-4.11%
7.09%
13.69%
9.82%
6.03%
-1.83%
19.55%

Company Description

Dolby Laboratories, Inc.creates audio and imaging technologies that transform entertainment and communications at the cinema, DTV, transmissions and devices, mobile devices, OTT video and music services, and home entertainment devices.The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications.; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, an digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and a range of media devices.


Its audio technologies also include Dolby Digital, a digital audio coding technology that provides multichannel sound to applications; Dolby Digital Plus, a digital audio coding technology that offers audio transmission for a range of media applications and devices; Dolby TrueHD, a digital audio coding technology providing encoding for media application; Dolby Vision, an imaging technology for cinema and media devices; Dolby Voice, an audio conferencing technology; and HEVC, a digital video codec with high bandwidth efficiency to support for media devices.In addition, the company designs and manufactures digital cinema servers, cinema processors, amplifiers, loudspeakers, hardware components, video conferencing solutions, and other products for the cinema, television, broadcast, communication, and entertainment industries.Further, it offers various services to support theatrical and television production for cinema exhibition, broadcast, and home entertainment.


The company serves film studios, content creators, post-production facilities, cinema operators, broadcasters, and video game designers.It sells its products directly to the end users, as well as through dealers and distributors worldwide.Dolby Laboratories, Inc.


was founded in 1965 and is headquartered in San Francisco, California.

Market Data

Last Price 83.73
Change Percentage -4.11%
Open 84.79
Previous Close 87.32
Market Cap ( Millions) 8070
Volume 744108
Year High 89.66
Year Low 66.35
M A 50 79.19
M A 200 77.04

Financial Ratios

FCF Yield 3.68%
Dividend Yield 1.47%
ROE 10.82%
Debt / Equity 1.90%
Net Debt / EBIDTA -155.05%
Price To Book 3.22
Price Earnings Ratio 30.51
Price To FCF 27.15
Price To sales 6.34
EV / EBITDA 22.02

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Licensing

Expected Growth : 4.5 %

What the company do ?

Dolby Laboratories, Inc. licensing involves obtaining permission to use their patented audio compression technologies, such as Dolby Digital and Dolby Atmos, in products and services.

Why we expect these perspectives ?

Dolby Laboratories' 4.5% licensing growth driven by increasing demand for premium audio experiences in smartphones, TVs, and PCs. Rising adoption of Dolby Atmos and Vision technologies in streaming services and cinemas also contributes to growth. Additionally, expansion into new markets, such as gaming and virtual reality, further fuels licensing revenue.

Segment nΒ°2 -> Products and Services

Expected Growth : 5.5 %

What the company do ?

Dolby Laboratories, Inc. offers products and services in audio and video technologies, including Dolby Atmos, Dolby Vision, and audio conferencing solutions for cinema, home, and mobile devices.

Why we expect these perspectives ?

Dolby Laboratories' 5.5% growth in Products and Services is driven by increasing demand for premium audio experiences, expansion into new markets such as gaming and virtual reality, and growing adoption of Dolby Atmos and Vision technologies in cinemas, homes, and mobile devices.

Dolby Laboratories, Inc. Products

Product Range What is it ?
Dolby Atmos An audio technology that allows for the creation and playback of immersive, three-dimensional soundscapes.
Dolby Vision A video technology that offers high-dynamic-range (HDR) and wide-color-gamut (WCG) capabilities.
Dolby Voice A conferencing technology that provides high-quality, crystal-clear audio for online meetings and collaborations.
Dolby Cinema A premium cinema experience that combines Dolby Vision and Dolby Atmos technologies.
Dolby On A mobile app that allows users to record and share high-quality audio and video content.
Dolby.io A cloud-based platform that provides APIs and software development kits (SDKs) for developers to integrate Dolby technologies into their applications.

Dolby Laboratories, Inc.'s Porter Forces

Dolby Laboratories, Inc. has a moderate threat of substitutes due to the presence of alternative audio technologies such as DTS and SRS. However, Dolby's strong brand recognition and partnerships with major studios and manufacturers mitigate this threat.

Dolby's customers, including movie studios and electronics manufacturers, have limited bargaining power due to the company's dominant market position and patented technologies.

Dolby's suppliers, including semiconductor manufacturers and component suppliers, have limited bargaining power due to the company's strong relationships and diversified supply chain.

The threat of new entrants is low due to the high barriers to entry in the audio technology industry, including significant R&D investments and patent protections.

The intensity of rivalry in the audio technology industry is moderate, with Dolby facing competition from established players such as DTS and SRS, but maintaining a strong market position through innovation and partnerships.

Capital Structure

Value
Debt Weight 2.11%
Debt Cost 3.95%
Equity Weight 97.89%
Equity Cost 8.84%
WACC 8.74%
Leverage 2.15%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

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Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
83.73$
Current Price
83.73$
Potential
-0.00%

Expected Cash-Flows

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Peers Group Analysis

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