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Opera Limited (OPRA) Fair Value & Analysis

Communication Services · US · Market cap $1.6B

OL Opera Limited logo Opera Limited OPRA · US
Price$19.96
Fair Value$20.22
Upside+1.3%
Quality72/100
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Healthy Growth
Solidly profitable · 17.7% net margin
Low debt · generates free cash flow
4.40% dividend yield
Ranks above peers (11/14)
Moderate moat 59/100
Evidence: High Range $15.46 – $24.88 Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Share price +2.7% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from $15.46 (bear) to $24.88 (bull), base $20.22. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$24.46 $3.04 Fair Value $20.22 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $3.04 – $24.46 · fair‑value band $15.46 – $24.88 · the $19.96 price screens below the $20.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Opera Limited (OPRA) currently trades at $19.96, while our model-based Fair Value estimate is $20.22, implying the stock looks roughly 1.3% fairly valued today. The Quality Score stands at 72/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Opera Limited generated revenue of $648M at a net margin of 17.7%. Revenue grew 23.2% year over year. It earns a return on equity of 12.0%. The balance sheet holds a net cash position of $143M. Fundamentals as of Jul 19, 2026

Our scenario range runs from $15.46 (bear case) to $24.88 (bull case); at $19.96, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 70% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 2% fair-value upside, at 1%, OPRA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $18.07 $28.91 $48.82 80
Residual Income $9.59 $10.54 $13.38 76
Rev-Margin DCF $13.96 $25.17 $42.50 74
All 26 models by family
DCF Models
FCF DCF $19.17 $27.25 $51.32 38
Owner Earnings $19.04 $37.66 $72.20 31
5Y Revenue Exit $13.96 $22.36 $39.20 39
5Y EBITDA Exit $15.34 $25.24 $43.89 41
5Y P/E Exit $19.38 $39.20 $65.37 38
10Y Revenue Exit $15.19 $27.58 $37.52 36
10Y EBITDA Exit $16.43 $30.13 $54.86 37
10Y P/E Exit $19.09 $37.62 $70.11 35
Earnings-Based
Graham-Dodd $8.25 $57.52 $80.72 54
Lynch FV $19.34 $27.63 $35.92 50
PEG = 1.0 $19.34 $27.63 $35.92 46
EPV $8.45 $9.37 $10.14 59
Dividend Discount
Gordon GGM $6.19 $11.16 $15.36 70
DDM Multi-Stage $6.19 $10.19 $11.92 61
Multiples
P/E Multiple $18.19 $24.26 $30.32 63
P/S Multiple $12.91 $17.22 $21.52 58
P/B Multiple $15.46 $20.62 $25.77 55
EV/EBIT $15.66 $20.31 $24.97 53
EV/EBITDA $13.83 $17.88 $21.93 54
EV/Revenue $11.10 $15.14 $19.17 43
Asset-Based
NCAV (Graham) $5.64 $7.56 $11.29 50
Growth DCF
Growth DCF $18.07 $28.91 $48.82 80
Rev-Margin DCF $13.96 $25.17 $42.50 74
Economic Profit
Residual Income $9.59 $10.54 $13.38 76
ROIC Compounder $8.45 $9.37 $10.14 72
Growth Earnings
Growth-Adj P/E $24.97 $35.67 $46.38 68

Widest divergence: Growth Earnings ($35.67) versus Asset-Based ($7.56). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $648M
Revenue growth (YoY) +23.2%
Net margin 17.7%
Return on equity 12.0%
Free cash flow $115M FY2025
P/E ratio 14.4
More key figures
Operating margin 17.3%
EPS (TTM) $1.26
Dividend yield 4.4%
EPS growth (YoY) +35.0%
Net cash $143M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 73 · Market factors (momentum, volatility) 63

Profitability 52
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. The company offers specialized browsers, including Opera One browser, Opera AI, Opera GX; Opera Neon, a subscription-based agentic AI browser designed for productivity-oriented users; and offers Web3 and e-commerce services. It also operates Opera Ads, an online advertising platform; GameMaker, a 2D gaming development platform; and Opera News, an AI-powered personalized news discovery and aggregation service. Opera Limited was founded in 1995 and is headquartered in Oslo, Norway. Opera Limited is a subsidiary of Kunlun Tech Co., Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Opera Limited reported revenue of $617M in FY2025 versus $251M in FY2021, a compound +25.2%/yr. Reported net income was $109M in FY2025.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$617M
Latest YoY
+28.3%
Avg. growth/yr (3Y)
+23.0%
Avg. growth/yr (5Y)
+30.2%
Avg. growth/yr (9Y)
+21.4%
Revenue +25.2%/yr
FY21 $251M
FY22 $331M
FY23 $397M
FY24 $481M
FY25 $617M
Net income
FY21 −$44.0M
FY22 $15.0M
FY23 $153M
FY24 $80.8M
FY25 $109M

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Cite: Fair Value Calculator (2026). "Opera Limited Fair Value". https://www.fairvalue-calculator.com/stock/OPRA

Peer Group

Internet Content & Information · 151 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 72 · Top 25%
Fair Value upside +1% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 6% · Above median
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 17% · Above median
Revenue growth 23% · Top 25%
Dividend yield (TTM) 4.4% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/E (TTM) 14.4× · Cheaper than median
P/B 1.61× · Pricier than median
P/S (TTM) 2.51× · Pricier than median
P/FCF 14.1× · Pricier than median
EV/EBITDA 13.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 35 · sector 0
FUTURE 100 · sector 31
PAST 48 · sector 10
HEALTH 100 · sector 99
DIVIDEND 88 · sector 43

Insider activity: 25/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Alphabet Inc GOOGL $354.46 $145.14 -59%
Meta Platforms, Inc META $669.21 $534.91 -20%
Tencent Holdings 0700 HK$460.20 HK$467.50 +2%
Spotify Technology S.A SPOT $485.38 $209.56 -57%
Baidu, Inc BIDU $113.30 $451.51 +299%
Reddit, Inc RDDT $195.34 $39.59 -80%
Kuaishou Technology, an investment holding company, 1024 HK$44.70 HK$101.03 +126%
NAVER Corporation 035420 191,300 KRW 231,585 KRW +21%
Tencent Music Entertainment Group 1698 HK$34.74 HK$65.78 +89%
REA Group REA A$149.14 A$88.53 -41%

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Frequently asked questions

Is Opera Limited (OPRA) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $20.22 versus a price of $19.96, about +1% (fairly valued).
What is the fair value of OPRA?
Our model-based fair value for Opera Limited is $20.22 (as of Jul 19, 2026), built from audited fundamentals. The current price is $19.96.
What is the quality score of OPRA?
Opera Limited has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Opera Limited (OPRA)?
Opera Limited reported trailing-twelve-month revenue of about $648M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of OPRA?
The net profit margin of Opera Limited is about 17.7%, meaning it keeps roughly 17.7% of revenue as net income. Based on the latest reported figures.
Does Opera Limited pay a dividend?
Opera Limited currently shows a dividend yield of about 4.40% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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