10 Year Financial Data of Dolby Laboratories, Inc. (DLB)

34.43 (1y: -22%)

Market Cap	3.5 B	P/E(ttm)	15.10
Enterprise Value	3.04 B	P/B

DLB- NYSE (USA)
Dolby Laboratories, Inc.

Currently 3/5

Business Predictability Rank: 3-Star (On Watch)
Back Testing Results:
Average gain of all 3-Star stocks: 8.2% per year.
% of Stocks that are in still loss if held for 10yrs: 11%.
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$34.43

2 Severe Warning Signs 1 Medium Warning Sign 1 Good Sign

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Annual Rates (per share)	10 yrs*	5 yrs*	12 months*
Revenue Growth (%)	14.8	7.8	3.2
EBITDA Growth (%)	21.1	0.1	-16
Free Cash Flow Growth (%)	19.9	-5	-46.6
Book Value Growth (%)	0	0	-18.5

*12-month growth rate is calculated with the per share revenue (EBITDA, FCF, earnings) of the last 12 months over the per share revenue (EBITDA, FCF, earnings) over the previous 12 months. 5-year and 10-year growth rates are calculated with least-square regression based on the 5-year and 10-year numbers.

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See this page for the explanation of the data and charts * All numbers are in millions except for per share data

Per Share Data	Annuals											Quarterly
Fiscal Period	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Dec12	TTM	Dec11	Mar12	Jun12	Sep12	Dec12

Revenue per Share ($)	3.12	3.15	3.51	4.24	5.58	6.24	8.00	8.49	8.61	8.76	8.76	2.13	2.38	1.94	2.15	2.29
EBITDA per Share	0.82	0.92	1.28	1.78	2.71	3.40	4.02	4.21	3.77	3.53	3.51	1.02	1.20	0.74	0.80	0.77
Free Cashflow per Share	0.37	0.63	1.11	1.30	2.19	2.16	2.50	3.17	2.07	1.84	1.81	0.76	0.93	0.73	-0.39	0.54
Earnings per Share ($)	0.43	0.50	0.80	1.26	1.74	2.11	2.46	2.75	2.46	2.29	2.28	0.67	0.81	0.48	0.49	0.50
Book Value per Share	1.54	4.42	5.32	7.02	9.14	11.62	12.77	14.78	16.00	--	12.83	15.74	16.17	16.13	16.43	12.83
Month End Stock Price	--	16.00	19.85	34.82	35.19	38.19	56.81	27.44	32.75	29.33	29.33	30.51	38.06	41.30	32.75	29.33
Ratios	Annuals											Quarterly
Fiscal Period	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Dec12	Latest Q.	Dec11	Mar12	Jun12	Sep12	Dec12

Return on Equity %	27.80	11.30	15.10	17.90	19.00	18.10	19.20	18.60	15.40	--	15.60	16.80	20.00	12.00	12.00	15.60
Return on Assets %	15.20	8.90	12.10	14.40	14.90	15.40	16.60	16.40	13.50	--	13.20	15.20	17.60	10.40	10.40	13.20
Return on Capital - Joel Greenblatt %	90.30	96.80	179	241	433	355	305	248	133	--	91.20	224	268	166	105	91.20
Debt to Equity	0.10	0.03	0.02	0.01	0.01	0.01	--	--	--	--	--	--	--	--	--	--

Gross Margin %	68.30	75.50	80.60	84.60	89.40	91.00	85.70	88.40	90.10	89.50	89.20	91.30	90.90	89.90	88.00	89.20
Operating Margin %	23.50	25.60	33.10	38.80	44.80	50.50	46.50	45.00	39.10	35.30	28.30	43.40	46.50	32.80	31.80	28.30
Net Margin %	13.80	15.90	22.90	29.60	31.20	33.80	30.70	32.40	28.50	26.10	21.70	31.30	33.90	24.80	22.90	21.70

Days Sales Outstanding	30.90	37.00	23.20	21.30	15.80	11.70	21.50	23.60	19.40	--	21.80	21.10	20.20	20.20	19.90	21.80
Days Inventory	28.60	53.30	53.30	73.10	97.70	73.10	78.50	86.20	66.20	--	74.70	149	63.90	55.20	56.30	74.70
Inventory Turnover	12.80	6.80	6.80	5.00	3.70	5.00	4.70	4.20	5.50	--	1.20	0.60	1.40	1.60	1.60	1.20

Debt to Revenue	0.05	0.04	0.03	0.02	0.02	0.01	--	--	--	--	--	--	--	--	--	--
COGS to Revenue	0.32	0.24	0.19	0.15	0.11	0.09	0.14	0.12	0.10	0.10	0.11	0.09	0.09	0.10	0.12	0.11
Inventory to Revenue	0.03	0.04	0.03	0.03	0.03	0.02	0.03	0.03	0.02	--	0.09	0.14	0.06	0.06	0.07	0.09
Interest Exp. to Revenue %	-0.32	1.56	4.33	4.78	2.46	1.44	0.72	0.83	0.67	--	0.56	0.73	0.54	0.72	0.72	0.56

