Added to YB: 2024-02-08
Pitch date: 2024-02-07
DOCU [bullish]
DocuSign, Inc.
+38.16%
current return
Author Info
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Company Info
DocuSign, Inc. provides electronic signature solution in the United States and internationally. The company offers AI-powered intelligent agreement management (IAM) platform to optimize the agreement management process and provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce for automated agreement generation within Salesforce.
Market Cap
$13.6B
Pitch Price
$51.47
Price Target
95.00 (+34%)
Dividend
N/A
EV/EBITDA
39.97
P/E
50.81
EV/Sales
4.17
Sector
Software
Category
turnaround
DocuSign: Buy Weakness On Failed Buyout
$DOCU rejected buyout, opts for restructuring; growth slowed post-COVID, e-sign demand weak. Typical software deal 7.3x TTM rev=$95 but unrealistic. Expanding TAM to $50B via contract mgmt. $750M FCF, $1.7B cash. Buy on dip to $40s, bank on recovery & market expansion.
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