DOCEBO INC (DCBO.CA) Fundamental Analysis & Valuation

TSX:DCBO • CA25609L1058

Current stock price

24.96 CAD
+0.75 (+3.1%)
Last:

This DCBO.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. DCBO.CA Profitability Analysis

1.1 Basic Checks

  • In the past year DCBO was profitable.
  • DCBO had a positive operating cash flow in the past year.
  • Of the past 5 years DCBO 4 years were profitable.
  • 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 2025 0 10M -10M 20M 30M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 18.15%, DCBO belongs to the top of the industry, outperforming 93.94% of the companies in the same industry.
  • With an excellent Return On Equity value of 50.63%, DCBO belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 25.58%, DCBO belongs to the top of the industry, outperforming 96.97% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for DCBO is in line with the industry average of 13.06%.
  • The 3 year average ROIC (14.68%) for DCBO is below the current ROIC(25.58%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 18.15%
ROE 50.63%
ROIC 25.58%
ROA(3y)11.32%
ROA(5y)6.27%
ROE(3y)34.17%
ROE(5y)19.81%
ROIC(3y)14.68%
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 2025 0 100 200

1.3 Margins

  • With an excellent Profit Margin value of 15.46%, DCBO belongs to the best of the industry, outperforming 86.36% of the companies in the same industry.
  • In the last couple of years the Profit Margin of DCBO has grown nicely.
  • Looking at the Operating Margin, with a value of 12.13%, DCBO is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
  • DCBO's Gross Margin of 80.42% is amongst the best of the industry. DCBO outperforms 83.33% of its industry peers.
  • DCBO's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 12.13%
PM (TTM) 15.46%
GM 80.42%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y46.55%
PM growth 5YN/A
GM growth 3Y0%
GM growth 5Y-0.34%
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 2025 0 20 -20 40 -40 60 80

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8

2. DCBO.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so DCBO is creating value.
  • The number of shares outstanding for DCBO has been reduced compared to 1 year ago.
  • The number of shares outstanding for DCBO has been reduced compared to 5 years ago.
  • The debt/assets ratio for DCBO is higher compared to a year ago.
DCBO.CA Yearly Shares OutstandingDCBO.CA Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 50M 100M 150M 200M 250M

2.2 Solvency

  • DCBO has an Altman-Z score of 2.63. 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.
  • With a decent Altman-Z score value of 2.63, DCBO is doing good in the industry, outperforming 65.15% of the companies in the same industry.
  • DCBO has a debt to FCF ratio of 0.09. This is a very positive value and a sign of high solvency as it would only need 0.09 years to pay back of all of its debts.
  • DCBO has a Debt to FCF ratio of 0.09. This is amongst the best in the industry. DCBO outperforms 90.91% of its industry peers.
  • A Debt/Equity ratio of 0.03 indicates that DCBO is not too dependend on debt financing.
  • DCBO has a Debt to Equity ratio of 0.03. This is in the better half of the industry: DCBO outperforms 75.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.09
Altman-Z 2.63
ROIC/WACC2.63
WACC9.74%
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 2025 0 50M 100M 150M 200M

2.3 Liquidity

  • A Current Ratio of 1.22 indicates that DCBO should not have too much problems paying its short term obligations.
  • DCBO has a Current ratio (1.22) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.22 indicates that DCBO should not have too much problems paying its short term obligations.
  • The Quick ratio of DCBO (1.22) is comparable to the rest of the industry.
  • The current and quick ratio evaluation for DCBO is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.22
Quick Ratio 1.22
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 2025 50M 100M 150M 200M 250M

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

9

3. DCBO.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 56.98% over the past year.
  • Measured over the past years, DCBO shows a very strong growth in Earnings Per Share. The EPS has been growing by 88.99% on average per year.
  • The Revenue has grown by 11.87% in the past year. This is quite good.
  • The Revenue has been growing by 30.99% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)56.98%
EPS 3Y88.99%
EPS 5YN/A
EPS Q2Q%18.42%
Revenue 1Y (TTM)11.87%
Revenue growth 3Y19.31%
Revenue growth 5Y30.99%
Sales Q2Q%10.51%

3.2 Future

  • DCBO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.29% yearly.
  • The Revenue is expected to grow by 26.95% on average over the next years. This is a very strong growth
EPS Next Y21%
EPS Next 2Y18.55%
EPS Next 3Y20.92%
EPS Next 5Y22.29%
Revenue Next Year10.97%
Revenue Next 2Y11.2%
Revenue Next 3Y11.56%
Revenue Next 5Y26.95%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last 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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8

4. DCBO.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.49, 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 86.36% 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 27.42.
  • DCBO is valuated reasonably with a Price/Forward Earnings ratio of 11.18.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of DCBO indicates a rather cheap valuation: DCBO is cheaper than 81.82% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.24, DCBO is valued a bit cheaper.
Industry RankSector Rank
PE 13.49
Fwd PE 11.18
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

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DCBO is valued a bit cheaper than 69.70% of the companies in the same industry.
  • 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 17.34
EV/EBITDA 11.83
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.
  • The excellent 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 20.92% in the coming years.
PEG (NY)0.64
PEG (5Y)N/A
EPS Next 2Y18.55%
EPS Next 3Y20.92%

