(ORA) Orange S.A. - Ratings and Ratios
Mobile, Broadband, Cloud, Security, Roaming
Description: ORA Orange S.A. September 29, 2025
Orange S.A. (ticker ORA) is a French-headquartered integrated telecommunications provider that delivers mobile voice, SMS and data services, as well as fixed-line broadband (both fiber and copper) to retail and business customers across France and 20+ overseas markets.
Beyond connectivity, the firm monetises a broad suite of B2B solutions-including unified communications, cloud-hosted infrastructure, security, video-conferencing and managed IT services-while also selling handsets, broadband equipment and connected IoT devices through its retail channels and third-party distributors.
Key operating metrics (2023 FY, Orange’s own reporting) show ~260 million total subscribers, €48 billion of revenue, and an EBITDA margin of roughly 30 %. Capital expenditures were €7.5 billion, driven largely by 5G roll-out in Europe and continued fiber-to-the-home (FTTH) deployment, which together account for ~45 % of net-capex.
Sector-level drivers that materially affect Orange’s outlook include the EU’s regulatory push for universal broadband coverage (target 100 % FTTH by 2030), the competitive race to monetize 5G spectrum (especially in IoT and private-network segments), and macro-economic trends such as inflation-linked cost pressures on network build-out and the gradual shift of advertising spend toward digital platforms where Orange’s mobile ad services compete.
For a deeper, data-rich assessment of Orange’s valuation assumptions and scenario analysis, you may find the research tools on ValueRay useful as a next step.
ORA Stock Overview
| Market Cap in USD | 43,811m |
| Sub-Industry | Integrated Telecommunication Services |
| IPO / Inception |
ORA Stock Ratings
| Growth Rating | 96.0% |
| Fundamental | 61.7% |
| Dividend Rating | 59.7% |
| Return 12m vs S&P 500 | 21.0% |
| Analyst Rating | - |
ORA Dividends
| Dividend Yield 12m | 7.65% |
| Yield on Cost 5y | 15.46% |
| Annual Growth 5y | 4.66% |
| Payout Consistency | 85.5% |
| Payout Ratio | 86.2% |
ORA Growth Ratios
| Growth Correlation 3m | -32.1% |
| Growth Correlation 12m | 96.7% |
| Growth Correlation 5y | 91.2% |
| CAGR 5y | 19.46% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.35 |
| CAGR/Mean DD 3y (Pain Ratio) | 4.50 |
| Sharpe Ratio 12m | 2.92 |
| Alpha | 38.29 |
| Beta | 0.189 |
| Volatility | 15.21% |
| Current Volume | 4304.8k |
| Average Volume 20d | 3654.7k |
| Stop Loss | 13.3 (-3.1%) |
| Signal | -0.18 |
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (1.54b TTM) > 0 and > 6% of Revenue (6% = 3.72b TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA -0.43pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -4.70% (prev -4.74%; Δ 0.04pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.10 (>3.0%) and CFO 10.19b > Net Income 1.54b (YES >=105%, WARN >=100%) |
| Net Debt (-32.0m) to EBITDA (17.03b) ratio: -0.00 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.89 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (2.66b) change vs 12m ago -0.07% (target <= -2.0% for YES) |
| Gross Margin 36.62% (prev 39.67%; Δ -3.05pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 60.21% (prev 40.62%; Δ 19.59pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.95 (EBITDA TTM 17.03b / Interest Expense TTM 2.21b) >= 6 (WARN >= 3) |
Altman Z'' 0.24
| (A) -0.03 = (Total Current Assets 23.85b - Total Current Liabilities 26.77b) / Total Assets 101.62b |
| (B) -0.03 = Retained Earnings (Balance) -2.58b / Total Assets 101.62b |
| (C) 0.06 = EBIT TTM 6.52b / Avg Total Assets 103.02b |
| (D) 0.08 = Book Value of Equity 5.48b / Total Liabilities 69.00b |
| Total Rating: 0.24 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 61.74
| 1. Piotroski 3.50pt = -1.50 |
| 2. FCF Yield 9.12% = 4.56 |
| 3. FCF Margin 5.08% = 1.27 |
| 4. Debt/Equity 0.26 = 2.47 |
| 5. Debt/Ebitda -0.00 = 2.50 |
| 6. ROIC - WACC (= 4.56)% = 5.70 |
| 7. RoE 5.15% = 0.43 |
| 8. Rev. Trend -24.94% = -1.87 |
| 9. EPS Trend -36.25% = -1.81 |
What is the price of ORA shares?
