Dropbox Trading forecasts and signals

Dropbox (DBX) shares are trading 25% below their 2021 highs. After several years of oblivion, investors again turned their attention to the papers of the file hosting company, which also actively developed its remote workspace services. However, at the end of the previous year, DBX could not resist the general correction of the technology sector. However, from a fundamental point of view, there is no reason to worry about the future of the company, which means that patient buyers can expect a decent reward in 2022.Among the "bullish" factors, it is worth noting the dynamics of FCF margin, which increased by 11 points to 34% compared to the previous year, which is an extremely serious achievement. Management plans to increase the size of the annual FCF to $1 billion by 2024, and at this rate, this goal may well be achieved.Unlike competitors, Dropbox relies mainly on freelancers and small firms, and not on large companies, which allows the platform to successfully earn on the global trend of people leaving the status of self-employed. The development of the DocSend (digital signature) product strengthens Dropbox's position in the market and opens up excellent cross-selling opportunities.The value of the company (enterprise value) is $9.1 billion, next year revenue is expected to be $2.36 billion, which means the forward EV/S ratio is 3.7. This is a fairly low value for a representative of the technology sector, even if the revenue growth rate corresponds to a cost, not a growing company (+13% ...