6 | 191 | 2,224 | 81.1 | - | 2,002 |
| Net Cash position 1 | - | - | - | - | - | - | 36.6 | - |
| Leverage (Debt/EBITDA) | 0.7807 x | 1.386 x | 0.1972 x | 0.5103 x | 4.928 x | 0.155 x | - | 3.657 x |
| Free Cash Flow 1 | 160 | 114 | 142 | -84.1 | 73.2 | 154 | 160 | - |
| ROE (net income / shareholders' equity) | 7.61% | 9.84% | 6.41% | 8.86% | 6.68% | 9.54% | 6.79% | 6.63% |
| ROA (Net income/ Total Assets) | 2.75% | 3.34% | 2.33% | 3.35% | 1.45% | 0.22% | 0.47% | 0.73% |
| Assets 1 | 1,236 | 1,616 | 1,706 | 1,735 | - | 32,406 | 11,531 | 8,280 |
| Book Value Per Share 2 | 9.870 | 10.20 | 10.40 | 11.50 | 11.10 | 12.00 | 12.50 | 12.90 |
| Cash Flow per Share 2 | 5.660 | 4.870 | 6.140 | 6.500 | 6.290 | 6.920 | 7.760 | 7.970 |
| Capex 1 | 180 | 178 | 226 | 474 | 304 | 313 | 320 | 337 |
| Capex / Sales | 13.44% | 13.51% | 16.57% | 34.04% | 17.38% | 17.43% | 16.64% | 16.31% |
| Announcement Date | 2/6/20 | 2/5/21 | 2/11/22 | 2/10/23 | 2/9/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
14.46
EUR
Average target price
18.4
EUR
Spread / Average Target
+27.25%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.11% | 925M | |
| +28.33% | 94.52B | |
| +6.76% | 56.67B | |
| -11.97% | 23.64B | |
| -16.38% | 20.55B | |
| -12.50% | 11.16B | |
| +5.61% | 10.64B | |
| +2.45% | 10.28B | |
| +0.88% | 8.9B | |
| -25.24% | 8.29B |
- Stock Market
- Equities
- OBEL Stock
- Financials Orange Belgium S.A.
