DBX logo
Dropbox Inc.
DBX
28.61 (-0.31%) 0.09
8.05(B)
Information Technology
Software
Dropbox Inc. provides a content collaboration platform in the United States and internationally. The company’s platform allows individuals families 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. It serves customers in the professional services technology media education industrial consumer and retail and financial services industries. The company was formerly known as Evenflow Inc. and changed its name to Dropbox Inc. in October 2009. Dropbox Inc. was incorporated in 2007 and is headquartered in San Francisco California.
My Holdings:
(?% ownership)
Shares:
Cost basis:
Market cap:$8.05(B)
EV:$9.67(B)
Total Equity:$-1.08(B)
Div. yield:0.00%
Earnings date:Aug-07-2025
P/E:18.70
P/E (fwd):10.84
P/FCF:9.32
P/S:3.46
P/B:N/A
EPS:$1.5
EPS (fwd):$2.6
FCF/share:$3.1
Dividend/share:$0.0
Book value/share:$-3.9
ROIC:28.4%
ROA:16.3%
ROE:N/A%

DBX Valuation & Price Targets

  Current Price
28.61
PE Valuation
N/A
PEvaluation is not available for DBX.
Analyst targets
N/A
No analyst estimates for DBX.
DCF
N/A
Adjust your assumptions to reach a valid valuation.
DCF (exit mult.)
N/A
Adjust your assumptions to reach a valid valuation.
Future P/E
N/A
Adjust your assumptions to reach a valid valuation.
Peter Lynch FV
N/A
Adjust your assumptions to reach a valid valuation.
Graham No.
N/A
Adjust your assumptions to reach a valid valuation.
DDM
N/A
Adjust your assumptions to reach a valid valuation.

PEvaluation

35% undervalued
Low
$28.9
Mid
$38.5
High
$48.2
Current price
$28.6
Fair P/E
Margin of safety
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: None/narrow

Analyst Price Targets

1% undervalued
Low
$20.0
Mid
$29.0
High
$35.0
Current price
$28.6
Strong Buy1
Buy0
Hold8
Sell0
Strong Sell3

Estimated EPS

LowAvgHigh#
FY+12.52.62.811
FY+22.52.93.211
FY+32.72.93.14
FY+42.92.92.91
FY+52.92.92.91

Discounted Cash Flow

Forecast years
Terminal Growth Rate
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years
Exit FCF Multiple
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Future P/E Valuation

Projection Years
Base Revenue
Revenue Growth Rate
Final Net Margin
Final P/E Ratio
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate (*)

(*) Growth rate is capped between 0 and 25

Graham Formula

Earnings Per Share
Expected Growth Rate
Government Bond Rate

(*) Growth rate is capped to 25

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

(*) First stage rowth rate is capped to 20%

Based on 0 valuation methods, the average fair value estimate for DBX is $N/A (NaN% overvalued).

Valuations range from $1.7976931348623157e+308 (N/A) to $0.0 (N/A).

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$2.54(B)
Gross profit$2.09(B)
EBITDA$720.10(M)
Net income$470.30(M)
Gross margin82.2%
Operating margin20.7%
Net margin18.5%
Shares outstanding:281.49(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsEquityCurrent liabilitiesLong term debtOther LT liabilities
Total assets$2.96(B)
Current assets$1.33(B)
Total liabilities$4.03(B)
Current liabilities$1.84(B)
Cash & Short-term inv.$1.18(B)
Long-term debt$1.65(B)
Total intangibles$491.40(M)
PP&E$546.00(M)

Cash flow (TTM)

CFOCFICFF
FCF$859.00(M)
CapEx$-13.40(M)
Dividends paid$0
Stock issued$800000
Stock repurchased$-1.61(B)
Stock-based comp.$335.60(M)
Debt issued$1000.00(M)
Debt repaid$-133.60(M)

Per share data (TTM)

Price: $28.6
Revenue: $8.28 (3.5x | 28.9%) Gross profit: $7.42 (3.9x | 25.9%) Earnings: $1.53 (18.7x | 5.3%)
FCF: $3.07 (9.3x | 10.7%) Stock-based Comp.: $1.19 (24.0x | 4.2%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $10.5 (2.7x | 36.7%) Total Liabilities: $14.3 (2.0x | 50.1%) Book Value: $-3.85 (-7.4x | -13.5%) Cash & ST inv.: $4.19 (6.8x | 14.7%) Debt: $5.86 (4.9x | 20.5%)

Growth Estimates

Revenue

CAGR: -0.9%
FY+1FY+2FY+3FY+4FY+5
FY+1$2.48(B)
FY+2(-0.5%)$2.47(B)
FY+3(-0.3%)$2.46(B)
FY+4(-2.0%)$2.41(B)
FY+5(-0.6%)$2.40(B)

