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Dolby Laboratories Inc
NYSE:DLB

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Dolby Laboratories Inc Logo
Dolby Laboratories Inc
NYSE:DLB
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Price: 81 USD -1.04% Market Closed
Updated: Mar 1, 2024

Intrinsic Value

Dolby Laboratories, Inc. engages in the provision of audio and imaging technologies. [ Read More ]

The intrinsic value of one DLB stock under the Base Case scenario is 75.8 USD. Compared to the current market price of 81 USD, Dolby Laboratories Inc is Overvalued by 6%.

Key Points:
DLB Intrinsic Value
Base Case
75.8 USD
Overvaluation 6%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Dolby Laboratories Inc

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Fundamental Analysis

Company Maintains Steady Guidance Amidst Revenue Dip
2024-Q1 Earnings Call

Company Maintains Steady Guidance Amidst Revenue Dip

Q1 revenue was $316 million, down 6% year-over-year but aligned with the midpoint of guidance, driven by a 5% drop in licensing revenue. Foundational licensing is expected to see mid-single-digit declines, while Dolby Atmos and Dolby Vision are projected for high single-digit growth. Q1 earnings of $1.01 per share exceeded expectations due to lower operating expenses. Looking ahead, Q2 revenue is anticipated to be $345-375 million, with licensing revenue between $320-350 million, and non-GAAP EPS is projected at $1.14-1.29. Full year guidance maintains approximately flat revenue with consistent performance expected across various sectors.

Financials

Balance Sheet Decomposition
Dolby Laboratories Inc

Current Assets 1.5B
Cash & Short-Term Investments 797.6m
Receivables 510.8m
Other Current Assets 142.9m
Non-Current Assets 1.5B
Long-Term Investments 92.9m
PP&E 517.3m
Intangibles 570.3m
Other Non-Current Assets 303.6m
Current Liabilities 394.1m
Accounts Payable 14.4m
Accrued Liabilities 168.5m
Other Current Liabilities 211.2m
Non-Current Liabilities 195.6m
Other Non-Current Liabilities 195.6m
Efficiency
Fundamental Scores

DLB Profitability Score
Profitability Due Diligence

Dolby Laboratories Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

60/100
Profitability
Score

Dolby Laboratories Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

DLB Solvency Score
Solvency Due Diligence

Dolby Laboratories Inc's solvency score is 80/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Long-Term Solvency
Low D/E
Short-Term Solvency
80/100
Solvency
Score

Dolby Laboratories Inc's solvency score is 80/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

DLB Price Targets Summary
Dolby Laboratories Inc

Wall Street analysts forecast DLB stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for DLB is 99.96 USD with a low forecast of 98.98 USD and a high forecast of 102.9 USD.

Lowest
Price Target
98.98 USD
22% Upside
Average
Price Target
99.96 USD
23% Upside
Highest
Price Target
102.9 USD
27% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

DLB Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

DLB Price
Dolby Laboratories Inc

1M 1M
-5%
6M 6M
-5%
1Y 1Y
-1%
3Y 3Y
-17%
5Y 5Y
+31%
10Y 10Y
+115%
Annual Price Range
81
52w Low
76.09
52w High
90.62
Price Metrics
Average Annual Return 5.86%
Standard Deviation of Annual Returns 25.94%
Max Drawdown -38%
Shares Statistics
Market Capitalization 7.8B USD
Shares Outstanding 95 580 000
Percentage of Shares Shorted 2.62%

DLB Return Decomposition
Main factors of price return

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DLB News

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Company Profile

Dolby Laboratories Inc Logo
Dolby Laboratories Inc

Country

United States of America

Industry

Technology

Market Cap

7.8B USD

Dividend Yield

1.49%

Description

Dolby Laboratories, Inc. engages in the provision of audio and imaging technologies. The company is headquartered in San Francisco, California and currently employs 2,368 full-time employees. The company went IPO on 2005-02-17. The firm's products are used in content creation, distribution, and playback to enhance image and sound quality, and improve transmission and playback. The company offers a developer platform, Dolby.io, that enables developers to access its technologies through application programming interfaces (APIs). These offerings include media processing APIs for analyzing and improving the sound of recorded audio files, and interactivity APIs for enabling developers to embed enhanced communications experiences within their applications. The firm's technologies include Advanced Audio Coding (AAC) and High Efficiency Advanced Audio Coding (HE-AAC); Advanced Video Coding (AVC); Dolby AC-4; Dolby Atmos; Dolby Digital; Dolby Digital Plus; Dolby TrueHD; Dolby Vision; Dolby Voice; and High Efficiency Video Coding (HEVC).

Contact

CALIFORNIA
San Francisco
1275 Market St
+14155580200.0
https://www.dolby.com/

IPO

2005-02-17

Employees

2 368

Officers

President, CEO & Director
Mr. Kevin J. Yeaman
Senior VP & CFO
Mr. Robert J. Park
Executive VP, General Counsel & Corporate Secretary
Mr. Andy Sherman
Senior VP & Chief Marketing Officer
Mr. Todd Pendleton
Senior Vice President of Entertainment
Mr. John D. Couling
VP, Corporate Controller & Chief Accounting Officer
Mr. Ryan Nicholson
Show More
CTO & Senior VP
Mr. Craig Todd
Head of Investor Relations
Ms. Maggie O'Donnell
Senior VP & Chief People Officer
Ms. Linda Rogers
Senior Vice President
Mr. Ioan Allen
Show Less

See Also

Discover More
What is the Intrinsic Value of one DLB stock?

The intrinsic value of one DLB stock under the Base Case scenario is 75.8 USD.

Is DLB stock undervalued or overvalued?

Compared to the current market price of 81 USD, Dolby Laboratories Inc is Overvalued by 6%.