OBEL.BR
BuySecond WindAI neutralOrange Belgium S.A. · Communication Services · Belgium · $1.7B cap · $46K/day traded
EUR 22.20 -0.4% · close 30 Oct · scored 31 Oct
Second Wind: Cheap and rising again, but the business does not yet earn the optimism.
As of 31 Oct 2026, MoatMap's StockRank for Orange Belgium S.A. (OBEL.BR) is 68/100, ranked against 24,000+ stocks in 35 markets (Quality 42, Value 54, Momentum 67, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Orange Belgium is the country's number-two mobile operator and, after buying cable operator VOO, a fixed broadband player in Wallonia and Brussels. A 15-year wholesale deal with Telenet giving mutual access to cable and fibre networks reduces the cost of building fibre. Still, Belgian telecoms is a mature, price-competitive market with a new low-cost entrant, the company carries acquisition debt, and analysts trimmed forward earnings 1.6% in the past month.
ABOUT ORANGE BELGIUM S.A.
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Orange Belgium S.A. is one of the leading telecommunications operators in Belgium, providing mobile, fixed-line, and broadband internet services to retail and corporate clients. Following its strategic acquisition of cable operator VOO, the company has established itself as a fully convergent telecom player with its own high-speed cable network in Wallonia and Brussels. Its competitive position is reinforced by the global scale, technological backing, and brand equity of its parent company, Orange Group.
FINANCIAL SUMMARY (EUR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.7B | 2.0B | 2.0B | 12.6% | 2.0B | 1.8B | 1.9B | -1.9% |
| EPS (EUR) | 0.97 | 0.00 | 0.34 | 0.61 | -14.3% | 0.83 | 0.61 | 0.68 | 5.7% |
| Shares | 59.9M | 59.9M | 67.4M | 67.4M | +12.5% | 67.4M | — | — | — |
| Debt | 488.7M | 2.2B | 2.1B | 2.1B | 62.4% | 2.0B | — | — | — |
| Equity | 689.0M | 664.5M | 959.3M | 1.0B | 13.5% | — | — | — | — |
| Op CF | 389.5M | 377.3M | 502.8M | 525.7M | 10.5% | 547.5M | — | — | — |
| Inv CF | -452.6M | -1.9B | -406.1M | -380.0M | — | — | — | — | — |
| Fin CF | 45.3M | 1.5B | -86.1M | -123.3M | — | — | — | — | — |
Above its 200-day average and 1% below its 52-week high.
Calmer than 99% of stocks we rank over the past year (9% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of OBEL.BR are excluded.
Peer medians: ROE 16.6% · P/E 13.0x · Gross margin 32.8%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.