DOCU Stock Analysis: DocuSign | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 8.633m USD | 12M Return: -43% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 232M
EPS Trend: 97.2%
Qual. Beats: 5
Rev. Trend: 100.0%
Qual. Beats: 8
Warnings
Tailwinds
Seasonality 8.2 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
DocuSign, Inc. is a provider of electronic signature solutions serving customers in the United States and internationally. The companys core offering centers on an AI-powered Intelligent Agreement Management (IAM) platform that supports the full agreement lifecycle, including eSignature, Contract Lifecycle Management (CLM), and Document Generation. Beyond these core products, DocuSign provides a range of supplementary tools such as signer identification, standards-based digital certificates, analytics-based monitoring, remote online notarization, and web forms. It also offers tailored solutions for specific verticals, including real estate brokers, U.S. federal government agencies through FedRAMP authorization, and life sciences customers with compliance-focused modules. Products are distributed via direct sales, partner-assisted channels, and digital self-service purchasing.
DocuSign operates as a subscription-based software (SaaS) company within the Application Software sub-industry of the Information Technology sector, serving both enterprise and individual users. Founded in 2003 and headquartered in San Francisco, California, the company has been publicly traded on NASDAQ since its 2018 IPO.
- Subscription revenue growth and net retention rate trends
- Intelligent Agreement Management adoption lifts average contract value
- Adobe Sign competition pressures e-signature market share
| Net Income: 315.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.28 > 0.02 and ΔFCF/TA 4.91 > 1.0 |
| NWC/Revenue: -19.26% < 20% (prev -12.02%; Δ -7.24% < -1%) |
| CFO/TA 0.31 > 3% & CFO 1.24b > Net Income 315.2m |
| Net Debt (-630.8m) to EBITDA (648.9m): -0.97 < 3 |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (196.5m) vs 12m ago -7.67% < -2% |
| Gross Margin: 79.40% > 18% (prev 79.23%; Δ 0.17% > 0.5%) |
| Asset Turnover: 82.86% > 50% (prev 76.78%; Δ 6.08% > 0%) |
| Interest Coverage Ratio: 150.4 > 6 (EBIT TTM 393.9m / Interest Expense TTM 2.62m) |
| A: -0.16 (Total Current Assets 1.26b - Total Current Liabilities 1.89b) / Total Assets 3.98b |
| B: -0.53 (Retained Earnings -2.10b / Total Assets 3.98b) |
| C: 0.10 (EBIT TTM 393.9m / Avg Total Assets 3.97b) |
| D: 0.84 (Book Value of Equity 1.82b / Total Liabilities 2.16b) |
| Altman-Z'' = -1.21 = CCC |
| DSRI: 0.87 (Receivables 300.7m/317.2m, Revenue 3.29b/3.03b) |
| GMI: 1.00 (GM 79.23% / 79.40%) |
| AQI: 1.01 (AQ_t 0.55 / AQ_t-1 0.54) |
| SGI: 1.08 (Revenue 3.29b / 3.03b) |
| TATA: -0.23 (NI 315.2m - CFO 1.24b) / TA 3.98b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of July 01, 2026, the stock is trading at USD 44.42 with a total of 3,411,149 shares traded. Over the past week, the price has changed by +4.10%, over one month by -22.10%, over three months by -6.31% and over the past year by -42.97%.
Current recommended Stop Loss: 39.30 (which is 11.5% or 2.2 ATR below the current price).
DocuSign has received a consensus analysts rating of 3.30. Therefore, it is recommended to hold DOCU.
- StrongBuy: 3
- Buy: 3
- Hold: 16
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 59.3 | 33.6% |
P/E Trailing = 29.3571
P/E Forward = 9.9108
P/S = 2.627
P/B = 4.7438
P/EG = 0.533
Revenue TTM = 3.29b USD
EBIT TTM = 393.9m USD
EBITDA TTM = 648.9m USD
Long Term Debt = 167.3m USD (estimated: total debt 183.3m - short term 16.1m)
Short Term Debt = 16.1m USD (from shortTermDebt, last quarter)
Debt = 183.3m USD (from shortLongTermDebtTotal, last quarter) (leases 183.3m already included)
Net Debt = -630.8m USD (calculated: Debt 183.3m - CCE 814.2m)
Enterprise Value = 8.00b USD (8.63b + Debt 183.3m - CCE 814.2m)
Interest Coverage Ratio = 150.4 (Ebit TTM 393.9m / Interest Expense TTM 2.62m)
EV/FCF = 7.14x (Enterprise Value 8.00b / FCF TTM 1.12b)
FCF Yield = 14.00% (FCF TTM 1.12b / Enterprise Value 8.00b)
FCF Margin = 34.09% (FCF TTM 1.12b / Revenue TTM 3.29b)
Net Margin = 9.59% (Net Income TTM 315.2m / Revenue TTM 3.29b)
Gross Margin = 79.40% ((Revenue TTM 3.29b - Cost of Revenue TTM 677.1m) / Revenue TTM)
Gross Margin QoQ = 79.37% (prev 79.71%)
Tobins Q-Ratio = 2.01 (Enterprise Value 8.00b / Total Assets 3.98b)
Interest Expense / Debt = 1.43% (Interest Expense 2.62m / Debt 183.3m)
Taxrate = 19.45% (76.1m / 391.3m)
NOPAT = 317.3m (EBIT 393.9m * (1 - 19.45%))
Current Ratio = 0.66 (Total Current Assets 1.26b / Total Current Liabilities 1.89b)
Debt / Equity = 0.10 (Debt 183.3m / totalStockholderEquity, last quarter 1.82b)
Debt / EBITDA = -0.97 (Net Debt -630.8m / EBITDA 648.9m)
Debt / FCF = -0.56 (Net Debt -630.8m / FCF TTM 1.12b)
Total Stockholder Equity = 1.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.95% (Net Income 315.2m / Total Assets 3.98b)
RoE = 16.36% (Net Income TTM 315.2m / Total Stockholder Equity 1.93b)
RoCE = 18.81% (EBIT 393.9m / Capital Employed (Equity 1.93b + L.T.Debt 167.3m))
RoIC = 16.30% (NOPAT 317.3m / Invested Capital 1.95b)
WACC = 9.83% (E(8.63b)/V(8.82b) * Re(10.01%) + D(183.3m)/V(8.82b) * Rd(1.43%) * (1-Tc(0.19)))
Discount Rate = 10.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -6.67 | Cagr: -2.83%
[DCF] Terminal Value 73.35% ; FCFF base≈1.04b ; Y1≈1.19b ; Y5≈1.75b
[DCF] Fair Price = 112.9 (EV 20.9b - Net Debt -630.8m = Equity 21.5b / Shares 190.9m; r=9.83% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 97.17 | EPS CAGR: 14.44% | SUE: 2.11 | # QB: 5
Revenue Correlation: 99.97 | Revenue CAGR: 8.03% | SUE: 1.05 | # QB: 8
EPS current Quarter (2026-07-31): EPS=1.09 | Chg30d=+2.42% | Revisions=+56% | Analysts=19
EPS next Quarter (2026-10-31): EPS=1.16 | Chg30d=-1.06% | Revisions=-50% | Analysts=19
EPS current Year (2027-01-31): EPS=4.53 | Chg30d=+2.25% | Revisions=+68% | GrowthEPS=+17.8% | GrowthRev=+8.6%
EPS next Year (2028-01-31): EPS=5.10 | Chg30d=+1.26% | Revisions=+33% | GrowthEPS=+12.6% | GrowthRev=+7.5%
[Analyst] Revisions Ratio: +68%