Discounted Cash Flow

Opera Ltd. ADR

OPRA · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $88.5m $-8.1m $-432.0k -9.2% $-0.04
2017 $128.9m (45.6%) $6.1m (174.8%) $11.7m (2797.5%) 4.7% (151.4%) $0.03 (174.4%)
2018 $172.3m (33.7%) $35.2m (479.8%) $29.0m (148.5%) 20.4% (333.8%) $0.17 (443.7%)
2019 $334.9m (94.4%) $57.9m (64.7%) $-50.2m (-273.5%) 17.3% (-15.3%) $0.26 (49.4%)
2020 $165.1m (-50.7%) $179.2m (209.5%) $44.3m (188.1%) 108.6% (527.8%) $0.76 (192.3%)
2021 $251.0m (52.1%) $-44.0m (-124.5%) $25.8m (-41.7%) -17.5% (-116.1%) $-0.56 (-173.7%)
2022 $331.0m (31.9%) $15.0m (134.2%) $-89.4m (-446.3%) 4.5% (125.9%) $0.21 (137.5%)
2023 $396.8m (19.9%) $153.3m (919.6%) $50.1m (156.0%) 38.6% (750.6%) $2.58 (1128.6%)
2024 $480.6m (21.1%) $80.8m (-47.3%) $105.0m (109.7%) 16.8% (-56.5%) $0.91 (-64.7%)
2025 $614.8m (27.9%) $108.3m (34.1%) $117.7m (12.1%) 17.6% (4.8%) $1.21 (33.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model