DBX - Dropbox: The Right Value Play For This Choppy Market
- Shares of Dropbox are down ~8% year-to-date but have outperformed SaaS peers due to its value orientation.
- Dropbox recently posted a strong Q4 earnings print that beat Wall Street's expectations on the top and bottom line.
- Paid users and revenue per user continue to grow, as Dropbox continues to build out its product portfolio.
- Free cash flow also grew substantially in 2021, inching closer to Dropbox's long-term goal of $1 billion in FCF by 2024.
- The stock continues to trade cheaply at <4x forward revenue.
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Dropbox: The Right Value Play For This Choppy Market