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 44,039 - -
Change - -0.46% 11.11% -6.6% 47.51% 16.65% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 81,326 81,020 78,900
Change - 1.87% 8.89% -11.63% 25.38% 34.92% -0.38% -2.62%
P/E - 12.7x 12.1x 11.7x 101x 14.5x 14.5x 12.8x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.45x 1.35x 1.3x
PEG - - 0.7x -3.32x -1.2x 0x -28.42x 1x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.98x 0.9x 0.88x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.8x 1.65x 1.58x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.53x 5.05x 4.76x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.3x 12x 10.8x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 20.1x 16.3x 14.7x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 4.97% 6.15% 6.78%
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% 4.76% 4.95% 5.14%
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 45,073 49,027 49,843
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,705 16,056 16,572
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 2,977 3,096 3,520
Net Debt 1 24,269 25,298 27,002 22,482 22,526 37,286 36,981 34,860
Reference price 2 9.41 9.28 10.30 9.63 14.20 16.57 16.57 16.57
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 17/02/22 16/02/23 15/02/24 13/02/25 18/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.71x1.38x4.41x6.75% 235B
10.33x2.49x6.58x6.03% 194B
13.06x2.12x5.52x4.21% 148B
12.24x0.87x3.24x6.5% 80.79B
12.17x1.76x7.53x3.54% 77.9B
12.71x1.99x5.03x2.5% 76.41B
15.24x2.67x8.38x5.12% 57.32B
23.9x5.38x19.65x4.48% 56.47B
15.14x2.69x6.15x4.38% 48.21B
Average 14.05x 2.37x 7.39x 4.83% 108.22B
Weighted average by Cap. 12.88x 2.12x 6.42x 5.27%

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