(ORA) Orange S.A. - Ratings and Ratios
Mobile, Broadband, Cloud, Security, Roaming
Dividends
| Dividend Yield | 7.46% |
| Yield on Cost 5y | 14.15% |
| Yield CAGR 5y | 4.66% |
| Payout Consistency | 85.5% |
| Payout Ratio | 2.3% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 15.2% |
| Value at Risk 5%th | 25.1% |
| Relative Tail Risk | 0.23% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.29 |
| Alpha | 45.89 |
| CAGR/Max DD | 1.52 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.508 |
| Beta | -0.096 |
| Beta Downside | -0.140 |
| Drawdowns 3y | |
|---|---|
| Max DD | 14.46% |
| Mean DD | 4.32% |
| Median DD | 3.91% |
Description: ORA Orange S.A. September 29, 2025
Orange S.A. (ticker ORA) is a French-headquartered integrated telecommunications provider that delivers mobile voice, SMS and data services, as well as fixed-line broadband (both fiber and copper) to retail and business customers across France and 20+ overseas markets.
Beyond connectivity, the firm monetises a broad suite of B2B solutions-including unified communications, cloud-hosted infrastructure, security, video-conferencing and managed IT services-while also selling handsets, broadband equipment and connected IoT devices through its retail channels and third-party distributors.
Key operating metrics (2023 FY, Orange’s own reporting) show ~260 million total subscribers, €48 billion of revenue, and an EBITDA margin of roughly 30 %. Capital expenditures were €7.5 billion, driven largely by 5G roll-out in Europe and continued fiber-to-the-home (FTTH) deployment, which together account for ~45 % of net-capex.
Sector-level drivers that materially affect Orange’s outlook include the EU’s regulatory push for universal broadband coverage (target 100 % FTTH by 2030), the competitive race to monetize 5G spectrum (especially in IoT and private-network segments), and macro-economic trends such as inflation-linked cost pressures on network build-out and the gradual shift of advertising spend toward digital platforms where Orange’s mobile ad services compete.
For a deeper, data-rich assessment of Orange’s valuation assumptions and scenario analysis, you may find the research tools on ValueRay useful as a next step.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (1.54b TTM) > 0 and > 6% of Revenue (6% = 3.72b TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA -0.43pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -4.70% (prev -4.74%; Δ 0.04pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.10 (>3.0%) and CFO 10.19b > Net Income 1.54b (YES >=105%, WARN >=100%) |
| Net Debt (-32.0m) to EBITDA (17.03b) ratio: -0.00 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.89 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (2.66b) change vs 12m ago -0.07% (target <= -2.0% for YES) |
| Gross Margin 36.62% (prev 39.67%; Δ -3.05pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 60.21% (prev 40.62%; Δ 19.59pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.95 (EBITDA TTM 17.03b / Interest Expense TTM 2.21b) >= 6 (WARN >= 3) |
Altman Z'' 0.24
| (A) -0.03 = (Total Current Assets 23.85b - Total Current Liabilities 26.77b) / Total Assets 101.62b |
| (B) -0.03 = Retained Earnings (Balance) -2.58b / Total Assets 101.62b |
| (C) 0.06 = EBIT TTM 6.52b / Avg Total Assets 103.02b |
| (D) 0.08 = Book Value of Equity 5.48b / Total Liabilities 69.00b |
| Total Rating: 0.24 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 61.60
| 1. Piotroski 3.50pt |
| 2. FCF Yield 9.00% |
| 3. FCF Margin 5.08% |
| 4. Debt/Equity 0.26 |
| 5. Debt/Ebitda -0.00 |
| 6. ROIC - WACC (= 5.42)% |
| 7. RoE 5.15% |
| 8. Rev. Trend -35.06% |
| 9. EPS Trend -44.36% |
What is the price of ORA shares?
Over the past week, the price has changed by +2.18%, over one month by +1.66%, over three months by +1.48% and over the past year by +49.01%.
Is ORA a buy, sell or hold?
What are the forecasts/targets for the ORA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 15.5 | 9.9% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 18.8 | 33.5% |
ORA Fundamental Data Overview November 22, 2025
Market Cap EUR = 38.10b (38.10b EUR * 1.0 EUR.EUR)
P/E Trailing = 42.1471
P/E Forward = 10.8932
P/S = 0.9017
P/B = 1.2453
P/EG = 1.9452
Beta = 0.135
Revenue TTM = 62.03b EUR
EBIT TTM = 6.52b EUR
EBITDA TTM = 17.03b EUR
Long Term Debt = 7.51b EUR (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.42b EUR (from shortTermDebt, last quarter)
Debt = 7.51b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -32.0m EUR (from netDebt column, last quarter)
Enterprise Value = 35.02b EUR (38.10b + Debt 7.51b - CCE 10.58b)
Interest Coverage Ratio = 2.95 (Ebit TTM 6.52b / Interest Expense TTM 2.21b)
FCF Yield = 9.00% (FCF TTM 3.15b / Enterprise Value 35.02b)
FCF Margin = 5.08% (FCF TTM 3.15b / Revenue TTM 62.03b)
Net Margin = 2.48% (Net Income TTM 1.54b / Revenue TTM 62.03b)
Gross Margin = 36.62% ((Revenue TTM 62.03b - Cost of Revenue TTM 39.32b) / Revenue TTM)
Gross Margin QoQ = 11.43% (prev 56.11%)
Tobins Q-Ratio = 0.34 (Enterprise Value 35.02b / Total Assets 101.62b)
Interest Expense / Debt = 8.71% (Interest Expense 654.0m / Debt 7.51b)
Taxrate = 242.7% (out of range, set to none) (250.0m / 103.0m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.89 (Total Current Assets 23.85b / Total Current Liabilities 26.77b)
Debt / Equity = 0.26 (Debt 7.51b / totalStockholderEquity, last quarter 29.42b)
Debt / EBITDA = -0.00 (Net Debt -32.0m / EBITDA 17.03b)
Debt / FCF = -0.01 (Net Debt -32.0m / FCF TTM 3.15b)
Total Stockholder Equity = 29.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.51% (Net Income 1.54b / Total Assets 101.62b)
RoE = 5.15% (Net Income TTM 1.54b / Total Stockholder Equity 29.87b)
RoCE = 17.45% (EBIT 6.52b / Capital Employed (Equity 29.87b + L.T.Debt 7.51b))
RoIC = 10.15% (EBIT 6.52b / (Assets 101.62b - Curr.Liab 26.77b - Cash 10.58b))
WACC = 4.73% (E(38.10b)/V(45.61b) * Re(5.66%) + (debt cost/tax rate unavailable))
Discount Rate = 5.66% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -33.33 | Cagr: -0.05%
[DCF Debug] Terminal Value 76.31% ; FCFE base≈3.36b ; Y1≈2.97b ; Y5≈2.45b
Fair Price DCF = 16.73 (DCF Value 44.47b / Shares Outstanding 2.66b; 5y FCF grow -14.47% → 3.0% )
EPS Correlation: -44.36 | EPS CAGR: -56.59% | SUE: -4.0 | # QB: 0
Revenue Correlation: -35.06 | Revenue CAGR: -4.25% | SUE: 1.01 | # QB: 2