Loading...

Dropbox

WBAG:DBX
Snowflake Description

High growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DBX
WBAG
$10B
Market Cap
Add to portfolio
  1. Home
    2. ›
  2. AT
    3. ›
  3. Software
Last updated 2019/04/23 22:31
Company description

Dropbox, Inc. provides a collaboration platform worldwide. The last earnings update was 57 days ago. More info.

Find similar companies

Add to Portfolio Compare Print
DBX Share Price and Events
7 Day Returns
4.6%
WBAG:DBX
0.9%
Europe Software
1.2%
AT Market
1 Year Returns
-
WBAG:DBX
15.8%
Europe Software
-3.1%
AT Market
DBX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dropbox (DBX) 4.6% 5.3% -0.4% - - -
Europe Software 0.9% 3.7% 14% 15.8% 49.4% 91.2%
AT Market 1.2% 6.8% 9.3% -3.1% 44.7% 32.6%
1 Year Return vs Industry and Market
  • No trading data on DBX.
  • No trading data on DBX.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Dropbox undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dropbox to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dropbox.

WBAG:DBX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:DBX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.135 (1 + (1- 21%) (1.67%)) 		1.101
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.101 * 5.96%) 		7.07%

Discounted Cash Flow Calculation for WBAG:DBX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dropbox is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:DBX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.07%)
2019 395.13 Analyst x9 369.04
2020 552.54 Analyst x9 481.98
2021 647.75 Est @ 17.23% 527.71
2022 726.86 Est @ 12.21% 553.07
2023 790.12 Est @ 8.7% 561.50
2024 839.47 Est @ 6.25% 557.17
2025 877.45 Est @ 4.52% 543.93
2026 906.58 Est @ 3.32% 524.88
2027 929.04 Est @ 2.48% 502.36
2028 946.57 Est @ 1.89% 478.04
Present value of next 10 years cash flows $5,099.68
WBAG:DBX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $946.57 × (1 + 0.51%) ÷ (7.07% – 0.51%) 		$14,502.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $14,502.48 ÷ (1 + 7.07%)10 		$7,324.09
WBAG:DBX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,099.68 + $7,324.09 		$12,423.76
Equity Value per Share
(USD)		 = Total value / Shares Outstanding
= $12,423.76 / 426.16 		$29.15
WBAG:DBX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:DBX represents 0.8787x of NasdaqGS:DBX
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		0.8787x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (USD) x Listing Adjustment Factor
= $ 29.15 x 0.8787 		€25.62
Value per share (EUR) From above. €25.62
Current discount Discount to share price of €20.50
= -1 x (€20.50 - €25.62) / €25.62 		20%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Dropbox is available for.
Intrinsic value
20%
Share price is €20.5 vs Future cash flow value of €25.62
Current Discount Checks
For Dropbox to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dropbox's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Dropbox's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dropbox's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dropbox's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:DBX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-1.35
NasdaqGS:DBX Share Price ** NasdaqGS (2019-04-23) in USD $23.33
Europe Software Industry PE Ratio Median Figure of 139 Publicly-Listed Software Companies 29.36x
Austria Market PE Ratio Median Figure of 52 Publicly-Listed Companies 14.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dropbox.

WBAG:DBX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:DBX Share Price ÷ EPS (both in USD)

= 23.33 ÷ -1.35

 -17.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dropbox is loss making, we can't compare its value to the Europe Software industry average.
  • Dropbox is loss making, we can't compare the value of its earnings to the Austria market.
Price based on expected Growth
Does Dropbox's expected growth come at a high price?
Raw Data
WBAG:DBX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -17.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts		 139.3%per year
Europe Software Industry PEG Ratio Median Figure of 75 Publicly-Listed Software Companies 2.12x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Dropbox, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dropbox's assets?
Raw Data
WBAG:DBX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.65
NasdaqGS:DBX Share Price * NasdaqGS (2019-04-23) in USD $23.33
Europe Software Industry PB Ratio Median Figure of 243 Publicly-Listed Software Companies 2.82x
Austria Market PB Ratio Median Figure of 60 Publicly-Listed Companies 1.24x
WBAG:DBX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:DBX Share Price ÷ Book Value per Share (both in USD)

