Dolby Laboratories
Market Cap
US$10.3b
Last Updated
2021/04/20 22:27 UTC
Data Sources
Company Financials +
Executive Summary
Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
Similar Companies
Share Price & News
How has Dolby Laboratories's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
-1.3%
DLB
-1.0%
US Electronic
-0.8%
US Market
1 Year Return
83.2%
DLB
92.5%
US Electronic
58.4%
US Market
Return vs Industry: DLB underperformed the US Electronic industry which returned 87.8% over the past year.
Return vs Market: DLB exceeded the US Market which returned 55% over the past year.
Shareholder returns
| DLB | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -1.0% | -0.8% |
| 30 Day | 0.4% | 3.5% | 3.1% |
| 90 Day | 4.7% | 4.6% | 4.2% |
| 1 Year | 85.5%83.2% | 96.2%92.5% | 61.1%58.4% |
| 3 Year | 56.7%51.2% | 70.5%63.5% | 66.0%55.4% |
| 5 Year | 147.2%133.5% | 165.2%148.6% | 120.8%96.1% |
Long-Term Price Volatility Vs. Market
How volatile is Dolby Laboratories's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Dolby Laboratories (NYSE:DLB) Has Some Way To Go To Become A Multi-Bagger3 weeks ago | Simply Wall St
Is Dolby Laboratories, Inc.'s (NYSE:DLB) Recent Performance Tethered To Its Attractive Financial Prospects?1 month ago | Simply Wall St
Announcing: Dolby Laboratories (NYSE:DLB) Stock Increased An Energizing 144% In The Last Five YearsValuation
Is Dolby Laboratories undervalued compared to its fair value and its price relative to the market?
31.55x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DLB ($99.61) is trading above our estimate of fair value ($73.03)
Significantly Below Fair Value: DLB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DLB is poor value based on its PE Ratio (31.5x) compared to the US Electronic industry average (28.7x).
PE vs Market: DLB is poor value based on its PE Ratio (31.5x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: DLB is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: DLB is overvalued based on its PB Ratio (3.9x) compared to the US Electronic industry average (2.7x).
Future Growth
How is Dolby Laboratories forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
7.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DLB's forecast earnings growth (7.4% per year) is above the savings rate (2%).
Earnings vs Market: DLB's earnings (7.4% per year) are forecast to grow slower than the US market (17.8% per year).
High Growth Earnings: DLB's earnings are forecast to grow, but not significantly.
Revenue vs Market: DLB's revenue (5.5% per year) is forecast to grow slower than the US market (9.7% per year).
High Growth Revenue: DLB's revenue (5.5% 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 (15.1%).
Past Performance
How has Dolby Laboratories performed over the past 5 years?
8.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DLB has high quality earnings.
Growing Profit Margin: DLB's current net profit margins (25.2%) are higher than last year (16.7%).
Past Earnings Growth Analysis
Earnings Trend: DLB's earnings have grown by 8.4% per year over the past 5 years.
Accelerating Growth: DLB's earnings growth over the past year (54.1%) exceeds its 5-year average (8.4% per year).
Earnings vs Industry: DLB earnings growth over the past year (54.1%) exceeded the Electronic industry -6.4%.
Return on Equity
High ROE: DLB's Return on Equity (12.7%) is considered low.
Financial Health
How is Dolby Laboratories's financial position?
Financial Position Analysis
Short Term Liabilities: DLB's short term assets ($1.7B) exceed its short term liabilities ($316.4M).
Long Term Liabilities: DLB's short term assets ($1.7B) exceed its long term liabilities ($209.2M).
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?
0.88%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DLB's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: DLB's dividend (0.88%) is low compared to the top 25% of dividend payers in the US market (3.48%).
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 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.9%), 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 (23.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.7yrs
Average management tenure
CEO
Kevin Yeaman (54 yo)
12.08yrs
Tenure
US$7,868,836
Compensation
Mr. Kevin J. Yeaman has been the Chief Executive Officer, President and Director of Dolby Laboratories, Inc. since March 28, 2009. Mr. Yeaman served as the Chief Financial Officer of Dolby Laboratories Inc...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD7.87M) is about average for companies of similar size in the US market ($USD11.18M).
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 seasoned and experienced (6.7 years average tenure).
Board Members
Experienced Board: DLB's board of directors are considered experienced (9.2 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dolby Laboratories, Inc.
- Ticker: DLB
- Exchange: NYSE
- Founded: 1965
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$10.284b
- Shares outstanding: 101.61m
- Website: https://www.dolby.com
Number of Employees
Location
- Dolby Laboratories, Inc.
- 1275 Market Street
- San Francisco
- California
- 94103-1410
- United States
Listings
Biography
Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company develops and licenses its...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/20 22:27 |
| End of Day Share Price | 2021/04/20 00:00 |
| Earnings | 2020/12/25 |
| Annual Earnings | 2020/09/25 |
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.