DOCUSIGN INC (DOCU) Fundamental Analysis & Valuation

NASDAQ:DOCU • US2561631068

48.69 USD
+0.46 (+0.95%)
At close: Mar 6, 2026
48.6 USD
-0.09 (-0.18%)
After Hours: 3/6/2026, 8:12:38 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This DOCU fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, DOCU scores 5 out of 10 in our fundamental rating. DOCU was compared to 276 industry peers in the Software industry. DOCU has an average financial health and profitability rating. DOCU scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make DOCU a good candidate for value investing.


Dividend Valuation Growth Profitability Health

6

1. DOCU Profitability Analysis

1.1 Basic Checks

  • In the past year DOCU was profitable.
  • DOCU had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: DOCU reported negative net income in multiple years.
  • DOCU had a positive operating cash flow in each of the past 5 years.
DOCU Yearly Net Income VS EBIT VS OCF VS FCFDOCU Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 7.59%, DOCU belongs to the top of the industry, outperforming 80.43% of the companies in the same industry.
  • DOCU's Return On Equity of 15.25% is amongst the best of the industry. DOCU outperforms 81.88% of its industry peers.
  • With an excellent Return On Invested Capital value of 9.75%, DOCU belongs to the best of the industry, outperforming 85.51% of the companies in the same industry.
Industry RankSector Rank
ROA 7.59%
ROE 15.25%
ROIC 9.75%
ROA(3y)8.62%
ROA(5y)2.54%
ROE(3y)14.69%
ROE(5y)-11.2%
ROIC(3y)N/A
ROIC(5y)N/A
DOCU Yearly ROA, ROE, ROICDOCU Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 -60

1.3 Margins

  • The Profit Margin of DOCU (9.57%) is better than 72.46% of its industry peers.
  • With a decent Operating Margin value of 8.59%, DOCU is doing good in the industry, outperforming 74.64% of the companies in the same industry.
  • DOCU has a Gross Margin of 79.31%. This is in the better half of the industry: DOCU outperforms 78.62% of its industry peers.
  • DOCU's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 8.59%
PM (TTM) 9.57%
GM 79.31%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.53%
GM growth 5Y1.07%
DOCU Yearly Profit, Operating, Gross MarginsDOCU Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. DOCU Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), DOCU is destroying value.
  • DOCU has less shares outstanding than it did 1 year ago.
  • DOCU has more shares outstanding than it did 5 years ago.
  • DOCU has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DOCU Yearly Shares OutstandingDOCU Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
DOCU Yearly Total Debt VS Total AssetsDOCU Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • An Altman-Z score of 3.18 indicates that DOCU is not in any danger for bankruptcy at the moment.
  • DOCU's Altman-Z score of 3.18 is fine compared to the rest of the industry. DOCU outperforms 65.22% of its industry peers.
  • DOCU has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 3.18
ROIC/WACC0.88
WACC11.12%
DOCU Yearly LT Debt VS Equity VS FCFDOCU Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 0.73 indicates that DOCU may have some problems paying its short term obligations.
  • The Current ratio of DOCU (0.73) is worse than 88.41% of its industry peers.
  • DOCU has a Quick Ratio of 0.73. This is a bad value and indicates that DOCU is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DOCU has a worse Quick ratio (0.73) than 88.41% of its industry peers.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.73
DOCU Yearly Current Assets VS Current LiabilitesDOCU Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. DOCU Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.96% over the past year.
  • Measured over the past years, DOCU shows a very strong growth in Earnings Per Share. The EPS has been growing by 62.84% on average per year.
  • The Revenue has grown by 8.45% in the past year. This is quite good.
  • Measured over the past years, DOCU shows a very strong growth in Revenue. The Revenue has been growing by 25.04% on average per year.
EPS 1Y (TTM)6.96%
EPS 3Y21.69%
EPS 5Y62.84%
EPS Q2Q%12.22%
Revenue 1Y (TTM)8.45%
Revenue growth 3Y12.2%
Revenue growth 5Y25.04%
Sales Q2Q%8.42%

3.2 Future

  • DOCU is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.69% yearly.
  • The Revenue is expected to grow by 6.97% on average over the next years.
EPS Next Y8.79%
EPS Next 2Y8.77%
EPS Next 3Y9.1%
EPS Next 5Y8.69%
Revenue Next Year8.37%
Revenue Next 2Y7.53%
Revenue Next 3Y7.48%
Revenue Next 5Y6.97%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DOCU Yearly Revenue VS EstimatesDOCU Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 1B 2B 3B 4B 5B
DOCU Yearly EPS VS EstimatesDOCU Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2 4 6

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Find the best growth stocksShow best growing peers

7

4. DOCU Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.20, the valuation of DOCU can be described as correct.
  • 84.78% of the companies in the same industry are more expensive than DOCU, based on the Price/Earnings ratio.
  • DOCU is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 11.59, which indicates a very decent valuation of DOCU.
  • DOCU's Price/Forward Earnings ratio is rather cheap when compared to the industry. DOCU is cheaper than 84.06% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, DOCU is valued rather cheaply.
Industry RankSector Rank
PE 13.2
Fwd PE 11.59
DOCU Price Earnings VS Forward Price EarningsDOCU Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DOCU indicates a somewhat cheap valuation: DOCU is cheaper than 73.91% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, DOCU is valued cheaply inside the industry as 91.30% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.87
EV/EBITDA 21.97
DOCU Per share dataDOCU EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • DOCU's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of DOCU may justify a higher PE ratio.
PEG (NY)1.5
PEG (5Y)0.21
EPS Next 2Y8.77%
EPS Next 3Y9.1%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. DOCU Dividend Analysis

