Dropbox Inc
NASDAQ:DBX
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Intrinsic Value
The intrinsic value of 
Dropbox Inc (DBX) under the Base Case is 30.2 USD per share.
Compared with the current market price of 33.51 USD, the stock appears
Overvalued by 10% .
The intrinsic value is calculated using the DCF method. The model assumes net margin jumps to 27% in 2026, higher than in any of the last six years, before easing to 21% by 2033. Revenue grows about 0% a year over the next five years, less than a third of its five-year pace of 6%. The value of the years after 2033 is tied to revenue, so margins count only until then.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Dropbox Does
Dropbox makes software that helps people store, sync, share, and organize files online. Its main product is a cloud-based file workspace that lets users keep documents, photos, videos, and project files in one place and access them from different devices. It also offers tools for team collaboration, document workflows, and secure file sharing, which makes it useful for both individual users and workplaces.
- Headquarters
- United States of America US
- Employees
- 2 113
- IPO date
- Mar 23, 2018
Dropbox has no economic moat
Competitors can offer similar cloud storage and file-sharing tools, and Dropbox does not make those services uniquely valuable or difficult to leave. Microsoft, Google, Apple, Amazon and Box can compete for the same customers with comparable products, lower prices or bundles.
Read the full moat analysis
Revenue & Expenses Breakdown
Dropbox Inc
Earnings Waterfall
Dropbox Inc
What is the Intrinsic Value of one DBX stock?
The intrinsic value for Dropbox Inc (DBX) under the Base Case is 30.2 USD.
Is DBX stock undervalued or overvalued?
Compared with the current market price of 33.51 USD, the stock appears Overvalued by 10% .
