- Dropbox is currently trading at a similar level to its IPO price in 2018 despite being in a growth industry.
- The company could have been overlooked due to its "boring" nature and worries over intense competition.
- A deep dive into Dropbox's fundamentals shows that the business is actually very solid.
- Fundamentals are improving, management is experienced and shareholder friendly, and the company benefits from a narrow moat.
- A P/S and DCF valuation suggests that Dropbox could still be ~10% undervalued.
For further details see:
Dropbox: A 'Boring' But Solid Cloud Company