Dolby Laboratories Valuation

Is FUO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FUO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FUO (€76.5) is trading below our estimate of fair value (€131.66)

Significantly Below Fair Value: FUO is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FUO?

Key metric: As FUO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FUO. This is calculated by dividing FUO's market cap by their current earnings.
What is FUO's PE Ratio?
PE Ratio29.4x
EarningsUS$261.83m
Market CapUS$7.69b

Price to Earnings Ratio vs Peers

How does FUO's PE Ratio compare to its peers?

The above table shows the PE ratio for FUO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.8x
IXX init innovation in traffic systems
19.4x27.8%€354.6m
IVU IVU Traffic Technologies
20.3xn/a€231.1m
NEM Nemetschek
67.5x18.6%€11.5b
BC8 Bechtle
16.2x9.4%€4.0b
FUO Dolby Laboratories
29.4x8.3%€7.7b

Price-To-Earnings vs Peers: FUO is good value based on its Price-To-Earnings Ratio (29.4x) compared to the peer average (30.8x).


Price to Earnings Ratio vs Industry

How does FUO's PE Ratio compare vs other companies in the European Software Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FUO 29.4xIndustry Avg. 28.1xNo. of Companies19PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FUO is expensive based on its Price-To-Earnings Ratio (29.4x) compared to the European Software industry average (28.1x).


Price to Earnings Ratio vs Fair Ratio

What is FUO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FUO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.4x
Fair PE Ratio28.2x

Price-To-Earnings vs Fair Ratio: FUO is expensive based on its Price-To-Earnings Ratio (29.4x) compared to the estimated Fair Price-To-Earnings Ratio (28.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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