Iliad (ILD.PA) Stock Price

Iliad Price

Delisted

Over the last 19 years Iliad grew revenue by 25.3% annually, reaching 5.87 B EUR. Earnings per share have grown at 16.1% per year over the last 19 years. For Iliad, the net margin of 7.3% is down versus 8.5% a few years ago. The payout ratio is around 36% of earnings. The dividend has grown at 15.4% per year over the past 16 years.

Iliad stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Iliad over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Iliad stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Iliad's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Iliad Stock Price History
DateIliad Price
Access this data via the Eulerpool API

Iliad Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2018
4.89 B EUR
700.00 M EUR
323.00 M EUR
Jan 1, 2019
5.33 B EUR
218.00 M EUR
1.72 B EUR
Jan 1, 2020
5.87 B EUR
554.00 M EUR
427.00 M EUR
Jan 1, 2021 (e)
7.60 B EUR
0.00 EUR
521.60 M EUR
Jan 1, 2022 (e)
7.95 B EUR
0.00 EUR
611.09 M EUR
Jan 1, 2023 (e)
8.38 B EUR
0.00 EUR
765.24 M EUR
Jan 1, 2024 (e)
8.51 B EUR
0.00 EUR
918.22 M EUR
Jan 1, 2025 (e)
8.60 B EUR
0.00 EUR
1.11 B EUR

Iliad Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 9, 2026, 11:17 AM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB EUR
EBITM EUR
EBIT MARGIN%
NET INCOMEB EUR
NET INCOME GROWTH%
DIV.EUR
SHARESM
201020112012201320142015201620172018201920202021e2022e2023e2024e2025e
2.042.123.153.754.174.414.724.994.895.335.877.607.958.388.518.60
4.304.1248.5918.8411.215.936.985.61-1.939.0210.1129.364.655.491.511.02
55.8455.1446.1545.4843.5848.4450.0451.9655.6160.1165.0165.0165.0165.0165.0165.01
1.141.171.461.701.822.142.362.592.723.213.824.945.175.455.535.59
682.00493.00472.00586.00614.00728.00767.00905.00700.00218.00554.00
33.4623.2314.9715.6414.7316.4916.2418.1514.314.099.44
0.310.250.190.270.280.330.400.400.321.720.430.520.610.770.921.11
78.86-19.81-24.7042.334.8318.4420.06-1.00-18.64432.20-75.1622.0117.2725.2020.0021.13
2.60
58.8858.5259.4459.8160.0460.0960.4159.9658.5658.3958.7658.7658.7658.7658.7658.76
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Iliad generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Iliad retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Iliad's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Iliad has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Iliad's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Iliad stock margins

The Iliad margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Iliad. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Iliad.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2016
50.06 %
16.25 %
8.49 %
Jan 1, 2017
51.96 %
18.15 %
7.98 %
Jan 1, 2018
55.61 %
14.31 %
6.60 %
Jan 1, 2019
60.11 %
4.09 %
32.24 %
Jan 1, 2020
65.01 %
9.44 %
7.27 %
Jan 1, 2021 (e)
65.01 %
0.00 %
6.87 %
Jan 1, 2022 (e)
65.01 %
0.00 %
7.69 %
Jan 1, 2023 (e)
65.01 %
0.00 %
9.13 %

Iliad Stock Revenue, EBIT, Earnings per Share

The Iliad earnings per share therefore indicates how much revenue Iliad has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2016
78.17 EUR
12.70 EUR
6.64 EUR
Jan 1, 2017
83.18 EUR
15.10 EUR
6.64 EUR
Jan 1, 2018
83.52 EUR
11.95 EUR
5.52 EUR
Jan 1, 2019
91.32 EUR
3.73 EUR
29.44 EUR
Jan 1, 2020
99.91 EUR
9.43 EUR
7.27 EUR
Jan 1, 2021 (e)
129.25 EUR
0.00 EUR
8.88 EUR
Jan 1, 2022 (e)
135.26 EUR
0.00 EUR
10.40 EUR
Jan 1, 2023 (e)
142.68 EUR
0.00 EUR
13.02 EUR

