Skip to Content

Orange SA ADR ORAN

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Stewardship

PREMIUM

Orange Q2 Results Give Hope for Fiscal 2020 Dividend Back to Pre-Coronavirus Levels

Andreea Matysiak Equity Analyst

Analyst Note

| Andreea Matysiak |

Orange reported second-quarter results roughly in line with our expectations. ITQ revenue declined by a low 0.4%, due to pandemic negative effects on roaming and equipment sales. Lower revenue, health cost measures, and bad debt provisions caused a 2% decline in adjusted EBITDA. We maintain our fair value estimate at EUR 16 and narrow moat. We believe the shares are undervalued.

Read Full Analysis

Company Profile

Business Description

Orange is the incumbent telephone operator in France, which accounts for about 40% of the firm's sales. By country, Spain and Poland are the firm's next largest revenue generators. The company's strategy is twofold: to invest in the core business to strengthen the network (fiber build-out in France), and to diversify beyond the core business through selective acquisitions, notably in the fields of banking, cybersecurity, cloud services, and e-health.

Contact
78, rue Olivier de Serres
Paris, 75015, France
T +33 144442105
Sector Communication Services
Industry Telecom Services
Most Recent Earnings Dec 31, 2008
Fiscal Year End Dec 31, 2020
Stock Type
Employees 142,969

Related