WallStSmart

Dropbox Inc (DBX)vsFortinet Inc (FTNT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 181% more annual revenue ($7.11B vs $2.53B). FTNT leads profitability with a 27.5% profit margin vs 18.7%. FTNT appears more attractively valued with a PEG of 3.37. FTNT earns a higher WallStSmart Score of 67/100 (B-).

DBX

Hold

50

out of 100

Grade: D+

Growth: 3.3Profit: 8.5Value: 5.3Quality: 5.5
Piotroski: 5/9Altman Z: -0.43

FTNT

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 9.5Value: 4.7Quality: 5.5
Piotroski: 5/9Altman Z: 1.50
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

DBXUndervalued (+13.9%)

Margin of Safety

+13.9%

Fair Value

$28.36

Current Price

$27.52

$0.84 discount

UndervaluedFair: $28.36Overvalued
FTNTUndervalued (+45.3%)

Margin of Safety

+45.3%

Fair Value

$264.55

Current Price

$148.00

$116.55 discount

UndervaluedFair: $264.55Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

DBX3 strengths · Avg: 8.7/10
Debt/EquityHealth
-1.9910/10

Conservative balance sheet, low leverage

P/E RatioValuation
14.8x8/10

Attractively priced relative to earnings

Operating MarginProfitability
27.5%8/10

Strong operational efficiency at 27.5%

FTNT6 strengths · Avg: 9.0/10
Return on EquityProfitability
197.5%10/10

Every $100 of equity generates 197 in profit

Operating MarginProfitability
31.3%10/10

Strong operational efficiency at 31.3%

Market CapQuality
$109.52B9/10

Large-cap with strong market position

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

Revenue GrowthGrowth
20.1%8/10

Revenue surging 20.1% year-over-year

EPS GrowthGrowth
28.6%8/10

Earnings expanding 28.6% YoY

Areas to Watch

DBX4 concerns · Avg: 2.5/10
Revenue GrowthGrowth
0.8%4/10

0.8% revenue growth

PEG RatioValuation
12.902/10

Expensive relative to growth rate

EPS GrowthGrowth
-5.9%2/10

Earnings declined 5.9%

Altman Z-ScoreHealth
-0.432/10

Distress zone — elevated risk

FTNT4 concerns · Avg: 2.5/10
Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

PEG RatioValuation
3.372/10

Expensive relative to growth rate

P/E RatioValuation
57.7x2/10

Premium valuation, high expectations priced in

Price/BookValuation
109.6x2/10

Trading at 109.6x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : DBX

The strongest argument for DBX centers on Debt/Equity, P/E Ratio, Operating Margin. Profitability is solid with margins at 18.7% and operating margin at 27.5%.

Bull Case : FTNT

The strongest argument for FTNT centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 27.5% and operating margin at 31.3%. Revenue growth of 20.1% demonstrates continued momentum.

Bear Case : DBX

The primary concerns for DBX are Revenue Growth, PEG Ratio, EPS Growth.

Bear Case : FTNT

The primary concerns for FTNT are Altman Z-Score, PEG Ratio, P/E Ratio. A P/E of 57.7x leaves little room for execution misses.

Key Dynamics to Monitor

DBX profiles as a value stock while FTNT is a growth play — different risk/reward profiles.

FTNT carries more volatility with a beta of 1.11 — expect wider price swings.

FTNT is growing revenue faster at 20.1% — sustainability is the question.

FTNT generates stronger free cash flow (1.0B), providing more financial flexibility.

Bottom Line

FTNT scores higher overall (67/100 vs 50/100), backed by strong 27.5% margins and 20.1% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Dropbox Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Dropbox, Inc. provides a worldwide collaboration platform. The company is headquartered in San Francisco, California.

Fortinet Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.

Want to dig deeper into these stocks?