Asset Turnover	1.10	0.56	0.53	0.49	0.48	0.46	0.54	0.51	0.47	--	0.15	0.12	0.13	0.11	0.12	0.15
Buyback Ratio	-3.40	-471	-8.60	-7.10	-7.40	-1.40	-1.40	-1.80	-6.60	-8.70	-8.70	-2.40	-2.00	-18.10	-8.80	-8.70
Income Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Dec12	TTM	Dec11	Mar12	Jun12	Sep12	Dec12

Revenue	289	328	392	482	640	720	923	956	926	929	929	233	260	208	225	237
Cost of Goods Sold	91.51	80.22	76.04	74.27	67.78	64.77	132	111	92.03	97.22	97.22	20.41	23.59	21.03	26.99	25.61
Gross Profit	198	248	316	408	572	655	791	844	834	831	832	213	237	187	198	211

Selling, General, &Admin. Expense	106	135	154	179	224	225	250	287	331	353	354	78.48	80.48	83.68	88.28	102
Research &Development	23.48	30.53	35.38	44.11	62.08	66.71	105	124	140	150	150	32.83	34.24	35.12	37.96	42.44
Earnings Before DDA	76.38	95.41	142	202	312	392	464	474	406	375	375	111	131	79.21	84.22	80.16

Depreciation, Depletion and Amortization	8.52	11.35	12.86	14.81	24.81	28.73	34.94	43.99	43.88	47.08	47.08	9.93	10.17	11.09	12.69	13.13

Operating Income	67.86	84.06	130	187	287	364	429	430	362	328	328	101	121	68.13	71.53	67.03
Interest Income/Expense	-0.91	5.11	16.96	23.05	15.76	10.33	6.60	7.95	6.22	5.82	5.82	1.71	1.41	1.49	1.61	1.31
Net Income	39.84	52.29	89.55	143	199	243	283	309	264	242	242	73.16	88.12	51.53	51.49	51.35

Earnings per Share ($)	0.43	0.50	0.80	1.26	1.74	2.11	2.46	2.75	2.46	2.29	2.28	0.67	0.81	0.48	0.49	0.50
Total Shares Outstanding	92.78	104	112	114	115	115	115	113	108	106	104	109	109	107	105	104
Balance Sheet	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Dec12	Latest Q.	Dec11	Mar12	Jun12	Sep12	Dec12

Cash and cash equivalents	78.71	372	486	600	514	735	848	943	795	--	435	1,022	1,099	993	795	435
Accounts Receivable	24.43	33.24	24.92	28.17	27.65	22.98	54.26	61.82	49.21	--	56.76	54.21	57.76	46.03	49.21	56.76
Inventory	7.16	11.72	11.10	14.88	18.13	12.98	28.34	26.24	16.70	--	21.02	33.52	16.56	12.76	16.70	21.02
Other Current Assets	34.45	36.82	50.91	90.69	132	129	130	128	109	--	106	119	121	117	109	106
Total Current Assets	145	454	573	733	692	901	1,060	1,159	970	--	619	1,229	1,294	1,169	970	619

Property, Plant and Equipment	72.33	76.46	77.00	85.55	87.92	92.18	94.10	117	255	--	254	124	136	140	255	254
Intangible Assets	28.81	41.05	38.14	74.75	333	343	332	315	338	--	335	312	310	306	338	335
Other Long Term Assets	15.97	14.58	51.52	97.97	223	245	226	294	398	--	344	275	246	339	398	344
Total Assets	262	586	739	992	1,336	1,581	1,712	1,884	1,961	--	1,552	1,939	1,985	1,954	1,961	1,552

Accounts Payable	56.83	65.13	79.34	119	157	118	156	133	133	--	122	125	123	127	133	122
Current Portion of Long-Term Debt	1.29	1.35	1.44	1.56	1.59	1.62	--	--	--	--	--	--	--	--	--	--
Other Current Liabilities	6.36	6.32	12.08	22.57	42.16	37.20	9.65	26.70	23.49	--	22.66	24.41	26.72	25.10	23.49	22.66
Total Current Liabilities	64.48	72.79	92.85	143	201	157	166	159	157	--	144	150	150	152	157	144

Long-Term Debt	13.58	12.12	10.89	9.69	7.78	5.83	--	--	--	--	--	--	--	--	--	--
Other Long-Term Liabilities	40.48	40.22	41.25	41.65	78.44	77.80	72.28	61.49	83.69	--	79.71	67.38	70.82	72.15	83.69	79.71
Total Liabilities	119	125	145	195	287	240	238	221	241	--	224	217	221	225	241	224

