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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt No Debt
DLB's Cash to Debt is ranked higher than
99% of the 538 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.54 vs. DLB: No Debt )
DLB' s 10-Year Cash to Debt Range
Min: 3.97   Max: No Debt
Current: No Debt

Equity to Asset 0.86
DLB's Equity to Asset is ranked higher than
97% of the 523 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.45 vs. DLB: 0.86 )
DLB' s 10-Year Equity to Asset Range
Min: 0.46   Max: 0.89
Current: 0.86

0.46
0.89
Interest Coverage No Debt
DLB's Interest Coverage is ranked higher than
90% of the 318 Companies
in the Global Media - Diversified industry.

( Industry Median: 12.70 vs. DLB: No Debt )
DLB' s 10-Year Interest Coverage Range
Min: 0.35   Max: 9999.99
Current: No Debt

0.35
9999.99
F-Score: 5
Z-Score: 10.97
M-Score: -2.24
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 27.76
DLB's Operating margin (%) is ranked higher than
96% of the 537 Companies
in the Global Media - Diversified industry.

( Industry Median: 9.93 vs. DLB: 27.76 )
DLB' s 10-Year Operating margin (%) Range
Min: 0.34   Max: 50.54
Current: 27.76

0.34
50.54
Net-margin (%) 21.07
DLB's Net-margin (%) is ranked higher than
96% of the 537 Companies
in the Global Media - Diversified industry.

( Industry Median: 6.05 vs. DLB: 21.07 )
DLB' s 10-Year Net-margin (%) Range
Min: -0.06   Max: 33.77
Current: 21.07

-0.06
33.77
ROE (%) 12.27
DLB's ROE (%) is ranked higher than
83% of the 511 Companies
in the Global Media - Diversified industry.

( Industry Median: 7.17 vs. DLB: 12.27 )
DLB' s 10-Year ROE (%) Range
Min: -0.35   Max: 66.05
Current: 12.27

-0.35
66.05
ROA (%) 10.56
DLB's ROA (%) is ranked higher than
92% of the 541 Companies
in the Global Media - Diversified industry.

( Industry Median: 3.10 vs. DLB: 10.56 )
DLB' s 10-Year ROA (%) Range
Min: -0.17   Max: 30.56
Current: 10.56

-0.17
30.56
ROC (Joel Greenblatt) (%) 84.43
DLB's ROC (Joel Greenblatt) (%) is ranked higher than
90% of the 536 Companies
in the Global Media - Diversified industry.

( Industry Median: 23.59 vs. DLB: 84.43 )
DLB' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 86.54   Max: 381.83
Current: 84.43

86.54
381.83
Revenue Growth (3Y)(%) 3.00
DLB's Revenue Growth (3Y)(%) is ranked higher than
77% of the 448 Companies
in the Global Media - Diversified industry.

( Industry Median: 2.40 vs. DLB: 3.00 )
DLB' s 10-Year Revenue Growth (3Y)(%) Range
Min: 3   Max: 28.5
Current: 3

3
28.5
EBITDA Growth (3Y)(%) -9.60
DLB's EBITDA Growth (3Y)(%) is ranked higher than
66% of the 389 Companies
in the Global Media - Diversified industry.

( Industry Median: 5.40 vs. DLB: -9.60 )
DLB' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -10.3   Max: 268.4
Current: -9.6

-10.3
268.4
EPS Growth (3Y)(%) -10.20
DLB's EPS Growth (3Y)(%) is ranked higher than
70% of the 356 Companies
in the Global Media - Diversified industry.

( Industry Median: 4.60 vs. DLB: -10.20 )
DLB' s 10-Year EPS Growth (3Y)(%) Range
Min: -10.2   Max: 83.1
Current: -10.2

-10.2
83.1
» DLB's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

DLB Guru Trades in Q4 2013

Michael Price 420,200 sh (+55.86%)
Joel Greenblatt 58,774 sh (+6.47%)
RS Investment Management 3,346,902 sh (+3.82%)
First Pacific Advisors 1,700 sh (unchged)
Arnold Van Den Berg 79,535 sh (-0.52%)
Chuck Royce 1,136,500 sh (-17.11%)
Jim Simons 236,700 sh (-70.25%)
» More
Q1 2014

DLB Guru Trades in Q1 2014

Mario Gabelli 29,000 sh (New)
Michael Price 557,300 sh (+32.63%)
First Pacific Advisors 1,700 sh (unchged)
Arnold Van Den Berg 78,660 sh (-1.1%)
RS Investment Management 3,200,752 sh (-4.37%)
Chuck Royce 937,100 sh (-17.55%)
Jim Simons 75,800 sh (-67.98%)
Joel Greenblatt 11,946 sh (-79.67%)
» More
Q2 2014

