Professional
Added to YB: 2022-03-23
Pitch date: 2022-03-23
OPRA [bullish]
Opera Limited
+201.17%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. 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
$4.74
Price Target
N/A
Dividend
5.92%
EV/EBITDA
10.49
P/E
15.03
EV/Sales
1.89
Sector
Software
Category
N/A
Opera (OPRA) - Share Buybacks/Hidden Assets - Upside TBD
OPRA: $5.72/share. $2.68/share cash + $1.35/share private investments + profitable browser/news biz at 4x 2022 EBITDA. 50% YoY revenue growth in 2021, 22% projected for 2022. $50M buyback (50% of float). Risks: limited visibility, marketing-driven growth, related party deals, Chinese control. Upside potential from monetizing investments (OPay, Nanobank, StarMaker).
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