= 23.33 ÷ 1.65

 14.12x

* Primary Listing of Dropbox.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dropbox is overvalued based on assets compared to the Europe Software industry average.
X
Value checks
We assess Dropbox's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
    5. Dropbox has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Dropbox expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
139.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dropbox expected to grow at an attractive rate?
  • Dropbox's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Dropbox's earnings growth is expected to exceed the Austria market average.
  • Dropbox's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:DBX Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:DBX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 139.3%
WBAG:DBX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 13.9%
Europe Software Industry Earnings Growth Rate Market Cap Weighted Average 15.1%
Europe Software Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:DBX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:DBX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,134 35 3
2020-12-31 1,881 575 -15 15
2019-12-31 1,639 487 -88 15
WBAG:DBX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,392 425 -485
2018-09-30 1,321 373 -513
2018-06-30 1,248 356 -521
2018-03-31 1,175 331 -544
2017-12-31 1,107 330 -112
2017-09-30 1,039 325 -103
2017-06-30 974 280 -132
2017-03-31 900 254 -174
2016-12-31 845 253 -210

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dropbox's earnings are expected to grow significantly at over 20% yearly.
  • Dropbox's revenue is expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:DBX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Dropbox Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:DBX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.08 0.08 0.08 1.00
2020-12-31 -0.02 0.11 -0.20 7.00
2019-12-31 -0.19 0.03 -0.36 8.00
WBAG:DBX Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -1.35
2018-09-30 -1.68
2018-06-30 -2.05
2018-03-31 -2.69
2017-12-31 -0.57
2017-09-30 -0.53
2017-06-30 -0.68
2017-03-31 -0.91
2016-12-31 -1.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Dropbox is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Show me more growth companies in the Software industry
X
Future performance checks
We assess Dropbox's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dropbox has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Dropbox performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dropbox's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dropbox does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Dropbox's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Dropbox's 1-year growth to the Europe Software industry average as it is not currently profitable.
Earnings and Revenue History
Dropbox's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dropbox Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:DBX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,391.70 -484.90 722.80 768.20
2018-09-30 1,321.30 -513.10 713.20 735.40
2018-06-30 1,247.70 -521.40 681.70 699.40
2018-03-31 1,175.20 -544.10 655.90 669.50
2017-12-31 1,106.80 -111.70 471.30 380.30
2017-09-30 1,039.30 -103.10 419.00 350.40
2017-06-30 973.60 -131.60 392.90 328.30
2017-03-31 899.80 -174.05 369.00 308.75
2016-12-31 844.80 -210.20 358.00 289.70
2015-12-31 603.80 -325.90 301.00 201.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Dropbox has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Dropbox has efficiently used its assets last year compared to the Europe Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Dropbox improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Dropbox's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dropbox has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Dropbox's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dropbox's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dropbox is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dropbox's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dropbox's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dropbox Company Filings, last reported 3 months ago.

WBAG:DBX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 676.80 166.30 1,089.30
2018-09-30 643.40 166.20 1,039.10
2018-06-30 630.90 167.80 981.80
2018-03-31 510.20 170.00 846.00
2017-12-31 102.90 208.80 430.00
2017-09-30 109.00 214.90 422.70
2017-06-30 129.90 245.70 395.70
2017-03-31 122.80 295.70 352.70
2016-12-31 122.80 295.70 352.70
2015-12-31 185.60 343.80 356.90
  • Dropbox's level of debt (24.6%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Dropbox's debt level has increased without past 5-year debt data.
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.

  • Whilst loss making Dropbox has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Dropbox has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -53.5% per year.
Show me more healthy companies in the Software industry
X
Financial health checks
We assess Dropbox's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Dropbox has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Dropbox's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Dropbox dividends. Estimated to be 0% next year.
If you bought €2,000 of Dropbox shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Dropbox's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dropbox's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:DBX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Europe Software Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 1.5%
Austria Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 3.3%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.5%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:DBX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Dropbox has not reported any payouts.
  • Unable to verify if Dropbox's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dropbox's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dropbox has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Dropbox's dividends in 3 years as they are not expected to pay a notable one for Austria.
X
Income/ dividend checks
We assess Dropbox's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dropbox afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Dropbox has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Dropbox's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Drew Houston
AGE 35
TENURE AS CEO 11.8 years
CEO Bio

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. Houston is a founder of AppVirality Inc. He is a Member of Board of Overseers of Y Combinator Management LLC. He served as Special Advisor To The Board at HubSpot, Inc. until October 16, 2015. He holds a B.S. in Computer Science from Massachusetts Institute of Technology.

