[sofixa]

> That's a factor of about 2.2x, assuming 7% capital gains year-on-year.

Why would you assume 7% year on year? Did you look into Orange's stock price or quarterly/yearly reports, or did you think all companies have the same return as investing in the S&P500 would have?

https://www.boursorama.com/cours/1rPORA/

e.g. over 10 years, their stock price is roughly the same as it was back then after a few years slightly higher.

[codethief]

7% is (roughly) what you can make by investing in ETFs tracking some "world market" index like MSCI World, FTSE All World, et cetera, averaged over long periods.

[sofixa]

And most companies' business model isn't investing in ETFs. They usually try to do stuff that provides some value to someone, and some perform better, some perform worse than "world market" ETFs.

[Matheus28]

That stock pays dividends of about 7.07% a year it seems