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
Price History & Performance
|Historical stock prices|
|Current Share Price||US$70.82|
|52 Week High||US$104.25|
|52 Week Low||US$69.18|
|1 Month Change||-8.38%|
|3 Month Change||-10.46%|
|1 Year Change||-29.88%|
|3 Year Change||8.90%|
|5 Year Change||40.94%|
|Change since IPO||191.44%|
Recent News & Updates
Is It Time To Consider Buying Dolby Laboratories, Inc. (NYSE:DLB)?
While Dolby Laboratories, Inc. ( NYSE:DLB ) might not be the most widely known stock at the moment, it received a lot...
Dolby Laboratories (NYSE:DLB) Will Want To Turn Around Its Return Trends
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
|DLB||US Software||US Market|
Return vs Industry: DLB underperformed the US Software industry which returned -23.6% over the past year.
Return vs Market: DLB underperformed the US Market which returned -21.7% over the past year.
|DLB Average Weekly Movement||3.7%|
|Software Industry Average Movement||11.0%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: DLB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: DLB's weekly volatility (4%) has been stable over the past year.
About the Company
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
|DLB fundamental statistics|
Is DLB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DLB income statement (TTM)|
|Cost of Revenue||US$130.57m|
Last Reported Earnings
Apr 01, 2022
Next Earnings Date
|Earnings per share (EPS)||2.14|
|Net Profit Margin||17.14%|
How did DLB perform over the long term?See historical performance and comparison
1.4%Current Dividend Yield
Is DLB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DLB?
Other financial metrics that can be useful for relative valuation.
|What is DLB's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does DLB's PE Ratio compare to its peers?
|DLB PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
MSP Datto Holding
DLB Dolby Laboratories
Price-To-Earnings vs Peers: DLB is good value based on its Price-To-Earnings Ratio (33.2x) compared to the peer average (57.5x).
Price to Earnings Ratio vs Industry
How does DLB's PE Ratio compare vs other companies in the US Software Industry?
Price-To-Earnings vs Industry: DLB is good value based on its Price-To-Earnings Ratio (33.2x) compared to the US Software industry average (38.1x)
Price to Earnings Ratio vs Fair Ratio
What is DLB'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.
|Current PE Ratio||33.2x|
|Fair PE Ratio||35.1x|
Price-To-Earnings vs Fair Ratio: DLB is good value based on its Price-To-Earnings Ratio (33.2x) compared to the estimated Fair Price-To-Earnings Ratio (35.1x).
Share Price vs Fair Value
What is the Fair Price of DLB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: DLB ($70.82) is trading below our estimate of fair value ($119.76)
Significantly Below Fair Value: DLB is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: DLB is poor value based on its PEG Ratio (1.4x)
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How is Dolby Laboratories forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DLB's forecast earnings growth (23.6% per year) is above the savings rate (1.9%).
Earnings vs Market: DLB's earnings (23.6% per year) are forecast to grow faster than the US market (13.6% per year).
High Growth Earnings: DLB's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DLB's revenue (8.8% per year) is forecast to grow faster than the US market (8.2% per year).
High Growth Revenue: DLB's revenue (8.8% 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 (17%).
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How has Dolby Laboratories performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DLB has high quality earnings.
Growing Profit Margin: DLB's current net profit margins (17.1%) are lower than last year (24.8%).
Past Earnings Growth Analysis
Earnings Trend: DLB's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: DLB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DLB had negative earnings growth (-29.3%) over the past year, making it difficult to compare to the Software industry average (26.8%).
Return on Equity
High ROE: DLB's Return on Equity (8.3%) is considered low.
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How is Dolby Laboratories's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: DLB's short term assets ($1.6B) exceed its short term liabilities ($281.0M).
Long Term Liabilities: DLB's short term assets ($1.6B) exceed its long term liabilities ($176.8M).
Debt to Equity History and Analysis
Debt Level: DLB is debt free.
Reducing Debt: DLB has not had any debt for past 5 years.
Debt Coverage: DLB has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DLB has no debt, therefore coverage of interest payments is not a concern.
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What is Dolby Laboratories's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DLB's dividend (1.41%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.61%).
High Dividend: DLB's dividend (1.41%) is low compared to the top 25% of dividend payers in the US market (4.3%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, DLB has been paying a dividend for less than 10 years.
Growing Dividend: DLB's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.6%), DLB's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (32.2%), DLB's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kevin Yeaman (56 yo)
Mr. Kevin J. Yeaman has been the Chief Executive Officer and President of Dolby Laboratories, Inc. since March 28, 2009 and serves as its Director since March 28, 2009. Mr. Yeaman served as the Chief Finan...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD9.63M) is about average for companies of similar size in the US market ($USD8.30M).
Compensation vs Earnings: Kevin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: DLB's management team is seasoned and experienced (6.3 years average tenure).
Experienced Board: DLB's board of directors are considered experienced (9.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Dolby Laboratories, Inc.'s employee growth, exchange listings and data sources
- Name: Dolby Laboratories, Inc.
- Ticker: DLB
- Exchange: NYSE
- Founded: 1965
- Industry: Systems Software
- Sector: Software
- Implied Market Cap: US$7.145b
- Shares outstanding: 100.89m
- Website: https://www.dolby.com
Number of Employees
- Dolby Laboratories, Inc.
- 1275 Market Street
- San Francisco
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/01 00:00|
|End of Day Share Price||2022/07/01 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.