DOCU Valuation

DocuSign Inc

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71.450

+0.55(0.776%)1D

Overview
Forecast
Valuation
Earnings

DOCU Relative Valuation

DOCU's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, DOCU is overvalued; if below, it's undervalued.

Historical Valuation

DocuSign Inc (DOCU) is now in the Fair zone, suggesting that its current forward PS ratio of 4.47 is considered Fairly compared with the five-year average of 62.92. The fair price of DocuSign Inc (DOCU) is between 40.57 to 247.18 according to relative valuation methord.

Relative Value

Fair Zone

40.57-247.18

Current Price：70.90

Fair

19.72

Trailing

Forward

12.51

EV/EBITDA

DocuSign Inc. (DOCU) has a current EV/EBITDA of 12.51. The 5-year average EV/EBITDA is 46.01. The thresholds are as follows: Strongly Undervalued below -52.05, Undervalued between -52.05 and -3.02, Fairly Valued between 95.04 and -3.02, Overvalued between 95.04 and 144.08, and Strongly Overvalued above 144.08. The current Forward EV/EBITDA of 12.51 falls within the Historic Trend Line -Fairly Valued range.

14.85

EV/EBIT

DocuSign Inc. (DOCU) has a current EV/EBIT of 14.85. The 5-year average EV/EBIT is 58.89. The thresholds are as follows: Strongly Undervalued below -84.90, Undervalued between -84.90 and -13.00, Fairly Valued between 130.79 and -13.00, Overvalued between 130.79 and 202.68, and Strongly Overvalued above 202.68. The current Forward EV/EBIT of 14.85 falls within the Historic Trend Line -Fairly Valued range.

4.47

DocuSign Inc. (DOCU) has a current PS of 4.47. The 5-year average PS is 9.61. The thresholds are as follows: Strongly Undervalued below -6.65, Undervalued between -6.65 and 1.48, Fairly Valued between 17.74 and 1.48, Overvalued between 17.74 and 25.88, and Strongly Overvalued above 25.88. The current Forward PS of 4.47 falls within the Historic Trend Line -Fairly Valued range.

13.38

P/OCF

DocuSign Inc. (DOCU) has a current P/OCF of 13.38. The 5-year average P/OCF is 43.36. The thresholds are as follows: Strongly Undervalued below -42.98, Undervalued between -42.98 and 0.19, Fairly Valued between 86.53 and 0.19, Overvalued between 86.53 and 129.71, and Strongly Overvalued above 129.71. The current Forward P/OCF of 13.38 falls within the Historic Trend Line -Fairly Valued range.

14.80

P/FCF

DocuSign Inc. (DOCU) has a current P/FCF of 14.80. The 5-year average P/FCF is 54.68. The thresholds are as follows: Strongly Undervalued below -65.44, Undervalued between -65.44 and -5.38, Fairly Valued between 114.74 and -5.38, Overvalued between 114.74 and 174.80, and Strongly Overvalued above 174.80. The current Forward P/FCF of 14.80 falls within the Historic Trend Line -Fairly Valued range.

DocuSign Inc (DOCU) has a current Price-to-Book (P/B) ratio of 7.11. Compared to its 3-year average P/B ratio of 12.69 , the current P/B ratio is approximately -43.96% higher. Relative to its 5-year average P/B ratio of 59.74, the current P/B ratio is about -88.10% higher. DocuSign Inc (DOCU) has a Forward Free Cash Flow (FCF) yield of approximately 6.39%. Compared to its 3-year average FCF yield of 5.78%, the current FCF yield is approximately 10.65% lower. Relative to its 5-year average FCF yield of 3.96% , the current FCF yield is about 61.67% lower.

7.11

P/B

Median3y

12.69

Median5y

59.74

6.39

FCF Yield

Median3y

5.78

Median5y

3.96

Competitors Valuation Multiple

The average P/S ratio for DOCU's competitors is 8.06, providing a benchmark for relative valuation. DocuSign Inc Corp (DOCU) exhibits a P/S ratio of 4.47, which is -44.54% above the industry average. Given its robust revenue growth of 7.61%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Manhattan Associates Inc

Performance Decomposition

Market capitalization of DOCU increased by 19.74% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 4.76 to 9.44.

The secondary factor is the Revenue Growth, contributed 7.61%to the performance.

Overall, the performance of DOCU in the past 1 year is driven by Margin Expansion. Which is more sustainable.

7.61%

709.64M → 763.65M

Revenue Growth

98.32%

4.76 → 9.44

Margin Expansion

-86.19%

97.86 → 13.51

P/E Change

19.74%