If you are bullish on Dropbox's business prospects, now may be a good time to start a position with the stock down so much from the start of November. Plus, with consistent share repurchases, which hit $181 million last quarter, Dropbox's share count should be down considerably over the next few years, which will increase free cash flow per share. At current prices, that would give the stock a single-digit P/FCF of 9. Longer-term, Dropbox thinks it can hit $1 billion in annual free cash flow by 2024. Management is guiding for $715 million in free cash flow this year, which would give the stock a price-to-free cash flow (P/FCF) ratio of 12.5, significantly below the market average. It is a company whose growth on a per-share basis is mediocre this is problematic. Now whatĭropbox has a market cap of $9 billion. Dropboxs stock-based compensation expenses are diluting shareholder value. Either way, Dropbox stock is down significantly from the beginning of last month, even though its quarterly report beat expectations. Dropbox Inc - Ordinary Shares - Class A 20.78 0.61 (3. Rooms Rankings Earnings Newsletters Shop.
There also could have been some profit-taking from traders with a shorter-term time horizon, as Dropbox stock was up approximately 30% year to date when it released its Q3 results. Real-time trade and investing ideas on Dropbox Inc - Ordinary Shares - Class A DBX from the largest community of traders and investors.
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