Valuation Orange

Equities

Market Closed - Euronext Paris Other stock markets 10:08:50 05/12/2024 pm IST			5-day change	1st Jan Change
9.652 ^EUR	+2.53%		-4.25%	-6.33%

05/12	ORANGE : An opportunity to buy the second-best European telco over 2022-23
04/12	Morgan Stanley Downgrades Orange to Equalweight, Reduces PT	MT

Data adjusted to current consolidation scope

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	34,783	25,874	24,775	24,661	27,400	25,656	-	-
Change	-	-25.61%	-4.25%	-0.46%	11.11%	-6.36%	-	-
Enterprise Value (EV) ¹	64,515	49,363	49,044	49,959	54,402	48,053	47,765	47,141
Change	-	-23.49%	-0.65%	1.87%	8.89%	-11.67%	-0.6%	-1.31%
P/E ratio	12.9x	5.69x	-	12.7x	12.1x	9.44x	8.6x	7.88x
PBR	1.1x	0.75x	0.77x	0.78x	0.86x	0.77x	0.74x	0.72x
PEG	-	0.1x	-	-	0.7x	0.5x	0.88x	0.87x
Capitalization / Revenue	0.82x	0.61x	0.58x	0.57x	0.62x	0.64x	0.63x	0.62x
EV / Revenue	1.53x	1.17x	1.15x	1.15x	1.23x	1.19x	1.17x	1.14x
EV / EBITDA	5.02x	3.89x	3.9x	3.85x	4.17x	3.99x	3.88x	3.75x
EV / EBIT	14.3x	12x	6.15x	8.41x	9.7x	8.86x	8.11x	7.45x
EV / FCF	22.5x	8.87x	13.7x	12.9x	10.4x	15.5x	14x	12.8x
FCF Yield	4.44%	11.3%	7.29%	7.73%	9.63%	6.46%	7.13%	7.81%
Dividend per Share ²	0.7	0.7	0.7	0.7	0.7	0.7447	0.7673	0.7965
Rate of return	5.34%	7.19%	7.44%	7.54%	6.79%	7.72%	7.95%	8.25%
EPS ²	1.02	1.71	-	0.73	0.85	1.022	1.123	1.225
Distribution rate	68.6%	40.9%	-	95.9%	82.4%	72.8%	68.3%	65%
Net sales ¹	42,238	42,270	42,522	43,471	44,122	40,280	40,918	41,376
EBITDA ¹	12,860	12,680	12,566	12,963	13,035	12,058	12,310	12,580
EBIT ¹	4,497	4,107	7,969	5,943	5,610	5,421	5,887	6,329
Net income ¹	3,006	4,822	233	2,146	2,440	2,737	3,029	3,321
Net Debt ¹	29,732	23,489	24,269	25,298	27,002	22,397	22,109	21,484
Reference price ²	13.120	9.734	9.413	9.281	10.304	9.652	9.652	9.652
Nbr of stocks (in thousands)	26,51,165	26,58,157	26,31,971	26,57,122	26,59,182	26,58,153	-	-
Announcement Date	13/02/20	18/02/21	17/02/22	16/02/23	15/02/24	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield (Y)	Capi. ($)
ORANGE	9.21x	1.18x	3.93x	+7.91%	2.64TCr
CHINA MOBILE LIMITED	10.41x	1.22x	3.56x	+7.03%	21TCr
VERIZON COMMUNICATIONS, INC.	10.54x	2.41x	6.69x	+6.31%	18TCr
DEUTSCHE TELEKOM AG	17.27x	2.43x	5.95x	+2.93%	16TCr
NIPPON TELEGRAPH AND TELEPHONE CORPORATION	11.39x	1.62x	6.35x	+3.38%	8.7TCr
CHINA TELECOM CORPORATION LIMITED	11.85x	0.92x	3.4x	+6.14%	7.94TCr
CHARTER COMMUNICATIONS, INC.	11.88x	2.76x	6.76x	-.--%	5.72TCr
SAUDI TELECOM COMPANY	14.93x	2.55x	7.55x	+4.18%	5.27TCr
AMÉRICA MÓVIL, S.A.B. DE C.V.	10.65x	1.73x	4.32x	+2.87%	4.62TCr
EMIRATES TELECOMMUNICATIONS GROUP COMPANY	13.11x	2.94x	6.44x	+5.03%	3.93TCr
Average	12.12x	1.97x	5.50x	+4.58%	9.29TCr
Weighted average by Cap.	12.25x	1.93x	5.41x	+4.92%