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34.81 (1y: -21%)
Market Cap 3.54 B P/E(ttm) 15.30
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%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$34.81
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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
68% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 11.91 vs. DLB: No Debt )
DLB' s 10-Year Cash to Debt Range
Min: 3.97   Max: No Debt
Current: No Debt
Interest Coverage No Debt
DLB's Interest Coverage is ranked higher than
62% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 38.95 vs. DLB: No Debt )
DLB' s 10-Year Interest Coverage Range
Min: 1   Max: No Debt
Current: No Debt
F-Score: 5
Z-Score: 12.24
M-Score: -2.54
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 (%) 35.30
DLB's Operating margin (%) is ranked higher than
95% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 6.85 vs. DLB: 35.30 )
DLB' s 10-Year Operating margin (%) Range
Min: 0.3   Max: 50.5
Current: 35.3
0.3
50.5
Net-margin (%) 26.1
DLB's Net-margin (%) is ranked higher than
93% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 4.40 vs. DLB: 26.1 )
DLB' s 10-Year Net-margin (%) Range
Min: -0.1   Max: 33.8
Current: 26.1
-0.1
33.8
Revenue Growth (%) 2.3
DLB's Revenue Growth (%) is ranked higher than
92% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: -1.00 vs. DLB: 2.3 )
DLB' s 10-Year Revenue Growth (%) Range
Min: 2.3   Max: 20.7
Current: 2.3
2.3
20.7
EBITDA Growth (%) -3.2
DLB's EBITDA Growth (%) is ranked higher than
85% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 3.55 vs. DLB: -3.2 )
DLB' s 10-Year EBITDA Growth (%) Range
Min: -3.2   Max: 209.7
Current: -3.2
-3.2
209.7
EPS Growth (%) -1.8
DLB's EPS Growth (%) is ranked higher than
86% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: -4.45 vs. DLB: -1.8 )
DLB' s 10-Year EPS Growth (%) Range
Min: -1.8   Max: 57.4
Current: -1.8
-1.8
57.4
» DLB's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

DLB Guru Trades in Q2 2012

Steven Cohen 29,809 sh (+83.27%)
Jim Simons 1,932,800 sh (+13.22%)
Robert Olstein 114,000 sh (unchged)
Chuck Royce 1,498,400 sh (-6.16%)
Joel Greenblatt 370,510 sh (-9.25%)
First Pacific Advisors 2,300 sh (-99.2%)
» More
Q3 2012

DLB Guru Trades in Q3 2012

Whitney Tilson 36,901 sh (New)
Paul Tudor Jones 17,500 sh (New)
Zeke Ashton 60,000 sh (New)
John Hussman 400,000 sh (New)
Robert Olstein 189,000 sh (+65.79%)
Joel Greenblatt 446,550 sh (+20.52%)
Chuck Royce 1,654,500 sh (+10.42%)
Jim Simons 2,063,142 sh (+6.74%)
First Pacific Advisors 2,300 sh (unchged)
Steven Cohen 24,783 sh (-16.86%)
» More
Q4 2012

DLB Guru Trades in Q4 2012

Arnold Van Den Berg 85,585 sh (New)
Paul Tudor Jones 22,000 sh (+25.71%)
Chuck Royce 1,764,000 sh (+6.62%)
John Hussman 400,000 sh (unchged)
First Pacific Advisors 2,300 sh (unchged)
Robert Olstein Sold Out
Whitney Tilson Sold Out
Zeke Ashton Sold Out
Jim Simons 1,912,400 sh (-7.31%)
Joel Greenblatt 301,693 sh (-32.44%)
Steven Cohen 6,983 sh (-71.82%)
» More
Q1 2013

DLB Guru Trades in Q1 2013

RS Investment Management 1,313,340 sh (New)
Chuck Royce 1,775,200 sh (+0.63%)
First Pacific Advisors 2,300 sh (unchged)
Steven Cohen Sold Out
Paul Tudor Jones Sold Out
Arnold Van Den Berg 85,215 sh (-0.43%)
Joel Greenblatt 264,287 sh (-12.4%)
Jim Simons 1,450,500 sh (-24.15%)
John Hussman 265,000 sh (-33.75%)
» More
» Details

Insider Trades

Latest Guru Trades with DLB

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2013-03-31 Reduce -33.75%0.1%$29.33 - $33.56 $ 34.8110%265000
Joel Greenblatt 2012-12-31 Reduce -32.44%0.32%$28.98 - $35.37 $ 34.818%301693
Arnold Van Den Berg 2012-12-31 New Buy0.28%$28.98 - $35.37 $ 34.818%85585
John Hussman 2012-09-30 New Buy0.32%$30.82 - $42.69 $ 34.81-2%400000
Joel Greenblatt 2012-09-30 Add 20.52%0.17%$30.82 - $42.69 $ 34.81-2%446550
Joel Greenblatt 2012-03-31 Add 12.17%0.15%$30.68 - $39.54 $ 34.810%408288
Joel Greenblatt 2011-12-31 Add 45.77%0.41%$26.28 - $33.12 $ 34.8116%363988
Joel Greenblatt 2011-09-30 Add 376.5%0.88%$27.64 - $44.86 $ 34.81-2%249697
Joel Greenblatt 2011-06-30 Add 62.58%0.12%$41.84 - $51.04 $ 34.81-26%52402
Joel Greenblatt 2011-03-31 New Buy0.48%$47.55 - $67.64 $ 34.81-38%32231
Ron Baron 2010-06-30 Sold Out 0.01%$58.39 - $69.37 $ 34.81-46%0
Ron Baron 2010-03-31 New Buy0.01%$47.63 - $59.36 $ 34.81-35%35000
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Dolby Laboratories, Inc.

