Executive Summary
Dropbox, Inc. provides a collaboration platform worldwide.
Snowflake
Fundamentals
Flawless balance sheet with high growth potential.
Similar Companies
Share Price & News
How has Dropbox's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DBX has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-10.7%
DBX
1.4%
AT Software
0.4%
AT Market
1 Year Return
-20.7%
DBX
28.5%
AT Software
2.1%
AT Market
Return vs Industry: DBX underperformed the Austrian Software industry which returned 28.5% over the past year.
Return vs Market: DBX underperformed the Austrian Market which returned 2.1% over the past year.
Shareholder returns
| DBX | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.7% | 1.4% | 0.4% |
| 30 Day | -4.7% | 5.5% | 5.2% |
| 90 Day | 5.8% | 12.3% | 8.5% |
| 1 Year | -20.7%-20.7% | 31.0%28.5% | 5.8%2.1% |
| 3 Year | n/a | 65.2%55.7% | 46.4%33.2% |
| 5 Year | n/a | 142.7%121.5% | 69.3%45.5% |
Price Volatility Vs. Market
How volatile is Dropbox's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Dropbox undervalued compared to its fair value and its price relative to the market?
21.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DBX (€16.7) is trading below our estimate of fair value (€21.21)
Significantly Below Fair Value: DBX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DBX is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: DBX is unprofitable, so we can't compare its PE Ratio to the Austrian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DBX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DBX is overvalued based on its PB Ratio (10.3x) compared to the XE Software industry average (3.1x).
Next Steps
Future Growth
How is Dropbox forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
44.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DBX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).
Earnings vs Market: DBX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: DBX's is expected to become profitable in the next 3 years.
Revenue vs Market: DBX's revenue (9.8% per year) is forecast to grow faster than the Austrian market (2.8% per year).
High Growth Revenue: DBX's revenue (9.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DBX's Return on Equity is forecast to be high in 3 years time (31.2%)
Next Steps
Past Performance
How has Dropbox performed over the past 5 years?
6.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: Insufficient data to determine if DBX has high quality earnings.
Growing Profit Margin: DBX's current net profit margins (-3.5%) are higher than last year (-38.8%).
Past Earnings Growth Analysis
Earnings Trend: DBX is unprofitable, but has reduced losses over the past 5 years at a rate of 6.9% per year.
Accelerating Growth: Unable to compare DBX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DBX is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (10.7%).
Return on Equity
High ROE: DBX has a negative Return on Equity (-7.29%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Dropbox's financial position?
Financial Position Analysis
Short Term Liabilities: DBX's short term assets ($1.1B) exceeds its short term liabilities ($948.3M)
Long Term Liabilities: DBX's short term assets (1.1B) exceeds its long term liabilities (775.7M)
Debt to Equity History and Analysis
Debt Level: DBX is debt free.
Reducing Debt: DBX had no debt 5 years ago.
Balance Sheet
Inventory Level: DBX has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if DBX's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DBX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DBX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22% per year.
Next Steps
Dividend
What is Dropbox's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate DBX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate DBX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DBX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DBX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DBX's dividend in 3 years as they are not forecast to pay a notable one for the Austrian market.
Next Steps
Management
What is the CEO of Dropbox's salary, the management and board of directors tenure and is there insider trading?
3.2yrs
Average management tenure
CEO
Drew Houston (36yo)
12.4yrs
Tenure
US$1,229,049
Compensation
Mr. Andrew W. Houston also known as Drew, co-founded Dropbox Inc., and serves as its Chief Executive Officer and Member of Board of Directors since June 2007. He also serves as Chairman of Dropbox Inc. Mr. ...
CEO Compensation Analysis
Compensation vs Market: Drew's total compensation ($USD1.23M) is below average for companies of similar size in the Austrian market ($USD2.16M).
Compensation vs Earnings: Drew's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.2yrs
Average Tenure
36yo
Average Age
Experienced Management: DBX's management team is considered experienced (3.2 years average tenure).
Board Age and Tenure
2.9yrs
Average Tenure
56yo
Average Age
Experienced Board: DBX's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer Co-Founder |
| Shares | 500,000 |
| Max Price | US$17.34 |
| Entity | Individual |
| Role | Chief Legal Officer General Counsel |
| Shares | 4,303 |
| Max Price | US$18.43 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34.5%.
Management Team
Darren Yip
Head of Investor Relations
- Tenure: 0yrs
Drew Houston (36yo)
Co-Founder
- Tenure: 12.4yrs
- Compensation: US$1.23m
Arash Ferdowsi (33yo)
Co-Founder & Director
- Tenure: 12.4yrs
- Compensation: US$47.32m
Ajay Vashee (35yo)
Chief Financial Officer
- Tenure: 3.2yrs
- Compensation: US$6.30m
Lin-Hua Wu
Vice President of Communications
- Tenure: 0yrs
Bart Volkmer (44yo)
General Counsel
- Tenure: 3.4yrs
- Compensation: US$3.53m
Timothy Regan
Chief Accounting Officer
- Tenure: 0yrs
Yamini Rangan (45yo)
Chief Customer Officer
- Tenure: 1.2yrs
- Compensation: US$4.21m
Melanie Collins
Vice President of People
- Tenure: 0.3yrs
Bharat Mediratta
CTO & Senior VP of Platform
- Tenure: 0.08yrs
Board Members
Paul Jacobs (56yo)
Non-Executive Director
- Tenure: 3.6yrs
- Compensation: US$342.61k
Meg Whitman (63yo)
Non-Executive Director
- Tenure: 2.2yrs
- Compensation: US$60.04k
Don Blair (61yo)
Non-Executive Director
- Tenure: 1.9yrs
- Compensation: US$964.68k
Condoleezza Rice (64yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$371.98k
Bob Mylod (52yo)
Non-Executive Director
- Tenure: 5.2yrs
- Compensation: US$375.54k
Lisa Campbell (56yo)
Director
- Tenure: 1.3yrs
Drew Houston (36yo)
Co-Founder
- Tenure: 12.4yrs
- Compensation: US$1.23m
Arash Ferdowsi (33yo)
Co-Founder & Director
- Tenure: 12.4yrs
- Compensation: US$47.32m
R. Schreier (40yo)
Non-Executive Director
- Tenure: 10.3yrs
- Compensation: US$346.49k
Karen Peacock
Director
- Tenure: 0.3yrs
Company Information
Dropbox, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dropbox, Inc.
- Ticker: DBX
- Exchange: WBAG
- Founded: 2007
- Industry: Application Software
- Sector: Software
- Market Cap: US$7.854b
- Listing Market Cap: US$7.137b
- Shares outstanding: 415.32m
- Website: https://www.dropbox.com
Number of Employees
Location
- Dropbox, Inc.
- 333 Brannan Street
- San Francisco
- California
- 94107
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DBX | WBAG (Wiener Boerse AG) | Yes | Class A Common Stock | AT | EUR | Mar 2018 |
| DBX | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Mar 2018 |
| 1Q5 | SWX (SIX Swiss Exchange) | Yes | Class A Common Stock | CH | CHF | Mar 2018 |
| 0SGO | LSE (London Stock Exchange) | Yes | Class A Common Stock | GB | USD | Mar 2018 |
| 1Q5 | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Mar 2018 |
| DBX * | BMV (Bolsa Mexicana de Valores) | Yes | Class A Common Stock | MX | MXN | Mar 2018 |
Biography
Dropbox, Inc. provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its Website or app, as well as upgrade to a ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/13 21:33 |
| End of Day Share Price | 2019/11/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.