Added to YB: 2024-04-16
Pitch date: 2024-04-07
OPRA [bullish]
Opera Limited
-0.72%
current return
Author Info
Bryce is an engineer/data geek who researches undervalued combo stocks (deep value + growth) Sign up for the newsletter.
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
$14.37
Price Target
N/A
Dividend
5.92%
EV/EBITDA
10.49
P/E
15.03
EV/Sales
1.89
Sector
Software
Category
growth
Opera - Chugging along towards $3B+ valuation with tailwinds
OPRA: 20% YoY rev growth to $397M in 2022 despite Q4 slowdown to 17%. AEBITDA +38% YoY, 23.6% margin. 2023 guide conservative at $450-465M rev, $108M AEBITDA (24% margin). Tailwinds: EU DMA law driving user growth (+164% iOS, +54% Android), expanded Google deal. Risks: Poor cashback execution. $0.80/ADS dividend well-covered. 20%+ growth possible with better cashback UX & DMA gains. Q1 outlook strong at $106-108M rev, 25% AEBITDA on DMA tailwind.
Read full article (3 min)