DocuSign, Inc. Financial Ratios — DOCU Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Return on Common Equity (%)	- -	- -	- -	- -	-35.9	-55.79	-23.28	-21.83	8.47	68.18	15.77
Return on Assets (%)	- -	-23.41	-9.34	-38.16	-11.88	-11.51	-2.87	-3.51	2.47	30.58	7.5
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	5.71	- -	14.72
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.54	- -	12.62
Gross Margin (%)	70.51	73.14	77.19	72.55	75.03	74.95	77.86	78.69	79.27	79.12	79.4
EBITDA Margin (%)	-40.6	-22.9	-3.84	-55.39	-14.72	-7.07	0.95	1.06	5.69	11.34	12.88
Operating Margin (%)	-47.63	-30.36	-9.96	-60.82	-19.87	-11.96	-2.94	-2.37	2.25	7.71	9.27
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	49.48	78.02	28.39
Pretax Margin (%)	-49.34	-30.16	-9.48	-61.09	-20.9	-15.79	-3.18	-3.57	3.39	8.33	10.79
Profit Margin (%)	-48.93	-30.26	-10.08	-60.84	-21.39	-16.74	-3.32	-3.87	2.68	35.87	9.6
Net Income to Common Margin (%)	-49.49	-30.64	-10.36	-60.89	-21.39	-16.74	-3.32	-3.87	2.68	35.87	9.6
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	21.03	- -	11.01
Dvd Payout Ratio (%)	1.14	1.25	2.72	0.08	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	-35.9	-55.79	-23.28	-21.83	8.47	68.18	15.77

Credit (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Total Debt	- -	- -	- -	439	648	916	882	888	143	124	185
ST Debt	- -	- -	- -	- -	21	53	37	747	22	19	17
LT Debt	- -	- -	- -	439	628	862	845	141	121	105	168
Total Debt/EBITDA	- -	- -	- -	-1.13	-4.52	-8.91	44.05	33.45	0.91	0.37	0.45
Net Debt/EBITDA	2.25	2.18	12.91	0.2	-1.56	-1.47	10.46	0.04	-5.07	-1.92	-1.45
Total Debt/EBIT	- -	- -	- -	-1.03	-3.35	-5.27	-14.26	-14.88	2.31	0.54	0.62
Net Debt/EBIT	1.92	1.65	4.97	0.19	-1.16	-0.87	-3.38	-0.02	-12.85	-2.82	-2.02
EBITDA to Interest Expense	-23.71	-142.96	-31.9	-39.36	-5.25	-3.34	3.11	4.16	22.95	217.71	162.87
EBITDA-CapEx/Interest Expense	-30.31	-213.87	-62.23	-42.44	-7.9	-6.01	-6.42	-8	9.45	155.14	121.06
EBIT to Interest Expense	-27.82	-189.55	-82.78	-43.21	-7.09	-5.64	-9.6	-9.34	9.06	148.16	117.27
Interest Expense	4	1	1	10	27	31	6	6	7	2	3
Common Equity/Total Assets	-56.76	-69.52	-54.62	38.03	28.89	13.94	10.84	20.49	38.02	49.91	45.34
Long-Term Debt/Equity (%)	- -	- -	- -	71.45	114.9	264.73	306.65	22.9	10.69	5.26	8.79
Long-Term Debt/Capital (%)	- -	- -	- -	41.67	52.54	69.46	72.97	9.39	9.49	4.95	8.01
Long-Term Debt/Total Assets (%)	- -	- -	- -	27.17	33.19	36.91	33.24	4.69	4.07	2.63	3.98
Total Debt/Equity (%)	- -	- -	- -	71.45	118.7	281.13	320.23	143.9	12.66	6.21	9.65
Total Debt/Capital (%)	- -	- -	- -	41.67	54.27	73.76	76.2	59	11.24	5.85	8.8
Total Debt/Total Assets (%)	- -	- -	- -	27.17	34.29	39.19	34.72	29.48	4.81	3.1	4.38
Net Debt to Equity	82.75	54.86	75.85	-12.84	41.02	46.36	76.02	0.16	-70.55	-32.39	-31.41
Net Debt/Capital (%)	45.28	35.43	43.13	-14.73	23.5	22.36	32.29	0.13	-167.54	-43.87	-40.15