5.1 Amount

  • No dividends for DOCU!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

DOCU Fundamentals: All Metrics, Ratios and Statistics

DOCUSIGN INC

NASDAQ:DOCU (3/6/2026, 8:12:38 PM)

After market: 48.6 -0.09 (-0.18%)

48.69

+0.46 (+0.95%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)12-04
Earnings (Next)03-17
Inst Owners86.69%
Inst Owner Change-1.08%
Ins Owners0.5%
Ins Owner Change0.54%
Market Cap9.75B
Revenue(TTM)3.16B
Net Income(TTM)302.27M
Analysts71.72
Price Target80.82 (65.99%)
Short Float %7.09%
Short Ratio3.13
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.48%
Min EPS beat(2)6.77%
Max EPS beat(2)8.2%
EPS beat(4)3
Avg EPS beat(4)5.78%
Min EPS beat(4)-0.64%
Max EPS beat(4)8.79%
EPS beat(8)7
Avg EPS beat(8)7.57%
EPS beat(12)11
Avg EPS beat(12)11.53%
EPS beat(16)13
Avg EPS beat(16)9.6%
Revenue beat(2)1
Avg Revenue beat(2)0.02%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)0.61%
Revenue beat(4)2
Avg Revenue beat(4)0.02%
Min Revenue beat(4)-0.57%
Max Revenue beat(4)0.61%
Revenue beat(8)2
Avg Revenue beat(8)-0.39%
Revenue beat(12)4
Avg Revenue beat(12)-0.07%
Revenue beat(16)7
Avg Revenue beat(16)0.13%
PT rev (1m)-7.23%
PT rev (3m)-16.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.22%
EPS NY rev (1m)0%
EPS NY rev (3m)2.77%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)0.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.43%
Valuation
Industry RankSector Rank
PE 13.2
Fwd PE 11.59
P/S 3.09
P/FCF 9.87
P/OCF 8.9
P/B 4.92
P/tB 6.66
EV/EBITDA 21.97
EPS(TTM)3.69
EY7.58%
EPS(NY)4.2
Fwd EY8.63%
FCF(TTM)4.93
FCFY10.13%
OCF(TTM)5.47
OCFY11.24%
SpS15.77
BVpS9.89
TBVpS7.31
PEG (NY)1.5
PEG (5Y)0.21
Graham Number28.66
Profitability
Industry RankSector Rank
ROA 7.59%
ROE 15.25%
ROCE 12.34%
ROIC 9.75%
ROICexc 15.77%
ROICexgc 25.5%
OM 8.59%
PM (TTM) 9.57%
GM 79.31%
FCFM 31.27%
ROA(3y)8.62%
ROA(5y)2.54%
ROE(3y)14.69%
ROE(5y)-11.2%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.53%
GM growth 5Y1.07%
F-Score7
Asset Turnover0.79
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 91.05%
Cap/Sales 3.41%
Interest Coverage 250
Cash Conversion 281.19%
Profit Quality 326.83%
Current Ratio 0.73
Quick Ratio 0.73
Altman-Z 3.18
F-Score7
WACC11.12%
ROIC/WACC0.88
Cap/Depr(3y)92.4%
Cap/Depr(5y)93.61%
Cap/Sales(3y)3.23%
Cap/Sales(5y)3.65%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.96%
EPS 3Y21.69%
EPS 5Y62.84%
EPS Q2Q%12.22%
EPS Next Y8.79%
EPS Next 2Y8.77%
EPS Next 3Y9.1%
EPS Next 5Y8.69%
Revenue 1Y (TTM)8.45%
Revenue growth 3Y12.2%
Revenue growth 5Y25.04%
Sales Q2Q%8.42%
Revenue Next Year8.37%
Revenue Next 2Y7.53%
Revenue Next 3Y7.48%
Revenue Next 5Y6.97%
EBIT growth 1Y47.82%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year21.68%
EBIT Next 3Y12.03%
EBIT Next 5Y-3.95%
FCF growth 1Y31.45%
FCF growth 3Y27.4%
FCF growth 5Y83.99%
OCF growth 1Y29.53%
OCF growth 3Y26.17%
OCF growth 5Y54.46%

DOCUSIGN INC / DOCU FAQ

What is the ChartMill fundamental rating of DOCUSIGN INC (DOCU) stock?

ChartMill assigns a fundamental rating of 5 / 10 to DOCU.


What is the valuation status of DOCUSIGN INC (DOCU) stock?

ChartMill assigns a valuation rating of 7 / 10 to DOCUSIGN INC (DOCU). This can be considered as Undervalued.


How profitable is DOCUSIGN INC (DOCU) stock?

DOCUSIGN INC (DOCU) has a profitability rating of 6 / 10.


What is the earnings growth outlook for DOCUSIGN INC?

The Earnings per Share (EPS) of DOCUSIGN INC (DOCU) is expected to grow by 8.79% in the next year.