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 42,176 - -
Change - -0.46% 11.11% -6.6% 47.51% 11.72% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 80,363 79,752 77,749
Change - 1.87% 8.89% -11.63% 25.38% 33.32% -0.76% -2.51%
P/E - 12.7x 12.1x 11.7x 101x 16.2x 14.1x 12.9x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.38x 1.31x 1.27x
PEG - - 0.7x -3.32x -1.2x 0x 1x 1.38x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.94x 0.86x 0.85x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.8x 1.63x 1.56x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.62x 4.95x 4.67x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.2x 11.6x 10.8x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 19.2x 16.3x 14.6x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.22% 6.14% 6.86%
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% 4.96% 5.17% 5.37%
EPS 2 - 0.73 0.85 0.82 0.14 0.9818 1.121 1.226
Distribution rate - 95.9% 82.4% 87.8% 536% 80.2% 73.1% 69.4%
Net sales 1 42,522 43,471 44,122 40,260 40,396 44,709 49,045 49,906
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,289 16,102 16,635
EBIT 1 7,969 5,943 5,610 5,489 4,568 6,108 6,889 7,200
Net income 1 233 2,146 2,440 2,350 538 2,675 3,089 3,378
Net Debt 1 24,269 25,298 27,002 22,482 22,526 38,187 37,576 35,573
Reference price 2 9.41 9.28 10.30 9.63 14.20 15.86 15.86 15.86
Nbr of stocks (in thousands) 26,31,971 26,57,122 26,59,182 26,58,153 26,58,600 26,59,283 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.94x1.26x3.91x7.33% 21TCr
8.82x2.33x6.24x6.63% 18TCr
12.53x2.07x4.77x4.49% 14TCr
11.61x1.73x7.38x3.7% 7.38TCr
11.49x0.73x2.74x7.01% 6.98TCr
15.44x2.69x8.43x5.1% 5.75TCr
24.06x5.42x19.79x4.45% 5.66TCr
14.32x2.62x6.02x4.74% 4.66TCr
23.11x3.21x7.22x4.4% 3.95TCr
Average 14.70x 2.45x 7.39x 5.32% 9.72TCr
Weighted average by Cap. 12.74x 2.13x 6.30x 5.8%

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