DOCEBO INC (DCBO.CA) Stock Fundamental Analysis

TSX:DCBO • CA25609L1058

22.6 CAD
-0.87 (-3.71%)
Last: Feb 23, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Taking everything into account, DCBO scores 6 out of 10 in our fundamental rating. DCBO was compared to 66 industry peers in the Software industry. Both the profitability and the financial health of DCBO get a neutral evaluation. Nothing too spectacular is happening here. An interesting combination arises when we look at growth and value: DCBO is growing strongly while it also seems undervalued. These ratings would make DCBO suitable for value and growth investing!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • DCBO had positive earnings in the past year.
  • DCBO had a positive operating cash flow in the past year.
  • In multiple years DCBO reported negative net income over the last 5 years.
  • DCBO had a positive operating cash flow in 4 of the past 5 years.
DCBO.CA Yearly Net Income VS EBIT VS OCF VS FCFDCBO.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M

1.2 Ratios

  • With an excellent Return On Assets value of 13.03%, DCBO belongs to the best of the industry, outperforming 92.42% of the companies in the same industry.
  • DCBO's Return On Equity of 49.89% is amongst the best of the industry. DCBO outperforms 93.94% of its industry peers.
  • With an excellent Return On Invested Capital value of 29.21%, DCBO belongs to the best of the industry, outperforming 96.97% of the companies in the same industry.
Industry RankSector Rank
ROA 13.03%
ROE 49.89%
ROIC 29.21%
ROA(3y)6.1%
ROA(5y)2.04%
ROE(3y)18.51%
ROE(5y)8.92%
ROIC(3y)N/A
ROIC(5y)N/A
DCBO.CA Yearly ROA, ROE, ROICDCBO.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 150

1.3 Margins

  • Looking at the Profit Margin, with a value of 9.54%, DCBO is in the better half of the industry, outperforming 78.79% of the companies in the same industry.
  • DCBO's Operating Margin of 10.98% is fine compared to the rest of the industry. DCBO outperforms 74.24% of its industry peers.
  • DCBO has a better Gross Margin (80.80%) than 84.85% of its industry peers.
  • In the last couple of years the Gross Margin of DCBO has remained more or less at the same level.
Industry RankSector Rank
OM 10.98%
PM (TTM) 9.54%
GM 80.8%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.38%
GM growth 5Y0.22%
DCBO.CA Yearly Profit, Operating, Gross MarginsDCBO.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • DCBO has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, DCBO has about the same amount of shares outstanding.
  • The number of shares outstanding for DCBO has been increased compared to 5 years ago.
  • The debt/assets ratio for DCBO has been reduced compared to a year ago.
DCBO.CA Yearly Shares OutstandingDCBO.CA Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
DCBO.CA Yearly Total Debt VS Total AssetsDCBO.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.2 Solvency

  • An Altman-Z score of 2.50 indicates that DCBO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of DCBO (2.50) is better than 62.12% of its industry peers.
  • DCBO has a debt to FCF ratio of 0.10. This is a very positive value and a sign of high solvency as it would only need 0.10 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.10, DCBO belongs to the top of the industry, outperforming 89.39% of the companies in the same industry.
  • DCBO has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
  • DCBO has a better Debt to Equity ratio (0.05) than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.1
Altman-Z 2.5
ROIC/WACC2.83
WACC10.33%
DCBO.CA Yearly LT Debt VS Equity VS FCFDCBO.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M

2.3 Liquidity

  • A Current Ratio of 1.13 indicates that DCBO should not have too much problems paying its short term obligations.
  • DCBO's Current ratio of 1.13 is in line compared to the rest of the industry. DCBO outperforms 53.03% of its industry peers.
  • A Quick Ratio of 1.13 indicates that DCBO should not have too much problems paying its short term obligations.
  • DCBO has a Quick ratio (1.13) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.13
Quick Ratio 1.13
DCBO.CA Yearly Current Assets VS Current LiabilitesDCBO.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 120.69% over the past year.
  • Looking at the last year, DCBO shows a quite strong growth in Revenue. The Revenue has grown by 13.16% in the last year.
  • The Revenue has been growing by 39.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)120.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%112.5%
Revenue 1Y (TTM)13.16%
Revenue growth 3Y27.67%
Revenue growth 5Y39.25%
Sales Q2Q%11.16%

3.2 Future

  • DCBO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.76% yearly.
  • The Revenue is expected to grow by 24.94% on average over the next years. This is a very strong growth
EPS Next Y52.01%
EPS Next 2Y33.13%
EPS Next 3Y24.83%
EPS Next 5Y27.76%
Revenue Next Year12.02%
Revenue Next 2Y10.91%
Revenue Next 3Y11.64%
Revenue Next 5Y24.94%

3.3 Evolution

  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
DCBO.CA Yearly Revenue VS EstimatesDCBO.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M
DCBO.CA Yearly EPS VS EstimatesDCBO.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3

