(ORA) Orange S.A. - Overview
Sector: Communication Services | Industry: Telecom Services | Exchange: PA (France) | Market Cap: 47.521m EUR | Total Return: 42.4% in 12m
Avg Turnover: 68.6M
Warnings
P/E ratio 148.9
Share dilution 37.4% YoY
Altman Z'' 0.61 < 1.0 - financial distress zone
Tailwinds
Idiosyncratic Leader
Orange S.A. is a global telecommunications provider headquartered in France, offering mobile, fixed broadband, and B2B network solutions. Formerly known as France Telecom, the company operates primarily under the Orange brand, providing voice, data, and SMS services alongside a robust suite of IT integration, cloud computing, and cybersecurity services. The business model relies on large-scale infrastructure investment, a characteristic of the capital-intensive Integrated Telecommunication Services industry.
The company maintains a significant presence in wholesale markets through roaming agreements, network sharing, and mobile virtual network operator (MVNO) services. To modernize its infrastructure, Orange is currently collaborating with Nokia and NVIDIA to develop AI-based Radio Access Network (AI-RAN) technologies. Investors can evaluate the company’s long-term growth prospects and valuation metrics further on ValueRay.
Beyond traditional connectivity, Orange has diversified into mobile financial services and digital advertising to offset the commoditization of basic data plans. This diversification is a common strategy among European incumbents seeking to leverage existing customer bases for higher average revenue per user.
- Fiber-to-the-home rollout drives market share gains in French fixed broadband
- Enterprise digital transformation fuels growth in Orange Business IT services
- African and Middle Eastern market expansion offsets European revenue stagnation
- High capital expenditure on 5G infrastructure impacts free cash flow
- European regulatory environment limits cross-border consolidation and pricing power
| Net Income: 538.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.23 > 1.0 |
| NWC/Revenue: 3.57% < 20% (prev -5.22%; Δ 8.79% < -1%) |
| CFO/TA 0.10 > 3% & CFO 10.8b > Net Income 538.0m |
| Net Debt (42.3b) to EBITDA (11.8b): 3.58 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (5.63b) vs prev 111.7% < -2% |
| Gross Margin: 52.90% > 18% (prev 39.65%; Δ 13.25% > 0.5%) |
| Asset Turnover: 67.31% > 50% (prev 38.76%; Δ 28.55% > 0%) |
| Interest Coverage Ratio: 1.65 > 6 (EBIT TTM 3.29b / Interest Expense TTM 2.00b) |
| A: 0.02 (Total Current Assets 28.5b - Total Current Liabilities 25.9b) / Total Assets 111b |
| B: -0.02 (Retained Earnings -2.26b / Total Assets 111b) |
| C: 0.03 (EBIT TTM 3.29b / Avg Total Assets 107b) |
| D: 0.31 (Book Value of Equity 25.2b / Total Liabilities 82.1b) |
| Altman-Z'' = 0.61 = B |
| DSRI: 0.59 (Receivables 8.01b/7.52b, Revenue 72.2b/40.3b) |
| GMI: 0.75 (GM 39.65% / 52.90%) |
| AQI: 1.00 (AQ_t 0.39 / AQ_t-1 0.39) |
| SGI: 1.79 (Revenue 72.2b / 40.3b) |
| TATA: -0.09 (NI 538.0m - CFO 10.8b) / TA 111b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of June 04, 2026, the stock is trading at EUR 17.71 with a total of 3,403,899 shares traded.
Over the past week, the price has changed by -2.45%,
over one month by +0.11%,
over three months by -0.59% and
over the past year by +42.43%.
Orange S.A. has no consensus analysts rating.
P/E Trailing = 148.9167
P/E Forward = 14.1243
P/S = 1.1764
P/B = 1.6038
P/EG = 0.4865
Revenue TTM = 72.2b EUR
EBIT TTM = 3.29b EUR
EBITDA TTM = 11.8b EUR
Long Term Debt = 44.0b EUR (estimated: total debt 50.0b - short term 5.97b)
Short Term Debt = 5.97b EUR (from shortTermDebt, last quarter)
Debt = 57.5b EUR (from shortLongTermDebtTotal, last quarter) + Leases 7.52b
Net Debt = 42.3b EUR (calculated: Debt 57.5b - CCE 15.2b)
Enterprise Value = 89.8b EUR (47.5b + Debt 57.5b - CCE 15.2b)
Interest Coverage Ratio = 1.65 (Ebit TTM 3.29b / Interest Expense TTM 2.00b)
EV/FCF = 25.98x (Enterprise Value 89.8b / FCF TTM 3.46b)
FCF Yield = 3.85% (FCF TTM 3.46b / Enterprise Value 89.8b)
FCF Margin = 4.79% (FCF TTM 3.46b / Revenue TTM 72.2b)
Net Margin = 0.74% (Net Income TTM 538.0m / Revenue TTM 72.2b)
Gross Margin = 52.90% ((Revenue TTM 72.2b - Cost of Revenue TTM 34.0b) / Revenue TTM)
Gross Margin QoQ = none% (prev 19.93%)
Tobins Q-Ratio = 0.81 (Enterprise Value 89.8b / Total Assets 111b)
Interest Expense / Debt = 3.47% (Interest Expense 2.00b / Debt 57.5b)
Taxrate = 49.38% (1.07b / 2.17b)
NOPAT = 1.66b (EBIT 3.29b * (1 - 49.38%))
Current Ratio = 1.10 (Total Current Assets 28.5b / Total Current Liabilities 25.9b)
Debt / Equity = 2.28 (Debt 57.5b / totalStockholderEquity, last quarter 25.2b)
Debt / EBITDA = 3.58 (Net Debt 42.3b / EBITDA 11.8b)
Debt / FCF = 12.24 (Net Debt 42.3b / FCF TTM 3.46b)
Total Stockholder Equity = 29.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.50% (Net Income 538.0m / Total Assets 111b)
RoE = 1.83% (Net Income TTM 538.0m / Total Stockholder Equity 29.5b)
RoCE = 4.47% (EBIT 3.29b / Capital Employed (Equity 29.5b + L.T.Debt 44.0b))
RoIC = 1.91% (NOPAT 1.66b / Invested Capital 87.2b)
WACC = 3.42% (E(47.5b)/V(105b) * Re(5.43%) + D(57.5b)/V(105b) * Rd(3.47%) * (1-Tc(0.49)))
Discount Rate = 5.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -28.89 | Cagr: 13.76%
[DCF] Terminal Value 75.33% ; FCFF base≈3.47b ; Y1≈3.46b ; Y5≈3.62b
[DCF] Fair Price = 5.28 (EV 56.4b - Net Debt 42.3b = Equity 14.0b / Shares 2.66b; r=8.35% [WACC [floored]]; 5y FCF grow -0.77% → 2.50% )
EPS Correlation: -73.87 | EPS CAGR: -17.05% | SUE: -0.54 | # QB: 0
Revenue Correlation: -70.02 | Revenue CAGR: -8.89% | SUE: 0.02 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.21 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=1.03 | Chg30d=-0.01% | Revisions=+0% | GrowthEPS=+19.6% | GrowthRev=+10.4%
EPS next Year (2027-12-31): EPS=1.18 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+14.6% | GrowthRev=+10.0%
[Analyst] Revisions Ratio: +0%