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 42,072 - -
Change - -0.46% 11.11% -6.6% 47.51% 11.44% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 79,997 79,716 77,674
Change - 1.87% 8.89% -11.63% 25.38% 32.71% -0.35% -2.56%
P/E - 12.7x 12.1x 11.7x 101x 11.8x 14x 12.3x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.38x 1.29x 1.25x
PEG - - 0.7x -3.32x -1.2x 0x -0.9x 0.9x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.93x 0.86x 0.84x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.77x 1.62x 1.56x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.35x 4.91x 4.62x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.1x 11.6x 10.9x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 16.9x 15.1x 13.7x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.91% 6.6% 7.3%
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% 4.96% 5.18% 5.38%
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 15.83 15.83 15.83
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.($)
11.63x1.37x4.32x6.8% 23TCr
11.04x2.59x6.85x5.63% 21TCr
14.03x2.24x5.75x3.88% 16TCr
13.25x1.79x7.67x3.19% 8.52TCr
12.8x0.95x3.56x6.02% 8.33TCr
11.99x1.82x4.6x2.73% 7.15TCr
15.59x2.72x8.51x4.98% 5.9TCr
23.73x5.36x19.61x4.52% 5.68TCr
15.78x2.78x6.22x4.4% 5.1TCr
Average 14.43x 2.40x 7.45x 4.68% 11.22TCr
Weighted average by Cap. 13.28x 2.17x 6.51x 5.07%

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