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Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.91, the valuation of DCBO can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of DCBO indicates a rather cheap valuation: DCBO is cheaper than 83.33% of the companies listed in the same industry.
  • DCBO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.64.
  • The Price/Forward Earnings ratio is 10.83, which indicates a very decent valuation of DCBO.
  • Based on the Price/Forward Earnings ratio, DCBO is valued cheaper than 80.30% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of DCBO to the average of the S&P500 Index (27.75), we can say DCBO is valued rather cheaply.
Industry RankSector Rank
PE 12.91
Fwd PE 10.83
DCBO.CA Price Earnings VS Forward Price EarningsDCBO.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 66.67% of the companies in the same industry are more expensive than DCBO, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, DCBO is valued a bit cheaper than 75.76% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.88
EV/EBITDA 14.07
DCBO.CA Per share dataDCBO.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • DCBO has a very decent profitability rating, which may justify a higher PE ratio.
  • DCBO's earnings are expected to grow with 24.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y33.13%
EPS Next 3Y24.83%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for DCBO!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

DOCEBO INC

TSX:DCBO (2/23/2026, 7:00:00 PM)

22.6

-0.87 (-3.71%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-07
Earnings (Next)02-27
Inst Owners35.28%
Inst Owner ChangeN/A
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap649.75M
Revenue(TTM)236.69M
Net Income(TTM)22.57M
Analysts80
Price Target35.23 (55.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.54%
Min EPS beat(2)1.01%
Max EPS beat(2)28.07%
EPS beat(4)4
Avg EPS beat(4)48.23%
Min EPS beat(4)1.01%
Max EPS beat(4)137.79%
EPS beat(8)7
Avg EPS beat(8)24.84%
EPS beat(12)10
Avg EPS beat(12)79.61%
EPS beat(16)13
Avg EPS beat(16)103.19%
Revenue beat(2)1
Avg Revenue beat(2)0.24%
Min Revenue beat(2)-0.86%
Max Revenue beat(2)1.34%
Revenue beat(4)1
Avg Revenue beat(4)-0.41%
Min Revenue beat(4)-1.61%
Max Revenue beat(4)1.34%
Revenue beat(8)2
Avg Revenue beat(8)-0.43%
Revenue beat(12)2
Avg Revenue beat(12)-0.67%
Revenue beat(16)2
Avg Revenue beat(16)-0.97%
PT rev (1m)-7.4%
PT rev (3m)-7.4%
EPS NQ rev (1m)3.24%
EPS NQ rev (3m)3.24%
EPS NY rev (1m)0%
EPS NY rev (3m)8.46%
Revenue NQ rev (1m)0.82%
Revenue NQ rev (3m)1.19%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)0.74%
Valuation
Industry RankSector Rank
PE 12.91
Fwd PE 10.83
P/S 2.01
P/FCF 16.88
P/OCF 16.25
P/B 10.49
P/tB 16.08
EV/EBITDA 14.07
EPS(TTM)1.75
EY7.74%
EPS(NY)2.09
Fwd EY9.23%
FCF(TTM)1.34
FCFY5.92%
OCF(TTM)1.39
OCFY6.15%
SpS11.27
BVpS2.15
TBVpS1.41
PEG (NY)0.25
PEG (5Y)N/A
Graham Number9.21
Profitability
Industry RankSector Rank
ROA 13.03%
ROE 49.89%
ROCE 49.84%
ROIC 29.21%
ROICexc N/A
ROICexgc N/A
OM 10.98%
PM (TTM) 9.54%
GM 80.8%
FCFM 11.88%
ROA(3y)6.1%
ROA(5y)2.04%
ROE(3y)18.51%
ROE(5y)8.92%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.38%
GM growth 5Y0.22%
F-Score7
Asset Turnover1.37
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.1
Debt/EBITDA 0.07
Cap/Depr 33.69%
Cap/Sales 0.46%
Interest Coverage 250
Cash Conversion 99.87%
Profit Quality 124.57%
Current Ratio 1.13
Quick Ratio 1.13
Altman-Z 2.5
F-Score7
WACC10.33%
ROIC/WACC2.83
Cap/Depr(3y)34.45%
Cap/Depr(5y)55.59%
Cap/Sales(3y)0.56%
Cap/Sales(5y)1.02%
Profit Quality(3y)220.57%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)120.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%112.5%
EPS Next Y52.01%
EPS Next 2Y33.13%
EPS Next 3Y24.83%
EPS Next 5Y27.76%
Revenue 1Y (TTM)13.16%
Revenue growth 3Y27.67%
Revenue growth 5Y39.25%
Sales Q2Q%11.16%
Revenue Next Year12.02%
Revenue Next 2Y10.91%
Revenue Next 3Y11.64%
Revenue Next 5Y24.94%
EBIT growth 1Y52.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year131.07%
EBIT Next 3Y46.26%
EBIT Next 5Y31.35%
FCF growth 1Y153.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y150.06%
OCF growth 3YN/A
OCF growth 5YN/A

DOCEBO INC / DCBO.CA FAQ

Can you provide the ChartMill fundamental rating for DOCEBO INC?

ChartMill assigns a fundamental rating of 6 / 10 to DCBO.CA.


What is the valuation status of DOCEBO INC (DCBO.CA) stock?

ChartMill assigns a valuation rating of 8 / 10 to DOCEBO INC (DCBO.CA). This can be considered as Undervalued.


How profitable is DOCEBO INC (DCBO.CA) stock?

DOCEBO INC (DCBO.CA) has a profitability rating of 6 / 10.


How financially healthy is DOCEBO INC?

The financial health rating of DOCEBO INC (DCBO.CA) is 6 / 10.