Executive Summary
DocuSign, Inc. provides cloud based software in the United States.
Rewards
Risk Analysis
Shareholders have been substantially diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Adequate balance sheet with limited growth.
Similar Companies
Share Price & News
How has DocuSign's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DS3's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.9%
DS3
0.9%
DE Software
1.0%
DE Market
1 Year Return
74.5%
DS3
34.9%
DE Software
14.2%
DE Market
Return vs Industry: DS3 exceeded the German Software industry which returned 34.9% over the past year.
Return vs Market: DS3 exceeded the German Market which returned 14.2% over the past year.
Shareholder returns
| DS3 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.9% | 0.9% | 1.0% |
| 30 Day | 7.4% | -0.5% | 0.04% |
| 90 Day | 15.5% | 13.5% | 6.0% |
| 1 Year | 74.5%74.5% | 36.7%34.9% | 17.8%14.2% |
| 3 Year | n/a | 60.5%54.1% | 19.2%8.7% |
| 5 Year | n/a | 138.5%121.5% | 36.0%17.5% |
Price Volatility Vs. Market
How volatile is DocuSign's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is DocuSign undervalued compared to its fair value and its price relative to the market?
23.21x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: DS3 (€65.87) is trading above our estimate of fair value (€27.94)
Significantly Below Fair Value: DS3 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DS3 is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: DS3 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DS3's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DS3 is overvalued based on its PB Ratio (23.2x) compared to the DE Software industry average (3x).
Next Steps
Future Growth
How is DocuSign forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
25.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DS3 is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: DS3 is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: DS3 is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: DS3's revenue (21.5% per year) is forecast to grow faster than the German market (4.8% per year).
High Growth Revenue: DS3's revenue (21.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DS3's Return on Equity is forecast to be low in 3 years time (19.9%).
Next Steps
Past Performance
How has DocuSign performed over the past 5 years?
-21.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DS3 is currently unprofitable.
Growing Profit Margin: DS3 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DS3 is unprofitable, and losses have increased over the past 5 years at a rate of -21.5% per year.
Accelerating Growth: Unable to compare DS3's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DS3 is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (14.6%).
Return on Equity
High ROE: DS3 has a negative Return on Equity (-39.9%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is DocuSign's financial position?
Financial Position Analysis
Short Term Liabilities: DS3's short term assets ($869.4M) exceed its short term liabilities ($588.5M).
Long Term Liabilities: DS3's short term assets ($869.4M) exceed its long term liabilities ($628.5M).
Debt to Equity History and Analysis
Debt Level: DS3's debt to equity ratio (80.5%) is considered high.
Reducing Debt: Insufficient data to determine if DS3's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Inventory Level: DS3 has a low level of unsold assets or inventory.
Debt Coverage by Assets: DS3's debt is covered by short term assets (assets are 1.9x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DS3 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DS3 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 62.1% per year.
Next Steps
Dividend
What is DocuSign's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate DS3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate DS3's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DS3's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DS3's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DS3's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
What is the CEO of DocuSign's salary, the management and board of directors tenure and is there insider trading?
1.9yrs
Average management tenure
CEO
Dan Springer (56yo)
2.9yrs
Tenure
US$13,436,138
Compensation
Mr. Daniel D. Springer, also known as Dan, has been Chief Executive Officer, President and Member of the Board of Directors at DocuSign, Inc. since January 2017. Mr. Springer has been an Independent Operat ...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD13.44M) is above average for companies of similar size in the German market ($USD4.63M).
Compensation vs Earnings: Dan's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
1.9yrs
Average Tenure
53yo
Average Age
Experienced Management: DS3's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Age and Tenure
3.8yrs
Average Tenure
58.5yo
Average Age
Experienced Board: DS3's board of directors are considered experienced (3.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 58,593 |
| Max Price | €45.97 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 27,000 |
| Max Price | €45.97 |
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 70.2%.
Management Team
Mike Sheridan (54yo)
Chief Financial Officer
- Tenure: 4.3yrs
- Compensation: US$4.58m
Dan Springer (56yo)
President
- Tenure: 2.9yrs
- Compensation: US$13.44m
Mark Register (56yo)
Senior Vice President of Business Development & Channels
- Tenure: 3.8yrs
Trâm Phi (48yo)
Senior VP
- Tenure: 0.5yrs
Vivian MacDonald (52yo)
Chief Accounting Officer
- Tenure: 0yrs
Scott Olrich (44yo)
Chief Operating Officer
- Tenure: 0.8yrs
- Compensation: US$14.69m
Grant Peterson
Chief Technology Officer
- Tenure: 0yrs
Scott Barmmer
Senior Vice President of International Sales
- Tenure: 0.9yrs
Anne Leschin
Vice President of Investor Relations
- Tenure: 0yrs
Adrian Wainwright
Head of Communications
- Tenure: 0yrs
Board Members
Enrique Salem (53yo)
Independent Director
- Tenure: 6.3yrs
- Compensation: US$200.00k
Lou Lavigne (70yo)
Independent Director
- Tenure: 6.4yrs
- Compensation: US$200.00k
Maggie Wilderotter (64yo)
Independent Chairman
- Tenure: 0.9yrs
- Compensation: US$606.04k
Dan Springer (56yo)
President
- Tenure: 2.9yrs
- Compensation: US$13.44m
Matt Schiltz
Member of Advisory Board
- Tenure: 3.8yrs
Pete Solvik (58yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$200.00k
Dave Barram (75yo)
Member of Advisory Board
- Tenure: 0yrs
John Hinshaw (49yo)
Independent Director
- Tenure: 5yrs
- Compensation: US$200.00k
Blake Irving (59yo)
Independent Director
- Tenure: 1.3yrs
- Compensation: US$399.96k
Alex Bard
Member of Advisory Board
- Tenure: 3.8yrs
Company Information
DocuSign, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: DocuSign, Inc.
- Ticker: DS3
- Exchange: DB
- Founded: 2003
- Industry: Application Software
- Sector: Software
- Market Cap: US$12.915b
- Listing Market Cap: US$11.611b
- Shares outstanding: 179.46m
- Website: https://www.docusign.com
Number of Employees
Location
- DocuSign, Inc.
- 221 Main Street
- Suite 1550
- San Francisco
- California
- 94105
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DOCU | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 2018 |
| DS3 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 2018 |
| 0XNH | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Apr 2018 |
| DOCU * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Apr 2018 |
Biography
DocuSign, Inc. provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. The company sells it ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 23:06 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/10/31 |
| Annual Earnings | 2019/01/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.