Added to YB: 2026-09-02
Pitch date: 2026-08-29
DBX [neutral]
Dropbox, Inc.
-3.8%
current return
Author Info
Coughlin Capital is a long-term investor dedicated to uncovering quality, undervalued companies. Sharing my journey as a do-it-yourself investor with in-depth research, actionable insights, and lessons learned along the way. Sign up for the newsletter.
Company Info
Dropbox, Inc. provides a content collaboration platform in the United States and internationally. The company’s platform enables individuals, families, teams, and organizations to collaborate for free through its website or app, or through a paid subscription plan for premium features.
Market Cap
$7.8B
Pitch Price
$35.61
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.97
P/E
19.77
EV/Sales
4.20
Sector
Software
Category
value
Dropbox, the Share Cannibal
DBX (watchlist): Dropbox remained unowned, but the original share-cannibal thesis largely worked as the stock rose to roughly $36. Revenue held near $2.5 billion, paying users increased for three straight quarters and 2026 unlevered FCF guidance is at least $1.07 billion. Diluted shares fell 18% year over year, helping lift FCF per share 25%; concern would arise only if user growth came entirely from cheaper plans while higher-value customers were leaving.
Read full article (3 min)