Opera Ltd
NASDAQ:OPRA

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Opera Ltd
NASDAQ:OPRA
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Price: 17.75 USD 2.31% Market Closed
Market Cap: $1.6B

EV/IC

1.6
Current
10%
Cheaper
vs 3-y average of 1.8

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.6
=
Enterprise Value
$1.2B
/
Invested Capital
$898.3m

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.6
=
Enterprise Value
$1.2B
/
Invested Capital
$898.3m

Valuation Scenarios

Opera Ltd is trading below its 3-year average

If EV/IC returns to its 3-Year Average (1.8), the stock would be worth $19.72 (11% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-58%
Maximum Upside
+25%
Average Downside
5%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.6 $17.75
0%
3-Year Average 1.8 $19.72
+11%
5-Year Average 1.6 $18.07
+2%
Industry Average 2 $22.22
+25%
Country Average 0.7 $7.38
-58%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
NO
Opera Ltd
NASDAQ:OPRA
1.6B USD 1.6 14.7
US
Ezenia! Inc
OTC:EZEN
567B USD 566 432.7 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
331.6B USD 188.9 203.6
DE
SAP SE
XETRA:SAP
169.9B EUR 2.9 23.7
US
Salesforce Inc
NYSE:CRM
165.4B USD 1.8 22.2
US
Applovin Corp
NASDAQ:APP
151B USD 37.8 45.3
US
Intuit Inc
NASDAQ:INTU
107.8B USD 3.6 24.8
US
Adobe Inc
NASDAQ:ADBE
99.9B USD 4.4 13.9
US
Synopsys Inc
NASDAQ:SNPS
92.4B USD 2.2 83.9
US
NCR Corp
LSE:0K45
92B USD 27.8 2 191
US
Cadence Design Systems Inc
NASDAQ:CDNS
89.6B USD 13.8 80.8
P/E Multiple
Earnings Growth PEG
NO
Opera Ltd
NASDAQ:OPRA
Average P/E: 270.4
14.7
21%
0.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
203.6
58%
3.5
DE
SAP SE
XETRA:SAP
23.7
17%
1.4
US
Salesforce Inc
NYSE:CRM
22.2
31%
0.7
US
Applovin Corp
NASDAQ:APP
45.3
38%
1.2
US
Intuit Inc
NASDAQ:INTU
24.8
30%
0.8
US
Adobe Inc
NASDAQ:ADBE
13.9
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
83.9
44%
1.9
US
N
NCR Corp
LSE:0K45
2 191
52%
42.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
80.8
39%
2.1

Market Distribution

Higher than 74% of companies in Norway
Percentile
74rd
Based on 675 companies
74rd percentile
1.6
Low
0 — 0.3
Typical Range
0.3 — 1.4
High
1.4 —
Distribution Statistics
Norway
Min 0
30th Percentile 0.3
Median 0.7
70th Percentile 1.4
Max 1 148.2

Opera Ltd
Glance View

Opera Ltd., a tech enterprise with its origins in Norway, has carved a niche as a prominent player in the internet browser market, evolving beyond its Scandinavian roots to establish a global footprint. The company first made waves with the development of its namesake web browser, Opera, known for its efficient data compression technology and integrated features like VPN services and ad blockers. Unlike the conventional revenue streams that may rely heavily on advertising, Opera generates a significant portion of its income through partnerships and licensing agreements with search engines and content providers. This is achieved by forging strategic alliances where these partners are featured as default options within the browser, securing monetization through user interactions and click-through rates. As Opera expanded its portfolio, it ventured into adjacent territories like fintech and digital content services, diversifying its revenue streams. Recognizing the exponential growth in mobile internet users, particularly in emerging markets, Opera adapted by developing lighter, faster versions of its mobile browser, catering to a broader audience with varying internet infrastructures. Additionally, through its fintech arm, Opera offers mobile payment solutions and micro-lending services, particularly focused on Africa and South Asia, capitalizing on the increasing trend toward digital transactions in these regions. With a keen eye on emerging technologies, Opera continues to innovate, ensuring it remains relevant in the ever-evolving digital landscape.

OPRA Intrinsic Value
23.87 USD
Undervaluation 26%
Intrinsic Value
Price $17.75
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