Operating Margin

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Price: 15.295 EUR -0.71%

Market Cap: €40.6B

11%

Declining

by 2.3%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

11%

Operating Income

€4.4B

Revenue

€40.3B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

11%

Operating Income

€4.4B

Revenue

€40.3B

Peer Comparison

Country		Company	Market Cap	Operating Margin
FR		Orange SA PAR:ORA	40.6B EUR	Loading...
ZA	M	MTN Group Ltd JSE:MTN	3.3B ZAR	Loading...
US		Verizon Communications Inc NYSE:VZ	166B USD	Loading...
US		AT&T Inc NYSE:T	163.9B USD	Loading...
DE		Deutsche Telekom AG XETRA:DTE	131.2B EUR	Loading...
JP		Nippon Telegraph and Telephone Corp TSE:9432	12.8T JPY	Loading...
CN		China Telecom Corp Ltd SSE:601728	531.7B CNY	Loading...
SG		Singapore Telecommunications Ltd SGX:Z74	75.5B SGD	Loading...
SA		Saudi Telecom Company SJSC SAU:7010	189.1B SAR	Loading...
CH		Swisscom AG SIX:SCMN	32.5B CHF	Loading...
AU		Telstra Corporation Ltd ASX:TLS	54.5B AUD	Loading...

Market Distribution

Min	-17 526.7%
30th Percentile	1.3%
Median	6.1%
70th Percentile	11.5%
Max	89 700%

Other Profitability Ratios

Orange SA
Glance View

Market Cap

40.6B EUR

Industry

Telecommunication

Orange SA, a beacon in the telecommunications industry, has a storied history that traces its roots back to France, where it began as the state-owned monopoly known as France Télécom. Over the years, Orange has evolved into a global powerhouse, with operations sprawling across continents, but it remains deeply anchored in its European stronghold. The metamorphosis from a national telecom operator to an international juggernaut was fueled by strategic investments and innovations, notably in mobile and internet services. Orange's revenue stream is primarily derived from its substantial customer base engaged in mobile, broadband, and television subscriptions. With the continuing digital revolution, Orange has also plunged into the ambitious domain of digital services, cloud computing, and cybersecurity, expanding its portfolio beyond traditional telecommunication services. The company operates through a diverse array of segments, ensuring a steady flow of income from various sources. Orange's consumer segment dominates, with millions relying on its mobile services for seamless connectivity across borders. Meanwhile, the business solutions arm leverages its expertise to cater to large enterprises, offering a blend of integrated services, including IT consulting and network management. Beyond connectivity, Orange is increasingly capitalizing on the burgeoning field of content and media through its subsidiaries, which delve into entertainment. Additionally, the company's foray into financial services with Orange Bank in various countries underscores its commitment to harnessing technology's power to explore new avenues for growth. This multi-faceted approach to generating revenue highlights Orange's foresight in adapting its business model to meet the demands of a rapidly changing digital age.

View 1ORA Analysis

1ORA Intrinsic Value

Undervaluation 56%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Orange SA
MIL:1ORA

Peer Comparison

Market Distribution

Other Profitability Ratios

Orange SA
Glance View

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Orange SA MIL:1ORA