DBX

DropboxNasdaqGS:DBX Stock Report

Market Cap

US$11.8b

7D

-2.6%

1Y

59.2%

Updated

18 Sep, 2021

Data

Company Financials +
DBX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

DBX Overview

Dropbox, Inc. provides a collaboration platform worldwide.

Dropbox Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Dropbox
Historical stock prices
Current Share PriceUS$30.70
52 Week HighUS$17.66
52 Week LowUS$33.00
Beta0.90
1 Month Change1.86%
3 Month Change5.35%
1 Year Change59.23%
3 Year Change16.46%
5 Year Changen/a
Change since IPO7.80%

Recent News & Updates

Sep 17
Is Now The Time To Look At Buying Dropbox, Inc. (NASDAQ:DBX)?

Is Now The Time To Look At Buying Dropbox, Inc. (NASDAQ:DBX)?

Let's talk about the popular Dropbox, Inc. ( NASDAQ:DBX ). The company's shares received a lot of attention from a...

Sep 09

Dropbox: The Rally Has Just Started

Dropbox is in a unique position of being both a value and growth stock at the same time. Strong Q2 numbers, with earnings beats across the board, fuel the 2021 rally of the stock. Competitive pressure is high, but Dropbox is differentiating effectively towards adding to the existing product offering (HelloSign etc.).

Aug 27
An Intrinsic Calculation For Dropbox, Inc. (NASDAQ:DBX) Suggests It's 34% Undervalued

An Intrinsic Calculation For Dropbox, Inc. (NASDAQ:DBX) Suggests It's 34% Undervalued

Does the August share price for Dropbox, Inc. ( NASDAQ:DBX ) reflect what it's really worth? Today, we will estimate...

Shareholder Returns

DBXUS SoftwareUS Market
7D-2.6%0.9%-0.6%
1Y59.2%42.9%33.8%

Return vs Industry: DBX exceeded the US Software industry which returned 42.9% over the past year.

Return vs Market: DBX exceeded the US Market which returned 33.8% over the past year.

Price Volatility

Is DBX's price volatile compared to industry and market?
DBX volatility
DBX Beta0.90
Industry Beta0.95
Market Beta1

Stable Share Price: DBX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: DBX's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20072,760Drew Houstonhttps://www.dropbox.com

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. As of December 31, 2020, the company had approximately 700 million registered users across 180 countries.

Valuation

Is Dropbox undervalued compared to its fair value and its price relative to the market?

37.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DBX ($30.7) is trading below our estimate of fair value ($48.95)

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 US 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 has negative assets, so we can't compare its PB Ratio to the US Software industry average.


Future Growth

How is Dropbox forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

21.7%

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%).

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 (9.3% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: DBX's revenue (9.3% 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 (29.5%)


Past Performance

How has Dropbox performed over the past 5 years?

19.7%

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 19.7% 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 (22.1%).


Return on Equity

High ROE: DBX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Dropbox's financial position?


Financial Position Analysis

Short Term Liabilities: DBX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: DBX has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: DBX has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: DBX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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 27.1% per year.


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 US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Drew Houston (38 yo)

14.25yrs

Tenure

US$1,268,889

Compensation

Mr. Andrew W. Houston, also known as Drew, co-founded Dropbox Inc., and has been its Chief Executive Officer and Director since June 2007 also serves as its Chairman. He served as President of Dropbox Inc....


CEO Compensation Analysis

Compensation vs Market: Drew's total compensation ($USD1.27M) is below average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Drew's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: DBX's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: DBX's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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 employee growth, exchange listings and data sources


Key Information

  • Name: Dropbox, Inc.
  • Ticker: DBX
  • Exchange: NasdaqGS
  • Founded: 2007
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$11.835b
  • Shares outstanding: 385.52m
  • Website: https://www.dropbox.com

Number of Employees


Location

  • Dropbox, Inc.
  • 1800 Owens Street
  • San Francisco
  • California
  • 94158
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:14
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.