DOCU - Embedded Expectations Analysis - 2020 08 19
DocuSign, Inc. (DOCU:USA) currently trades at historical highs relative to UAFRS-based (Uniform) earnings, with a 330.3x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may have concerns about adoption delays, costs, and DocuSign GenSpecifically, management may have concerns about the sustainability of customer demand, rising days billing outstanding, and the potential of DocuSign Gen. Furthermore, they may lack confidence in their ability to continue reducing overall expenses, secure more one-time projects, and sustain gross margins. They may also have concerns about delays in adoption due to the perception that docusign isn't legal in various markets, continued travel industry headwinds, and their video identification capabilities
DocuSign provides e-signature solution as the main part of its cloud software suite for automating the agreement process. The company calls its suite the DocuSign Agreement Cloud. The DocuSign Agreement Cloud is designed to allow companies of various sizes and across various industries to make agreement, approval process, or transaction digital, from practically any device, from almost anywhere in the world.
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