I've been following Opera for a while now. And while I love their products, and generally like the idea of alternatives in the digital space, I can't for the life of me see how it can pay out such a juicy dividend.
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service. It provides browser-based cashback rewards programs; owns GameMaker Studio, a 2D gaming development platform; and GXC, a gaming portal. In addition, the company operates Opera Ads, an online advertising platform; and offers Web3 and e-commerce services. Opera Limited was founded in 1995 and is headquartered in Oslo, Norway. Opera Limited is a subsidiary of Kunlun Tech Co., Ltd.
Their previous trailing payout ratio (12-months) is 45% and their current trailing payout ratio is 89%.
Their EPS (TTM) is $0.90 vs the industry average of $9.61.
Their PE (TTM) is 15.81 vs the industry average of $42.53.
Their PE (5-year average) is 23.17 vs industry average of $57.50. EPS growth (TTM vs prior TTM) is -49.72% vs industry average of +45.05%.
And their EPS growth (last qtr vs same qtr prior year) is +5.00% vs industry average of +16.13%.
And lastly, their financial statements from Q3 (Sep-30-2025)
Balance sheet (USD MM)
Total assets 1,060
Total liabilities 112
Debt to assets 10.6%
Income statement (USD MM)
Net sales 152
Gross profit 69
Profit margin 45.66%
Cash flow (USD MM)
Operating 78
Net cash flow (9)
I guess looking at these last numbers, the company is solid financially. But they'd benefit more from internal R&D, wouldn't they? I've been with them for 2024. A small 1% international/technology ADR portfolio play. Down about 5%. Many thanks.