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 41,751 - -
Change - -0.46% 11.11% -6.6% 47.51% 10.59% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 80,092 79,471 77,463
Change - 1.87% 8.89% -11.63% 25.38% 32.87% -0.78% -2.53%
P/E - 12.7x 12.1x 11.7x 101x 16.1x 14.1x 12.8x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.36x 1.29x 1.25x
PEG - - 0.7x -3.32x -1.2x 0x 1x 1.34x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.93x 0.85x 0.84x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.79x 1.62x 1.55x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.59x 4.92x 4.63x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.1x 11.5x 10.7x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 19.1x 16.2x 14.5x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.25% 6.19% 6.91%
Dividend per Share 2 0.7 0.7 0.7 0.72 0.75 0.7873 0.8198 0.8514
Rate of return 7.44% 7.54% 6.79% 7.48% 5.28% 5.01% 5.22% 5.42%
EPS 2 - 0.73 0.85 0.82 0.14 0.9743 1.117 1.223
Distribution rate - 95.9% 82.4% 87.8% 536% 80.8% 73.4% 69.6%
Net sales 1 42,522 43,471 44,122 40,260 40,396 44,794 49,053 49,923
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,320 16,162 16,723
EBIT 1 7,969 5,943 5,610 5,489 4,568 6,113 6,905 7,227
Net income 1 233 2,146 2,440 2,350 538 2,588 3,015 3,371
Net Debt 1 24,269 25,298 27,002 22,482 22,526 38,341 37,720 35,712
Reference price 2 9.41 9.28 10.30 9.63 14.20 15.70 15.70 15.70
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.($)
11.01x1.27x3.94x7.28% 216B
8.73x2.32x6.2x6.71% 176B
12.68x2.07x4.77x4.44% 140B
12.88x2.02x5.1x2.42% 78.36B
11.71x1.73x7.4x3.67% 73.76B
11.61x0.75x2.82x6.94% 71.44B
15.52x2.71x8.48x5.08% 57.8B
23.95x5.4x19.71x4.47% 56.23B
14.35x2.62x6.03x4.73% 46.64B
Average 13.61x 2.32x 7.16x 5.08% 101.76B
Weighted average by Cap. 12.34x 2.07x 6.15x 5.56%

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