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 43,601 - -
Change - -0.46% 11.11% -6.6% 47.51% 15.49% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 81,525 81,244 79,202
Change - 1.87% 8.89% -11.63% 25.38% 35.25% -0.34% -2.51%
P/E - 12.7x 12.1x 11.7x 101x 12.2x 14.5x 12.8x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.43x 1.33x 1.29x
PEG - - 0.7x -3.32x -1.2x 0x -0.9x 0.9x
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 1.81x 1.65x 1.59x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.45x 5x 4.71x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.3x 11.8x 11.1x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 17.2x 15x 13.6x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.8% 6.65% 7.35%
Dividend per Share 2 0.7 0.7 0.7 0.72 0.75 0.7857 0.8196 0.8513
Rate of return 7.44% 7.54% 6.79% 7.48% 5.28% 4.79% 5% 5.19%
EPS 2 - 0.73 0.85 0.82 0.14 1.34 1.13 1.285
Distribution rate - 95.9% 82.4% 87.8% 536% 58.6% 72.6% 66.3%
Net sales 1 42,522 43,471 44,122 40,260 40,396 45,157 49,090 49,945
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,945 16,248 16,807
EBIT 1 7,969 5,943 5,610 5,489 4,568 6,130 6,898 7,104
Net income 1 233 2,146 2,440 2,350 538 3,597 3,062 3,492
Net Debt 1 24,269 25,298 27,002 22,482 22,526 37,924 37,643 35,602
Reference price 2 9.41 9.28 10.30 9.63 14.20 16.40 16.40 16.40
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.46x1.37x4.17x6.85% 228B
10.62x2.53x6.7x5.86% 200B
13.71x2.17x5.6x3.97% 157B
11.7x0.9x3.38x6.71% 82.04B
12.79x1.81x7.73x3.31% 82B
11.38x1.8x4.55x2.77% 69.88B
15.17x2.65x8.29x5.06% 57.96B
22.79x5.15x18.88x4.58% 54.18B
12.15x1.8x5.43x4.82% 49.93B
Average 13.53x 2.24x 7.19x 4.88% 109.06B
Weighted average by Cap. 12.65x 2.07x 6.29x 5.25%

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