DLB Guru Trades in Q2 2014

Paul Tudor Jones 10,100 sh (New)
Joel Greenblatt 242,630 sh (+1931.06%)
Mario Gabelli 154,600 sh (+433.1%)
Jim Simons 138,000 sh (+82.06%)
Michael Price 702,500 sh (+26.05%)
Arnold Van Den Berg Sold Out
First Pacific Advisors Sold Out
RS Investment Management 2,918,837 sh (-8.81%)
Chuck Royce 715,400 sh (-23.66%)
» More
Q3 2014

DLB Guru Trades in Q3 2014

Jeremy Grantham 19,809 sh (New)
John Hussman 150,000 sh (New)
Jim Simons 310,900 sh (+125.29%)
Paul Tudor Jones 13,784 sh (+36.48%)
Chuck Royce 718,521 sh (+0.44%)
Michael Price 702,500 sh (unchged)
RS Investment Management 2,823,980 sh (-3.25%)
Mario Gabelli 146,750 sh (-5.08%)
Joel Greenblatt 188,458 sh (-22.33%)
» More
» Details

Insider Trades

Latest Guru Trades with DLB

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2014-09-30 New Buy0.54%$41.26 - $46.93 $ 39.64-11%150000
Joel Greenblatt 2014-09-30 Reduce -22.33%0.03%$41.26 - $46.93 $ 39.64-11%188458
Michael Price 2014-06-30 Add 26.05%0.76%$39.01 - $44.89 $ 39.64-5%702500
Arnold Van Den Berg 2014-06-30 Sold Out 0.29%$39.01 - $44.89 $ 39.64-5%0
Joel Greenblatt 2014-06-30 Add 1931.06%0.12%$39.01 - $44.89 $ 39.64-5%242630
Mario Gabelli 2014-06-30 Add 433.1%0.03%$39.01 - $44.89 $ 39.64-5%154600
Michael Price 2014-03-31 Add 32.63%0.74%$38.48 - $44.97 $ 39.64-5%557300
Joel Greenblatt 2014-03-31 Reduce -79.67%0.04%$38.48 - $44.97 $ 39.64-5%11946
Mario Gabelli 2014-03-31 New Buy0.01%$38.48 - $44.97 $ 39.64-5%29000
Michael Price 2013-12-31 Add 55.86%0.75%$34.63 - $38.57 $ 39.6410%420200
Michael Price 2013-09-30 New Buy1.2%$31.38 - $35.03 $ 39.6419%269600
John Hussman 2013-09-30 Sold Out 0.1%$31.38 - $35.03 $ 39.6419%0
Joel Greenblatt 2013-06-30 Reduce -76.9%0.35%$31.38 - $35.6 $ 39.6418%61055
John Hussman 2013-06-30 Reduce -75.47%0.25%$31.38 - $35.6 $ 39.6418%65000
John Hussman 2013-03-31 Reduce -33.75%0.1%$29.33 - $33.56 $ 39.6425%265000
Robert Olstein 2012-12-31 Sold Out 1.2%$28.98 - $35.37 $ 39.6422%0
Whitney Tilson 2012-12-31 Sold Out 0.7%$28.98 - $35.37 $ 39.6422%0
Joel Greenblatt 2012-12-31 Reduce -32.44%0.32%$28.98 - $35.37 $ 39.6422%301693
Arnold Van Den Berg 2012-12-31 New Buy0.28%$28.98 - $35.37 $ 39.6422%85585
Whitney Tilson 2012-09-30 New Buy0.7%$30.67 - $42.69 $ 39.6412%36901
Robert Olstein 2012-09-30 Add 65.79%0.48%$30.82 - $42.69 $ 39.6412%189000
John Hussman 2012-09-30 New Buy0.32%$30.82 - $42.69 $ 39.6412%400000
Joel Greenblatt 2012-09-30 Add 20.52%0.17%$30.82 - $42.69 $ 39.6412%446550
Robert Olstein 2012-03-31 New Buy0.77%$30.68 - $39.54 $ 39.6414%114000
Joel Greenblatt 2012-03-31 Add 12.17%0.15%$30.68 - $39.54 $ 39.6414%408288
Joel Greenblatt 2011-12-31 Add 45.77%0.41%$26.28 - $33.12 $ 39.6432%363988
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 20.30
DLB's P/E(ttm) is ranked higher than
84% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 42.90 vs. DLB: 20.30 )
DLB' s 10-Year P/E(ttm) Range
Min: 10   Max: 64.25
Current: 20.3

