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DLB

Dolby LaboratoriesNYSE:DLB Stock Report

Market Cap

US$8.7b

7D

-1.7%

1Y

-2.9%

Updated

29 Nov, 2021

Data

Company Financials +
DLB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends2/6

DLB Stock Overview

Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment and communications at the cinema, DTV, transmissions and devices, mobile devices, OTT video and music services, and home entertainment devices.

Dolby Laboratories Competitors

Teradata

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US$4.8b

Commvault Systems

NasdaqGS:CVLT

US$2.9b

Xperi Holding

NasdaqGS:XPER

US$1.9b

NVIDIA

NasdaqGS:NVDA

US$787.6b

Price History & Performance

Summary of all time highs, changes and price drops for Dolby Laboratories
Historical stock prices
Current Share PriceUS$85.90
52 Week HighUS$104.74
52 Week LowUS$85.24
Beta0.95
1 Month Change-2.77%
3 Month Change-13.33%
1 Year Change-2.88%
3 Year Change20.01%
5 Year Change86.62%
Change since IPO253.50%

Recent News & Updates

Nov 20
Should You Think About Buying Dolby Laboratories, Inc. (NYSE:DLB) Now?

Should You Think About Buying Dolby Laboratories, Inc. (NYSE:DLB) Now?

Dolby Laboratories, Inc. ( NYSE:DLB ), is not the largest company out there, but it saw significant share price...

Oct 25
Here's What To Make Of Dolby Laboratories' (NYSE:DLB) Decelerating Rates Of Return

Here's What To Make Of Dolby Laboratories' (NYSE:DLB) Decelerating Rates Of Return

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

DLBUS SoftwareUS Market
7D-1.7%-4.9%-2.7%
1Y-2.9%33.7%21.3%

Return vs Industry: DLB underperformed the US Software industry which returned 33.7% over the past year.

Return vs Market: DLB underperformed the US Market which returned 21.3% over the past year.

Price Volatility

Is DLB's price volatile compared to industry and market?
DLB volatility
DLB Average Weekly Movement2.7%
Software Industry Average Movement7.4%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

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

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

About the Company

FoundedEmployeesCEOWebsite
19652,368Kevin Yeamanhttps://www.dolby.com

Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment and communications at the cinema, DTV, transmissions and devices, mobile devices, OTT video and music services, and home entertainment devices. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications.; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, an digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and a range of media devices. Its audio technologies also include Dolby Digital, a digital audio coding technology that provides multichannel sound to applications; Dolby Digital Plus, a digital audio coding technology that offers audio transmission for a range of media applications and devices; Dolby TrueHD, a digital audio coding technology providing encoding for media application; Dolby Vision, an imaging technology for cinema and media devices; Dolby Voice, an audio conferencing technology; and HEVC, a digital video codec with high bandwidth efficiency to support for media devices.

Dolby Laboratories Fundamentals Summary

How do Dolby Laboratories's earnings and revenue compare to its market cap?
DLB fundamental statistics
Market CapUS$8.69b
Earnings (TTM)US$310.23m
Revenue (TTM)US$1.28b

28.0x

P/E Ratio

6.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DLB income statement (TTM)
RevenueUS$1.28b
Cost of RevenueUS$130.03m
Gross ProfitUS$1.15b
ExpensesUS$841.00m
EarningsUS$310.23m

Last Reported Earnings

Sep 24, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.07
Gross Margin89.85%
Net Profit Margin24.21%
Debt/Equity Ratio0%

How did DLB perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

30%

Payout Ratio

Does DLB pay a reliable dividends?

See DLB dividend history and benchmarks
When do you need to buy DLB by to receive an upcoming dividend?
Dolby Laboratories dividend dates
Ex Dividend DateNov 29 2021
Dividend Pay DateDec 08 2021
Days until Ex dividend1 day
Days until Dividend pay date8 days

Does DLB pay a reliable dividends?

See DLB dividend history and benchmarks

Valuation

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

30.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DLB ($85.9) is trading below our estimate of fair value ($124.39)

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


Price To Earnings Ratio

PE vs Industry: DLB is good value based on its PE Ratio (28x) compared to the US Software industry average (43.6x).

PE vs Market: DLB is poor value based on its PE Ratio (28x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: DLB is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: DLB is good value based on its PB Ratio (3.3x) compared to the US Software industry average (6.4x).


Future Growth

How is Dolby Laboratories forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DLB's forecast earnings growth (7.6% per year) is above the savings rate (2%).

Earnings vs Market: DLB's earnings (7.6% per year) are forecast to grow slower than the US market (14.3% per year).

High Growth Earnings: DLB's earnings are forecast to grow, but not significantly.

Revenue vs Market: DLB's revenue (7.3% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: DLB's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DLB's Return on Equity is forecast to be low in 3 years time (16.6%).


Past Performance

How has Dolby Laboratories performed over the past 5 years?

15.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DLB has high quality earnings.

Growing Profit Margin: DLB's current net profit margins (24.2%) are higher than last year (19.9%).


Past Earnings Growth Analysis

Earnings Trend: DLB's earnings have grown by 15.4% per year over the past 5 years.

Accelerating Growth: DLB's earnings growth over the past year (34%) exceeds its 5-year average (15.4% per year).

Earnings vs Industry: DLB earnings growth over the past year (34%) exceeded the Software industry 20.5%.


Return on Equity

High ROE: DLB's Return on Equity (12.2%) is considered low.


Financial Health

How is Dolby Laboratories's financial position?


Financial Position Analysis

Short Term Liabilities: DLB's short term assets ($1.8B) exceed its short term liabilities ($315.7M).

Long Term Liabilities: DLB's short term assets ($1.8B) exceed its long term liabilities ($185.7M).


Debt to Equity History and Analysis

Debt Level: DLB is debt free.

Reducing Debt: DLB has not had any debt for past 5 years.

Debt Coverage: DLB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DLB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

1.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DLB's dividend (1.16%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: DLB's dividend (1.16%) is low compared to the top 25% of dividend payers in the US market (3.58%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, DLB has been paying a dividend for less than 10 years.

Growing Dividend: DLB's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.7%), DLB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DLB's dividends in 3 years are forecast to be well covered by earnings (21.1% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Kevin Yeaman (55 yo)

12.67yrs

Tenure

US$7,868,836

Compensation

Mr. Kevin J. Yeaman has been the Chief Executive Officer and President of Dolby Laboratories, Inc. since March 28, 2009 and serves as its Director since March 28, 2009. Mr. Yeaman served as the Chief Finan...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD7.87M) is about average for companies of similar size in the US market ($USD6.24M).

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


Leadership Team

Experienced Management: DLB's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: DLB's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DLB insiders have only sold shares 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

Dolby Laboratories, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Dolby Laboratories, Inc.
  • Ticker: DLB
  • Exchange: NYSE
  • Founded: 1965
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: US$8.690b
  • Shares outstanding: 101.16m
  • Website: https://www.dolby.com

Number of Employees


Location

  • Dolby Laboratories, Inc.
  • 1275 Market Street
  • San Francisco
  • California
  • 94103-1410
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/29 23:23
End of Day Share Price2021/11/26 00:00
Earnings2021/09/24
Annual Earnings2021/09/24


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.