DOCEBO INC (DCBO.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:DCBO • CA25609L1058

26.09 CAD
-0.02 (-0.08%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Overall DCBO gets a fundamental rating of 6 out of 10. We evaluated DCBO against 67 industry peers in the Software industry. DCBO has an average financial health and profitability rating. An interesting combination arises when we look at growth and value: DCBO is growing strongly while it also seems undervalued. This makes DCBO very considerable 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.
  • 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.
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

  • The Return On Assets of DCBO (13.03%) is better than 91.04% of its industry peers.
  • With an excellent Return On Equity value of 49.89%, DCBO belongs to the best of the industry, outperforming 94.03% of the companies in the same industry.
  • DCBO has a Return On Invested Capital of 29.21%. This is amongst the best in the industry. DCBO outperforms 97.01% of its industry peers.
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

  • DCBO has a better Profit Margin (9.54%) than 79.10% of its industry peers.
  • With a decent Operating Margin value of 10.98%, DCBO is doing good in the industry, outperforming 74.63% of the companies in the same industry.
  • DCBO has a Gross Margin of 80.80%. This is amongst the best in the industry. DCBO outperforms 86.57% of its industry peers.
  • DCBO's Gross Margin has been stable in the last couple of years.
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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6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so DCBO 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 2.84 indicates that DCBO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • DCBO's Altman-Z score of 2.84 is in line compared to the rest of the industry. DCBO outperforms 59.70% 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.
  • The Debt to FCF ratio of DCBO (0.10) is better than 89.55% of its industry peers.
  • 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 67.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.1
Altman-Z 2.84
ROIC/WACC2.82
WACC10.34%
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.
  • Looking at the Current ratio, with a value of 1.13, DCBO is in line with its industry, outperforming 52.24% of the companies in the same industry.
  • A Quick Ratio of 1.13 indicates that DCBO should not have too much problems paying its short term obligations.
  • The Quick ratio of DCBO (1.13) is comparable to the rest of the industry.
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.
  • DCBO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.16%.
  • DCBO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 39.25% yearly.
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

  • 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

7

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.91, which 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 82.09% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of DCBO to the average of the S&P500 Index (27.93), we can say DCBO is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 12.53, which indicates a correct valuation of DCBO.
  • DCBO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. DCBO is cheaper than 77.61% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of DCBO to the average of the S&P500 Index (27.77), we can say DCBO is valued rather cheaply.
Industry RankSector Rank
PE 14.91
Fwd PE 12.53
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

  • 62.69% 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 the industry average as 74.63% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 19.51
EV/EBITDA 16.59
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

  • DCBO's 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.
  • 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%

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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 (2/6/2026, 7:00:00 PM)

26.09

-0.02 (-0.08%)

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 Cap749.57M
Revenue(TTM)236.69M
Net Income(TTM)22.57M
Analysts80
Price Target35.23 (35.03%)
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)-14.08%
EPS NQ rev (1m)1.84%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)8.46%
Revenue NQ rev (1m)0.56%
Revenue NQ rev (3m)1.97%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.6%
Valuation
Industry RankSector Rank
PE 14.91
Fwd PE 12.53
P/S 2.32
P/FCF 19.51
P/OCF 18.78
P/B 12.12
P/tB 18.59
EV/EBITDA 16.59
EPS(TTM)1.75
EY6.71%
EPS(NY)2.08
Fwd EY7.98%
FCF(TTM)1.34
FCFY5.13%
OCF(TTM)1.39
OCFY5.33%
SpS11.26
BVpS2.15
TBVpS1.4
PEG (NY)0.29
PEG (5Y)N/A
Graham Number9.2
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 2.84
F-Score7
WACC10.34%
ROIC/WACC2.82
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.