Executive Summary
Dropbox, Inc. provides a collaboration platform worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.5%
DBX
-2.4%
AT Software
-3.3%
AT Market
1 Year Return
-9.4%
DBX
22.8%
AT Software
-25.7%
AT Market
Return vs Industry: DBX underperformed the Austrian Software industry which returned 22.8% over the past year.
Return vs Market: DBX exceeded the Austrian Market which returned -25.7% over the past year.
Shareholder returns
| DBX | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | -2.4% | -3.3% |
| 30 Day | -5.1% | -5.6% | -4.6% |
| 90 Day | -14.7% | 6.3% | -2.6% |
| 1 Year | -9.4%-9.4% | 24.2%22.8% | -24.9%-25.7% |
| 3 Year | n/a | 45.7%38.5% | -21.2%-27.1% |
| 5 Year | n/a | 132.1%114.0% | 23.6%8.2% |
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?
25.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DBX (€16.5) is trading below our estimate of fair value (€22.26)
Significantly Below Fair Value: DBX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DBX is poor value based on its PE Ratio (238.6x) compared to the XE Software industry average (31.6x).
PE vs Market: DBX is poor value based on its PE Ratio (238.6x) compared to the Austrian market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: DBX is poor value based on its PEG Ratio (7.7x)
Price to Book Ratio
PB vs Industry: DBX is overvalued based on its PB Ratio (9.9x) compared to the XE Software industry average (3.9x).
Next Steps
Future Growth
How is Dropbox forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
31.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DBX's forecast earnings growth (31% per year) is above the savings rate (0.5%).
Earnings vs Market: DBX's earnings (31% per year) are forecast to grow faster than the Austrian market (25.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DBX's revenue (8.3% per year) is forecast to grow faster than the Austrian market (4% per year).
High Growth Revenue: DBX's revenue (8.3% 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 (33.1%)
Next Steps
Past Performance
How has Dropbox performed over the past 5 years?
28.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DBX has a large one-off gain of $14.6M impacting its June 30 2020 financial results.
Growing Profit Margin: DBX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: DBX has become profitable over the past 5 years, growing earnings by 28.8% per year.
Accelerating Growth: DBX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: DBX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (22.9%).
Return on Equity
High ROE: DBX's Return on Equity (4.1%) is considered low.
Next Steps
Financial Health
How is Dropbox's financial position?
Financial Position Analysis
Short Term Liabilities: DBX's short term assets ($1.2B) exceed its short term liabilities ($981.8M).
Long Term Liabilities: DBX's short term assets ($1.2B) exceed its long term liabilities ($957.1M).
Debt to Equity History and Analysis
Debt Level: DBX is debt free.
Reducing Debt: DBX had no debt 5 years ago.
Debt Coverage: DBX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DBX has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Dropbox current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DBX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DBX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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
How experienced are the management team and are they aligned to shareholders interests?
0.9yrs
Average management tenure
CEO
Drew Houston (37 yo)
13.25yrs
Tenure
US$1,385,192
Compensation
Mr. Andrew W. Houston also known as Drew, co-founded Dropbox Inc., and serves as its Chief Executive Officer and Director since June 2007. He also serves as President and Chairman of Dropbox Inc. Mr. Houst ...
CEO Compensation Analysis
Compensation vs Market: Drew's total compensation ($USD1.39M) is about average for companies of similar size in the Austrian market ($USD1.68M).
Compensation vs Earnings: Drew's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 13.25yrs | US$1.39m | 22.75% $ 1.5b | |
| CTO & Senior VP of Platform | 0.92yr | US$20.16m | 0.25% $ 17.2m | |
| no data | US$4.98m | 0.18% $ 12.4m | ||
| Senior VP & GM of Core Dropbox | 0.92yr | US$20.53m | 0.25% $ 17.2m | |
| Chief Accounting Officer & CFO | no data | no data | 0.034% $ 2.3m | |
| Chief Operating Officer | 0.58yr | no data | 0.20% $ 13.8m | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Legal Officer | 4.25yrs | US$3.53m | 0.12% $ 7.9m | |
| Chief Communications Officer | no data | no data | no data | |
| Chief Marketing Officer | 0.67yr | no data | no data | |
| Vice President of People | 1.17yrs | no data | no data | |
| Vice President of Corporate Legal | no data | no data | no data |
0.9yrs
Average Tenure
42yo
Average Age
Experienced Management: DBX's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 13.25yrs | US$1.39m | 22.75% $ 1.5b | |
| Independent Non-Executive Director | 4.42yrs | US$355.00k | 0.063% $ 4.2m | |
| Lead Independent Director | 0.50yr | US$362.50k | 0.014% $ 924.2k | |
| Independent Director | 6.42yrs | US$405.00k | 0.014% $ 920.8k | |
| Independent Non-Executive Director | 6yrs | US$390.00k | 0.016% $ 1.1m | |
| Independent Director | 1.08yrs | US$247.25k | 0.0015% $ 103.9k | |
| Independent Non-Executive Director | 11.17yrs | US$366.53k | 0.19% $ 12.9m | |
| Independent Director | 1.08yrs | US$246.36k | 0.00077% $ 51.9k |
4.4yrs
Average Tenure
55yo
Average Age
Experienced Board: DBX's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$7.916b
- Listing Market Cap: US$6.746b
- Shares outstanding: 413.36m
- Website: https://www.dropbox.com
Number of Employees
Location
- Dropbox, Inc.
- 1800 Owens Street
- San Francisco
- California
- 94158
- 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. The company’s platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upg ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/26 04:08 |
| End of Day Share Price | 2020/09/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.