EBITDA	-102	-87	-20	-388	-143	-103	20	27	157	337	415
EBITDA-CapEx	-130	-131	-39	-419	-215	-185	-41	-51	65	240	308
Operating Income (Loss)	-119	-116	-52	-426	-194	-174	-62	-60	62	230	299

Liquidity (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Cash Ratio	1.14	0.71	0.69	1.49	0.95	0.71	0.59	0.47	0.63	0.53	0.42
Current Ratio	1.66	1.16	1.12	1.91	1.36	1.06	0.96	0.74	0.94	0.81	0.73
Quick Ratio	1.54	1.09	1.06	1.85	1.31	1.02	0.92	0.71	0.9	0.77	0.68
CFO/Avg Current Liab	- -	-0.02	0.17	0.17	0.19	0.33	0.41	0.28	0.51	0.58	0.6
Common Equity/Total Assets	-56.76	-69.52	-54.62	38.03	28.89	13.94	10.84	20.49	38.02	49.91	45.34
Long-Term Debt/Equity (%)	- -	- -	- -	71.45	114.9	264.73	306.65	22.9	10.69	5.26	8.79
Long-Term Debt/Capital (%)	- -	- -	- -	41.67	52.54	69.46	72.97	9.39	9.49	4.95	8.01
Long-Term Debt/Total Assets (%)	- -	- -	- -	27.17	33.19	36.91	33.24	4.69	4.07	2.63	3.98
Total Debt/Equity (%)	- -	- -	- -	71.45	118.7	281.13	320.23	143.9	12.66	6.21	9.65
Total Debt/Capital (%)	- -	- -	- -	41.67	54.27	73.76	76.2	59	11.24	5.85	8.8
Total Debt/Total Assets (%)	- -	- -	- -	27.17	34.29	39.19	34.72	29.48	4.81	3.1	4.38
CFO/Total Liabilities	-8.92	-0.57	5.74	7.6	8.6	14.77	22.35	21.16	53.19	50.61	50.4
CFO/CapEx	-2.4	-0.11	2.9	2.5	1.61	3.6	8.25	6.53	10.6	10.49	10.94
Altman's Z-Score	-1.08	-1.31	-0.53	3.94	5.77	12.88	6.54	2.83	4.28	6.28	2.95

Working Capital (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Accounts Receivable Turnover	- -	4.39	4.73	4.7	4.72	5.18	5.51	5.25	5.78	6.85	6.81
Days Sales Outstanding	- -	83.22	77.23	77.66	77.27	70.51	66.21	69.48	63.18	53.27	53.63
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	6.31	5.53	8.89	10.19	11.11	10.35	13.89	26.37	25	27.56
Accounts Payable Turnover Days	- -	57.82	65.97	41.07	35.82	32.84	35.28	26.28	13.84	14.6	13.24
Cash Conversion Cycle	- -	25.39	11.26	36.59	41.46	37.67	30.93	43.2	49.35	38.67	40.38
Inventory to Cash Days	- -	83.22	77.23	77.66	77.27	70.51	66.21	69.48	63.18	53.27	53.63
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Market Capitalization	- -	- -	- -	8,372	14,230	44,903	25,007	12,243	12,508	19,586	10,391
- Cash & Cash Equivalents	229	191	257	518	241	566	509	722	797	649	602
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	439	648	916	882	888	143	124	185
Enterprise Value	-229	-191	-257	8,042	14,223	45,045	25,087	12,100	11,606	18,746	9,709
Total Capital	-276	-347	-339	1,053	1,195	1,241	1,158	1,506	1,273	2,127	2,103
Total Debt/Capital (%)	- -	- -	- -	41.67	54.27	73.76	76.2	59	11.24	5.85	8.8
Total Debt / EV	- -	- -	- -	0.05	0.05	0.02	0.04	0.07	0.01	0.01	0.02
EV/Sales	- -	- -	- -	11.47	14.6	31	11.91	4.81	4.2	6.3	3.02
EV/EBITDA	- -	- -	- -	- -	- -	- -	1,252.52	455.59	73.89	55.55	23.41
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	187.15	81.63	32.52
