Opera Ltd
Research Opera Ltd (OPRA) on Bullrun: valuation model: 42.5% undervalued, market cap USD 1.56B, P/E 12.6, dividend yield 4.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerOPRA
- ExchangeNASDAQ
- CountryNorway
- SectorCommunication Services
- IndustryInternet Content & Information
- CurrencyUSD
- Valuation signal42.5% undervalued
- Market capUSD 1.56B
- P/E12.6
- Dividend yield4.5%
- Financial periodQ2 2026
- RevenueUSD 178.07M
- Net incomeUSD 27.55M
- Free cash flowUSD 18.25M
- Gross margin62.1%
Valuation Snapshot
Bullrun's latest valuation model marks Opera Ltd as 42.5% undervalued; latest market cap is USD 1.56B; P/E is 12.6; dividend yield is 4.5%.
Peer valuation comparison
Latest P/E is 12.62x versus a Communication Services sector median of 16.24x (22.3% below).
Latest dividend yield is 4.54% versus a Communication Services sector median of 3.8% (19.5% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 614.83M | USD 108.28M | USD 102.48M | 64.1% | 1.19 | USD 155.47M | USD 8.41M | USD 1.01B |
| FY2024 | USD 480.65M | USD 80.77M | USD 74.37M | 72.4% | 0.9 | USD 126.80M | USD 9.59M | USD 940.10M |
| FY2023 | USD 396.83M | USD 153.30M | USD 76.36M | 76.5% | 1.86 | USD 93.86M | USD 10.55M | USD 919.85M |
| FY2022 | USD 331.04M | USD 15.04M | USD 46.69M | 83.5% | 0.14 | USD 52.41M | USD 7.84M | USD 888.21M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 1.56B | 12.6 | 4.6% | 0.8 |
| 2025 | 2025-12-31 | USD 1.27B | 11.9 | 2.8% | 0.4 |
| 2024 | 2024-12-31 | USD 1.68B | 21.0 | 4.2% | 0.8 |
| 2023 | 2023-12-29 | USD 1.17B | 18.1 | 9.1% | 1.2 |
| 2022 | 2022-12-30 | USD 562.63M | n/a | n/a | n/a |
| 2021 | 2021-12-31 | USD 812.93M | n/a | n/a | n/a |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.8 USD, yield 4.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.4 USD |
| FY2024 | 0.8 USD |
| FY2023 | 1.2 USD |
About Opera Ltd
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;
Related stock research
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Frequently asked questions
Is Opera Ltd overvalued or undervalued?
Bullrun's valuation model currently marks Opera Ltd as 42.5% undervalued.
What is Opera Ltd's market cap?
Opera Ltd's market capitalization is USD 1.56B.
What is Opera Ltd's P/E ratio?
Opera Ltd's price-to-earnings (P/E) ratio is 12.6.
Does Opera Ltd pay a dividend?
Opera Ltd has a dividend yield of 4.5%.
What does Opera Ltd do?
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.