Projected Income Statement: DocuSign, Inc.

Forecast Balance Sheet: DocuSign, Inc.

Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 -84.3 -495 -1,167 -1,098 -867 -1,120 -2,308 -3,694
Change - -487.19% -135.76% 5.91% 21.04% -29.25% -106.07% -60.05%
Announcement Date 10/3/22 9/3/23 7/3/24 13/3/25 17/3/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: DocuSign, Inc.

Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 61.4 77.65 92.39 96.99 106.4 133.2 128.6 141.1
Change - 26.48% 18.98% 4.98% 9.75% 25.13% -3.47% 9.74%
Free Cash Flow (FCF) 1 445.1 429.1 887.1 920.3 1,059 1,191 1,291 1,461
Change - -3.59% 106.74% 3.74% 15.03% 12.55% 8.37% 13.15%
Announcement Date 10/3/22 9/3/23 7/3/24 13/3/25 17/3/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: DocuSign, Inc.

Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 22.6% 23.15% 28.5% 32.56% 33.17% 38.25% 36.2% 37.5%
EBIT Margin (%) 19.89% 20.54% 25.76% 29.76% 30.06% 31.37% 31.98% 33.09%
EBT Margin (%) -3.18% -3.57% 3.39% 8.33% 10.79% 13.61% 15.03% 16.7%
Net margin (%) -3.32% -3.87% 2.68% 35.87% 9.6% 9.74% 12.09% 13.58%
FCF margin (%) 21.12% 17.06% 32.12% 30.92% 32.88% 34% 34.14% 35.95%
FCF / Net Income (%) -636.03% -440.32% 1,199.16% 86.18% 342.48% 349.03% 282.43% 264.66%

Profitability

        
ROA 16.85% 15.09% 20.82% 21.4% 19.49% 21.32% 20.88% 18.37%
ROE 136.66% 93.85% 71.31% 47.71% 40.97% 48.55% 46.38% 30.39%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.91% 3.09% 3.35% 3.26% 3.31% 3.8% 3.4% 3.47%
CAPEX / EBITDA (%) 12.89% 13.33% 11.74% 10.01% 9.97% 9.94% 9.39% 9.26%
CAPEX / FCF (%) 13.79% 18.1% 10.41% 10.54% 10.06% 11.18% 9.96% 9.66%

Items per share

        
Cash flow per share 1 2.575 2.522 4.688 4.836 5.571 6.618 6.929 7.109
Change - -2.05% 85.85% 3.17% 15.19% 18.79% 4.7% 2.59%
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 1.386 3.073 5.407 9.521 9.171 10.99 16.26 21.84
Change - 121.75% 75.96% 76.1% -3.68% 19.84% 47.9% 34.34%
EPS 1 -0.36 -0.49 0.36 5.08 1.48 1.79 2.416 2.913
Change - -36.11% 173.47% 1,311.11% -70.87% 20.96% 34.98% 20.57%
Nbr of stocks (in thousands) 197,877 201,074 203,916 202,023 200,273 186,902 186,902 186,902
Announcement Date 10/3/22 9/3/23 7/3/24 13/3/25 17/3/26 - - -
1USD
Estimates
2027 *2028 *
P/E 36.8x 27.2x
PBR 5.99x 4.05x
EV / Sales 3.19x 2.64x
Yield - -

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
65.80USD
Average target price
67.82USD
Spread / Average Target
+3.07%

Quarterly revenue - Rate of surprise

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