OPRAOpera Limited

$19.46

Is the business good?

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.

8.3%

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 6.3% · fiscal year to FY2025

Cash conversion
1.04×

Cash conversion · 1.01× a year ago · every dollar of reported profit arrived as cash, and more

Share count, year on year
+1.4%

Share count, year on year · shareholders own a smaller slice than a year ago

Operating margin by fiscal year
YearOperating margin
FY2020−1.5%
FY2021−2.5%
FY202213%
FY202316%
FY202419%
FY202515%
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 from the cash flow statement.