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 40,770 - -
Change - -0.46% 11.11% -6.6% 47.51% 7.99% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 78,694 78,414 76,372
Change - 1.87% 8.89% -11.63% 25.38% 30.55% -0.36% -2.6%
P/E - 12.7x 12.1x 11.7x 101x 11.4x 13.6x 11.9x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.33x 1.25x 1.21x
PEG - - 0.7x -3.32x -1.2x 0x -0.9x 0.9x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.9x 0.83x 0.82x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.74x 1.6x 1.53x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.27x 4.83x 4.54x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 12.8x 11.4x 10.8x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 16.6x 14.9x 13.5x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 6.01% 6.71% 7.43%
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% 5.12% 5.34% 5.55%
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 15.34 15.34 15.34
Nbr of stocks (in thousands) 26,31,971 26,57,122 26,59,182 26,58,153 26,58,600 26,57,769 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.32x1.33x4.22x6.97% 22TCr
11.04x2.59x6.85x5.63% 21TCr
13.81x2.21x5.68x3.97% 16TCr
13.6x1.84x7.89x3.1% 9.01TCr
12.17x0.92x3.46x6.36% 8.2TCr
11.55x1.77x4.48x2.83% 6.92TCr
15.42x2.69x8.42x5.03% 5.83TCr
24.35x5.48x20.04x4.48% 5.83TCr
15.51x2.74x6.13x4.47% 5.02TCr
Average 14.31x 2.40x 7.46x 4.76% 11.1TCr
Weighted average by Cap. 13.16x 2.17x 6.55x 5.15%

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