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ORA

OrangeENXTPA:ORA Stock Report

Market Cap

€25.1b

7D

1.7%

1Y

4.8%

Updated

27 Sep, 2021

Data

Company Financials +
ORA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance1/6
Financial Health2/6
Dividends3/6

ORA Overview

Orange S.A. provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Orange
Historical stock prices
Current Share Price€9.43
52 Week High€8.63
52 Week Low€10.87
Beta0.31
1 Month Change-2.55%
3 Month Change-1.37%
1 Year Change4.85%
3 Year Change-30.75%
5 Year Change-31.65%
Change since IPO-69.86%

Recent News & Updates

Shareholder Returns

ORAFR TelecomFR Market
7D1.7%0.7%1.4%
1Y4.8%14.4%35.8%

Return vs Industry: ORA underperformed the French Telecom industry which returned 15.4% over the past year.

Return vs Market: ORA underperformed the French Market which returned 39.2% over the past year.

Price Volatility

Is ORA's price volatile compared to industry and market?
ORA volatility
ORA Beta0.31
Industry Beta0.62
Market Beta1

Stable Share Price: ORA is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ORA's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990138,626Stephane Richardhttps://www.orange.com

Orange S.A. provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. It operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.

Orange Fundamentals Summary

How do Orange's earnings and revenue compare to its market cap?
ORA fundamental statistics
Market Cap€25.08b
Earnings (TTM)€871.00m
Revenue (TTM)€42.37b

28.8x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ORA income statement (TTM)
Revenue€42.37b
Cost of Revenue€25.53b
Gross Profit€16.84b
Expenses€15.97b
Earnings€871.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 26, 2021

Earnings per share (EPS)0.33
Gross Margin39.74%
Net Profit Margin2.05%
Debt/Equity Ratio108.8%

How did ORA perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

168%

Payout Ratio

Does ORA pay a reliable dividends?

See ORA dividend history and benchmarks
When do you need to buy ORA by to receive an upcoming dividend?
Orange dividend dates
Ex Dividend DateDec 13 2021
Dividend Pay DateDec 15 2021
Days until Ex dividend75 days
Days until Dividend pay date77 days

Does ORA pay a reliable dividends?

See ORA dividend history and benchmarks

Valuation

Is Orange undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ORA (€9.43) is trading below our estimate of fair value (€38.87)

Significantly Below Fair Value: ORA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ORA is poor value based on its PE Ratio (28.8x) compared to the European Telecom industry average (23.2x).

PE vs Market: ORA is poor value based on its PE Ratio (28.8x) compared to the French market (20.8x).


Price to Earnings Growth Ratio

PEG Ratio: ORA is poor value based on its PEG Ratio (4.3x)


Price to Book Ratio

PB vs Industry: ORA is good value based on its PB Ratio (0.8x) compared to the XE Telecom industry average (2x).


Future Growth

How is Orange forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORA's forecast earnings growth (6.7% per year) is above the savings rate (0.4%).

Earnings vs Market: ORA's earnings (6.7% per year) are forecast to grow slower than the French market (12.1% per year).

High Growth Earnings: ORA's earnings are forecast to grow, but not significantly.

Revenue vs Market: ORA's revenue (0.6% per year) is forecast to grow slower than the French market (6.3% per year).

High Growth Revenue: ORA's revenue (0.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ORA's Return on Equity is forecast to be low in 3 years time (8.3%).


Past Performance

How has Orange performed over the past 5 years?

23.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ORA has a large one-off loss of €4.2B impacting its June 30 2021 financial results.

Growing Profit Margin: ORA's current net profit margins (2.1%) are lower than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: ORA's earnings have grown significantly by 23.4% per year over the past 5 years.

Accelerating Growth: ORA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ORA had negative earnings growth (-66.8%) over the past year, making it difficult to compare to the Telecom industry average (21.1%).


Return on Equity

High ROE: ORA's Return on Equity (4.4%) is considered low.


Financial Health

How is Orange's financial position?


Financial Position Analysis

Short Term Liabilities: ORA's short term assets (€23.6B) do not cover its short term liabilities (€26.6B).

Long Term Liabilities: ORA's short term assets (€23.6B) do not cover its long term liabilities (€43.9B).


Debt to Equity History and Analysis

Debt Level: ORA's debt to equity ratio (108.8%) is considered high.

Reducing Debt: ORA's debt to equity ratio has increased from 100% to 108.8% over the past 5 years.

Debt Coverage: ORA's debt is well covered by operating cash flow (39%).

Interest Coverage: ORA's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


Dividend

What is Orange current dividend yield, its reliability and sustainability?

7.42%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 28 2021Ex Dividend DateDec 13 2021Dividend Pay DateDec 15 20212 days from Ex DividendBuy in the next 75 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ORA's dividend (7.42%) is higher than the bottom 25% of dividend payers in the French market (1.28%).

High Dividend: ORA's dividend (7.42%) is in the top 25% of dividend payers in the French market (3.98%)


Stability and Growth of Payments

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: With its high payout ratio (168.1%), ORA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ORA's dividends in 3 years are forecast to be covered by earnings (65.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.0yrs

Average management tenure


CEO

Stephane Richard (60 yo)

10.5yrs

Tenure

€1,746,471

Compensation

Mr. Stephane 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: Stephane's total compensation ($USD2.04M) is below average for companies of similar size in the French market ($USD3.33M).

Compensation vs Earnings: Stephane's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ORA's management team is seasoned and experienced (7 years average tenure).


Board Members

Experienced Board: ORA's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Orange S.A.'s 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: €25.083b
  • Shares outstanding: 2.66b
  • Website: https://www.orange.com

Number of Employees


Location

  • Orange S.A.
  • 78, rue Olivier de Serres
  • Paris
  • Ile-de-France
  • 75015
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 21:14
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.