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DocuSign

Nasdaq:DOCU
Snowflake Description

Adequate balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DOCU
Nasdaq
$9B
Market Cap
  1. Home
  2. US
  3. Software
Company description

DocuSign, Inc. provides cloud based software in the United States. The last earnings update was 24 days ago. More info.


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DOCU Share Price and Events
7 Day Returns
-4.5%
NasdaqGS:DOCU
1%
US Software
0.8%
US Market
1 Year Returns
-
NasdaqGS:DOCU
25.3%
US Software
5.9%
US Market
DOCU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DocuSign (DOCU) -4.5% -4.7% 12.3% - - -
US Software 1% 2.9% 15.8% 25.3% 107.7% 150.5%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • No trading data on DOCU.
  • No trading data on DOCU.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

DOCU Value

 Is DocuSign undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of DocuSign to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for DocuSign.

NasdaqGS:DOCU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:DOCU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 21%) (4.89%))
1.124
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.124 * 5.96%)
9.43%

Discounted Cash Flow Calculation for NasdaqGS:DOCU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for DocuSign is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:DOCU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.43%)
2019 40.17 Analyst x6 36.71
2020 52.02 Analyst x4 43.45
2021 108.34 Analyst x4 82.68
2022 165.29 Analyst x2 115.28
2023 214.83 Est @ 29.98% 136.93
2024 261.68 Est @ 21.8% 152.42
2025 303.76 Est @ 16.08% 161.69
2026 340.44 Est @ 12.08% 165.60
2027 372.00 Est @ 9.27% 165.37
2028 399.19 Est @ 7.31% 162.17
Present value of next 10 years cash flows $1,222.29
NasdaqGS:DOCU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $399.19 × (1 + 2.73%) ÷ (9.43% – 2.73%)
$6,124.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,124.33 ÷ (1 + 9.43%)10
$2,487.99
NasdaqGS:DOCU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,222.29 + $2,487.99
$3,710.29
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,710.29 / 169.90
$21.84
NasdaqGS:DOCU Discount to Share Price
Calculation Result
Value per share (USD) From above. $21.84
Current discount Discount to share price of $52.79
= -1 x ($52.79 - $21.84) / $21.84
-141.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of DocuSign is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for DocuSign's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DocuSign's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:DOCU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in USD $-3.16
NasdaqGS:DOCU Share Price ** NasdaqGS (2019-04-18) in USD $52.79
United States of America Software Industry PE Ratio Median Figure of 82 Publicly-Listed Software Companies 55.7x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of DocuSign.

NasdaqGS:DOCU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:DOCU Share Price ÷ EPS (both in USD)

= 52.79 ÷ -3.16

-16.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DocuSign is loss making, we can't compare its value to the US Software industry average.
  • DocuSign is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does DocuSign's expected growth come at a high price?
Raw Data
NasdaqGS:DOCU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -16.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
59.5%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.36x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for DocuSign, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on DocuSign's assets?
Raw Data
NasdaqGS:DOCU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in USD $3.63
NasdaqGS:DOCU Share Price * NasdaqGS (2019-04-18) in USD $52.79
United States of America Software Industry PB Ratio Median Figure of 218 Publicly-Listed Software Companies 5.84x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
NasdaqGS:DOCU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:DOCU Share Price ÷ Book Value per Share (both in USD)

= 52.79 ÷ 3.63

14.55x

* Primary Listing of DocuSign.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DocuSign is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess DocuSign's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. DocuSign has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DOCU Future Performance

 How is DocuSign expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
59.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DocuSign expected to grow at an attractive rate?
  • Unable to compare DocuSign's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare DocuSign's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • DocuSign's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:DOCU Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:DOCU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 59.5%
NasdaqGS:DOCU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 21.8%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:DOCU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:DOCU Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-01-31 1,393 232 -52 4
2021-01-31 1,134 161 -159 9
2020-01-31 914 117 -165 10
NasdaqGS:DOCU Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-31 701 76 -427
2018-10-31 650 74 -367
2018-07-31 602 81 -329
2018-04-30 561 71 -305
2018-01-31 519 55 -54
2017-01-31 381 -5 -117

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • DocuSign is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • DocuSign's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:DOCU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from DocuSign Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:DOCU Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-01-31 -0.56 -0.56 -0.56 1.00
2021-01-31 -0.97 -0.73 -1.28 4.00
2020-01-31 -1.01 -0.76 -1.43 4.00
NasdaqGS:DOCU Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-31 -3.16
2018-10-31 -3.61
2018-07-31 -4.84
2018-04-30 -8.99
2018-01-31 -1.66
2017-01-31 -4.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • DocuSign is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess DocuSign's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
DocuSign has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DOCU Past Performance

  How has DocuSign performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare DocuSign's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • DocuSign does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare DocuSign's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare DocuSign's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
DocuSign's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from DocuSign Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:DOCU Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 700.97 -426.81 748.90 185.97
2018-10-31 650.11 -367.28 682.39 166.48
2018-07-31 602.32 -329.35 618.26 150.60
2018-04-30 560.81 -305.04 570.73 140.59
2018-01-31 518.50 -53.74 359.46 92.43
2017-01-31 381.46 -116.87 305.15 89.65
2016-01-31 250.48 -123.97 233.68 62.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if DocuSign has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if DocuSign has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if DocuSign improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess DocuSign's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
DocuSign has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DOCU Health

 How is DocuSign's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up DocuSign's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DocuSign is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DocuSign's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of DocuSign's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from DocuSign Company Filings, last reported 2 months ago.