Iliad business model & stock analysis

Iliad SA is a French telecommunications company that was founded in 1991. The company is known for its brand, Free, which is primarily known for its affordable and innovative business model in the fixed-line and mobile telecommunications sector. Iliad SA's business model is based on minimizing the costs of operating a telecommunications company while maintaining a high-quality network. This is enabled through consistent investments in building its own infrastructure and innovations in delivering telecommunications services. The company offers a wide range of services, divided into three main areas: internet access, landline telephony, and mobile telecommunications. Iliad SA is able to offer its customers high-quality services at affordable prices, which has helped it build a strong customer base. In the realm of internet access, the company offers various speeds and packages tailored to the needs of its customers. The offerings include "Basic" access with speeds of up to 1 Gbit/s, "Full" access with speeds of up to 10 Gbit/s, as well as fiber optic access. In the landline telephony sector, the company offers different packages that are customized to the customers' requirements. The company focuses on an offering that utilizes Voice-over-Internet-Protocol (VoIP) technology to provide its customers with a cost-effective solution. In the mobile telecommunications sector, the company has introduced a new generation of mobile services based on a technology called "4G". This technology provides faster and more reliable mobile connectivity, enabling customers to utilize their data and internet connections more efficiently. Iliad SA has achieved its success through its business strategy, which aims to meet the needs and demands of its customers. The company regularly conducts surveys to ensure that it is able to respond to its customers' needs and adapt its services accordingly. Another factor contributing to Iliad SA's success is its focus on technological innovation. The company has focused on developing and implementing innovative technologies for delivering telecommunications services. For example, the company early on invested in building fiber optic networks to provide customers with faster and more reliable broadband internet connections. Overall, Iliad SA has established itself as a leading provider of telecommunications services in Europe. The company has built a reputation for its customer-centric approach, innovative technology, and affordable prices. The success of Iliad SA demonstrates that it is possible to succeed in highly competitive telecommunications markets by focusing on innovation and customer orientation.

Iliad SWOT Analysis

Strengths

Iliad SA has a strong market presence and a well-established brand reputation in the telecommunications industry.

The company offers a wide range of innovative and competitive products and services, including broadband internet, mobile telephony, and television services.

Iliad SA has a large customer base and a strong customer loyalty, which helps maintain a stable revenue stream.

The company has a strong technology infrastructure and invests in research and development to stay ahead in the market.

Weaknesses

Iliad SA heavily relies on the French market for its revenue, which makes it vulnerable to any economic or regulatory changes specific to that market.

The company faces intense competition and price pressure from other telecom operators, which can impact its profitability.

Iliad SA has limited international presence, which limits its growth opportunities in global markets.

Opportunities

Expansion into new markets and geographical regions can help Iliad SA diversify its revenue sources and reduce dependence on a single market.

The increasing demand for high-speed internet and mobile connectivity presents opportunities for the company to further expand its broadband and mobile services.

Iliad SA can leverage its brand reputation and customer base to introduce new value-added services and generate additional revenue.

Threats

Rapid technological advancements and changing customer preferences can pose a threat to Iliad SA's business model if it fails to adapt and innovate accordingly.

Regulatory changes and government policies can impact the company's operations and profitability.

Intense competition in the telecommunications industry can lead to price wars and margin erosion, affecting Iliad SA's financial performance.

