Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
ORA.PAthis companyOrange S.A.	€15.08	101.43×	1.5×	0.93×	6.39×	138.2%	15.8%	8.1%	1.3%	2.1%	1.8%	9.2%	1.98×	3.2×	2.45×	1.1×	5.3%	6	0.64	2	C+
EN.PABouygues S.A.	€42.82	14.83×	1.31×	0.3×	4.92×	269.6%	5.5%	3.3%	2.0%	8.7%	3.7%	15.4%	1.16×	1.52×	2.71×	0.93×	4.4%	5	0.71	3	B+
OPL.WAOrange Polska S.A.	PLN 16.57	17.57×	0.99×	1.02×	5.35×	113.0%	8.2%	4.2%	5.8%	5.6%	2.0%	5.8%	0.54×	1.79×	1.55×	0.44×	5.2%	7	2.08	3	B
TEF.MCTelefónica, S.A.	€3.40	-4.31×	1.38×	0.56×	5.97×	347.8%	7.4%	4.2%	-12.3%	-30.3%	2.0%	23.7%	2.78×	3.75×	0.77×	0.89×	9.4%	5	0.8	2	C
TEL2-B.STTele2 AB (publ)	SEK 160.85	23.35×	4.81×	3.58×	10.58×	80.3%	43.5%	22.1%	15.3%	20.6%	9.6%	7.1%	1.31×	2.25×	6.72×	0.57×	4.1%	7	2.33	4	A-
Peer median	—	16.2×	1.34×	0.79×	5.66×	191.3%	7.8%	4.2%	3.9%	7.2%	2.9%	11.3%	1.24×	2.02×	2.13×	0.73×	4.8%	6	1.44	3	—