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 37,156 - -
Change - -0.46% 11.11% -6.6% 47.51% -1.58% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 76,899 75,979 74,047
Change - 1.87% 8.89% -11.63% 25.38% 27.57% -1.2% -2.54%
P/E - 12.7x 12.1x 11.7x 101x 10.5x 12x 10.9x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.21x 1.14x 1.11x
PEG - - 0.7x -3.32x -1.2x 0x -0.9x 1x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.82x 0.76x 0.74x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.7x 1.54x 1.48x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.26x 4.76x 4.5x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 12.6x 11x 10.4x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 17.9x 15.5x 14x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.6% 6.46% 7.16%
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% 5.63% 5.86% 6.09%
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 13.98 13.98 13.98
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 17/02/22 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.($)
11.09x1.31x4.17x6.97% 222B
10.15x2.47x6.53x6.14% 191B
12.55x2.11x5.45x4.32% 143B
13.34x1.84x8.02x3.14% 87.71B
11.68x0.9x3.36x6.54% 80.58B
11.27x1.75x4.42x2.9% 63.93B
14.82x2.64x8.24x5.17% 56.84B
22.97x5.3x19.35x4.76% 54.26B
14.51x2.69x6.01x4.48% 50.15B
Average 13.60x 2.33x 7.28x 4.94% 105.49B
Weighted average by Cap. 12.48x 2.09x 6.35x 5.37%

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