Dolby Laboratories creates audio, imaging, and communication technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company was founded in 1965 and is based in San Francisco, California.
DLB Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for DLB, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Dolby Laboratories Inc ranked in the 31th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for DLB, they are:
The business' balance sheet reveals debt to be 1% of the company's capital (with equity being the remaining amount). Approximately merely 5.76% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
DLB's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 55.02% of tickers in our DCF set.
As a business, Dolby Laboratories Inc experienced a tax rate of about 5% over the past twelve months; relative to its sector (Consumer Cyclical), this tax rate is higher than merely 23.13% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
JOUT, ATR, MNRO, IGT, and AAP can be thought of as valuation peers to DLB, in the sense that they are in the Consumer Cyclical sector and have a similar price forecast based on DCF valuation.
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Dolby Laboratories, Inc. (DLB) Q3 2020 Earnings Conference Call August 3, 2020 5:00 PM ET Company Participants Jason Dea - Director, Investor Relations Lewis Chew - Executive Vice President and Chief Financial Officer Kevin Yeaman - President and Chief Executive Officer Conference Call Participants Ralph Schackart - William Blair Paul...
Dolby Laboratories (NYSE:DLB) is scheduled to announce Q3 earnings results on Monday, August 3rd, after market close.The consensus EPS Estimate is $0.27 (-64.5% Y/Y) and the consensus Revenue Estimate is $232.61M (-23.0% Y/Y).Over the last 2 years, DLB has beaten EPS estimates 75% of the time and has beaten revenue...