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 46,245 - -
Change - -0.46% 11.11% -6.6% 47.51% 22.5% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 82,834 82,551 80,478
Change - 1.87% 8.89% -11.63% 25.38% 37.42% -0.34% -2.51%
P/E - 12.7x 12.1x 11.7x 101x 14.6x 15.3x 13.6x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.53x 1.41x 1.37x
PEG - - 0.7x -3.32x -1.2x 0x -3.37x 1.1x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 1.03x 0.94x 0.93x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.84x 1.69x 1.62x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.75x 5.15x 4.86x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13.2x 12.3x 11.2x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 20.5x 16.6x 15x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 4.88% 6.03% 6.65%
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% 4.53% 4.71% 4.89%
EPS 2 - 0.73 0.85 0.82 0.14 1.19 1.136 1.283
Distribution rate - 95.9% 82.4% 87.8% 536% 66.2% 72.1% 66.3%
Net sales 1 42,522 43,471 44,122 40,260 40,396 45,042 48,986 49,814
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,416 16,029 16,558
EBIT 1 7,969 5,943 5,610 5,489 4,568 6,264 6,687 7,200
Net income 1 233 2,146 2,440 2,350 538 3,124 3,088 3,520
Net Debt 1 24,269 25,298 27,002 22,482 22,526 36,588 36,306 34,233
Reference price 2 9.41 9.28 10.30 9.63 14.20 17.40 17.40 17.40
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.($)
11.8x1.39x4.31x6.7% 24TCr
10.42x2.5x6.62x5.98% 20TCr
13.42x2.15x5.53x4.1% 15TCr
12.37x0.86x3.21x6.43% 8TCr
12.8x1.8x7.71x3.36% 7.97TCr
12.57x1.97x4.99x2.52% 7.48TCr
24.81x5.57x20.33x4.31% 5.82TCr
15.03x2.61x8.15x5.2% 5.62TCr
14.34x2.58x5.95x4.7% 4.71TCr
Average 14.17x 2.38x 7.42x 4.81% 10.87TCr
Weighted average by Cap. 13.04x 2.14x 6.45x 5.22%

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