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 43,375 - -
Change - -0.46% 11.11% -6.6% 47.51% 14.89% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 80,013 80,206 78,103
Change - 1.87% 8.89% -11.63% 25.38% 32.74% 0.24% -2.62%
P/E - 12.7x 12.1x 11.7x 101x 13.2x 14.4x 12.7x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.43x 1.33x 1.28x
PEG - - 0.7x -3.32x -1.2x 0x -1.85x 0.9x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.96x 0.88x 0.87x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.77x 1.63x 1.57x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.48x 5x 4.72x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13x 11.9x 10.7x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 19.8x 16.1x 14.6x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.06% 6.21% 6.85%
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% 4.83% 5.02% 5.22%
EPS 2 - 0.73 0.85 0.82 0.14 1.232 1.136 1.289
Distribution rate - 95.9% 82.4% 87.8% 536% 64% 72.1% 66%
Net sales 1 42,522 43,471 44,122 40,260 40,396 45,107 49,062 49,892
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,596 16,028 16,540
EBIT 1 7,969 5,943 5,610 5,489 4,568 6,172 6,734 7,292
Net income 1 233 2,146 2,440 2,350 538 3,255 3,090 3,517
Net Debt 1 24,269 25,298 27,002 22,482 22,526 36,638 36,832 34,728
Reference price 2 9.41 9.28 10.30 9.63 14.20 16.32 16.32 16.32
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 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.($)
11.57x1.36x4.22x6.83% 232B
10.23x2.48x6.56x6.08% 193B
13.38x2.15x5.59x4.11% 152B
11.85x0.85x3.19x6.71% 79.77B
12.06x1.75x7.49x3.57% 78.06B
11.97x1.91x4.83x2.65% 72.48B
15.4x2.73x8.58x5.07% 57.9B
23.41x5.26x18.69x4.6% 55.43B
15.41x2.75x6.26x4.48% 49.72B
Average 13.92x 2.36x 7.27x 4.9% 107.81B
Weighted average by Cap. 12.78x 2.11x 6.32x 5.32%

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