CEO Compensation
  • Insufficient data for Drew to compare compensation growth.
  • Insufficient data for Drew to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Dropbox management team in years:

2.7
Average Tenure
39
Average Age
  • The tenure for the Dropbox management team is about average.
Management Team

Arash Ferdowsi

TITLE
Co-Founder & Director
COMPENSATION
$47M
AGE
32
TENURE
12.3 yrs

Quentin Clark

TITLE
SVP of Engineering
COMPENSATION
$35M
AGE
46
TENURE
0.1 yrs

Drew Houston

TITLE
Co-Founder
AGE
35
TENURE
11.8 yrs

Ajay Vashee

TITLE
Chief Financial Officer
AGE
34
TENURE
2.6 yrs

Timothy Regan

TITLE
Chief Accounting Officer

Darren Yip

TITLE
Head of Investor Relations

Bart Volkmer

TITLE
General Counsel
AGE
43
TENURE
2.8 yrs

Lin-Hua Wu

TITLE
Vice President of Communications

Yamini Rangan

TITLE
Chief Customer Officer
AGE
44
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the Dropbox board of directors in years:

3.8
Average Tenure
53
Average Age
  • The tenure for the Dropbox board of directors is about average.
Board of Directors

Drew Houston

TITLE
Co-Founder
AGE
35

Condoleezza Rice

TITLE
Lead Independent Director
AGE
63

Arash Ferdowsi

TITLE
Co-Founder & Director
COMPENSATION
$47M
AGE
32
TENURE
11.8 yrs

Bob Mylod

TITLE
Non-Executive Director
AGE
51
TENURE
4.6 yrs

Meg Whitman

TITLE
Non-Executive Director
COMPENSATION
$909K
AGE
62
TENURE
1.6 yrs

R. Schreier

TITLE
Non-Executive Director
AGE
39
TENURE
9.8 yrs

Paul Jacobs

TITLE
Non-Executive Director
AGE
55
TENURE
3 yrs

Don Blair

TITLE
Non-Executive Director
AGE
60
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. Nov 18 Sell Bart Volkmer Individual 20. Nov 18 20. Nov 18 -4,303 €18.43 €-79,311
24. Sep 18 Sell Bart Volkmer Individual 20. Sep 18 21. Sep 18 -8,606 €22.81 €-194,691
X
Management checks
We assess Dropbox's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Dropbox has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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 paid subscription plan for premium features. The company has approximately 500 million registered users across 180 countries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was founded in 2007 and is headquartered in San Francisco, California.

Details
Name: Dropbox, Inc.
DBX
Exchange: WBAG
Founded: 2007
$8,872,492,023
426,158,659
Website: http://www.dropbox.com
Address: Dropbox, Inc.
333 Brannan Street,
San Francisco,
California, 94107,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS DBX Class A Common Stock Nasdaq Global Select US USD 22. Mar 2018
DB 1Q5 Class A Common Stock Deutsche Boerse AG DE EUR 22. Mar 2018
LSE 0SGO Class A Common Stock London Stock Exchange GB USD 22. Mar 2018
SWX 1Q5 Class A Common Stock SIX Swiss Exchange CH CHF 22. Mar 2018
WBAG DBX Class A Common Stock Wiener Boerse AG AT EUR 22. Mar 2018
Number of employees
Current staff
Staff numbers
2,323
Dropbox employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 22:31
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

Related Companies

© 2019 Simply Wall Street Pty Ltd, Community Design 2845206, US Design Patent #29/544/281, European Design Registration #2845206, Standard & Poor’s Financial Services LLC. All rights reserved.

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Copyright © 2019, Standard & Poor’s Financial Services LLC. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. (2019)