Docusign Inc. (DOCU) vs Manhattan Associates, Inc. (MANH)

Docusign Inc. and Manhattan Associates, Inc. are both Software Application companies. Docusign Inc. and Manhattan Associates, Inc. are of similar size ($12.8B and $12.2B). Docusign Inc. trades at the lower P/E: 40.4× against 58.4×. Docusign Inc. grew revenue faster over the last twelve months: 8.59% against 6.48%. Manhattan Associates, Inc. has the higher net margin (18.7% vs 9.82%) and the lower return on invested capital (0.00% vs 26.7%). Across the 21 metrics below, Docusign Inc. leads on 14 and Manhattan Associates, Inc. on 7.

Valuation

Metric DOCU MANH Software Application median
P/E 40.42 58.37 24.79
P/S 3.84 10.75 2.67
P/B 7.51 76.86 3.01
Price to free cash flow 10.77 30.33 16.59
EV/EBITDA 15.35 42.47 14.40
EV/Sales 3.65 10.58 2.62
Earnings yield 2.47% 1.71% 0.00%
Free cash flow yield 9.28% 3.30% 1.91%

Profitability

Metric DOCU MANH Software Application median
Gross margin 79.49% 55.81% 67.03%
Operating margin 11.96% 24.33% 0.00%
Net margin 9.82% 18.67% 0.00%
Free cash flow margin 35.65% 35.45% 4.32%
Return on equity 17.80% 96.38% 0.00%
Return on assets 8.34% 29.13% 0.00%
Return on invested capital 26.71% 0.00% 0.00%

Growth

Metric DOCU MANH Software Application median
Revenue growth (TTM) 8.59% 6.48% 12.40%
EPS growth (last fiscal year) (70.87%) 2.56% —
Revenue growth, 5-year CAGR 17.25% 13.02% 13.72%
Net income growth, 5-year CAGR 0.00% 20.32% 0.00%

Health

Metric DOCU MANH Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 0.64 0.98 1.55
Net debt to EBITDA (1.26) (1.15) 0.06

Dividend

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

Size

Metric DOCU MANH Software Application median
Market cap 12.83b 12.22b 396.11m

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