EV/Cash Flow to Firm	- -	- -	- -	93.61	99.03	136.67	48.88	23.56	11.78	18.31	8.32
EV/Free Cash Flow to Firm	- -	- -	- -	69.13	65.95	109.33	43.66	20.46	10.77	16.72	7.62
Diluted Market Cap	- -	- -	- -	6,684	13,873	43,262	24,736	12,183	12,729	20,346	10,987
Diluted Enterprise Value	-229	-191	-257	6,605	14,280	43,611	25,109	12,349	12,075	19,822	10,570
EV per Share	- -	- -	- -	47.5	78.47	233.63	126.17	59.93	56.52	92.59	49.09
TTM Sales	250	381	519	701	974	1,453	2,107	2,516	2,762	2,977	3,220
TTM EBITDA	-102	-87	-20	-388	-143	-103	20	27	157	337	415
TTM Operating Income	-119	-116	-52	-426	-194	-174	-62	-60	62	230	299
TTM Cash Flow to Firm	-64	-4	56	86	144	330	513	514	985	1,024	1,167
TTM Free Cash Flow to Firm	-35	39	75	116	216	412	575	591	1,077	1,121	1,274

Multiples (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Price/Free Cash Flow	- -	- -	- -	62.76	73.89	114.04	43.56	20.85	11.88	18.26	8.64
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	187.15	81.63	32.52
Enterprise Value	-229	-191	-257	8,042	14,223	45,045	25,087	12,100	11,606	18,746	9,709
Low Price	- -	- -	- -	35.06	43.13	64.88	108.06	39.57	38.11	48.7	51.9
EV/Sales	- -	- -	- -	11.47	14.6	31	11.91	4.81	4.2	6.3	3.02
EV/EBITDA	- -	- -	- -	- -	- -	- -	1,252.52	455.59	73.89	55.55	23.41
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	168.04	18.51	34.35
Price/Earnings Average	- -	- -	- -	-15.56	-50	-132.71	-658.43	-145.78	143.63	12.4	49.71
Price/Earnings High	- -	- -	- -	-21.65	-68.07	-221.62	-884.67	-271.93	191.57	20.64	64.92
Price/Earnings Low	- -	- -	- -	-11.1	-36.58	-49.54	-303.71	-81.57	105.12	9.32	33.93
Price/Book Value	- -	- -	- -	13.63	26.05	137.85	90.77	19.83	11.07	9.78	5.42
Price/Book Value Average	- -	- -	- -	13.54	19.56	102.87	169.07	23.13	9.46	6.55	7.84
Price/Book Value High	- -	- -	- -	18.84	26.63	171.79	227.17	43.15	12.62	10.9	10.24
Price/Book Value Low	- -	- -	- -	9.66	14.31	38.4	77.99	12.94	6.93	4.92	5.35
Price/Tangible Book Value	- -	- -	- -	24.27	48.25	-307.04	-140.2	63.31	17.24	13.31	7.43
Price/Tangible Book Value Average	- -	- -	- -	24.11	36.23	-229.14	-261.14	73.83	14.73	8.92	10.76
Price/Tangible Book Value High	- -	- -	- -	33.55	49.32	-382.64	-350.87	137.72	19.65	14.84	14.05
Price/Tangible Book Value Low	- -	- -	- -	17.21	26.5	-85.54	-120.46	41.31	10.78	6.7	7.34
Price/Sales	- -	- -	- -	9.54	14.24	29.77	11.74	4.84	4.5	6.64	3.3
Price/Sales Average	- -	- -	- -	9.47	10.7	22.22	21.87	5.65	3.85	4.45	4.77
Price/Sales High	- -	- -	- -	13.18	14.56	37.1	29.38	10.53	5.13	7.4	6.23
Price/Sales Low	- -	- -	- -	6.76	7.82	8.29	10.09	3.16	2.82	3.34	3.26
Price/Cash Flow	- -	- -	- -	87.85	119.91	145.68	48.84	24.04	12.69	19.43	9.11
Price/Cash Flow Average	- -	- -	- -	87.27	90.05	108.72	90.97	28.03	10.85	13.02	13.19
Price/Cash Flow High	- -	- -	- -	121.42	122.58	181.55	122.23	52.3	14.47	21.66	17.22