Net Income

CAGR: 3.5%
FY+1FY+2FY+3FY+4FY+5
FY+1$741.13(M)
FY+2(-0.6%)$736.50(M)
FY+3(+3.7%)$764.08(M)
FY+4(+8.6%)$830.00(M)
FY+5(+2.5%)$851.00(M)

EPS

CAGR: 2.6%
FY+1FY+2FY+3FY+4FY+5
FY+1$2.64
FY+2(+8.0%)$2.85
FY+3(+1.1%)$2.88
FY+4(-1.0%)$2.85
FY+5(+2.8%)$2.93

FCF per share

CAGR: 4.8%
FY+1FY+2
FY+1$3.31
FY+2(+4.8%)$3.47

Historical Financials

Showing limited histrical data. Access 10+ years of financials now! Upgrade
YearlyQuarterly
Income
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024TTM5Y avg5Y CAGR
Revenue1.91(B)2.16(B)2.32(B)2.50(B)2.55(B)2.54(B)2.29(B)7%
COGS414.60(M)444.20(M)444.20(M)478.50(M)445.10(M)456.00(M)445.32(M)2%
Gross Profit1.50(B)1.71(B)1.88(B)2.02(B)2.10(B)2.09(B)1.84(B)9%
Total OpEx.1.38(B)1.41(B)1.52(B)1.64(B)1.62(B)1.56(B)1.51(B)4%
  R&D727.50(M)755.90(M)891.90(M)936.50(M)914.90(M)874.20(M)845.34(M)6%
  SG&A650.60(M)652.10(M)632.30(M)703.10(M)701.90(M)684.80(M)668.00(M)2%
Operating Income121.20(M)305.70(M)356.50(M)383.50(M)486.30(M)526.60(M)330.64(M)42%
Interest Expense1.70(M)-5.20(M)0.000.000.00-14.60(M)-700000-100%
Interest Income0.000.003.30(M)19.40(M)13.90(M)6.60(M)7.32(M)N/A%
Pre-tax income-250.20(M)299.30(M)192.70(M)554.40(M)509.80(M)528.20(M)261.20(M)N/A%
Income tax-6.10(M)36.50(M)360.50(M)-100.80(M)-57.50(M)-57.90(M)46.52(M)75%
Net Income-256.30(M)335.80(M)553.20(M)453.60(M)452.30(M)470.30(M)307.72(M)N/A%
Cash flow
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Stock-based Comp.FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Total AssetsTotal LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
EPS (Basic)FCF/ShareDividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
P/EP/SEV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Net Income MarginOperating MarginGross MarginEBITDA MarginFCF Margin
Returns
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
ROICROAROCEROE
Shares outstanding
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Shares (Basic)Shares (Diluted)
Market Cap.
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Market Cap.

Similar Companies

Ownership

Major holders

Insiders: 6.09%
Institutions: 113.55%
Other: -19.65%

Institutional ownership

12.57% Vanguard Group Inc11.66% Blackrock Inc.7.86% Ameriprise Financial, ...5.14% Renaissance Technologi...4.18% Acadian Asset Manageme...3.73% LSV Asset Management3.64% State Street Corporati...2.96% Arrowstreet Capital, L...2.80% Jacobs Levy Equity Man...2.79% Morgan Stanley56.22% Others

