Orange
Market Cap
€39.3b
Last Updated
2019/10/13 20:37 UTC
Data Sources
Company Financials +
Executive Summary
Orange S.A. provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East.
Snowflake
Fundamentals
Good value average dividend payer.
Similar Companies
Share Price & News
How has Orange's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
3.6%
ORA
3.2%
FR Telecom
2.9%
FR Market
1 Year Return
10.0%
ORA
5.9%
FR Telecom
10.2%
FR Market
Return vs Industry: ORA exceeded the French Telecom industry which returned 5.9% over the past year.
Return vs Market: ORA matched the French Market which returned 10.2% over the past year.
Share holder returns
| ORA | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.6% | 3.2% | 2.9% |
| 30 Day | 6.7% | 6.7% | -0.3% |
| 90 Day | 11.3% | 8.3% | 0.1% |
| 1 Year | 15.5%10.0% | 10.5%5.9% | 14.0%10.2% |
| 3 Year | 21.8%6.5% | 4.0%-6.6% | 44.3%30.4% |
| 5 Year | 72.9%39.0% | 35.3%15.2% | 75.2%49.3% |
Price Volatility Vs. Market
How volatile is Orange's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Orange S.A. (EPA:ORA) Delivered A Weaker ROE Than Its Industry2 weeks ago | Simply Wall St
Don’t Buy Orange S.A. (EPA:ORA) Until You Understand Its ROCE3 weeks ago | Simply Wall St
Are Dividend Investors Making A Mistake With Orange S.A. (EPA:ORA)?Valuation
Is Orange undervalued based on future cash flows and its price relative to the stock market?
41%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Undervalued: ORA (€14.81) is trading below our estimate of fair value (€25.13)
Significantly Undervalued: ORA is trading below fair value by more than 20%.
Price Based on Earnings
PE vs Industry: ORA is good value based on its PE Ratio (18.1x) compared to the Telecom industry average (18.1x).
PE vs Market: ORA is poor value based on its PE Ratio (18.1x) compared to the French market (17.1x).
Price Based on Expected Growth
Low PEG Ratio: ORA is poor value based on its PEG Ratio (2.2x)
Price Based on Value of Assets
PB vs Industry: ORA is good value based on its PB Ratio (1.3x) compared to the FR Telecom industry average (1.6x).
Next Steps
Future Growth
How is Orange expected to perform in the next 1 to 3 years based on estimates from 23 analysts?
8.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Earnings vs Savings Rate: ORA's forecast earnings growth (8.4% per year) is above the savings rate (0.7%).
Earnings vs Market: ORA's earnings (8.4% per year) are forecast to grow slower than the French market (11.1% per year).
High Growth Earnings: ORA's earnings are forecast to grow, but not significantly.
Revenue vs Market: ORA's revenue (0.7% per year) is forecast to grow slower than the French market (4.5% per year).
High Growth Revenue: ORA's revenue (0.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Estimates
Future Return on Equity
High Future ROE: ORA's Return on Equity is forecast to be low in 3 years time (9.3%).
Next Steps
Past Performance
How has Orange performed over the past 5 years?
6.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ORA's earnings have grown by 6.5% per year over the past 5 years.
Accelerating Growth: ORA's earnings growth over the past year (10.1%) exceeds its 5-year average (6.5% per year).
Earnings vs Industry: ORA earnings growth over the past year (10.1%) underperformed the Telecom industry 28%.
Return on Equity
High ROE: ORA's Return on Equity (7.4%) is considered low.
Return on Assets
ROA vs Industry: ORA's Return on Assets is below or equal to the Telecom industry average last year.
Return on Capital Employed
ROCE Improving: ORA's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Orange's financial position?
Financial Position Analysis
Short Term Liabilities: ORA's short term assets (€23.0B) do not cover its short term liabilities (€29.1B)
Long Term Liabilities: ORA's short term assets (23.0B) do not cover its long term liabilities (42.0B)
Debt to Equity History and Analysis
Debt Level: ORA's debt to equity ratio (113.1%) is considered high
Reducing Debt: ORA's debt to equity ratio has reduced from 127.8% to 113.1% over the past 5 years.
Debt Coverage: ORA's debt is well covered by operating cash flow (25.5%).
Interest Coverage: ORA's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
Inventory Level: ORA has a high level of physical assets or inventory.
Debt Coverage by Assets: ORA's debt is not covered by short term assets (assets are 0.6x debt).
Next Steps
Dividend
What is Orange's current dividend yield, its reliability and sustainability?
5.09%
Expected Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Dividend Yield and Payments Analysis
Notable Dividend: ORA's dividend (4.73%) is higher than the bottom 25% of dividend payers in the French market (1.57%).
High Dividend: ORA's dividend (4.73%) is in the top 25% of dividend payers in the French market (4.65%)
Stable Dividend: ORA's dividend payments have been volatile in the past 10 years.
Growing Dividend: ORA's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (85.7%), ORA's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ORA's dividends in 3 years are forecast to be covered by earnings (63.4% payout ratio).
