Docusign Inc. (DOCU) vs Grab Holdings Limited (GRAB)

Docusign Inc. and Grab Holdings Limited are both Software Application companies. Docusign Inc. and Grab Holdings Limited are of similar size ($12.8B and $12.8B). Grab Holdings Limited trades at the lower P/E: 22.4× against 40.4×. Grab Holdings Limited grew revenue faster over the last twelve months: 21.4% against 8.59%. Grab Holdings Limited has the higher net margin (16.0% vs 9.82%) and the lower return on invested capital (2.55% vs 26.7%). Across the 20 metrics below, Grab Holdings Limited leads on 11 and Docusign Inc. on 9.

Valuation

Metric DOCU GRAB Software Application median
P/E 40.42 22.36 24.79
P/S 3.84 3.43 2.67
P/B 7.51 1.78 3.01
Price to free cash flow 10.77 n/m 16.59
EV/EBITDA 15.35 26.21 14.40
EV/Sales 3.65 2.28 2.62
Earnings yield 2.47% 4.47% 0.00%
Free cash flow yield 9.28% (1.32%) 1.91%

Profitability

Metric DOCU GRAB Software Application median
Gross margin 79.49% 43.62% 67.03%
Operating margin 11.96% 3.22% 0.00%
Net margin 9.82% 16.01% 0.00%
Free cash flow margin 35.65% (4.53%) 4.32%
Return on equity 17.80% 8.80% 0.00%
Return on assets 8.34% 4.86% 0.00%
Return on invested capital 26.71% 2.55% 0.00%

Growth

Metric DOCU GRAB Software Application median
Revenue growth (TTM) 8.59% 21.42% 12.40%
EPS growth (last fiscal year) (70.87%) 300.00% —
Revenue growth, 5-year CAGR 17.25% 48.35% 13.72%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DOCU GRAB Software Application median
Debt to equity 0.00 0.28 0.02
Current ratio 0.64 1.52 1.55
Net debt to EBITDA (1.26) (19.63) 0.06

Dividend

Metric DOCU GRAB Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric DOCU GRAB Software Application median
Market cap 12.83b 12.77b 396.11m

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