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 42,857 - -
Change - -0.46% 11.11% -6.6% 47.51% 13.52% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 79,665 79,514 77,428
Change - 1.87% 8.89% -11.63% 25.38% 32.16% -0.19% -2.62%
P/E - 12.7x 12.1x 11.7x 101x 12.4x 14.2x 12.5x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.41x 1.31x 1.27x
PEG - - 0.7x -3.32x -1.2x 0x -1.1x 0.9x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.95x 0.87x 0.86x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.77x 1.62x 1.55x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.4x 4.91x 4.63x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 13x 11.5x 10.9x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 16.8x 14.7x 13.3x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.94% 6.8% 7.52%
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% 4.89% 5.08% 5.28%
EPS 2 - 0.73 0.85 0.82 0.14 1.302 1.133 1.29
Distribution rate - 95.9% 82.4% 87.8% 536% 60.5% 72.3% 66%
Net sales 1 42,522 43,471 44,122 40,260 40,396 45,135 49,081 49,933
EBITDA 1 12,566 12,963 13,035 12,109 12,470 14,755 16,179 16,713
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 3,480 3,079 3,518
Net Debt 1 24,269 25,298 27,002 22,482 22,526 36,809 36,657 34,572
Reference price 2 9.41 9.28 10.30 9.63 14.20 16.12 16.12 16.12
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.46x1.36x4.2x6.75% 230B
10.35x2.5x6.61x6% 195B
13.56x2.15x5.51x4.01% 156B
12.74x1.84x8.03x3.37% 81.93B
11.59x0.88x3.29x6.78% 80.09B
11.79x1.89x4.78x2.69% 71.72B
15.37x2.73x8.57x5.07% 57.84B
23.14x5.21x19.03x4.65% 54.84B
12.38x1.77x5.4x4.89% 49.51B
Average 13.60x 2.26x 7.27x 4.91% 108.59B
Weighted average by Cap. 12.65x 2.07x 6.33x 5.27%

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