Century’s Arnold Van Den Berg Updates Q4 Portfolio, His Biggest Buys
January 9, 2013
Arnold Van Den Berg - Century’s Arnold Van Den Berg Updates Q4 Portfolio, His Biggest Buys
Austin-based value investor and founder of Century Management Arnold Van Den Berg has reported his fourth quarter portfolio, revealing that his trades included five new buys: Cohu Inc. (COHU), Dolby Laboratories Inc. (DLB), Nationstar Mortgage Holdings (NSM), Alcoa Inc. (AA), and Halliburton Company (HAL). Van Den Berg and his team manage a $908.3 million equity portfolio of 63 stocks. In the fourth quarter, the majority 33.5% was invested in the technology sector, followed by 11% in the financial services sector, and the rest was split among other industries. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 15.30
DLB's P/E(ttm) is ranked higher than
83% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 20.34 vs. DLB: 15.30 )
DLB' s 10-Year P/E(ttm) Range
Min: 10   Max: 66.39
Current: 15.3
10
66.39
P/S 4.00
DLB's P/S is ranked lower than
83% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.24 vs. DLB: 4.00 )
DLB' s 10-Year P/S Range
Min: 3.23   Max: 11.82
Current: 4
3.23
11.82
PFCF 19.30
DLB's PFCF is ranked higher than
57% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 15.50 vs. DLB: 19.30 )
DLB' s 10-Year PFCF Range
Min: 8.66   Max: 38.95
Current: 19.3
8.66
38.95
EV-to-EBIT 9.3
DLB's EV-to-EBIT is ranked higher than
96% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 15.20 vs. DLB: 9.3 )
DLB' s 10-Year EV-to-EBIT Range
Min: 4.9   Max: 33.9
Current: 9.3
4.9
33.9
PEG 152.9
DLB's PEG is ranked higher than
94% of the 54 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.12 vs. DLB: 152.9 )
DLB' s 10-Year PEG Range
Min: 0.34   Max: 152.9
Current: 152.9
0.34
152.9
Shiller P/E 15.5
DLB's Shiller P/E is ranked higher than
85% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 13.50 vs. DLB: 15.5 )
DLB' s 10-Year Shiller P/E Range
Min: 12.82   Max: 50.53
Current: 15.5
12.82
50.53

Valuation & Return

vs
industry		 vs
history
Price/DCF (Projected) 0.8
DLB's Price/DCF (Projected) is ranked higher than
83% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.90 vs. DLB: 0.8 )
DLB' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 1.7
Current: 0.8
0.6
1.7
Price/Median PS Value 0.6
DLB's Price/Median PS Value is ranked higher than
62% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 0.90 vs. DLB: 0.6 )
DLB' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.3
Current: 0.6
0.5
1.3
Price/Peter Lynch Fair Value 1.5
DLB's Price/Peter Lynch Fair Value is ranked higher than
95% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 1.50 vs. DLB: 1.5 )
DLB' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.4   Max: 1.3
Current: 1.5
0.4
1.3
Earnings Yield (Greenblatt) 10.80
DLB's Earnings Yield (Greenblatt) is ranked higher than
95% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 7.40 vs. DLB: 10.80 )
DLB' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3   Max: 20.5
Current: 10.8
3
20.5
Forward Rate of Return (Yacktman) 16.05
DLB's Forward Rate of Return (Yacktman) is ranked higher than
95% of the 169 Companies
in the Global Media - Diversified industry.

( Industry Median: 4.47 vs. DLB: 16.05 )
DLB' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 17.2   Max: 44.8
Current: 16.05
17.2
44.8

Business Description

Dolby Laboratories, Inc. develops and delivers innovative products and technologies that are used throughout the entertainment industry to produce a more immersive and 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 theatres 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. A global organization that generates revenue by licensing technologies to manufacturers of consumer electronics products and media software vendors and by selling professional products and related services to entertainment content creators, producers and distributors. 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
Company Website
SEC Reports
Industry: Media - Diversified
Compare:VIA, NWS, VIVHY, MSG, DISCA
Traded in other countries:FUO.Germany
» More Articles for DLB

Headlines

Articles On GuruFocus.com
Dolby Can Go Up 21% by Playing the Right Cards May 08 2013 
Motiwala Capital - Q4 2012 Letter to Investors Feb 01 2013 
Century’s Arnold Van Den Berg Releases Q4 Portfolio Updates, Biggest Buys Jan 09 2013 
What Is the Best Way to Learn Accounting? Dec 12 2012 
Absolute Value: LNKD vs DLB Aug 09 2012 
CRAP Stocks Bring Investment Success Apr 04 2012 
Mix of Top Picks of Halvorsen, Greenblatt, Tepper, Chou and Kovner Jan 06 2012 
Dolby Laboratories: A Undervalued Tech Licensor with Amazing 10-Year Historical Performance Dec 30 2011 
Joel Greenblatt Top Buys Nov 30 2011 
Value Idea Contest Results Announcement Apr 12 2012 

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