Orange S.A. (ORA.PA) stock analysis

In our weekly check, Orange S.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 6, red flags: 5.

About Orange S.A.

Orange S.A. is a Communication Services company (Telecommunications Services) based in France, listed on PAR as ORA.PA.

What our checks show for ORA.PA

Red flags

• The gross margin fell by 20.8 points, to 15.8%: costs are rising faster than prices.
• Revenue fell 2.4% a year over the last 3 years.
• The net margin is only 1.3%: little room if costs rise.
• The dividend takes 331% of profit: little cushion if profit falls.
• The stock has fallen as much as 73% from a peak. Would you have held through that?

Warning signs

• Net debt is 3.2x a year of EBITDA (debt/equity 1.78). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 2.7 times: a weak year could make the payments hard.
• Earnings per share fell 42.3% a year over the last 3 years.
• Net profit fell 36.9% a year over the last 3 years.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 5.1%.

Strengths

• The net margin rose by 0.8 points over 5 years, to 1.3%.
• Operating cash flow is 20.04x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 111% a year over the next years.
• Analysts expect the net margin to improve by 5.9 points from today's 1.3%.
• The price is 9.1 times earnings (P/E), reasonable for its growth.
• A large company: market value $42.26 billion.

Similar companies

SCMN.SW · 7020.SR · VOD.L · TLS.AX · Z74.SI · VIV

Questions

What grade does Orange S.A. (ORA.PA) have?

In our weekly check, Orange S.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 6, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ORA.PA stock?

This week's biggest flags for Orange S.A.: Gross margin falling, Weak revenue growth, Thin margins. In total 11 of 25 checks show a warning or a red flag.

What does Orange S.A. do?

Orange S.A. is a Communication Services company (Telecommunications Services) based in France, listed on PAR as ORA.PA.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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