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 43,360 - -
Change - -0.46% 11.11% -6.6% 47.51% 14.85% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 80,216 78,617 76,526
Change - 1.87% 8.89% -11.63% 25.38% 33.08% -1.99% -2.66%
P/E - 12.7x 12.1x 11.7x 101x 15.9x 15.1x 13.3x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.4x 1.33x 1.29x
PEG - - 0.7x -3.32x -1.2x 0x 2.94x 1x
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 1.78x 1.6x 1.53x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.59x 4.92x 4.62x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.6x 12.2x 10.7x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 19.2x 15.6x 14.1x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.2% 6.43% 7.07%
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% 4.83% 5.03% 5.22%
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 36,857 35,258 33,166
Reference price 2 9.41 9.28 10.30 9.63 14.20 16.30 16.30 16.30
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 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.($)
16.05x1.79x5.62x4.78% 50.12B
11.26x1.3x4.04x7.12% 222B
8.86x2.34x6.28x6.64% 177B
13.43x2.12x5.56x4.25% 146B
12.99x2.03x5.11x2.41% 78.93B
11.96x1.75x7.48x3.6% 75.55B
12.15x0.79x2.93x6.63% 74.1B
15.44x2.69x8.41x5.09% 57.49B
23.9x5.38x19.66x4.48% 56.23B
15.06x2.67x6.13x4.51% 48.92B
Average 14.11x 2.29x 7.12x 4.95% 98.7B
Weighted average by Cap. 12.81x 2.07x 6.26x 5.41%

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