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 11,846 - -
Change - -51.01% 1.88% 57.31% -46.15% 12.58% - -
Enterprise Value (EV) 1 24,803 11,698 11,255 18,444 9,656 10,471 9,458 8,890
Change - -52.83% -3.79% 63.87% -47.65% 8.44% -9.67% -6.01%
P/E -349x -124x 169x 19x 35.5x 34.9x 27.1x 22.8x
PBR 90.8x 19.7x 11.3x 10.2x 5.73x 5.04x 3.48x 2.91x
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 3.39x 3.15x 2.96x
EV / Revenue 11.8x 4.65x 4.08x 6.2x 3x 3x 2.51x 2.22x
EV / EBITDA 52.1x 20.1x 14.3x 19x 9.04x 8.23x 7.3x 6.35x
EV / EBIT 59.2x 22.6x 15.8x 20.8x 9.98x 9.72x 8.03x 6.8x
EV / FCF 55.7x 27.3x 12.7x 20x 9.12x 9.22x 7.66x 6.58x
FCF Yield 1.79% 3.67% 7.88% 4.99% 11% 10.8% 13.1% 15.2%
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 62.04 62.04 62.04
Nbr of stocks (in thousands) 197,877 201,074 203,916 202,023 200,273 190,945 - -
Announcement Date 3/10/22 A 3/9/23 A 3/7/24 A 3/13/25 A 3/17/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.53x6.33x11.31x1.36% 434B
25.57x5.11x16.1x1.49% 241B
80.27x7.8x20.88x-.--% 128B
38.15x3.57x13.13x0.18% 47.18B
-23.84x77.57x669.69x-.--% 35.75B
28.76x11.3x18.45x-.--% 23.45B
36.7x2.42x22.03x-.--% 20.09B
100.79x9.63x39.18x-.--% 14.62B
-619.89x3.68x12.32x - 13.43B
Average -34.44x 14.16x 91.46x 0.38% 106.33B
Weighted average by Cap. 23.15x 8.80x 39.32x 1.01%

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