We maintain our Buy on the stock with a significant upside. This release is once again reassuring and we still believe the group does not deserve such a discount in terms of EV/EBITDA (at only 5x vs a little bit more than 6x on average for its peers). The dividend yield is 4.75% for 2018 and 5.1% for 2019… And Orange is a slight growth story in a no-growth sector with absolutely no risk on the dividend payment.
21 Feb 2018
Now a slight growth story
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Now a slight growth story
Orange SA (ORA:WBO) | 0 0 1.0% | Mkt Cap: 36,230m
- Published:
21 Feb 2018 -
Author:
Jean-Michel Salvador -
Pages:
3
We maintain our Buy on the stock with a significant upside. This release is once again reassuring and we still believe the group does not deserve such a discount in terms of EV/EBITDA (at only 5x vs a little bit more than 6x on average for its peers). The dividend yield is 4.75% for 2018 and 5.1% for 2019… And Orange is a slight growth story in a no-growth sector with absolutely no risk on the dividend payment.