10
64.25
Forward P/E 17.01
DLB's Forward P/E is ranked higher than
86% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 29.59 vs. DLB: 17.01 )
N/A
PE(NRI) 20.30
DLB's PE(NRI) is ranked higher than
85% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 43.90 vs. DLB: 20.30 )
DLB' s 10-Year PE(NRI) Range
Min: 10.01   Max: 64.59
Current: 20.3

10.01
64.59
P/B 2.34
DLB's P/B is ranked higher than
74% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 3.03 vs. DLB: 2.34 )
DLB' s 10-Year P/B Range
Min: 1.81   Max: 6.96
Current: 2.34

1.81
6.96
P/S 4.28
DLB's P/S is ranked higher than
62% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 2.22 vs. DLB: 4.28 )
DLB' s 10-Year P/S Range
Min: 3.23   Max: 11.82
Current: 4.28

3.23
11.82
PFCF 27.15
DLB's PFCF is ranked higher than
80% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 56.14 vs. DLB: 27.15 )
DLB' s 10-Year PFCF Range
Min: 8.66   Max: 38.95
Current: 27.15

8.66
38.95
POCF 13.91
DLB's POCF is ranked higher than
76% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 15.97 vs. DLB: 13.91 )
DLB' s 10-Year POCF Range
Min: 7.64   Max: 35.13
Current: 13.91

7.64
35.13
EV-to-EBIT 12.81
DLB's EV-to-EBIT is ranked higher than
86% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 23.95 vs. DLB: 12.81 )
DLB' s 10-Year EV-to-EBIT Range
Min: 4.9   Max: 34.2
Current: 12.81

4.9
34.2
Shiller P/E 17.16
DLB's Shiller P/E is ranked higher than
92% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.00 vs. DLB: 17.16 )
DLB' s 10-Year Shiller P/E Range
Min: 12.77   Max: 50.16
Current: 17.16

12.77
50.16
Current Ratio 4.64
DLB's Current Ratio is ranked higher than
96% of the 529 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.42 vs. DLB: 4.64 )
DLB' s 10-Year Current Ratio Range
Min: 2.05   Max: 8.64
Current: 4.64

2.05
8.64
Quick Ratio 4.49
DLB's Quick Ratio is ranked higher than
97% of the 528 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.26 vs. DLB: 4.49 )
DLB' s 10-Year Quick Ratio Range
Min: 1.94   Max: 8.53
Current: 4.49

1.94
8.53
Days Inventory 68.32
DLB's Days Inventory is ranked higher than
70% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 39.21 vs. DLB: 68.32 )
DLB' s 10-Year Days Inventory Range
Min: 10.49   Max: 89.6
Current: 68.32

10.49
89.6
Days Sales Outstanding 44.43
DLB's Days Sales Outstanding is ranked higher than
86% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 78.74 vs. DLB: 44.43 )
DLB' s 10-Year Days Sales Outstanding Range
Min: 11.66   Max: 34.63
Current: 44.43

11.66
34.63

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.25
DLB's Dividend Yield is ranked lower than
92% of the 306 Companies
in the Global Media - Diversified industry.

( Industry Median: 2.00 vs. DLB: 0.25 )
DLB' s 10-Year Dividend Yield Range
Min: 0.22   Max: 0.25
Current: 0.25

0.22
0.25
Yield on cost (5-Year) 0.30
DLB's Yield on cost (5-Year) is ranked lower than
91% of the 316 Companies
in the Global Media - Diversified industry.

( Industry Median: 2.47 vs. DLB: 0.30 )
DLB' s 10-Year Yield on cost (5-Year) Range
Min: 0.22   Max: 0.25
Current: 0.3

0.22
0.25
Share Buyback Rate 2.70
DLB's Share Buyback Rate is ranked higher than
93% of the 382 Companies
in the Global Media - Diversified industry.

( Industry Median: -0.40 vs. DLB: 2.70 )
DLB' s 10-Year Share Buyback Rate Range
Min: 3.8   Max: -9.1
Current: 2.7

Valuation & Return

vs
industry
vs
history
Price/Net Cash 12.16
DLB's Price/Net Cash is ranked higher than
96% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.00 vs. DLB: 12.16 )
DLB' s 10-Year Price/Net Cash Range
Min: 4.12   Max: 30.47
Current: 12.16

4.12
30.47
Price/Net Current Asset Value 9.33
DLB's Price/Net Current Asset Value is ranked higher than
96% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.00 vs. DLB: 9.33 )
DLB' s 10-Year Price/Net Current Asset Value Range
Min: 3.84   Max: 23.1
Current: 9.33

3.84
23.1
Price/Tangible Book 3.09
DLB's Price/Tangible Book is ranked higher than
81% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 16.66 vs. DLB: 3.09 )
DLB' s 10-Year Price/Tangible Book Range
Min: 2.23   Max: 10.67
Current: 3.09

