As you can see, even higher tiered plans are modestly priced in relation to the value they provide. Contrary to what most people think, Dropbox derives 80% of its revenue from business users rather than individuals. Dropbox went public in March of 2018 and is currently priced slightly below its initial offering of $21/share.ĭropbox offers both individual and team plans with different pricing tiers for each. They have since evolved into facilitating sharing and collaboration between business teams and individuals while also expanding their storage offerings. When Dropbox was founded in 2007 they strictly focused on enabling users to store files on the cloud. Attractive upside exists if the company can come anywhere close to hitting their 5-year performance targets. Up only 5% this year and trading for around 15x normalized free cash flow, the company looks undervalued. Unlike other cloud players, the stock has seemingly been left out of the “work from home” rally over the past six months. Led by owner-operator Drew Houston, Dropbox is at an interesting inflection point in its growth story. As most people know, Dropbox is a cloud storage and smart workplace solution built on the premise that everyone should be able to access their important files from anywhere on any device.
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