Orange Earnings: Growth Sprints Thanks to Africa; We Model Normalization Ahead
Orange’s management raised its 2026 EBITDAaL growth guidance to above 4.5% from 4%, in what is poised to be Orange’s best performance in many years.
Orange SA ORA
Bulls Say, Bears Say
Bulls
Orange is the leading telecom operator in France, owns the best mobile and fixed-line networks, and enjoys long-standing relationships with the government.
Bears
Orange is limited by the French government over the amount of personnel cost reductions it can make.
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Trading Information
- Previous Close Price
- €15.49
- Day Range
- €15.40–15.66
- 52-Week Range
- €13.49–18.81
- Bid/Ask
- €15.58 / €15.68
- Shares Outstanding
- 2.65B
- Market Cap
- €41.48B
- Volume/Avg
- 5M / 5M
Key Statistics
- Price/Earnings (Normalized)
- 23.78
- Price/Sales
- 1.13
- Dividend Yield (Trailing)
- 4.80%
- Dividend Yield (Forward)
- 4.80%
- Dividend Payment Schedule
- Jun, Dec
- Total Yield
- 4.91%
Company Profile
Orange operates fixed-line and wireless businesses in France, where it is the market leader ahead of Iliad, Bouygues, and SFR, thanks to its incumbent position. It also has telecom businesses in Spain (through MasOrange), Poland, Belgium, Luxembourg, and Central Europe (Romania, Slovakia, and Moldova). Around 20% of revenue comes from emerging African markets, where it mainly operates wireless networks, and 20% comes from the enterprise segment, which serves companies with more than 50 employees in France and internationally.
- Sector
- Communication Services
- Industry
- Telecom Services
- Stock Style Box
- Large Core
- Total Number of Employees
- 123,500
- Website
- https://www.orange.com
Competitors
Valuation
Metric | ORA | EN | TELFY |
|---|---|---|---|
Price/Earnings (Normalized) | 23.78 | 13.05 | 10.11 |
Price/Book Value | 1.30 | 1.36 | 1.27 |
Price/Sales | 1.13 | 0.30 | 0.57 |
Price/Cash Flow | 3.99 | 3.91 | 2.07 |
Price/Earnings
ORA
EN
TELFY
Financial Strength
Metric | ORA | EN | TELFY |
|---|---|---|---|
Quick Ratio | 0.65 | 0.82 | 0.69 |
Current Ratio | 0.87 | 0.92 | 0.92 |
Interest Coverage | — | 3.69 | −0.04 |
Quick Ratio
ORA
EN
TELFY
Profitability
Metric | ORA | EN | TELFY |
|---|---|---|---|
Return on Assets (Normalized) | — | 2.30% | −0.92% |
Return on Equity (Normalized) | — | 11.51% | −5.31% |
Return on Invested Capital (Normalized) | — | 5.83% | 0.87% |
Return on Assets
ORA
EN
TELFY
Telecom Services Industry Comparables
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|---|---|---|---|---|---|---|
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| AT&T Inc T | LOCK|dx | LOCK|pT@?W | $149B | |||
| Deutsche Telekom AG ADR DTEGY | LOCK|!Y#YT@y | LOCK|h$XW$ | $141B | |||
| Comcast Corp Class A CMCSA | LOCK|k@&#NTl | LOCK|%nqpm | $89B | |||
| America Movil SAB de CV ADR - Series B AMX | LOCK|b?!^<# | LOCK|mJBMj | $76B | |||
| KDDI Corp ADR KDDIY | LOCK|bQzZF% | LOCK|y<?<d | $66B | |||
| Orange SA ADR ORANY | LOCK|#?b#wt | LOCK|<Q | $46B | |||
| Vodafone Group PLC ADR VOD | LOCK|@?fl<^ | LOCK|Qll | $36B | |||
| EchoStar Corp Class A ECHO | LOCK|$!j | LOCK|$$ | $29B |
United States