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 43,680 - -
Change - -0.46% 11.11% -6.6% 47.51% 15.7% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 80,259 80,440 78,334
Change - 1.87% 8.89% -11.63% 25.38% 33.15% 0.23% -2.62%
P/E - 12.7x 12.1x 11.7x 101x 14.4x 14.4x 12.7x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.44x 1.34x 1.29x
PEG - - 0.7x -3.32x -1.2x 0x -28.23x 0.9x
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 1.78x 1.64x 1.57x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.5x 5.02x 4.74x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.1x 11.9x 10.7x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 19.8x 16.2x 14.6x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.04% 6.19% 6.83%
Dividend per Share 2 0.7 0.7 0.7 0.72 0.75 0.7882 0.8196 0.8513
Rate of return 7.44% 7.54% 6.79% 7.48% 5.28% 4.8% 4.99% 5.18%
EPS 2 - 0.73 0.85 0.82 0.14 1.145 1.139 1.291
Distribution rate - 95.9% 82.4% 87.8% 536% 68.9% 72% 65.9%
Net sales 1 42,522 43,471 44,122 40,260 40,396 45,083 49,033 49,847
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,596 16,035 16,541
EBIT 1 7,969 5,943 5,610 5,489 4,568 6,129 6,765 7,289
Net income 1 233 2,146 2,440 2,350 538 2,976 3,099 3,522
Net Debt 1 24,269 25,298 27,002 22,482 22,526 36,578 36,759 34,654
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 2,657,769 - -
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.($)
11.7x1.38x4.28x6.75% 235B
10.43x2.51x6.63x5.96% 197B
13.7x2.17x5x4.02% 155B
12.18x0.89x3.33x6.53% 82.69B
12.18x1.76x7.53x3.54% 79.23B
12.44x1.96x4.96x2.55% 74.89B
15.52x2.75x8.65x5.03% 58.34B
23.68x5.32x19.43x4.56% 55.98B
14.9x2.67x6.08x4.63% 48.07B
Average 14.08x 2.38x 7.32x 4.84% 109.53B
Weighted average by Cap. 12.96x 2.13x 6.30x 5.24%

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