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    Insight
    published
    2025-12-30

    DLB report

    Stock Analysis Template

    Company Information

    • Name: Dolby
    • Ticker: DLB
    • Sector: Technology
    • Market Cap: [Market Cap]

    1. Financial Health Check

    • Revenue: [Revenue]
    • Net Income: [Net Income]
    • Net Margin: [Net Margin]
    • Revenue Growth (3yr CAGR): [Revenue Growth (3yr CAGR)]
    • ROE (Return on Equity): [ROE (Return on Equity)]
    • ROIC (Return on Invested Capital): [ROIC (Return on Invested Capital)]
    • Debt/Equity: [Debt/Equity]
    • Free Cash Flow Yield: [Free Cash Flow Yield]
    • Free Cash Flow Trend: [Free Cash Flow Trend]

    2. Financial Trends

    3. Historical Data

    YearRevenueNet IncomeGross ProfitOp. Cash Flow

    4. Competitive Advantage (Moat)

    • Type of Moat: Intangible Assets
    • Strength: Wide
    • Description: Dolby's primary moat is its extensive portfolio of patents for audio and imaging technologies. The company's brand is also a significant asset, as it is synonymous with high-quality audio.

    5. Management Quality

    • CEO: Kevin Yeaman
    • Capital Allocation History: [Track record of M&A, buybacks vs. dividends, reinvestment rates]
    • Incentive Alignment: [How is management compensated? Stock options, performance targets?]
    • Insider Ownership: [High/Low - Specific %]

    6. Growth Prospects

    • Total Addressable Market (TAM): [Size and Growth Rate]
    • Market Share: [Current share and potential to gain]
    • New Products/Services: [Pipeline]

    7. Scuttlebutt & Soft Data

    • Customer Reviews: [Trends in customer satisfaction]
    • Employee Feedback: [Glassdoor ratings, turnover]
    • Channel Checks: [Insights from suppliers or distributors]

    8. Valuation

    • P/E Ratio: [Current vs. Historical vs. Peers]
    • EV/EBITDA: [Current vs. Historical vs. Peers]
    • DCF Fair Value: [Estimate]

    9. Risks

    • [Risk 1]: The expiration of key patents could erode Dolby's competitive advantage.
    • [Risk 2]: The rise of open-source and royalty-free audio and imaging technologies could reduce demand for Dolby's products.
    • [Risk 3]: The company is dependent on a small number of large customers for a significant portion of its revenue.

    10. Checklist

    • Do I understand the business model?
    • Is the balance sheet healthy?
    • Is management aligned with shareholders?
    • Is the valuation reasonable?
    • Is there a clear catalyst?