We have set up our new Discord server! Share your feedback and find like-minded people! Join our Discord
- Ticker
- OPRA
- Price
- 18.91
- Stock movement down
- -0.07 (-0.37%)
- Company name
- Opera Ltd
- Exchange
- (NASDAQ ,
- Currency
- USD )
- Sector
- Communication Services >Internet Content & Information
- Market cap
- 1.67B
- Ent value
- 1.67B
- Price/Sales
- 3.73
- Price/Book
- 1.84
- Div yield
- 4.23%
- Div growth
- -
- Growth years
- -
- FCF payout
- 39.98%
- Trailing P/E
- 10.49
- Forward P/E
- 8.45
- PEG
- -
- EPS growth
- 38.00%
- 1 year return
- 41.12%
- 3 year return
- 50.93%
- 5 year return
- 22.20%
- 10 year return
- -
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
BUSINESS INSIGHT
Segment Revenues ($M)
Search and Advertising revenues are derived mainly from the core platforms: the Opera browsers and Opera News
Tech is basically the "Other" category, which includes everything outside Search and Advertising
Segment Adjusted EBITDA ($M)
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)
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)
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 (%)
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 (%)
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
| Dividend per share | 0.80 |
| Dividend yield | 4.23% |
| Payout frequency | Semi-annual |
| Maximum yield | 7.67% |
| Average yield | 5.47% |
| Minimum yield | 2.87% |
| Discount to avg yield | -29.30% |
| Upside potential | -22.66% |
| Yield as % of max yield | 55.16% |
Yield distribution (inverse percentile) - 5y
| Dividend yield | 4.23% |
| Current yield distribution | 88.32% |
| Yield at 100% (Min) | 2.87% |
| Yield at 90% | 4.19% |
| Yield at 80% | 4.41% |
| Yield at 50% (Median) | 5.44% |
| Yield at 20% | 6.54% |
| Yield at 10% | 7.09% |
| Yield at 0% (Max) | 7.67% |
Dividend per share
| Years of growth | - |
| CCC status | - |
| Dividend per share | 0.80 |
| Payout frequency | Semi-annual |
| Ex-div date | 6 Jan 2025 |
| EPS (TTM) | 1.78 |
| EPS (1y forward) | 2.24 |
| EPS growth (5y) | 38.00% |
| EPS growth (5y forward) | - |
Dividend growth
| OPRA | S&P500 | |
| DGR MR | - | -13.74% |
| DGR TTM | - | 6.60% |
| DGR 3 years | - | 5.24% |
| DGR 5 years | - | 5.40% |
| DGR 10 years | - | 7.07% |
| DGR 15 years | - | 6.12% |
| Time since last change announced | 762 days |
| EPS growth (5y) | 38.00% |
| EPS growth (5y forward) | - |
Payout ratio
| EPS coverage | FCF coverage | |
| TTM | 23.59% | 39.98% |
| Average | - | - |
| Forward | 35.75% | - |
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
VALUATION
Valuation Ratios
| Trailing P/E | 10.49 |
| Price to OCF | 15.07 |
| Price to FCF | 17.78 |
| Price to EBITDA | 16.65 |
| EV to EBITDA | 16.60 |
Valuation (Sales/Book Value)
| Price to Sales | 3.73 |
| Price to Book | 1.84 |
| EV to Sales | 3.72 |
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
FINANCIALS
Per share
| Current share count | 88.48M |
| EPS (TTM) | 1.78 |
| FCF per share (TTM) | 1.05 |
Income statement
| Revenue (TTM) | 448.55M |
| Gross profit (TTM) | 237.79M |
| Operating income (TTM) | 83.17M |
| Net income (TTM) | 159.53M |
| EPS (TTM) | 1.78 |
| EPS (1y forward) | 2.24 |
Margins
| Gross margin (TTM) | 53.01% |
| Operating margin (TTM) | 18.54% |
| Profit margin (TTM) | 35.57% |
Balance Sheet
| Cash | 106.00M |
| Net receivables | 79.16M |
| Total current assets | 193.42M |
| Goodwill | 430.27M |
| Intangible assets | 97.45M |
| Property, plant and equipment | 0.00 |
| Total assets | 1.01B |
| Accounts payable | 63.68M |
| Short/Current long term debt | 8.96M |
| Total current liabilities | 91.93M |
| Total liabilities | 100.97M |
| Shareholder's equity | 911.69M |
| Net tangible assets | 0.00 |
Cash flow
| Operating cash flow (TTM) | 111.00M |
| Capital expenditures (TTM) | 31.02M |
| Free cash flow (TTM) | 94.13M |
| Dividends paid (TTM) | 37.63M |
Financial returns
| Return on Equity | 17.50% |
| Return on Assets | 15.75% |
| Return on Invested Capital | 17.43% |
| Cash Return on Invested Capital | 10.28% |
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
STOCK INFORMATION
Stock chart
| Open | 19.35 |
| Daily high | 19.45 |
| Daily low | 18.85 |
| Daily Volume | 203K |
| All-time high | 27.83 |
| 1y analyst estimate | 48.33 |
| Beta | 0.97 |
| EPS (TTM) | 1.78 |
| Dividend per share | 0.80 |
| Ex-div date | 6 Jan 2025 |
| Next earnings date | - |
Downside potential
| OPRA | S&P500 | |
| Current price drop from All-time high | -32.05% | -2.16% |
| Highest price drop | -72.85% | -56.47% |
| Date of highest drop | 24 Oct 2022 | 9 Mar 2009 |
| Avg drop from high | -42.40% | -11.04% |
| Avg time to new high | 86 days | 12 days |
| Max time to new high | 934 days | 1805 days |
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner