Opera Limited stock page - price, fundamentals, dividends - iOCharts

OPRA

6.69
-0.32 (-4.56%)
Opera Limited (NASDAQ, USD)
Technology >
Software-Infrastructure
Market cap
770.33M
Ent value
770.89M
Price/Sales
2.69
Price/Book
0.69
Div yield
-
Div growth
-
Growth years
-
FCF payout
-
Trailing P/E
4.38
Forward P/E
12.62
PEG
-
EPS growth
-
1 year return
-28.53%
3 year return
-3.04%
5 year return
-
10 year return
-
Last updated: 2022-01-17

STOCK INFORMATION

Stock chart

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Stock price data
Open6.90
Daily high7.11
Daily low6.63
Daily Volume195K
All-time high14.62
1y analyst estimate16.23
Beta1.10
EPS (TTM)0.77
Dividend per share-
Ex-div date-
Next earnings date11 Nov 2021

Downside potential

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Downside potential data
OPRAS&P500
Current price drop from All-time high-54.24%-2.72%
Highest price drop-67.99%-56.47%
Date of highest drop8 Apr 20209 Mar 2009
Avg drop from high-36.54%-11.36%
Avg time to new high125 days12 days
Max time to new high597 days1805 days

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

20Q4 numbers (except for PC users) are from the company's 20-F report, as management decided not to disclose the numbers in the usual quarterly report

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)

Investee revenues ($M - ex Nanobank)

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Investment comments

The company has notable stakes in 5 companies. Opera owns 42% of Nanobank, 13.1% of Opay, 19.4% of StarMaker, 29.1% of nHorizon and 9.9% of Fjord Bank

OPay is the largest mobile payment platform in Nigeria with $2B+ monthly transaction volume as of December 2020

StarMaker is a karaoke app used mainly in India, the Middle East and Indonesia. It has 50M+ users and $180M revenue runrate as of 21Q1

For Nanobank details, refer to the corresponding chart below

nHorizon is a joint venture and operates an Opera browser in China

The smallest notable equity stake is in Fjord Bank with a 9.9% interest, which Opera acquired for €0.77M in 2021 January

Estimated equity value of investees ($M - 2020 Dec 31)

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Investment comments

Opera liquidated all of its remaining stake in Powerbets in 2020

nHorizon's estimated value was $1M in 2019 and $0.5M in 2020. Because of the tiny amount it is not on the chart

Nanobank Financials ($M)

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Nanobank comments

Opera owns 42% of Nanobank

Nanobank runs a microlending business, serves over 50M+ users as of the end of 2020 and has issued $2B+ worth of loans in 2019 and 2020

The company has substantial operations in 4 markets: India, Indonesia, Mexico and Kenya

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

DIVIDENDS

OPRA does not pay dividends

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E4.38
Price to OCF8.25
Price to FCF9.00
Price to EBITDA14.30
EV to EBITDA14.31

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales2.69
Price to Book0.69
EV to Sales2.69

FINANCIALS

Per share

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Per share data
Current share count115.15M
EPS (TTM)0.77
FCF per share (TTM)0.37

Income statement

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Income statement data
Revenue (TTM)286.09M
Gross profit (TTM)220.23M
Operating income (TTM)-1.49M
Net income (TTM)176.05M
EPS (TTM)0.77
EPS (1y forward)0.53

Margins

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Margins data
Gross margin (TTM)76.98%
Operating margin (TTM)-0.52%
Profit margin (TTM)61.54%

Balance Sheet

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Balance Sheet data
Cash89.96M
Net receivables47.53M
Total current assets254.39M
Goodwill433.50M
Intangible assets107.35M
Property, plant and equipment0.00
Total assets1.21B
Accounts payable36.59M
Short/Current long term debt0.00
Total current liabilities77.65M
Total liabilities90.53M
Shareholder's equity1.12B
Net tangible assets581.12M

Cash flow

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Cash flow data
Operating cash flow (TTM)93.33M
Capital expenditures (TTM)7.78M
Free cash flow (TTM)85.55M
Dividends paid (TTM)0.00

Financial returns

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Financial returns data
Return on Equity16.82%
Return on Assets15.89%
Return on Invested Capital16.76%
Cash Return on Invested Capital8.14%
COMPANY DETAILS
OPRA (Opera Limited) company logo
Marketcap
770.33M
Marketcap category
Small-cap
Description
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. The company offers mobile browser products, such as Opera Mini, Opera for Android, and Opera Touch; PC browsers, including Opera for Computers and Opera GX; and Opera News, a personalized news aggregation app. It also provides fintech and payment products and solutions under the Dify brand name; and owns GameMaker, a 2D gaming development platform. In addition, the company operates online marketing platforms, including Opera Ads, online advertising platform; OLeads that provides small and medium enterprises free websites that Opera can monetize through online advertising leads; and OList, a part of the Opera for business offering in Nigeria. It operates in India, Ireland, Kenya, Russia, and internationally. The company was founded in 1996 and is headquartered in Oslo, Norway. Opera Limited is as subsidiary of Kunlun Tech Limited.
Employees
577
Investor relations
SEC filings
CEO
Ya Hui Zhou
Country
USA
City
Oslo
Stock type
American depositary share
CCC status
-
Dividend Frequency
-
EVENTS AND PRESENTATIONS
EventsPresentations
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UNDERSTAND THE BUSINESS
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COMPANY NEWS
All newsPress releases
Opera Limited (NASDAQ: OPRA), one of the world's major browser developers and a leading internet consumer brand, announced today that Frode Jacobsen, Chief Financial Officer, and Matthew Wolfson, Vice...
January 7, 2022
This cryptocurrency is helping improve on Ethereum's leadership as the blockchain developer network of choice.
December 22, 2021
Opera (NASDAQ:OPRA) today announced the renewal on substantially similar terms of the multi-year commercial agreement to distribute Google Search in Opera browsers. Opera has had a search distribution...
December 20, 2021
Opera [NASDAQ: OPRA], a leading global web innovator chosen by hundreds of millions of users globally, is collaborating with Butter, one of only two Buy-Now-Pay-Later (BNPL) platforms regulated by the...
December 15, 2021
Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. While...
December 6, 2021
Opera Limited (NASDAQ: OPRA), one of the world's major browser developers and a leading internet consumer brand, announced today that Frode Jacobsen, Chief Financial Officer, and Matthew Wolfson, Vice...
December 3, 2021
Opera Limited (NASDAQ: OPRA), one of the world's major browser developers and a leading internet consumer brand, announced today that Frode Jacobsen, Chief Financial Officer, and Matthew Wolfson, Vice...
November 16, 2021
Opera [NASDAQ: OPRA], a leading global web innovator with an engaged and growing base of hundreds of millions of monthly active users, recently announced the expansion of its new integrated browser ca...
November 12, 2021
Opera Limited (Nasdaq: OPRA), one of the world's largest internet consumer brands with hundreds of millions of users worldwide, today announced that it will hold its 2021 Annual General Meeting of sha...
November 4, 2021
With me today, I have our co-CEO Song Lin; and our CFO, Frode Jacobsen. Before I hand over the call to Song Lin I would like to remind everyone that in the conference call today, the company will be ...
October 29, 2021
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