Insider transactions

Show:
Buys
Sells
Grants
DateSharesTotal ($)Price ($)NameTitle
Sell2025-05-302,50071,95028.8REGAN TIMOTHYChief Financial Officer
Sell2025-05-277,000199,68728.5PEACOCK KARENDirector
Sell2025-05-165,239151,62728.9CAMPBELL LISA MDirector
Sell2025-05-162,33967,69928.9COX ERIC LEONARDOfficer
Grant2025-05-158,44300.0JACOBS PAUL EDirector
Grant2025-05-158,44300.0CAMPBELL LISA MDirector
Grant2025-05-158,44300.0JENSON WARREN CDirector
Grant2025-05-158,44300.0PARASNIS ABHAYDirector
Sell2025-05-152,50073,82529.5REGAN TIMOTHYChief Financial Officer
Grant2025-05-158,44300.0PEACOCK KARENDirector
Grant2025-05-158,44300.0SEIBEL MICHAELDirector
Grant2025-05-158,44300.0MOORE ANDREW WILLIAMDirector
Sell2025-04-302,50070,73128.3REGAN TIMOTHYChief Financial Officer
Sell2025-04-152,50067,33826.9REGAN TIMOTHYChief Financial Officer
Grant2025-04-01209,77700.0REGAN TIMOTHYChief Financial Officer
Sell2025-04-0110,000270,02127.0REGAN TIMOTHYChief Financial Officer
Grant2025-04-01610,26000.0DASDAN ALIChief Technology Officer
Grant2025-04-0183,91000.0COX ERIC LEONARDOfficer
Grant2025-04-0183,91000.0COX ERIC LEONARDOfficer
Sell2025-03-282,50066,43226.6REGAN TIMOTHYChief Financial Officer
Sell2025-03-142,50063,17025.3REGAN TIMOTHYChief Financial Officer
Sell2025-02-282,50064,70425.9REGAN TIMOTHYChief Financial Officer
Sell2025-02-273,76599,00926.3COX ERIC LEONARDOfficer
Sell2025-02-072,50080,48732.2REGAN TIMOTHYChief Financial Officer
Sell2025-01-302,50080,43732.2REGAN TIMOTHYChief Financial Officer
Sell2025-01-2180,4992,492,76431.0HOUSTON ANDREW WChief Executive Officer
Grant2025-01-172,73900.0JENSON WARREN CDirector
Sell2025-01-152,50075,93630.4REGAN TIMOTHYChief Financial Officer
Sell2025-01-0629,917899,56230.1HOUSTON ANDREW WChief Executive Officer
Sell2025-01-03504,58014,964,08829.7HOUSTON ANDREW WChief Executive Officer
Sell2025-01-0210,000296,48529.6REGAN TIMOTHYChief Financial Officer
Sell2024-12-302,50075,95030.4REGAN TIMOTHYChief Financial Officer
Sell2024-12-132,50074,97530.0REGAN TIMOTHYChief Financial Officer
Sell2024-12-1115,000450,17130.0REGAN TIMOTHYChief Financial Officer
Sell2024-12-11137,4994,132,23030.1HOUSTON ANDREW WChief Executive Officer
Sell2024-12-02132,0003,711,55028.1HOUSTON ANDREW WChief Executive Officer
Sell2024-11-292,50069,67927.9REGAN TIMOTHYChief Financial Officer
Sell2024-11-22152,0254,192,72627.6HOUSTON ANDREW WChief Executive Officer
Sell2024-11-216,149168,66627.4CAMPBELL LISA MDirector
Sell2024-11-182,33061,52626.4COX ERIC LEONARDOfficer
Sell2024-11-152,50067,93227.2REGAN TIMOTHYChief Financial Officer
Sell2024-11-15637,97717,666,81027.7HOUSTON ANDREW WChief Executive Officer
Sell2024-10-292,50064,27725.7REGAN TIMOTHYChief Financial Officer
Sell2024-10-152,50065,44326.2REGAN TIMOTHYChief Financial Officer
Sell2024-10-02448,66811,285,47725.2HOUSTON ANDREW WChief Executive Officer
Sell2024-10-0112,500314,93625.2REGAN TIMOTHYChief Financial Officer
Sell2024-09-27160,0484,035,14025.2HOUSTON ANDREW WChief Executive Officer
Sell2024-09-25146,0943,655,62225.0HOUSTON ANDREW WChief Executive Officer
Sell2024-09-193,17779,42525.0REGAN TIMOTHYChief Financial Officer
Sell2024-09-193,49387,32725.0HOUSTON ANDREW WChief Executive Officer
Sell2024-09-173,30080,87524.5REGAN TIMOTHYChief Financial Officer
Sell2024-09-178,700217,50025.0HOUSTON ANDREW WChief Executive Officer
Sell2024-09-039,023226,06025.1REGAN TIMOTHYChief Financial Officer
Sell2024-09-0384,5002,041,64824.2HOUSTON ANDREW WChief Executive Officer
Sell2024-08-162,33053,26222.9COX ERIC LEONARDOfficer
Sell2024-08-153,00068,36222.8REGAN TIMOTHYChief Financial Officer
Sell2024-08-0182,0001,917,72623.4HOUSTON ANDREW WChief Executive Officer
Sell2024-07-303,00073,13524.4REGAN TIMOTHYChief Financial Officer
Sell2024-07-157,000159,33022.8VOLKMER BART EDWARDOfficer
Sell2024-07-153,00068,27122.8REGAN TIMOTHYChief Financial Officer
Sell2024-07-0113,000290,30222.3REGAN TIMOTHYChief Financial Officer
Sell2024-07-0182,0001,836,98922.4HOUSTON ANDREW WChief Executive Officer
Sell2024-06-176,908145,17421.0VOLKMER BART EDWARDOfficer
Sell2024-06-173,00062,78120.9REGAN TIMOTHYChief Financial Officer

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