Professional
Added to YB: 2024-03-13
Pitch date: 2024-03-08
DOCU [bullish]
DocuSign, Inc.
+21.31%
current return
Author Info
No bio for this author
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
$56.21
Price Target
80.00 (+13%)
Dividend
N/A
EV/EBITDA
39.97
P/E
50.81
EV/Sales
4.17
Sector
Software
Category
growth
DocuSign, Inc.: Impressive Margin Expansion Alongside Continued Platform Development Efforts
DOCU: Q4 beat, revenue $712M +8% YOY, non-GAAP operating margin 25% exceeded expectations. Dan Romanoff raised FV estimate to $80 from $74 on revenue & margin outlook. Strengths in expanding platform beyond eSignature, international growth (+19% to 27% of sales), and disciplined expense mgmt despite 6% workforce cut. Net dollar retention at 98%, sees stable demand. High reward long-term, but cautions on limited operating history & COVID-related demand uncertainty. Narrow moat from customer switching costs; no dividends, but $200M share buyback. Risk from competitive landscape & data security.
Read full article (10 min)