Opera Ltd. (OPRA) intrinsic value & 10-year financials
Opera Ltd. (OPRA) has a Graham intrinsic value of $39.53 per share. Over the last 10 fiscal years revenue grew 21.6% a year to $614.8M, with an average return on invested capital of 4.1%.
- Graham intrinsic value
- $39.53
- Revenue (FY2025)
- $614.8M
- Revenue growth (10-yr CAGR)
- 21.6%
- ROIC (10-yr avg)
- 4.1%
- Free cash flow (FY2025)
- $112.2M
OPRA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $614.8M | $108.3M | $1.19 | $112.2M | 14.7% | 8.0% |
| FY2024 | $480.6M | $80.8M | $0.90 | $81.6M | 19.2% | 9.1% |
| FY2023 | $396.8M | $153.3M | $1.69 | $80.9M | 15.8% | 7.2% |
| FY2022 | $331.0M | $15.0M | $0.14 | $53.5M | 12.6% | 3.0% |
| FY2021 | $251.0M | -$44.0M | -$0.38 | $25.5M | -2.5% | -0.7% |
| FY2020 | $165.1M | $179.2M | $0.75 | $90.8M | -1.5% | -0.3% |
| FY2019 | $334.9M | $57.9M | $0.25 | -$53.3M | 6.2% | 2.6% |
| FY2018 | $172.3M | $35.2M | $0.17 | $31.2M | 26.3% | 6.6% |
| FY2017 | $128.9M | $6.1M | $0.03 | $8.1M | 7.9% | 1.5% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Opera Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Opera Ltd has historically struggled to out-earn its cost of capital, averaging just 3.6% ROIC.
Opera Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Opera Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $39.53 per share.