MediaAlpha, Inc. (MAX) vs Opera Limited Sponsored ADR (OPRA)

MediaAlpha, Inc. and Opera Limited Sponsored ADR are both Internet Content & Information companies. Opera Limited Sponsored ADR is the larger, with a market value of $1.3B against $855.3M — 1.5× the size. MediaAlpha, Inc. trades at the lower P/E: 6.9× against 8.7×. Opera Limited Sponsored ADR grew revenue faster over the last twelve months: 22.6% against 15.2%. Opera Limited Sponsored ADR has the higher net margin (18.6% vs 8.35%) and the lower return on invested capital (7.64% vs 33.2%). Across the 22 metrics below, Opera Limited Sponsored ADR leads on 15 and MediaAlpha, Inc. on 7.

Valuation

Metric MAX OPRA Internet Content & Information median
P/E 6.85 8.72 12.02
P/S 0.58 1.92 0.94
P/B 37.81 1.30 1.25
Price to free cash flow 13.78 11.03 10.41
EV/EBITDA 9.38 9.23 10.43
EV/Sales 0.70 1.72 1.21
Earnings yield 14.59% 11.47% (1.75%)
Free cash flow yield 7.26% 9.07% 4.07%

Profitability

Metric MAX OPRA Internet Content & Information median
Gross margin 14.84% 65.64% 66.08%
Operating margin 7.22% 15.61% (1.87%)
Net margin 8.35% 18.55% (1.37%)
Free cash flow margin 4.19% 18.31% 3.47%
Return on equity (469.64%) 12.86% (1.19%)
Return on assets 33.85% 11.35% 0.00%
Return on invested capital 33.20% 7.64% 0.00%

Growth

Metric MAX OPRA Internet Content & Information median
Revenue growth (TTM) 15.22% 22.62% 4.08%
EPS growth (last fiscal year) 25.81% 32.22% 34.37%
Revenue growth, 5-year CAGR 13.75% 28.32% 10.46%
Net income growth, 5-year CAGR 0.00% (9.58%) 0.00%

Health

Metric MAX OPRA Internet Content & Information median
Debt to equity 8.85 0.00 0.01
Current ratio 1.32 2.05 1.84
Net debt to EBITDA 4.09 (1.39) (0.53)

Dividend

Metric MAX OPRA Internet Content & Information median
Dividend yield — 5.43% 1.19%
Payout ratio — 0.48 0.27

Size

Metric MAX OPRA Internet Content & Information median
Market cap 855.32m 1.30b 609.91m

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