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 43,652 - -
Change - -0.46% 11.11% -6.6% 47.51% 15.63% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 81,893 80,465 78,371
Change - 1.87% 8.89% -11.63% 25.38% 35.86% -1.74% -2.6%
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 0.87x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.82x 1.64x 1.57x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.71x 5.03x 4.73x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.8x 12.5x 10.9x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 19.6x 15.9x 14.5x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.1% 6.28% 6.9%
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% 4.8% 4.99% 5.19%
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 38,241 36,813 34,719
Reference price 2 9.41 9.28 10.30 9.63 14.20 16.42 16.42 16.42
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.($)
11.58x1.36x4.22x6.83% 231B
10.44x2.5x6.62x5.97% 197B
13.43x2.13x5.55x4.17% 148B
12.06x0.84x3.14x6.59% 78.4B
12.93x2.01x5.1x2.45% 77.26B
12.32x1.77x7.57x3.49% 76.79B
15.46x2.69x8.42x5.09% 57.58B
23.79x5.36x19.57x4.5% 55.89B
14.28x2.57x5.93x4.72% 46.88B
Average 14.03x 2.36x 7.35x 4.87% 107.6B
Weighted average by Cap. 12.90x 2.12x 6.38x 5.27%

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