Price/Cash Flow Low	- -	- -	- -	62.28	65.87	40.59	41.96	15.69	7.94	9.78	9
Price/Free Cash Flow Average	- -	- -	- -	62.35	55.49	85.11	81.14	24.31	10.15	12.24	12.51
Price/Free Cash Flow High	- -	- -	- -	86.75	75.54	142.12	109.01	45.35	13.54	20.36	16.33
Price/Free Cash Flow Low	- -	- -	- -	44.5	40.59	31.77	37.43	13.6	7.43	9.19	8.54
EV/Sales Average	- -	- -	- -	11.75	11.39	23.3	22.28	5.74	3.63	4.23	4.54
EV/Sales High	- -	- -	- -	16.4	15.35	38.75	29.88	10.65	4.93	7.16	5.97
EV/Sales Low	- -	- -	- -	8.36	8.44	8.85	10.37	3.24	2.6	3.14	3.06
EV/EBITDA Average	2.25	2.18	12.91	-21.22	-77.41	-329.48	2,344.26	543.85	63.9	37.34	35.26
EV/EBITDA High	2.25	2.18	12.91	-29.6	-104.34	-547.93	3,143.35	1,009.06	86.62	63.16	46.35
EV/EBITDA Low	2.25	2.18	12.91	-15.08	-57.38	-125.13	1,091.38	307.08	45.65	27.67	23.75
EV/EBIT Average	1.92	1.65	4.97	-19.32	-57.33	-194.75	-758.73	-241.96	161.85	54.86	48.97
EV/EBIT High	1.92	1.65	4.97	-26.96	-77.28	-323.88	-1,017.36	-448.93	219.4	92.82	64.37
EV/EBIT Low	1.92	1.65	4.97	-13.74	-42.5	-73.96	-353.23	-136.62	115.63	40.66	32.98
Last Price	- -	- -	- -	49.45	78.51	232.89	125.77	60.64	60.92	96.73	52.54
High Price	- -	- -	- -	68.35	80.26	290.23	314.76	131.91	69.45	107.86	99.3
Enterprise Value Average	-229	-191	-257	8,238	11,094	33,859	46,953	14,444	10,037	12,599	14,620
Enterprise Value High	-229	-191	-257	11,493	14,955	56,308	62,958	26,800	13,606	21,315	19,221
Enterprise Value Low	-229	-191	-257	5,857	8,225	12,859	21,859	8,156	7,171	9,336	9,847

Shares Outstanding	152	152	156	169	181	193	199	202	205	202	198
Diluted Weighted Avg Shares	140	28	32	135	177	186	197	201	209	210	209
Basic Weighted Avg Shares	140	28	32	135	177	186	197	201	204	204	202
Revenue per Share	1.79	13.61	16.06	5.19	5.51	7.82	10.71	12.52	13.53	14.57	15.93
EBITDA per Share	-0.73	-3.12	-0.62	-2.87	-0.81	-0.55	0.1	0.13	0.77	1.65	2.05
Operating Income per Share	-0.85	-4.13	-1.6	-3.15	-1.1	-0.94	-0.31	-0.3	0.3	1.12	1.48
Basic EPS, GAAP	-0.89	-4.17	-1.66	-3.16	-1.18	-1.31	-0.36	-0.49	0.36	5.23	1.53
Basic EPS from Cont Ops	-0.88	-4.12	-1.62	-3.16	-1.18	-1.31	-0.36	-0.49	0.36	5.23	1.53
Diluted EPS, GAAP	-0.89	-4.17	-1.66	-3.16	-1.18	-1.31	-0.36	-0.49	0.35	5.08	1.48
Diluted EPS from Cont Ops	-0.88	-4.12	-1.62	-3.16	-1.18	-1.31	-0.36	-0.49	0.35	5.08	1.48
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.49	-0.17	1.7	0.56	0.65	1.6	2.58	2.52	4.8	4.98	5.77
Free Cash Flow per Basic Share	-0.69	-1.72	1.12	0.34	0.25	1.16	2.26	2.14	4.35	4.5	5.24
Cash & Equivalents per Share	1.5	1.25	1.64	4.54	3.62	4.01	4.04	5.11	5.09	4.76	4.38
Book Value per Share	-1.82	-2.28	-2.16	3.63	3.01	1.69	1.39	3.06	5.5	9.89	9.7
Tangible Book Value per Share	-2.26	-2.67	-2.49	2.04	1.63	-0.76	-0.9	0.96	3.53	7.27	7.07

DocuSign, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)