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 44,623 - -
Change - -0.46% 11.11% -6.6% 47.51% 18.2% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 82,810 82,199 80,196
Change - 1.87% 8.89% -11.63% 25.38% 37.38% -0.74% -2.44%
P/E - 12.7x 12.1x 11.7x 101x 17.1x 15x 13.7x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.46x 1.38x 1.34x
PEG - - 0.7x -3.32x -1.2x 0x 1.1x 1.46x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 1x 0.91x 0.89x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.85x 1.68x 1.61x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.8x 5.11x 4.82x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.6x 11.9x 11.1x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 19.7x 16.8x 15x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.06% 5.96% 6.65%
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% 4.69% 4.88% 5.07%
EPS 2 - 0.73 0.85 0.82 0.14 0.9818 1.121 1.226
Distribution rate - 95.9% 82.4% 87.8% 536% 80.2% 73.1% 69.4%
Net sales 1 42,522 43,471 44,122 40,260 40,396 44,709 49,045 49,906
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,289 16,102 16,635
EBIT 1 7,969 5,943 5,610 5,489 4,568 6,108 6,889 7,200
Net income 1 233 2,146 2,440 2,350 538 2,675 3,089 3,378
Net Debt 1 24,269 25,298 27,002 22,482 22,526 38,187 37,576 35,573
Reference price 2 9.41 9.28 10.30 9.63 14.20 16.78 16.78 16.78
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 A 2/16/23 A 2/15/24 A 2/13/25 A 2/18/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.65x2.45x6.57x6.07% 184B
13.09x2.1x5.53x4.3% 136B
13.11x2.05x5.16x2.37% 79.97B
11.46x1.72x7.3x3.75% 73.44B
15.63x2.72x8.53x5.04% 58.2B
16.87x5.42x19.66x4.26% 56.33B
14.12x2.59x5.94x4.81% 45.89B
23.4x3.28x7.24x4.25% 40.53B
25.04x3.05x8.13x4.08% 39.35B
Average 15.82x 2.82x 8.23x 4.33% 79.37B
Weighted average by Cap. 13.85x 2.61x 7.56x 4.56%

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