DOCEBO INC (DCBO.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:DCBO • CA25609L1058
26 CAD
-0.87 (-3.24%)
Last: Feb 3, 2026, 07:00 PM
DCBO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 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. DCBO is growing strongly while it also seems undervalued. This is an interesting combination This makes DCBO very considerable for value and growth investing!
1. Profitability
1.1 Basic Checks
- In the past year DCBO was profitable.
- DCBO had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: DCBO reported negative net income in multiple years.
- Of the past 5 years DCBO 4 years had a positive operating cash flow.
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.
- Looking at the Return On Equity, with a value of 49.89%, DCBO belongs to the top of the industry, outperforming 93.94% of the companies in the same industry.
- The Return On Invested Capital of DCBO (29.21%) is better than 96.97% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
- Looking at the Profit Margin, with a value of 9.54%, DCBO is in the better half of the industry, outperforming 75.76% 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.
- The Gross Margin of DCBO (80.80%) is better than 86.36% of its industry peers.
- DCBO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), DCBO is creating value.
- Compared to 1 year ago, DCBO has about the same amount of shares outstanding.
- DCBO has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, DCBO has an improved debt to assets ratio.
2.2 Solvency
- DCBO has an Altman-Z score of 2.84. This is not the best score and indicates that DCBO is in the grey zone with still only limited risk for bankruptcy at the moment.
- DCBO has a better Altman-Z score (2.84) than 60.61% of its industry peers.
- The Debt to FCF ratio of DCBO is 0.10, which is an excellent value as it means it would take DCBO, only 0.10 years of fcf income to pay off 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 Debt to Equity ratio of 0.05. This is in the better half of the industry: DCBO outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.1 | ||
| Altman-Z | 2.84 |
ROIC/WACC2.85
WACC10.24%
2.3 Liquidity
- A Current Ratio of 1.13 indicates that DCBO should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.13, DCBO perfoms like the industry average, outperforming 51.52% of the companies in the same industry.
- DCBO has a Quick Ratio of 1.13. This is a normal value and indicates that DCBO is financially healthy and should not expect problems in meeting its short term obligations.
- The Quick ratio of DCBO (1.13) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
- DCBO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 120.69%, which is quite impressive.
- 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.
- Based on estimates for the next years, DCBO will show a very strong growth in Revenue. The Revenue will grow by 24.94% on average per year.
EPS Next Y52.01%
EPS Next 2Y33.13%
EPS Next 3Y24.83%
EPS Next 5Y27.76%
Revenue Next Year11.86%
Revenue Next 2Y9.62%
Revenue Next 3Y9.58%
Revenue Next 5Y24.94%
3.3 Evolution
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 14.86 indicates a correct valuation of DCBO.
- 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 is valuated rather cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
- DCBO is valuated correctly with a Price/Forward Earnings ratio of 12.49.
- Based on the Price/Forward Earnings ratio, DCBO is valued a bit cheaper than 77.27% of the companies in the same industry.
- DCBO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.86 | ||
| Fwd PE | 12.49 |
4.2 Price Multiples
- DCBO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. DCBO is cheaper than 65.15% of the companies in the same industry.
- 74.24% of the companies in the same industry are more expensive than DCBO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.46 | ||
| EV/EBITDA | 16.54 |
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.
- The decent profitability rating of DCBO may justify a higher PE ratio.
- A more expensive valuation may be justified as DCBO's earnings are expected to grow with 24.83% in the coming years.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y33.13%
EPS Next 3Y24.83%
5. Dividend
5.1 Amount
- No dividends for DCBO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX:DCBO (2/3/2026, 7:00:00 PM)
26
-0.87 (-3.24%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-27 2026-02-27/amc
Inst Owners35.28%
Inst Owner ChangeN/A
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap746.98M
Revenue(TTM)236.69M
Net Income(TTM)22.57M
Analysts80
Price Target38.04 (46.31%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)0%
PT rev (3m)-7.22%
EPS NQ rev (1m)-0.92%
EPS NQ rev (3m)-2.7%
EPS NY rev (1m)0%
EPS NY rev (3m)10.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.86 | ||
| Fwd PE | 12.49 | ||
| P/S | 2.31 | ||
| P/FCF | 19.46 | ||
| P/OCF | 18.73 | ||
| P/B | 12.09 | ||
| P/tB | 18.54 | ||
| EV/EBITDA | 16.54 |
EPS(TTM)1.75
EY6.73%
EPS(NY)2.08
Fwd EY8.01%
FCF(TTM)1.34
FCFY5.14%
OCF(TTM)1.39
OCFY5.34%
SpS11.25
BVpS2.15
TBVpS1.4
PEG (NY)0.29
PEG (5Y)N/A
Graham Number9.2
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.84 |
F-Score7
WACC10.24%
ROIC/WACC2.85
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 Year11.86%
Revenue Next 2Y9.62%
Revenue Next 3Y9.58%
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 5Y33.26%
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 7 / 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.