Dropbox, Inc. provides a collaboration platform worldwide.
No risks detected for DBX from our risk checks.
Flawless balance sheet with reasonable growth potential.
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.
7 Day Return
1 Year Return
Return vs Industry: DBX underperformed the US Software industry which returned 35.3% over the past year.
Return vs Market: DBX underperformed the US Market which returned 5% over the past year.
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
1 month ago | Simply Wall StWhy Dropbox, Inc. (NASDAQ:DBX) Could Be Worth Watching
2 months ago | Simply Wall StIs There An Opportunity With Dropbox, Inc.'s (NASDAQ:DBX) 27% Undervaluation?
2 months ago | Simply Wall StDropbox, Inc. (NASDAQ:DBX): Is Breakeven Near?
Is Dropbox undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DBX ($21.65) is trading below our estimate of fair value ($37.69)
Significantly Below Fair Value: DBX is trading below fair value by more than 20%.
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 US 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 (11.2x) compared to the US Software industry average (6.5x).
How is Dropbox forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
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 (2.2%).
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 (9.2% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: DBX's revenue (9.2% 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%)
How has Dropbox performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DBX is currently unprofitable.
Growing Profit Margin: DBX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DBX is unprofitable, but has reduced losses over the past 5 years at a rate of 21.8% 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 (7.9%).
Return on Equity
High ROE: DBX has a negative Return on Equity (-0.71%), as it is currently unprofitable.
How is Dropbox's financial position?
Financial Position Analysis
Short Term Liabilities: DBX's short term assets ($1.2B) exceed its short term liabilities ($970.8M).
Long Term Liabilities: DBX's short term assets ($1.2B) exceed its long term liabilities ($946.1M).
Debt to Equity History and Analysis
Debt Level: DBX is debt free.
Reducing Debt: DBX had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DBX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DBX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.8% per year.
What is Dropbox current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DBX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DBX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DBX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DBX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DBX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Drew Houston (37yo)
Mr. Andrew W. Houston also known as Drew, co-founded Dropbox Inc., and serves as its Chief Executive Officer and Director since June 2007. He also serves as President and Chairman of Dropbox Inc. Mr. Houst ...
CEO Compensation Analysis
Compensation vs Market: Drew's total compensation ($USD1.39M) is below average for companies of similar size in the US market ($USD7.33M).
Compensation vs Earnings: Drew's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||3.83yrs||US$4.98m||0.20% $17.7m|
|CTO & Senior VP of Platform||0.75yr||US$20.16m||0.25% $22.8m|
|Senior VP & GM of Core Dropbox||0.75yr||US$20.53m||0.25% $22.8m|
|Chief Operating Officer||0.42yr||no data||0.20% $18.3m|
|Chief Accounting Officer||no data||no data||0.038% $3.4m|
|Head of Investor Relations||no data||no data||no data|
|Chief Legal Officer||4.08yrs||US$3.53m||0.12% $11.1m|
|Chief Communications Officer||no data||no data||no data|
|Chief Marketing Officer||0.50yr||no data||no data|
Experienced Management: DBX's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|Independent Non-Executive Director||4.25yrs||US$355.00k||0.063% $5.6m|
|Lead Independent Director||0.33yr||US$362.50k||0.014% $1.2m|
|Independent Director||6.25yrs||US$405.00k||0.014% $1.2m|
|Independent Non-Executive Director||5.83yrs||US$390.00k||0.016% $1.5m|
|Independent Director||0.92yr||US$247.25k||0.0015% $137.8k|
|Independent Non-Executive Director||11yrs||US$366.53k||0.19% $17.1m|
|Independent Director||0.92yr||US$246.36k||0.00077% $68.9k|
Experienced Board: DBX's board of directors are considered experienced (4.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Dropbox, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Dropbox, Inc.
- Ticker: DBX
- Exchange: NasdaqGS
- Founded: 2007
- Industry: Application Software
- Sector: Software
- Market Cap: US$8.946b
- Shares outstanding: 413.21m
- Website: https://www.dropbox.com
Number of Employees
- Dropbox, Inc.
- 1800 Owens Street
- San Francisco
- United States
|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|
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 upgrade to a paid subscription plan for premium features. As of December 31, 2019, it had approximately 600 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/04 23:49|
|End of Day Share Price||2020/07/02 00:00|
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.