Added to YB: 2024-04-16
Pitch date: 2024-04-07
OPRA [bullish]
Opera Limited
+25.29%
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 Ireland, Singapore, the United States, and internationally.
Market Cap
$1.6B
Pitch Price
$13.99
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.74
P/E
14.15
EV/Sales
2.26
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.
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