Next Steps
Management
What is the CEO of Orange's salary, the management and board of directors tenure and is there insider trading?
6.0yrs
Average management tenure
CEO
Stéphane Richard (58yo)
8.6yrs
Tenure
€2,263,637
Compensation
Mr. Stéphane Richard has been the Chairman and Chief Executive Officer at Orange SA since March 1, 2011. Mr. Richard serves as Managing Partner of SCI du at 18 rue Philippe-Hecht. He serves as the Chairman ...
CEO Compensation Analysis
Compensation vs. Market: Stéphane's total compensation ($USD2.50M) is about average for companies of similar size in the French market ($USD3.51M).
Compensation vs Earnings: Stéphane's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.0yrs
Average Tenure
58yo
Average Age
Experienced Management: ORA's management team is seasoned and experienced (6 years average tenure).
Board Age and Tenure
3.9yrs
Average Tenure
55.5yo
Average Age
Experienced Board: ORA's board of directors are considered experienced (3.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Brigitte Bourgoin (65yo)
Group Chief Compliance Officer
- Tenure: 0yrs
Stéphane Richard (58yo)
Chairman & CEO
- Tenure: 8.6yrs
- Compensation: €2.26m
Gervais Gilles Pellissier (60yo)
Delegate CEO of Group Transformation & President of Orange Business Services
- Tenure: 7.9yrs
- Compensation: €1.31m
Béatrice Mandine (51yo)
Executive Director of Communications & Brand
- Tenure: 6.4yrs
Patrick Roussel
Executive Vice President for Consumer Sales
- Tenure: 6yrs
Ramon Fernandez (52yo)
Delegate Chief Executive Officer of Finance
- Tenure: 5.1yrs
- Compensation: €1.31m
Christine Albanel (64yo)
Senior EVP of CSR
- Tenure: 0yrs
Patrice De Diesbach (63yo)
Senior VP & Head of Investor Relations
- Tenure: 0yrs
Mari-Noëlle Jégo-Laveissière (51yo)
Deputy CEO of Technology & Global Innovation
- Tenure: 5.6yrs
Valérie Le Boulanger (57yo)
Executive Director of Group Human Resources
- Tenure: 1.4yrs
Board Members
Nicolas Dufourcq (56yo)
Director
- Tenure: 6.4yrs
- Compensation: €30.00k
Charles-Henri Filippi (67yo)
Lead Director
- Tenure: 2.8yrs
- Compensation: €63.00k
Stéphane Richard (58yo)
Chairman & CEO
- Tenure: 8.6yrs
- Compensation: €2.26m
Bernard Ramanantsoa (71yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: €59.00k
Helle Kristoffersen (55yo)
Independent Director
- Tenure: 8.3yrs
- Compensation: €42.00k
Jean-Michel Severino (62yo)
Independent Director
- Tenure: 8.3yrs
- Compensation: €48.00k
Alexandre Bompard (47yo)
Independent Director
- Tenure: 2.8yrs
- Compensation: €24.00k
Christel Heydemann (45yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: €46.00k
Anne Lange (51yo)
Director
- Tenure: 4.4yrs
- Compensation: €46.00k
Sébastien Crozier (51yo)
Director
- Tenure: 1.8yrs
- Compensation: €253.82k
Company Information
Orange S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Orange S.A.
- Ticker: ORA
- Exchange: ENXTPA
- Founded: 1990
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Market Cap: €39.280b
- Shares outstanding: 2.65b
- Website: https://www.orange.com
Number of Employees
Location
- Orange S.A.
- 78, rue Olivier de Serres
- Paris
- Ile-de-France
- 75015
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ORA | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Oct 1997 |
| ORAN | NYSE (New York Stock Exchange) | ADR EACH REPR 1 ORD EUR4 | US | USD | Oct 1997 | |
| ORA | ENXTPA (Euronext Paris) | Yes | Ordinary Shares | FR | EUR | Oct 1997 |
| ORAN N | BMV (Bolsa Mexicana de Valores) | ADR EACH REPR 1 ORD EUR4 | MX | MXN | Oct 1997 | |
| FTE | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 1997 |
| ORA | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Oct 1997 |
| 0OQV | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Oct 1997 |
| FNCT.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 1997 |
| FTE | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Oct 1997 |
| FTE1 | DB (Deutsche Boerse AG) | ADR EACH REPR 1 ORD EUR4 | DE | EUR | Oct 1997 | |
| ORAP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Oct 1997 |
| ORA | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Oct 1997 |
| 0A2Q | LSE (London Stock Exchange) | ADR EACH REPR 1 ORD EUR4 | GB | USD | Oct 1997 | |
| FTEU | DB (Deutsche Boerse AG) | 5.25%-FRN SUB EMTN PERP EUR100000 'REGS' | DE | EUR | Jan 2014 |
Biography
Orange S.A. provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/13 20:37 |
| End of Day Share Price | 2019/10/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.