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

0

5. DCBO.CA Dividend Analysis

5.1 Amount

  • DCBO does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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DCBO.CA Fundamentals: All Metrics, Ratios and Statistics

DOCEBO INC

TSX:DCBO (4/24/2026, 7:00:00 PM)

24.96

+0.75 (+3.1%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-27
Earnings (Next)05-08
Inst Owners36.6%
Inst Owner ChangeN/A
Ins Owners0.46%
Ins Owner ChangeN/A
Market Cap644.47M
Revenue(TTM)242.69M
Net Income(TTM)37.51M
Analysts80
Price Target29.88 (19.71%)
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)11.78%
Min EPS beat(2)1.01%
Max EPS beat(2)22.55%
EPS beat(4)4
Avg EPS beat(4)19.42%
Min EPS beat(4)1.01%
Max EPS beat(4)28.07%
EPS beat(8)7
Avg EPS beat(8)27.59%
EPS beat(12)10
Avg EPS beat(12)11.91%
EPS beat(16)13
Avg EPS beat(16)101.18%
Revenue beat(2)0
Avg Revenue beat(2)-0.99%
Min Revenue beat(2)-1.11%
Max Revenue beat(2)-0.86%
Revenue beat(4)1
Avg Revenue beat(4)-0.56%
Min Revenue beat(4)-1.61%
Max Revenue beat(4)1.34%
Revenue beat(8)2
Avg Revenue beat(8)-0.54%
Revenue beat(12)2
Avg Revenue beat(12)-0.68%
Revenue beat(16)2
Avg Revenue beat(16)-0.99%
PT rev (1m)-14.77%
PT rev (3m)-21.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.08%
EPS NY rev (1m)1.76%
EPS NY rev (3m)7.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.06%
Revenue NY rev (1m)0.32%
Revenue NY rev (3m)3.42%
Valuation
Industry RankSector Rank
PE 13.49
Fwd PE 11.18
P/S 1.94
P/FCF 17.34
P/OCF 16.73
P/B 6.36
P/tB 8.06
EV/EBITDA 11.83
EPS(TTM)1.85
EY7.41%
EPS(NY)2.23
Fwd EY8.95%
FCF(TTM)1.44
FCFY5.77%
OCF(TTM)1.49
OCFY5.98%
SpS12.85
BVpS3.92
TBVpS3.1
PEG (NY)0.64
PEG (5Y)N/A
Graham Number12.7782 (-48.81%)
Profitability
Industry RankSector Rank
ROA 18.15%
ROE 50.63%
ROCE 35.53%
ROIC 25.58%
ROICexc 240.52%
ROICexgc N/A
OM 12.13%
PM (TTM) 15.46%
GM 80.42%
FCFM 11.2%
ROA(3y)11.32%
ROA(5y)6.27%
ROE(3y)34.17%
ROE(5y)19.81%
ROIC(3y)14.68%
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)20.39%
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 3Y46.55%
PM growth 5YN/A
GM growth 3Y0%
GM growth 5Y-0.34%
F-Score6
Asset Turnover1.17
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.09
Debt/EBITDA 0.06
Cap/Depr 30.79%
Cap/Sales 0.4%
Interest Coverage 250
Cash Conversion 86.37%
Profit Quality 72.49%
Current Ratio 1.22
Quick Ratio 1.22
Altman-Z 2.63
F-Score6
WACC9.74%
ROIC/WACC2.63
Cap/Depr(3y)29.27%
Cap/Depr(5y)38.17%
Cap/Sales(3y)0.44%
Cap/Sales(5y)0.64%
Profit Quality(3y)239%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)56.98%
EPS 3Y88.99%
EPS 5YN/A
EPS Q2Q%18.42%
EPS Next Y21%
EPS Next 2Y18.55%
EPS Next 3Y20.92%
EPS Next 5Y22.29%
Revenue 1Y (TTM)11.87%
Revenue growth 3Y19.31%
Revenue growth 5Y30.99%
Sales Q2Q%10.51%
Revenue Next Year10.97%
Revenue Next 2Y11.2%
Revenue Next 3Y11.56%
Revenue Next 5Y26.95%
EBIT growth 1Y55.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year118.76%
EBIT Next 3Y44.38%
EBIT Next 5Y27.18%
FCF growth 1Y-2.9%
FCF growth 3Y182.43%
FCF growth 5Y48.94%
OCF growth 1Y-3.68%
OCF growth 3Y130.92%
OCF growth 5Y40.42%

DOCEBO INC / DCBO.CA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for DOCEBO INC?

ChartMill assigns a fundamental rating of 8 / 10 to DCBO.CA.


What is the valuation status for DCBO stock?

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


What is the profitability of DCBO stock?

DOCEBO INC (DCBO.CA) has a profitability rating of 8 / 10.


What is the financial health of DOCEBO INC (DCBO.CA) stock?

The financial health rating of DOCEBO INC (DCBO.CA) is 8 / 10.


What is the earnings growth outlook for DOCEBO INC?

The Earnings per Share (EPS) of DOCEBO INC (DCBO.CA) is expected to grow by 21% in the next year.