NasdaqGS:DOCU Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 614.36 438.93 769.01
2018-10-31 810.17 432.57 1,094.13
2018-07-31 743.47 0.00 818.80
2018-04-30 214.13 0.00 269.43
2018-01-31 208.85 0.00 256.87
2017-01-31 198.69 0.00 190.56
2016-01-31 268.44 0.00 228.52
  • DocuSign's level of debt (71.4%) compared to net worth is high (greater than 40%).
  • Unable to establish if DocuSign's debt level has increased without past 5-year debt data.
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.

  • Whilst loss making DocuSign has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making DocuSign has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -98.2% per year.
X
Financial health checks
We assess DocuSign's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. DocuSign has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DOCU Dividends

 What is DocuSign's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from DocuSign dividends. Estimated to be 0% next year.
If you bought $2,000 of DocuSign shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate DocuSign's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate DocuSign's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:DOCU Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:DOCU Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-01-31 0.00 2.00
2021-01-31 0.00 3.00
2020-01-31 0.00 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as DocuSign has not reported any payouts.
  • Unable to verify if DocuSign's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of DocuSign's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as DocuSign has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of DocuSign's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess DocuSign's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can DocuSign afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DocuSign has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DOCU Management

 What is the CEO of DocuSign's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dan Springer
COMPENSATION $796,156
AGE 55
TENURE AS CEO 2.3 years
CEO Bio

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 Operating Partner at Advent International Corporation since May 2015 until January 2017. He served as the Chief Executive Officer and Chairman of Responsys, Inc. since March 2004 to March 2014. Mr. Springer served as the Managing Director of San Francisco Office at Modem Media Inc., from April 2002 to February 25, 2004. From 2000 to 2001, he served as the Chief Executive Officer of Telleo, Inc. From December 1997 to September 2000, he served as Chief Marketing Officer and Sales Officer and General Manager for NextCard, a leading issuer of consumer credit on the Internet. Prior to 1997, he held various positions at McKinsey & Co. At Modem Media, he served as the Managing Director of the West Coast region and led the development of the agency's Performance Marketing capability by leveraging database marketing, website analytics and search engine marketing techniques. He started his career as a Consultant at McKinsey & Company and DRI/McGraw-Hill. Mr. Springer has been a Director of E-LOAN, Inc. since July 2004. He has been Director of Ansira, Inc. since May 16, 2017. He has been a Director of iCIMS, Inc. since October 21, 2016. He serves as a Member of Board of Advisors at Topspin Media, Inc. He serves as a Director of eGroups (Yahoo!), ITI and the Randall Museum. He serves as a Director of Indicator Technologies, Inc. He has been a Member of the Advisor of The New Orleans Exchange, Inc. since September 2009. He serves as a Director of AdTech and The San Francisco Friends School. He has been Director of Responsys Pty Ltd since April 2004. He serves as a board member for several software companies in the marketing space such as Heighten and Persado. He served as a Director of YuMe, Inc. since October 2013 until July 27, 2017 and served as its Lead Independent Director since March 2015 until November 2016. He served as Director of Telleo, Inc. He has served as Director of YearUp, The Urban School and Shop.org. He served as a Director of Responsys, Inc. from 2004 to February 6, 2014. He served as Member of Advisory Board at The Receivables Exchange, LLC. Mr. Springer holds a Master of Business Administration from Harvard University from 1989 to 1991 and a Bachelor of Arts in Mathematics and Economics from Occidental College from 1981 to 1985.

CEO Compensation
  • Insufficient data for Dan to compare compensation growth.
  • Dan's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the DocuSign management team in years:

1.3
Average Tenure
52
Average Age
  • The average tenure for the DocuSign management team is less than 2 years, this suggests a new team.
Management Team

Dan Springer

TITLE
President
COMPENSATION
$796K
AGE
55
TENURE
2.3 yrs

Scott Olrich

TITLE
Chief Operating Officer
COMPENSATION
$15M
AGE
43
TENURE
0.2 yrs

Kirsten Wolberg

TITLE
Chief Technology & Operations Officer
COMPENSATION
$4M
AGE
50
TENURE
0.3 yrs