Iliad Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Iliad historical P/E ratio, EBIT multiple, and P/S ratio

Iliad annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Iliad shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2016
60.41 M Stocks
Jan 1, 2017
59.96 M Stocks
Jan 1, 2018
58.56 M Stocks
Jan 1, 2019
58.39 M Stocks
Jan 1, 2020
58.76 M Stocks
Jan 1, 2021 (e)
58.76 M Stocks
Jan 1, 2022 (e)
58.76 M Stocks
Jan 1, 2023 (e)
58.76 M Stocks

Iliad Dividend History

18 years of dividend payments · 7 consecutive increases

YearAnnual DividendYoY ChangePayments
20213.00EUR 15.4%
20202.60EUR 188.9%
20190.90EUR 32.4%
20180.68EUR 54.5%
20170.44EUR 7.3%
20160.41EUR 5.1%
20150.39EUR 5.4%
20140.37EUR 0.0%
20130.37EUR 0.0%
20120.37EUR 7.5%

Iliad dividend payout ratio

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2016
6.18 %
Jan 1, 2017
6.63 %
Jan 1, 2018
12.33 %
Jan 1, 2019
3.06 %
Jan 1, 2020
35.78 %
Jan 1, 2021 (e)
29.29 %
Jan 1, 2022 (e)
22.71 %
Jan 1, 2023 (e)
29.26 %
Price targets and forecasts for Iliad are not yet available.

Iliad Analyst Rating Actions

DateFirmActionRating
8/2/2021
HSBC
HSBC
DowngradeBuyHold
7/8/2021
HSBC
HSBC
UpgradeHoldBuy

Iliad Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
9/3/20202.15EUR-2.81 BEUR-2020 Q2
3/17/2020-0.59EUR-2.77 BEUR-2019 Q4
3/19/20193.69EUR-2.50 BEUR-2018 Q4
9/4/20183.96EUR-2.49 BEUR-2018 Q2
3/13/20183.51EUR-2.56 BEUR-2017 Q4
9/1/20173.92EUR-2.48 BEUR-2017 Q2
3/7/20173.92EUR-2.42 BEUR-2016 Q4
8/31/20153.21EUR-2.21 BEUR-2015 Q2
8/27/2009-EUR-984.45 MEUR-2009 Q2
8/28/2008-EUR-704.14 MEUR-2008 Q2

Iliad shareholder structure

% Name
84.67825%
Niel (Xavier)
Niel (Xavier)
0.87623%
AXA Investment Managers Paris
AXA Investment Managers Paris
0.71700%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.69366%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.59160%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.42518%
Lombard Odier Asset Management (Europe) Ltd
Lombard Odier Asset Management (Europe) Ltd
...

Frequently asked questions about Iliad

The business model of Iliad SA revolves around providing telecommunication services. As a leading French telecommunications company, Iliad SA offers a wide range of services including fixed-line telephony, mobile telephony, internet access, and television services. The company operates under various brands such as Free, Free Mobile, and Freebox. Iliad SA differentiates itself by offering affordable and innovative packages to its customers, disrupting the market and challenging competitors. By focusing on cost-effective solutions and continuously improving its offerings, Iliad SA aims to provide high-quality telecommunications services to both residential and business customers.

Iliad SA is primarily active in the telecommunications industry.

The main competitors of Iliad SA in the market are Orange SA and Bouygues Telecom.

Iliad SA, a telecommunications company based in France, has an interesting history and background. Founded in 1990 by Xavier Niel, the company initially focused on delivering internet connectivity. Over time, Iliad expanded its services and became a leading player in the telecommunications market. One of its notable achievements was the launch of the low-cost mobile operator Free Mobile in 2012, disrupting the industry with its competitive pricing and innovative offers. With its dedication to providing affordable and high-quality services, Iliad SA has gained a strong reputation in the telecommunications sector and continues to grow globally.

Iliad SA, a renowned telecommunications company, has achieved significant milestones throughout its history. One of the most notable accomplishments was the launch of its subsidiary, Free Mobile, in 2012, which revolutionized the French market by introducing low-cost mobile services. In 2004, Iliad SA became a publicly-traded company and expanded its operations in broadband internet services. Furthermore, the company successfully entered the Italian market in 2018 through the acquisition of various assets. With its continuous innovation and customer-centric approach, Iliad SA has emerged as a prominent player in the telecommunications industry, establishing a strong reputation both nationally and internationally.