Common Stock	0.09	0.10	0.11	0.11	0.11	0.11	0.11	0.11	0.10	--	0.10	0.11	0.11	0.11	0.10	0.10
Retained Earnings	125	177	267	410	609	852	1,136	1,445	1,709	--	1,316	1,518	1,606	1,658	1,709	1,316
Additional Paid-In Capital	48.73	308	323	376	435	479	330	211	--	--	--	197	149	64.97	--	--
Total Equity	143	461	594	797	1,049	1,341	1,474	1,664	1,720	--	1,328	1,722	1,765	1,729	1,720	1,328
Cashflow Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Dec12	TTM	Dec11	Mar12	Jun12	Sep12	Dec12

Net Income	39.84	52.29	89.55	143	199	243	283	311	265	243	243	73.37	88.32	51.41	52.05	51.48
Depreciation, Depletion and Amortization	8.52	11.35	12.86	14.81	24.81	28.73	34.94	43.99	43.88	47.08	47.08	9.93	10.17	11.09	12.69	13.13
Cash Flow from Others	-1.50	16.78	30.09	5.34	40.20	1.50	9.53	49.11	80.79	70.69	70.69	12.50	20.39	35.84	12.07	2.40
Cash Flow from Operations	46.86	80.42	133	163	264	273	327	404	390	361	361	95.79	119	98.33	76.80	67.01

Investment for Property, Plant & Equipement	-12.52	-14.73	-8.04	-15.80	-13.61	-23.57	-38.31	-47.36	-168	-166	-166	-12.57	-17.88	-20.13	-117	-10.77
Cash Flow from Acquisitions	-18.44	-4.59	--	-30.21	-253	-16.62	-5.60	-3.35	-12.52	-11.95	-11.95	-0.58	--	--	-11.95	--
Cash Flow from Investing	-30.91	-31.08	-114	-193	-271	-237	-44.36	-237	-195	-3.77	-3.77	31.60	32.81	-82.03	-177	223

Net Issuance of Stock	1.22	246	7.72	10.15	14.69	3.50	-237	-187	-255	-279	-280	-24.29	-58.34	-94.52	-77.51	-49.45
Net Issuance of Debt	-1.24	-1.29	-1.36	-1.47	-1.54	-1.52	-7.68	--	-0.52	--	-0.52	--	--	--	-0.52	--
Cash Flow for Dividends	--	--	--	--	--	--	--	--	--	--	-413	--	--	--	--	-413
Other Financing	--	--	13.85	21.85	21.75	19.54	60.21	24.47	0.85	-417	-2.37	0.06	0.37	0.52	-0.09	-3.17
Cash Flow from Financing	-0.02	245	20.20	30.52	34.90	21.52	-185	-162	-254	-696	-696	-24.23	-57.97	-94.00	-78.12	-466

Net Change in Cash	16.79	294	40.08	4.93	26.29	56.92	94.18	5.65	-58.91	-338	-338	103	93.57	-77.58	-178	-176

Free Cash Flow	34.34	65.69	124	147	251	250	289	356	222	195	195	83.23	101	78.20	-40.33	56.24
Valuation Ratios (Daily)	Annuals											Quarterly
Fiscal Period	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Dec12	Latest Q.	Dec11	Mar12	Jun12	Sep12	Dec12

PE Ratio(ttm)
Price to Tangible Book
Price-to-Free-Cash-Flow ratio
PS Ratio
EV-to-Revenue
EV-to-EBITDA
EV-to-EBIT
Earnings Yield (Joel Greenblatt)
Forward Rate of Return
Shiller PE Ratio
Valuation and Quality	Annuals											Quarterly
Fiscal Period	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Dec12	Latest Q.	Dec11	Mar12	Jun12	Sep12	Dec12

Market Cap
Enterprise Value
Month End Stock Price
Net Cash (per share)
Net Current Asset Value (per share)
DCF (per share)
Median PS (per share)
Peter Lynch Fair Value (per share)
Graham Number (per share)
Altman Z-Score
Piotroski F-Score
Beneish M-Score

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DLB Quarterly/Annuals Reports

DLB: 10-K - Dolby Laboratories, Inc. (0001308547) (Filer): (10-K) - 2012-11-15
DLB: 10-Q - Dolby Laboratories, Inc. (0001308547) (Filer): (10-Q) - 2012-08-08
DLB: 10-Q - Dolby Laboratories, Inc. (0001308547) (Filer): (10-Q) - 2012-05-08
DLB: 10-Q - Dolby Laboratories, Inc. (0001308547) (Filer): (10-Q) - 2012-02-03
DLB: 10-K/A - Dolby Laboratories, Inc. (0001308547) (Filer): (10-K/A) - 2011-11-29

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