Ticker
OPRA

Price
19.08
Stock movement down
-0.99 (-4.93%)
Company name
Opera Ltd
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Communication Services >
Internet Content & Information
Market cap
1.69B
Ent value
1.68B
Price/Sales
3.96
Price/Book
1.83
Div yield
4.19%
Div growth
-
Growth years
-
FCF payout
40.78%
Trailing P/E
6.41
Forward P/E
16.45
PEG
-
EPS growth
38.00%
1 year return
70.81%
3 year return
35.38%
5 year return
14.30%
10 year return
-
Last updated: 2024-12-04

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iO Charts is a Seeking Alpha partner

BUSINESS INSIGHT

Segment Revenues ($M)

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Segment comments

Search and Advertising revenues are derived mainly from the core platforms: the Opera browsers and Opera News

Tech is basically the "Other" category, which includes everything outside Search and Advertising

Segment Adjusted EBITDA ($M)

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Fintech comments

Okash, Opera's main fintech arm was spun out and merged with Mobimagic in 20Q3, creating a new entity, Nanobank, of which Opera owns 42%. As a consequence, results are no longer consolidated into the standard results and an equity valuation model is used (Nanobank results are not included in operating results, but are treated as an investment and are visible on the balance sheet)

Nanobank's financial results are visible on a chart below

Opera's European Fintech (now Dify) operations have not had meaningful revenues, but are expected to ramp up soon

MAU distribution as of 2020 Dec (M)

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MAU distribution comments

In Africa, the Opera mobile browsers are very popular and a considerable portion of the company's products are developed specifically for African/Emerging markets

The main user base for the PC browsers is in Europe

MAU development of products (M)

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MAU comments

Management discloses different metrics every quarter, thus some numbers are missing for specific products

The in-house products of the company include: Browsers (Cornerstone product), Opera News, Opera Ads, Olist, Dify (Pocosys acquisition), Opera Games (YoYo Games + Opera GX browser)

Desktop browser market share (%)

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Source

Chrome is developed by Google, Firefox by Mozilla, Safari by Apple, the Opera browsers by Opera and IE was developed by Microsoft but has been discontinued

https://gs.statcounter.com/browser-market-share/desktop/worldwide#yearly-2009-2021

Mobile browser market share (%)

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Source

Chrome and the Android browser (as well as the OS) are developed by Google, Safari by Apple, UC Browser by a subsidiary of Alibaba, the Opera browsers by Opera, Samsung Internet by Samsung, Nokia by Nokia and Blackberry by Blackberry (then Research in Motion)

https://gs.statcounter.com/browser-market-share/mobile/worldwide#yearly-2009-2021

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share0.80
Dividend yield4.19%
Payout frequencySemi-annual
Maximum yield7.67%
Average yield5.81%
Minimum yield2.87%
Discount to avg yield-38.49%
Upside potential-27.79%
Yield as % of max yield54.66%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield4.19%
Current yield distribution92.54%
Yield at 100% (Min)2.87%
Yield at 90%4.41%
Yield at 80%5.09%
Yield at 50% (Median)5.81%
Yield at 20%6.76%
Yield at 10%7.21%
Yield at 0% (Max)7.67%

Dividend per share

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Dividend per share data
Years of growth-
CCC status-
Dividend per share0.80
Payout frequencySemi-annual
Ex-div date2 Jul 2024
EPS (TTM)2.95
EPS (1y forward)1.16
EPS growth (5y)38.00%
EPS growth (5y forward)-

Dividend growth

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Dividend growth data
OPRAS&P500
DGR MR--0.74%
DGR TTM-7.63%
DGR 3 years-5.24%
DGR 5 years-5.40%
DGR 10 years-7.07%
DGR 15 years-6.12%
Time since last change announced541 days
EPS growth (5y)38.00%
EPS growth (5y forward)-

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM12.07%40.78%
Average--
Forward68.97%-

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E6.41
Price to OCF19.92
Price to FCF21.67
Price to EBITDA19.89
EV to EBITDA19.86

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales3.96
Price to Book1.83
EV to Sales3.96

iO Charts is a Seeking Alpha partner

FINANCIALS

Per share

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Per share data
Current share count88.45M
EPS (TTM)2.95
FCF per share (TTM)0.87

Income statement

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Income statement data
Revenue (TTM)425.94M
Gross profit (TTM)271.90M
Operating income (TTM)70.38M
Net income (TTM)263.11M
EPS (TTM)2.95
EPS (1y forward)1.16

Margins

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Margins data
Gross margin (TTM)63.83%
Operating margin (TTM)16.52%
Profit margin (TTM)61.77%

Balance Sheet

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Balance Sheet data
Cash93.87M
Net receivables109.94M
Total current assets208.47M
Goodwill429.87M
Intangible assets99.07M
Property, plant and equipment0.00
Total assets1.01B
Accounts payable52.25M
Short/Current long term debt10.55M
Total current liabilities81.41M
Total liabilities91.10M
Shareholder's equity919.88M
Net tangible assets0.00

Cash flow

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Cash flow data
Operating cash flow (TTM)84.73M
Capital expenditures (TTM)6.84M
Free cash flow (TTM)77.89M
Dividends paid (TTM)31.77M

Financial returns

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Financial returns data
Return on Equity28.60%
Return on Assets26.03%
Return on Invested Capital28.27%
Cash Return on Invested Capital8.37%

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

STOCK INFORMATION

Stock chart

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Stock price data
Open20.04
Daily high20.17
Daily low18.82
Daily Volume1.20M
All-time high27.83
1y analyst estimate20.30
Beta0.88
EPS (TTM)2.95
Dividend per share0.80
Ex-div date2 Jul 2024
Next earnings date-

Downside potential

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Downside potential data
OPRAS&P500
Current price drop from All-time high-31.44%-
Highest price drop-72.85%-56.47%
Date of highest drop24 Oct 20229 Mar 2009
Avg drop from high-42.94%-11.14%
Avg time to new high80 days12 days
Max time to new high934 days1805 days

iO Charts is a Seeking Alpha partner

COMPANY DETAILS
OPRA (Opera Ltd) company logo
Marketcap
1.69B
Marketcap category
Small-cap
Description
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service. It provides Opera Crypto Browser for PCs and mobile; browser-based cashback rewards programs; owns GameMaker Studio, a 2D gaming development platform; and GXC, a gaming portal. In addition, the company operates Opera Ads, an online advertising platform; and offers Web3 and e-commerce services. Opera Limited was founded in 1995 and is headquartered in Oslo, Norway. Opera Limited is a subsidiary of Kunlun Tech Limited.
Employees
592
Investor relations
SEC filings
CEO
Ya Hui Zhou
Country
USA
City
Oslo
Stock type
American depositary share
CCC status
-
Dividend Frequency
Semi-annual
EVENTS AND PRESENTATIONS
EventsPresentations
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iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

UNDERSTAND THE BUSINESS
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