DBX - NASDAQ

Dropbox, Inc.

Dropbox, Inc.

DBXยทNASDAQ

$27.59

-4.6%
TechnologySoftware - Infrastructure

Dropbox, Inc. provides a content collaboration platform worldwide. Its 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. As of December 31, 2021, the company had approximately 700 million registered users. It serves customers in 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.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$7.02B
EPS1.8900
P/E Ratio14.60
Earnings Date08/06/2026
Dropbox, Inc.

Dropbox, Inc. Fair Value Envelope

DBX ยท NASDAQ

Our analysis suggests that DBX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $27.59, this represents a potential HIDDEN relative to our calculated worth for Dropbox, Inc..

HIDDEN
Intrinsic Value
Current Price: $27.59

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

$
%
$
%
$
$

Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$23.3B
+ Cash & Equivalents$891.3M
Firm Value$24.2B
- Debt$3.9B
Equity Value$20.3B
/ Shares Outstanding281,089,479B
DCF Value$72
UNDERVALUED BY 161%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.0B
$1.1B
$1.2B
$1.2B
$1.3B
$1.4B
$1.5B
$1.6B
$1.7B
$1.8B
Maintenance CapEx
-$4.5M
-$4.8M
-$5.1M
-$5.5M
-$5.8M
-$6.2M
-$6.7M
-$7.1M
-$7.6M
-$8.1M
Owner Earnings
$1.0B
$1.1B
$1.2B
$1.2B
$1.3B
$1.4B
$1.5B
$1.6B
$1.7B
$1.8B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$937.0M
$926.5M
$916.2M
$905.9M
$895.8M
$885.8M
$875.9M
$866.1M
$856.4M
$846.8M
Terminal Value represents 61.8% of Enterprise Value

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