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 36,717 - -
Change - -0.46% 11.11% -6.6% 47.51% -2.74% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 76,461 75,541 73,608
Change - 1.87% 8.89% -11.63% 25.38% 26.85% -1.2% -2.56%
P/E - 12.7x 12.1x 11.7x 101x 10.3x 11.8x 10.6x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.19x 1.12x 1.08x
PEG - - 0.7x -3.32x -1.2x 0x -0.9x 1x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.81x 0.75x 0.73x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.69x 1.54x 1.47x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.23x 4.74x 4.47x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 12.5x 11x 10.3x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 17.8x 15.4x 13.9x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.63% 6.5% 7.2%
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% 5.74% 5.98% 6.21%
EPS 2 - 0.73 0.85 0.82 0.14 1.334 1.164 1.287
Distribution rate - 95.9% 82.4% 87.8% 536% 59% 70.4% 66.1%
Net sales 1 42,522 43,471 44,122 40,260 40,396 45,269 49,178 50,034
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,625 15,949 16,472
EBIT 1 7,969 5,943 5,610 5,489 4,568 6,112 6,894 7,151
Net income 1 233 2,146 2,440 2,350 538 3,770 3,113 3,518
Net Debt 1 24,269 25,298 27,002 22,482 22,526 39,744 38,824 36,891
Reference price 2 9.41 9.28 10.30 9.63 14.20 13.70 13.70 13.70
Nbr of stocks (in thousands) 2,631,971 2,657,122 2,659,182 2,658,153 2,658,600 2,657,769 - -
Announcement Date 17/2/22 16/2/23 15/2/24 13/2/25 18/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.09x1.31x4.17x6.98% 223B
10.14x2.46x6.51x6.15% 191B
12.57x2.11x5.45x4.32% 142B
13.44x1.85x8.05x3.12% 88.91B
11.81x0.9x3.37x6.47% 80.63B
11.41x1.76x4.45x2.87% 63.98B
14.82x2.64x8.24x5.17% 56.83B
22.87x5.26x19.2x4.78% 54.33B
14.82x2.74x6.13x4.38% 51.28B
Average 13.66x 2.34x 7.28x 4.91% 105.79B
Weighted average by Cap. 12.52x 2.09x 6.35x 5.36%

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