Company Valuation: DocuSign, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 24,887 12,193 12,423 19,542 10,522 11,422 - -
Change - -51.01% 1.88% 57.31% -46.15% 8.55% - -
Enterprise Value (EV) 1 24,803 11,698 11,255 18,444 9,656 10,047 9,034 8,466
Change - -52.83% -3.79% 63.87% -47.65% 4.05% -10.08% -6.29%
P/E -349x -124x 169x 19x 35.5x 33.6x 26.1x 22x
PBR 90.8x 19.7x 11.3x 10.2x 5.73x 4.86x 3.36x 2.81x
PEG - -3.4x -1x 0x -0.5x 1.7x 0.9x 1.2x
Capitalization / Revenue 11.8x 4.85x 4.5x 6.56x 3.27x 3.27x 3.04x 2.85x
EV / Revenue 11.8x 4.65x 4.08x 6.2x 3x 2.87x 2.4x 2.11x
EV / EBITDA 52.1x 20.1x 14.3x 19x 9.04x 7.9x 6.97x 6.05x
EV / EBIT 59.2x 22.6x 15.8x 20.8x 9.98x 9.33x 7.67x 6.47x
EV / FCF 55.7x 27.3x 12.7x 20x 9.12x 8.94x 7.36x 6.06x
FCF Yield 1.79% 3.67% 7.88% 4.99% 11% 11.2% 13.6% 16.5%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.36 -0.49 0.36 5.08 1.48 1.78 2.289 2.717
Distribution rate - - - - - - - -
Net sales 1 2,107 2,516 2,762 2,977 3,220 3,496 3,761 4,005
EBITDA 1 476.2 582.4 787.1 969.1 1,068 1,272 1,296 1,400
EBIT 1 419.1 516.8 711.4 886 967.9 1,077 1,178 1,308
Net income 1 -69.98 -97.45 73.98 1,068 309.1 347.2 421.2 540.7
Net Debt 1 -84.34 -494.8 -1,167 -1,098 -866.5 -1,376 -2,388 -2,957
Reference price 2 125.77 60.64 60.92 96.73 52.54 59.82 59.82 59.82
Nbr of stocks (in thousands) 197,877 201,074 203,916 202,023 200,273 190,945 - -
Announcement Date 10/03/22 09/03/23 07/03/24 13/03/25 17/03/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.93x6.21x11.09x1.39% 422B
25.49x5.1x16.05x1.49% 240B
76.19x7.4x19.81x-.--% 122B
36.95x3.47x12.73x0.18% 45.7B
-218.82x81.28x700.54x-.--% 37.53B
28.2x11.12x18.16x-.--% 22.99B
36.25x2.39x21.73x-.--% 19.84B
98.72x9.44x38.35x-.--% 14.32B
-599.33x3.57x11.94x - 12.99B
Average -54.83x 14.44x 94.49x 0.38% 104.17B
Weighted average by Cap. 14.45x 9.00x 42.00x 1.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield