Ticker
OPRA

Price
15.18
Stock movement down
-0.07 (-0.46%)
Company name
Opera Ltd
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Communication Services >
Internet Content & Information
Market cap
1.35B
Ent value
1.38B
Price/Sales
4.09
Price/Book
1.52
Div yield
5.27%
Div growth
-
Growth years
-
FCF payout
-
Trailing P/E
90.08
Forward P/E
20.24
PEG
-
EPS growth
18.75%
1 year return
53.33%
3 year return
11.84%
5 year return
15.77%
10 year return
-
Last updated: 2024-04-08

iO Charts is a Seeking Alpha partner

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

OPRA does not pay dividends or no data was received

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/E90.08
Price to OCF23.90
Price to FCF27.30
Price to EBITDA13.16
EV to EBITDA13.40

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales4.09
Price to Book1.52
EV to Sales4.16

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

FINANCIALS

Per share

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Per share data
Current share count89.22M
EPS (TTM)0.16
FCF per share (TTM)0.52

Income statement

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Income statement data
Revenue (TTM)331.04M
Gross profit (TTM)276.45M
Operating income (TTM)40.60M
Net income (TTM)15.03M
EPS (TTM)0.16
EPS (1y forward)0.75

Margins

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Margins data
Gross margin (TTM)83.51%
Operating margin (TTM)12.26%
Profit margin (TTM)4.54%

Balance Sheet

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Balance Sheet data
Cash52.41M
Net receivables131.52M
Total current assets340.21M
Goodwill429.44M
Intangible assets99.98M
Property, plant and equipment0.00
Total assets964.69M
Accounts payable46.94M
Short/Current long term debt7.83M
Total current liabilities64.33M
Total liabilities76.47M
Shareholder's equity888.21M
Net tangible assets0.00

Cash flow

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Cash flow data
Operating cash flow (TTM)56.66M
Capital expenditures (TTM)7.89M
Free cash flow (TTM)49.61M
Dividends paid (TTM)0.00

Financial returns

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Financial returns data
Return on Equity1.69%
Return on Assets1.56%
Return on Invested Capital1.68%
Cash Return on Invested Capital5.54%

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
Open15.40
Daily high15.60
Daily low15.16
Daily Volume336K
All-time high27.83
1y analyst estimate13.00
Beta0.95
EPS (TTM)0.16
Dividend per share0.80
Ex-div date2 Jan 2024
Next earnings date25 Apr 2024

Downside potential

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Downside potential data
OPRAS&P500
Current price drop from All-time high-45.45%-0.85%
Highest price drop-72.85%-56.47%
Date of highest drop24 Oct 20229 Mar 2009
Avg drop from high-42.45%-11.35%
Avg time to new high72 days13 days
Max time to new high934 days1805 days

iO Charts is a Seeking Alpha partner

COMPANY DETAILS
OPRA (Opera Ltd) company logo
Marketcap
1.35B
Marketcap category
Small-cap
Description
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. It operates in two segments, Browser and News, and Other. The company offers mobile browser products, such as Opera Mini, Opera for Android and iOS, Opera GX Mobile, and Opera Touch; PC browsers, including Opera for Computers and Opera GX; and Opera News, an AI-powered personalized news discovery and aggregation service. It also provides browser-based cashback rewards under the Dify brand name; owns GameMaker Studio, a 2D gaming development platform; and GXC, a gaming portal. In addition, the company operates online marketing platforms, including Opera Ads, an online advertising platform; and Opera Ads Manager, designs to create, manage, and report on digital advertising campaigns in one place allowing advertisers to reach customers. It operates in Ireland, Singapore, Russia, and internationally. The company was founded in 1995 and is headquartered in Oslo, Norway. Opera Limited is a subsidiary of Kunlun Tech Limited.
Employees
0
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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