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 43,375 - -
Change - -0.46% 11.11% -6.6% 47.51% 14.89% - -
Enterprise Value (EV) 1 49,044 49,959 54,402 48,075 60,278 80,184 80,032 77,946
Change - 1.87% 8.89% -11.63% 25.38% 33.02% -0.19% -2.61%
P/E - 12.7x 12.1x 11.7x 101x 13.1x 14.1x 12.9x
PBR 0.77x 0.78x 0.86x 0.81x 1.27x 1.43x 1.33x 1.28x
PEG - - 0.7x -3.32x -1.2x 0x -2.05x 1.35x
Capitalization / Revenue 0.58x 0.57x 0.62x 0.64x 0.93x 0.96x 0.88x 0.87x
EV / Revenue 1.15x 1.15x 1.23x 1.19x 1.49x 1.78x 1.63x 1.56x
EV / EBITDA 3.9x 3.85x 4.17x 3.97x 4.83x 5.48x 4.98x 4.71x
EV / EBIT 6.15x 8.41x 9.7x 8.76x 13.2x 12.2x 11.9x 10.7x
EV / FCF 13.7x 12.9x 10.4x 12.8x 13.2x 19.8x 16.1x 14.6x
FCF Yield 7.29% 7.73% 9.63% 7.84% 7.58% 5.05% 6.22% 6.87%
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% 4.83% 5.02% 5.22%
EPS 2 - 0.73 0.85 0.82 0.14 1.244 1.159 1.269
Distribution rate - 95.9% 82.4% 87.8% 536% 63.4% 70.7% 67.1%
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 14,621 16,061 16,558
EBIT 1 7,969 5,943 5,610 5,489 4,568 6,562 6,717 7,310
Net income 1 233 2,146 2,440 2,350 538 3,293 3,169 3,460
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 16.32 16.32 16.32
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.($)
11.52x1.36x4.21x6.86% 231B
10.35x2.5x6.6x6.01% 195B
14.13x2.21x5.46x3.87% 161B
11.74x0.86x3.23x6.77% 80.49B
12.34x1.81x7.85x3.49% 79.41B
11.87x1.9x4.81x2.67% 71.87B
15.33x2.72x8.54x5.09% 57.69B
23.36x5.25x18.65x4.61% 55.2B
13.24x1.77x5.48x4.83% 49.98B
Average 13.76x 2.26x 7.20x 4.91% 109.13B
Weighted average by Cap. 12.80x 2.08x 6.28x 5.28%

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