Mike Sheridan

TITLE
Chief Financial Officer
AGE
53
TENURE
3.7 yrs

Vivian MacDonald

TITLE
Chief Accounting Officer
AGE
51

Anne Leschin

TITLE
Vice President of Investor Relations

Adrian Wainwright

TITLE
Head of Communications

Scott Barmmer

TITLE
Senior Vice President of International Sales
TENURE
0.3 yrs

Grant Peterson

TITLE
Chief Technology Officer

Mark Register

TITLE
Senior Vice President of Business Development & Channels
AGE
55
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the DocuSign board of directors in years:

3.8
Average Tenure
58
Average Age
  • The tenure for the DocuSign board of directors is about average.
Board of Directors

Maggie Wilderotter

TITLE
Chairman
AGE
63
TENURE
0.3 yrs

Dan Springer

TITLE
President
COMPENSATION
$796K
AGE
55
TENURE
2.3 yrs

Peter Solvik

TITLE
Lead Independent Director
AGE
57

Lou Lavigne

TITLE
Director
AGE
69
TENURE
5.8 yrs

Enrique Salem

TITLE
Director
AGE
52
TENURE
5.7 yrs

Matt Schiltz

TITLE
Member of Advisory Board
TENURE
3.2 yrs

Mary Meeker

TITLE
Director
AGE
59
TENURE
6.8 yrs

John Hinshaw

TITLE
Director
AGE
48
TENURE
4.3 yrs

Alex Bard

TITLE
Member of Advisory Board
TENURE
3.2 yrs

Dave Barram

TITLE
Member of Advisory Board
AGE
74
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Dec 18 Sell Kleiner Perkins Caufield & Byers Company 14. Dec 18 14. Dec 18 -9,646 $42.98 $-414,585
20. Sep 18 Sell Bain Capital, LP Company 18. Sep 18 18. Sep 18 -478,260 $53.57 $-25,620,388
18. Sep 18 Sell Sigma Partners Company 18. Sep 18 18. Sep 18 -1,304,348 $55.00 $-71,739,140
X
Management checks
We assess DocuSign's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. DocuSign has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DOCU News

Simply Wall St News

Are DocuSign, Inc.'s (NASDAQ:DOCU) Interest Costs Too High?

Mid-caps stocks, like DocuSign, Inc. … (NASDAQ:DOCU) with a market capitalization of US$9.5b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.

Simply Wall St -

Is DocuSign Inc (NASDAQ:DOCU) A Financially Strong Company?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like DocuSign Inc (NASDAQ:DOCU), with a market cap of US$6.6b, are often out of the spotlight. … Despite this, the two other categories have lagged behind the risk-adjusted returns of commonly ignored mid-cap stocks. … Don’t forget that this is a general and concentrated examination of DocuSign's financial health, so you should conduct further analysis.

Simply Wall St -

Has DocuSign Inc (NASDAQ:DOCU) Got Enough Cash?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like DocuSign Inc (NASDAQ:DOCU), with a market cap of US$9.01b, are often out of the spotlight. … Today we will look at DOCU’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.

Simply Wall St -

Did DocuSign Inc's (NASDAQ:DOCU) Earnings Growth Outperform The Industry?

Today I will assess DOCU's recent performance announced on 31 January 2018 and compare these figures to its historical trend and industry movements. … For the most up-to-date info, I use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Each year, for the last five years DocuSign's top-line has risen by 34.92% on average, implying that the company is in a high-growth phase with expenses racing ahead revenues, leading to annual losses.

Simply Wall St -

Is DocuSign Inc's (NASDAQ:DOCU) Liquidity Good Enough?

See our latest analysis for DocuSign Can DOCU service its debt comfortably? … Investors' risk associated with debt is virtually non-existent with DOCU, and the company has plenty of headroom and ability to raise debt should it need to in the future. … Its safe operations reduces risk for the company and its investors, though, some level of debt may also ramp up earnings growth and operational efficiency.

Simply Wall St -

DOCU Company Info

Description

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 its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals. The company was 2003 and is headquartered in San Francisco, California.

Details
Name: DocuSign, Inc.
DOCU
Exchange: NasdaqGS
Founded: 2003
$8,969,021,000
169,900,000
Website: http://www.docusign.com
Address: DocuSign, Inc.
221 Main Street,
Suite 1550,
San Francisco,
California, 94105,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS DOCU Common Stock Nasdaq Global Select US USD 27. Apr 2018
DB DS3 Common Stock Deutsche Boerse AG DE EUR 27. Apr 2018
LSE 0XNH Common Stock London Stock Exchange GB USD 27. Apr 2018
BMV DOCU * Common Stock Bolsa Mexicana de Valores MX MXN 27. Apr 2018
Number of employees
Current staff
Staff numbers
3,023
DocuSign employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 00:41
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/12
Last earnings filing: 2019/03/26
Last earnings reported: 2019/01/31
Last annual earnings reported: 2019/01/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.