Should you buy DocuSign stock? (December 2023)

Never miss another post: https://www.3minutebreakdowns.com DocuSign stock analysis. Ticker: $DOCU Docusign stock is down more than 80% since the pandemic but shares may have hit bottom. They’re up 47% since the beginning of November after the company posted better than expected earnings. At the latest share price, the company has a market cap of 11.7 billion dollars. Account for cash, debt and investments and the enterprise value is 10.7 billion. Revenue over the last 12 months has grown 11% to 2.7 billion and net income is positive at 52 million. At 14 times free cash flow, the stock looks extremely reasonable. However, 80% of that free cash flow comes from stock-based compensation, which is excluded from free cash flow as it’s a non-cash expense. Adjust for that and DocuSign is really trading at 70 times free cash flow. #stocks #investing #docustock #stockstowatch