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 10,103 - -
Change - -51.01% 1.88% 57.31% -46.15% -3.99% - -
Enterprise Value (EV) 1 24,803 11,698 11,255 18,444 9,656 8,727 7,715 7,146
Change - -52.83% -3.79% 63.87% -47.65% -9.62% -11.6% -7.37%
P/E -349x -124x 169x 19x 35.5x 29.7x 23.1x 19.5x
PBR 90.8x 19.7x 11.3x 10.2x 5.73x 4.3x 2.97x 2.48x
PEG - -3.4x -1x 0x -0.5x 1.5x 0.8x 1x
Capitalization / Revenue 11.8x 4.85x 4.5x 6.56x 3.27x 2.89x 2.69x 2.53x
EV / Revenue 11.8x 4.65x 4.08x 6.2x 3x 2.5x 2.05x 1.79x
EV / EBITDA 52.1x 20.1x 14.3x 19x 9.04x 6.8x 5.97x 5.11x
EV / EBIT 59.2x 22.6x 15.8x 20.8x 9.98x 8.1x 6.56x 5.46x
EV / FCF 55.7x 27.3x 12.7x 20x 9.12x 7.7x 6.26x 5.38x
FCF Yield 1.79% 3.67% 7.88% 4.99% 11% 13% 16% 18.6%
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 3,758 3,990
EBITDA 1 476.2 582.4 787.1 969.1 1,068 1,284 1,293 1,400
EBIT 1 419.1 516.8 711.4 886 967.9 1,078 1,176 1,308
Net income 1 -69.98 -97.45 73.98 1,068 309.1 351.3 433.4 540.7
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 52.91 52.91 52.91
Nbr of stocks (in thousands) 197,877 201,074 203,916 202,023 200,273 190,945 - -
Announcement Date 3/10/22 3/9/23 3/7/24 3/13/25 3/17/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.87x5.2x9.29x1.78% 331B
19.89x3.97x12.5x1.95% 184B
63.84x6.24x16.72x-.--% 102B
31.78x3.04x11x0.21% 40.14B
12.41x77.63x662.03x-.--% 32.92B
32.5x12.7x20.65x-.--% 28.7B
32.76x1.99x18.17x-.--% 16.83B
23.43x3.38x11.37x - 12.33B
79.02x7.48x32.09x-.--% 11.51B
Average 34.83x 13.52x 88.20x 0.49% 84.45B
Weighted average by Cap. 26.93x 8.28x 40.44x 1.28%

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