Orange S.A.
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
N/AN/AN/AN/A
Price/Sales ratio
N/AN/AN/AN/A
Earnings per Share (EPS)
$1.15$1.26$1.34$1.60

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
39.7915.2913.0020.2219.1611.485.3431.7611.4211.268.8411.48
Price/Sales ratio
0.931.000.930.930.900.810.600.570.560.620.440.81
Price/Book Value ratio
1.241.311.241.261.221.080.740.760.771.021.071.08
Price/Cash Flow ratio
4.184.254.363.783.933.392.022.192.182.282.003.39
Price/Free Cash Flow ratio
13.6723.09147.8914.5620.0919.866.2010.209.976.505.9519.86
Price/Earnings Growth ratio
-0.700.071.09-0.460.750.290.07-0.380.070.68-0.180.29
Dividend Yield
5.01%3.91%4.18%4.48%4.96%5.38%6.18%8.62%7.58%6.77%4.26%5.38%
Profitability Indicator Ratios
Gross Profit Margin
56.26%56.01%55.32%55.04%55.14%57.62%58.14%57.73%56.90%17.48%25.74%57.62%
Operating Profit Margin
11.58%11.78%9.96%11.96%11.66%14.03%13.06%10.60%11.04%10.71%26.29%11.66%
Pretax Profit Margin
7.43%7.85%4.83%7.79%8.37%11.07%9.95%4.08%8.92%8.59%9.15%8.37%
Net Profit Margin
2.34%6.59%7.17%4.63%4.72%7.11%11.40%1.82%4.93%5.53%5.05%4.72%
Effective Tax Rate
53.63%20.54%48.98%33.97%37.75%30.94%-20.14%55.35%32.59%22.96%26.55%30.94%
Return on Assets
1.04%2.90%3.10%2.01%2.02%2.82%4.47%0.71%1.95%2.14%3.07%2.02%
Return On Equity
3.12%8.58%9.56%6.25%6.37%9.47%14.01%2.39%6.75%9.07%11.03%6.37%
Return on Capital Employed
6.68%6.79%5.88%7.48%7.28%7.53%6.94%5.58%5.96%5.68%21.90%7.28%
Liquidity Ratios
Current Ratio
1.000.920.740.710.720.900.88N/AN/AN/A0.920.72
Quick Ratio
0.970.890.700.680.690.860.850.910.880.770.890.69
Cash ratio
0.330.200.250.200.180.230.280.310.200.180.280.18
Days of Sales Outstanding
52.1353.8156.1856.6556.9856.4259.2064.2866.1264.5941.0456.42
Days of Inventory outstanding
15.0015.7316.3516.3318.9718.4716.7919.3320.4211.546.9918.47
Operating Cycle
67.1369.5472.5472.9975.9674.8975.9983.6186.5476.1448.0374.89
Days of Payables Outstanding
122.18128.43124.06128.95132.44136.27133.59136.83137.7070.5950.29136.27
Cash Conversion Cycle
-55.05-58.88-51.52-55.95-56.48-61.37-57.59-53.21-51.165.54-2.25-56.48
Debt Ratios
Debt Ratio
0.390.370.360.350.360.340.330.330.340.31N/A0.34
Debt Equity Ratio
1.181.111.111.101.131.161.051.121.181.32N/A1.16
Long-term Debt to Capitalization
0.500.490.490.470.470.510.460.490.500.56N/A0.51
Total Debt to Capitalization
0.540.520.520.520.530.530.510.520.540.56N/A0.53
Interest Coverage Ratio
3.092.983.834.333.684.794.65N/AN/AN/A26.443.68
Cash Flow to Debt Ratio
0.250.270.250.300.270.270.350.300.290.33N/A0.27
Company Equity Multiplier
2.992.953.083.103.143.353.133.343.444.233.943.14
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.220.230.210.240.220.240.300.260.250.270.220.24
Free Cash Flow / Operating Cash Flow Ratio
0.300.180.020.260.190.170.320.210.210.350.330.19
Cash Flow Coverage Ratio
0.250.270.250.300.270.270.350.300.290.33N/A0.27
Short Term Coverage Ratio
1.792.101.831.611.302.582.092.532.02N/AN/A2.58
Dividend Payout Ratio
199.56%59.91%54.37%90.71%95.18%61.77%33.07%274.09%86.71%76.31%76.45%61.77%