Iliad SA is primarily present in France, where it originated and expanded its operations. The company is well-known for its telecommunications services and is one of the major players in the French market. As a leading provider of fixed and mobile services, Iliad SA has established a strong presence nationwide. Additionally, the company has begun venturing into other European countries, such as Italy, where it has started offering mobile services under the brand name "Iliad Italia." With ambitions to further expand its footprint, Iliad SA continues to broaden its reach across various regions and countries.

Iliad SA, a prominent telecommunications company, embodies a set of core values and an influential corporate philosophy. With a strong focus on innovation and customer satisfaction, Iliad SA aims to provide high-quality, affordable services to consumers. The company prioritizes accessibility and aims to bridge the digital divide by offering inclusive solutions. Iliad SA also emphasizes social responsibility, making continuous efforts to reduce its environmental impact. By promoting community engagement and investing in the future of technology, Iliad SA strives to enhance connectivity and contribute positively to society.

The Iliad share (ILD.PA) is listed on 2 stock exchanges, including: London (0MGY.L).

Iliad SA is a leading provider in the telecommunications industry and offers its customers a variety of products and services. The company was founded in 1990 and is based in Paris, France. Iliad SA's business model is based on the principle of disruption. The company aims to revolutionize the telecommunications market through innovative and affordable products. It has proved this possible by dominating the French telecommunications market. The company's goal is to offer customers a cost-effective alternative to established providers by offering high-quality products and services at lower prices. Iliad SA offers various services, including mobile, fixed-line internet, and entertainment. The company operates one of the largest mobile networks in France and offers a wide range of mobile phone services to its customers. The company also offers fixed-line internet with high download speeds and unlimited data volume. Iliad SA is also active in the entertainment sector, offering its customers high-quality TV and streaming services. Iliad SA's strategy for customer acquisition and retention is to offer its customers a unique experience and a wide range of services. The company also uses aggressive pricing strategies and advertising campaigns to increase brand awareness and undercut competitors. The company has also advanced expansion plans into other countries, including Italy and Germany. Iliad SA plans to take over these countries through similar strategies and offer competitive deals to replicate its success. Another key element of Iliad SA's business model is the use of technology to increase efficiency and reduce costs. The company uses automated processes such as real-time monitoring to optimize its networks and minimize downtime. Likewise, efficient customer support is ensured through the use of chatbots and AI systems. In terms of environmental protection, Iliad SA has also done pioneering work. The company is committed to reducing its energy consumption and CO2 emissions, using renewable energy sources, and aiming to become completely carbon-free. Overall, Iliad SA's business model has helped make the company a leading provider in the telecommunications industry. With a focus on technology-driven cost efficiency and unwavering commitment to customer satisfaction, Iliad SA is strongly focused on growth, not only in France but also in other countries. Output: Iliad SA is a leading telecommunications provider that revolutionizes the industry through innovative and affordable products. They dominate the French market and aim to offer cost-effective alternatives to established providers. They offer mobile, internet, and entertainment services. Their strategy includes a unique customer experience, aggressive pricing, and expanding into other countries. They use technology for efficiency and cost reduction and are committed to environmental protection. Overall, they are a successful and growing company.

The revenue cannot currently be calculated for Iliad.

The profit cannot currently be calculated for Iliad.

The P/E ratio cannot be calculated for Iliad at the moment.

The P/S cannot be calculated for Iliad currently.

The Eulerpool Quality Score for Iliad is 3/10.

The ISIN of Iliad is FR0004035913. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Iliad is A0BLZB. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Iliad is ILD.PA. The ticker symbol is used to trade Iliad shares on the stock exchange.

The current dividend yield of Iliad is - %.

Iliad is assigned to the 'Communication' sector.

The dividends of Iliad are distributed in EUR.

All fundamentals and in-depth analysis of Iliad

Our stock analysis for Iliad stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Iliad. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.