Over the past week, the price has changed by -2.52%, over one month by +0.11%, over three months by +3.00% and over the past year by +44.64%.
Is Orange S.A. a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ORA is around 16.56 EUR . This means that ORA is currently undervalued and has a potential upside of +20.7% (Margin of Safety).
Is ORA a buy, sell or hold?
What are the forecasts/targets for the ORA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 15.3 | 11.7% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 18 | 31% |
ORA Fundamental Data Overview January 01, 1970
Market Cap EUR = 37.62b (37.62b EUR * 1.0 EUR.EUR)
P/E Trailing = 40.9412
P/E Forward = 10.661
P/S = 0.9341
P/B = 1.2038
P/EG = 2.0492
Beta = 0.189
Revenue TTM = 62.03b EUR
EBIT TTM = 6.52b EUR
EBITDA TTM = 17.03b EUR
Long Term Debt = 7.51b EUR (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.42b EUR (from shortTermDebt, last quarter)
Debt = 7.51b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -32.0m EUR (from netDebt column, last quarter)
Enterprise Value = 34.54b EUR (37.62b + Debt 7.51b - CCE 10.58b)
Interest Coverage Ratio = 2.95 (Ebit TTM 6.52b / Interest Expense TTM 2.21b)
FCF Yield = 9.12% (FCF TTM 3.15b / Enterprise Value 34.54b)
FCF Margin = 5.08% (FCF TTM 3.15b / Revenue TTM 62.03b)
Net Margin = 2.48% (Net Income TTM 1.54b / Revenue TTM 62.03b)
Gross Margin = 36.62% ((Revenue TTM 62.03b - Cost of Revenue TTM 39.32b) / Revenue TTM)
Gross Margin QoQ = 11.43% (prev 56.11%)
Tobins Q-Ratio = 0.34 (Enterprise Value 34.54b / Total Assets 101.62b)
Interest Expense / Debt = 8.71% (Interest Expense 654.0m / Debt 7.51b)
Taxrate = 242.7% (out of range, set to none) (250.0m / 103.0m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.89 (Total Current Assets 23.85b / Total Current Liabilities 26.77b)
Debt / Equity = 0.26 (Debt 7.51b / totalStockholderEquity, last quarter 29.42b)
Debt / EBITDA = -0.00 (Net Debt -32.0m / EBITDA 17.03b)
Debt / FCF = -0.01 (Net Debt -32.0m / FCF TTM 3.15b)
Total Stockholder Equity = 29.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.51% (Net Income 1.54b / Total Assets 101.62b)
RoE = 5.15% (Net Income TTM 1.54b / Total Stockholder Equity 29.87b)
RoCE = 17.45% (EBIT 6.52b / Capital Employed (Equity 29.87b + L.T.Debt 7.51b))
RoIC = 10.15% (EBIT 6.52b / (Assets 101.62b - Curr.Liab 26.77b - Cash 10.58b))
WACC = 5.59% (E(37.62b)/V(45.13b) * Re(6.71%) + (debt cost/tax rate unavailable))
Discount Rate = 6.71% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -33.33 | Cagr: -0.05%
[DCF Debug] Terminal Value 76.31% ; FCFE base≈3.36b ; Y1≈2.97b ; Y5≈2.45b
Fair Price DCF = 16.73 (DCF Value 44.47b / Shares Outstanding 2.66b; 5y FCF grow -14.47% → 3.0% )
EPS Correlation: -36.25 | EPS CAGR: -55.29% | SUE: -4.0 | # QB: 0
Revenue Correlation: -24.94 | Revenue CAGR: -7.11% | SUE: 1.01 | # QB: 2