Added to YB: 2024-03-07
Pitch date: 2024-03-04
OPRA [bullish]
Opera Limited
+11.6%
current return
Author Info
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Company Info
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally.
Market Cap
$1.2B
Pitch Price
$12.79
Price Target
20.00 (+40%)
Dividend
5.92%
EV/EBITDA
10.49
P/E
15.03
EV/Sales
1.89
Sector
Software
Category
special_situation
Opera Limited: Positioned for Growth and Capital Returns
$OPRA: Sum-of-parts suggests $20+ fair value; capital return catalyst like Jan '23 could spark re-rating of cheap 7.6x FY24 EBITDA ex-cash+investments. OPay stake ($269M) monetization likely near-term. Risks: stalled MAUs, Kunlun control+selling. Still, asymmetric risk/reward.
Read full article (2 min)