ILIAF - Orange: Asset-Rich Company But Poorly Valued

• Orange enjoys a resilient activity, barriers to entry, a strong market positioning and a cost advantage.
• Cash generation will improve going forward as the company will benefit from an easing competitive environment, the implementation of cost savings and lower capital investment requirements.
• The implementation of a monetization strategy for infrastructure assets should create value for shareholders given that little value is currently ascribed for these assets.
• Current valuation significantly undervalues company operations and existing assets.

For further details see: