Doximity, Inc.

Technology
EDP Services
www.doximity.com

Earnings Score
Moat Score

Market Cap $10.71B
PE 53
Debt -
Cash $165.27M
EV -
FCF $238.72M

Earnings

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Sales & Net Margins

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Earnings	$201.35M
EBIT	$253.13M
ROE	20%
ROA	22%
FCF	$238.72M
Equity	$1.03B
Growth Stability	100%
PE	53.22
PEG	1.11
PB	10.39
P/FCF	44.88
P/S	19.48
Price/Cash	0.02
Net Margins	37%
Gross Margins	90%
Op. Margins	46%
Earnings CAGR	48%
Sales Growth YoY	25%
Sales Growth QoQ	23%
Sales CAGR	25%
FCF CAGR	24%
Equity CAGR	186%
Earnings Stability	-0.12
Earnings Growth YoY	57%

Earnings Growth QoQ	70%
Earnings CAGR 5Y	48%
Sales CAGR 5Y	25%
FCF CAGR 5Y	24%
Equity CAGR 5Y	186%
Earnings CAGR 3Y	17%
Sales CAGR 3Y	17%
FCF CAGR 3Y	18%
Equity CAGR 3Y	3%
Market Cap	$10.71B
Revenue	$550.17M
Assets	$1.17B
Cash	$165.27M
Shares Outstanding	186.34M
Earnings Score	6%
Moat Score	97%
Working Capital	896.82M
Current Ratio	8.74
Gross Profit	$496.19M
Shares Growth 3y	1%
Equity Growth QoQ	7%
Equity Growth YoY	19%

Assets & ROA

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Stockholders Equity & ROE

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Doximity Inc is a digital platform for U.S. medical professionals. Its cloud-based platform provides members with tools specifically built for medical professionals, enabling them to collaborate with their colleagues, securely coordinate patient care, conduct virtual patient visits, stay up-to-date with the latest medical news and research, and manage their careers.

SEC Filings

Direct access to Doximity, Inc. (DOCS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31
2023
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31
2022
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31

Sector Comparison

How does Doximity, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Doximity, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 48%

Stability -12%

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Doximity, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Doximity, Inc..

Years

Calculation mode

= $13B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$239M	$297M	$369M	$459M	$570M	$709M	$882M	$1.1B	$1.4B	$1.7B	$2.1B	$21B
DCF		$270M	$305M	$345M	$390M	$440M	$498M	$562M	$636M	$718M	$812M	$8.1B
Value	$13B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Net Margins	9%	10%	39%	27%	31%	37%
ROA	-	23%	11%	12%	17%	22%
ROE	-	32%	15%	12%	16%	20%

Good Net Margins (37.2%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Debt over FCF	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	03/2020	03/2021	03/2022	03/2023	03/2024	CAGR 5Y
Revenue YoY growth	-	78%	66%	22%	13%	25%
Earnings YoY growth	-	99%	518%	-15%	31%	48%
Equity YoY growth	-	6K%	1K%	10%	-7%	186%
FCF YoY growth	-	219%	51%	43%	3%	24%