DocuSign, Inc (DOCU) – Slow growth but intense competition

DocuSign, Inc (DOCU) (Q1FY24)

Introduction

DocuSign, Inc. provides electronic signature solutions in the United States and internationally. The company provides DocuSign e-signature solution that enables the sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.

It also provides Identity, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; and Monitor which uses advanced analytics to track DocuSign eSignature web, mobile, and API accounts.

In addition, the company offers Rooms for Real Estate that provides a way for brokers and agents to manage the entire real estate transaction digitally; DocuSign Federal and DocuSign CLM are FedRAMP, an authorized version of DocuSign eSignature for U.S. federal government agencies; and life sciences modules that support compliance with the electronic signature practices. The company sells its products through direct and partner-assisted sales, and web-based self-service purchasing.

Highlights

The international revenue represented 25% of the total revenue in Q1FY24. International
revenue grew 17% Y/Y and reached $168mn for Q1FY24.

Stock performance

DocuSign stock price declined by 16.77% in the past 1-year. The stock has a 52-week high of $69.45 and its 52-week low is $39.57. The stock price showed a downtrend in the past 3-month period and gave 12.20% returns due to the slow growth and overall market volatility.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 32

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