DocuSign, Inc. (DOCU) DCF Valuation
Transparent DCF models put DocuSign, Inc. (DOCU)'s fair value in a range of $72.53 – $82.55 — the low end is TGM's conservative base case (5% FCF growth, 10% discount), the high end the analyst consensus (FMP). Today's price of $45.07 sits below that range — by these conservative assumptions it screens as potentially undervalued.
Reverse DCF: at today's $45.07, the market is pricing in roughly -2.0%/yr free-cash-flow growth over the next decade (at a 10% required return) — versus its actual 5-year FCF CAGR of +29.7%. The price assumes a slowdown from its track record — a potential value signal if growth holds.
Current Price
$45.07
Fair-Value Range
$72.53 – $82.55
Market-Implied Growth
-2.0%/yr
vs +29.7% 5Y actual
DOCU DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Illustrative model — not investment advice. Defaults to a conservative base case; the analyst (FMP) DCF, where available, is shown as a reference below.
Base inputs: FCF $823.8M · 0.19B shares · net cash $585.8M
Estimated Fair Value
$72.53
+60.9% vs $45.07
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 5.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $45.07; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.0% | $89.40 | $93.83 | $99.06 | $105 | $113 |
| 9.0% | $77.21 | $80.24 | $83.74 | $87.81 | $92.63 |
| 10.0% | $67.93 | $70.09 | $72.53 | $75.32 | $78.53 |
| 11.0% | $60.63 | $62.21 | $63.98 | $65.96 | $68.21 |
| 12.0% | $54.75 | $55.94 | $57.25 | $58.71 | $60.33 |