2.23
10.67
Price/DCF (Projected) 1.10
DLB's Price/DCF (Projected) is ranked higher than
87% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 4.36 vs. DLB: 1.10 )
DLB' s 10-Year Price/DCF (Projected) Range
Min: 0.63   Max: 1.84
Current: 1.1

0.63
1.84
Price/Median PS Value 0.74
DLB's Price/Median PS Value is ranked higher than
92% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.32 vs. DLB: 0.74 )
DLB' s 10-Year Price/Median PS Value Range
Min: 0.55   Max: 1.84
Current: 0.74

0.55
1.84
Price/Graham Number 1.65
DLB's Price/Graham Number is ranked higher than
88% of the 581 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.00 vs. DLB: 1.65 )
DLB' s 10-Year Price/Graham Number Range
Min: 0.98   Max: 4.39
Current: 1.65

0.98
4.39
Earnings Yield (Greenblatt) 7.80
DLB's Earnings Yield (Greenblatt) is ranked higher than
85% of the 533 Companies
in the Global Media - Diversified industry.

( Industry Median: 4.70 vs. DLB: 7.80 )
DLB' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.9   Max: 20.3
Current: 7.8

2.9
20.3
Forward Rate of Return (Yacktman) -1.40
DLB's Forward Rate of Return (Yacktman) is ranked higher than
65% of the 325 Companies
in the Global Media - Diversified industry.

( Industry Median: 13.24 vs. DLB: -1.40 )
DLB' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.2   Max: 47.8
Current: -1.4

-2.2
47.8

Analyst Estimate

Sep15 Sep16 Sep17
Revenue(Mil) 971 1,022 1,096
EPS($) 2.00 2.33 2.52
EPS without NRI($) 2.00 2.33 2.52

Business Description

Industry: Entertainment » Media - Diversified
Compare:VIA, NWS, VIVHY, MSG, DISCA » details
Traded in other countries:FUO.Germany,
Dolby Laboratories, Inc., was incorporated in 1965 in Delaware. The Company develops and delivers products and technologies that are used throughout the entertainment industry to produce enjoyable experience. It has introduced innovations that have improved audio entertainment, such as noise reduction for the recording and cinema industries and surround sound for cinema and home entertainment. The technologies are used in virtually all standard definition Digital Versatile Disc, or DVD, players and personal computer DVD playback software, increasingly in digital televisions, set top boxes, portable media devices and in an array of consumer electronic products such as gaming systems and audio/video receivers. Movie theaters and broadcasters around the world use Dolby's products. It focuses on developing solutions for use throughout the entertainment industry, including content creation, distribution and playback. It offers products and services for content creators, such as studios and broadcasters, to encode content in Dolby's formats. It licenses technology to consumer electronics manufacturers and software vendors. It also licenses decoding technologies to manufacturers of consumer electronics products including manufacturers of DVD players, Blu-ray players, DVD recorders, personal computers, digital televisions, mobile devices, video game consoles, set top boxes, home-theaters-in-a-box, portable media devices, audio/video receivers, in-car entertainment systems and other consumer electronics products. The Company's technologies includes Dolby Digital, Dolby Digital Surround EX, Dolby Digital Plus, Advanced Audio Coding (AAC), HE-AAC, Dolby Pulse, Dolby TrueHD, Dolby E, Dolby Digital Live, Dolby Pro Logic II, Dolby Pro Logic IIz, Dolby Virtual Speaker, Dolby Headphone, Dolby Mobile, Dolby Axon, PC Entertainment Experience or PCEE, Dolby Digital Stereo Creator, Dolby Digital 5.1 Creator, Dolby Digital 5.1 Creator, Dolby Volume, Dolby Contrast, Dolby Vision and Analog Signal Processing Technologies. The Company's product includes Traditional Cinema Processors, Digital Cinema Products, Digital 3D Products, Digital Media Adapters and Broadcast Products. It licenses technologies to media software vendors, such as operating system vendors and independent software vendors, and integrated circuit manufacturers. Licenses also include manufacturers of home audio and video products, set top boxes, video game consoles, mobile devices, in-car entertainment systems and PC manufacturers. It has customers in a range of entertainment industries and sells professional products either directly to the end user customer or, more commonly, through dealers and distributors. Users of professional products and services include movie studios, cinema operators, film distributors, broadcasters and video game designers. Its competitors include DivX, DTS, Doremi, EVS, Sony, Panastereo, Qube, QuVis, and REAL D. The Company's word trademarks include Dolby, Do
» More Articles for DLB

Headlines

Articles On GuruFocus.com
Mario Gabelli Reports his Top Increase of the Second Quarter Aug 07 2014 
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great fundamentals, Jan 18 2013 


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