In an increasingly digitized world, we believe that Dropbox is amid a transition from a cloud-storage pure play to a more holistic content collaboration platform. With acquisitions in the e-signature and document-sharing spaces, we believe no-moat Dropbox’s pivot away from cloud storage could provide the firm with economic tailwinds.
Dropbox has the potential to materially grow its top line via its acquisitions in high-growth spaces of document sharing and e-signatures.
Dropbox faces formidable well-capitalized competition that includes the likes of Google and Microsoft.
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Metric
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DBX
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MSFT
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GOOGL
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|---|---|---|---|
Price/Earnings (Normalized) | 12.33 | 36.25 | 26.53 |
Price/Book Value | — | 12.51 | 6.87 |
Price/Sales | 3.22 | 13.15 | 6.47 |
Price/Cash Flow | 8.93 | 28.66 | 18.83 |
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Metric
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DBX
|
MSFT
|
GOOGL
|
|---|---|---|---|
Quick Ratio | 1.19 | 1.02 | 1.94 |
Current Ratio | 1.26 | 1.22 | 2.10 |
Interest Coverage | — | 41.49 | 266.75 |
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Metric
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DBX
|
MSFT
|
GOOGL
|
|---|---|---|---|
Return on Assets (Normalized) | 22.78% | 19.91% | 24.48% |
Return on Equity (Normalized) | — | 39.57% | 35.00% |
Return on Invested Capital (Normalized) | 35.11% | 29.21% | 30.54% |
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Ticker
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Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
MSFT
| Microsoft Corp | Nmpdjrxzh | Bjfv | $3.0 Tril | |
ORCL
| Oracle Corp | Cydcs | Prmlbyl | $314.8 Bil | |
ADBE
| Adobe Inc | Bjfxqkpcm | Tnhs | $209.2 Bil | |
PANW
| Palo Alto Networks Inc | Lvfypbsc | Mdzl | $90.8 Bil | |
SNPS
| Synopsys Inc | Wxwymrdft | Pbyfdp | $78.6 Bil | |
CRWD
| CrowdStrike Holdings Inc Class A | Cpbfrzvqj | Tyljwc | $69.9 Bil | |
FTNT
| Fortinet Inc | Nyxxzpkx | Kngp | $48.6 Bil | |
PLTR
| Palantir Technologies Inc Ordinary Shares - Class A | Kmfwhmtt | Kvpkxb | $46.8 Bil | |
SQ
| Block Inc Class A | Tlzhvxys | Nqvxk | $44.4 Bil | |
NET
| Cloudflare Inc | Xzzlwgjqn | Khwtgr | $29.3 Bil |
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