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 12,238 - -
Change - -51.01% 1.88% 57.31% -46.15% 16.3% - -
Enterprise Value (EV) 1 24,803 11,698 11,255 18,444 9,656 10,862 9,849 9,281
Change - -52.83% -3.79% 63.87% -47.65% 12.49% -9.32% -5.77%
P/E -349x -124x 169x 19x 35.5x 36x 28x 23.6x
PBR 90.8x 19.7x 11.3x 10.2x 5.73x 5.21x 3.6x 3.01x
PEG - -3.4x -1x 0x -0.5x 1.8x 1x 1.3x
Capitalization / Revenue 11.8x 4.85x 4.5x 6.56x 3.27x 3.5x 3.25x 3.06x
EV / Revenue 11.8x 4.65x 4.08x 6.2x 3x 3.11x 2.62x 2.32x
EV / EBITDA 52.1x 20.1x 14.3x 19x 9.04x 8.54x 7.6x 6.63x
EV / EBIT 59.2x 22.6x 15.8x 20.8x 9.98x 10.1x 8.37x 7.1x
EV / FCF 55.7x 27.3x 12.7x 20x 9.12x 9.57x 7.97x 6.87x
FCF Yield 1.79% 3.67% 7.88% 4.99% 11% 10.5% 12.5% 14.6%
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 1,177 1,308
Net income 1 -69.98 -97.45 73.98 1,068 309.1 348.1 433.9 540.7
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 64.09 64.09 64.09
Nbr of stocks (in thousands) 1,97,877 2,01,074 2,03,916 2,02,023 2,00,273 1,90,945 - -
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.($)
24.42x6.52x11.64x1.31% 45TCr
24.89x4.98x15.67x1.53% 23TCr
82.37x8.01x21.44x-.--% 13TCr
38.88x3.64x13.37x0.17% 4.81TCr
-24.88x80.7x696.68x-.--% 3.73TCr
29.42x11.51x18.8x-.--% 2.4TCr
37.2x2.46x22.37x-.--% 2.04TCr
104.82x10.03x40.8x-.--% 1.52TCr
-1488.75x3.68x12.32x - 1.34TCr
Average -130.18x 14.61x 94.79x 0.38% 10.82TCr
Weighted average by Cap. 11.98x 9.10x 41.14x 0.99%

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