OPRAOpera Limited
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.5×).
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Margins have held roughly steady, a stable cost structure.
Margin-driven, fat margins on slower asset turns. ROE 11% = margin × turnover × leverage.
Unless marked, from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is OPRA?
Opera Limited earns 8.3% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 0.68 points below what the capital costs: growth destroys value
- Operating margin
- 15%
Operating margin · Internet Content & Information median 4.9% · fiscal year to FY2025
- Cash conversion
- 1.51×
Cash conversion · 1.39× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +1.4%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −1.5% |
| FY2021 | −2.5% |
| FY2022 | 13% |
| FY2023 | 16% |
| FY2024 | 19% |
| FY2025 | 15% |
Details›
- Operating marginfiscal year to FY2025
- 15%
- Net marginfiscal year to FY2025
- 18%
- Free cash flow margin
- 18%
- R&D as % of revenue
- 9.7%
- Revenue, trailing twelve months
- $615M
- Free cash flow, trailing twelve months
- $112M
- Net income, trailing twelve months
- $108M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.3%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Internet Content & Information
Ranks #6 of 31 by RyuScore