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.
1. DCBO.CA Profitability Analysis
1.1 Basic Checks
- In the past year DCBO was profitable.
- In the past year DCBO had a positive cash flow from operations.
- Of the past 5 years DCBO 4 years were profitable.
- DCBO had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- DCBO's Return On Assets of 18.15% is amongst the best of the industry. DCBO outperforms 92.75% of its industry peers.
- DCBO has a Return On Equity of 50.63%. This is amongst the best in the industry. DCBO outperforms 95.65% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 25.58%, DCBO belongs to the top of the industry, outperforming 97.10% of the companies in the same industry.
- DCBO had an Average Return On Invested Capital over the past 3 years of 14.68%. This is in line with the industry average of 12.70%.
- The 3 year average ROIC (14.68%) for DCBO is below the current ROIC(25.58%), indicating increased profibility in the last year.
| Industry Rank | Sector 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
1.3 Margins
- DCBO has a Profit Margin of 15.46%. This is amongst the best in the industry. DCBO outperforms 86.96% of its industry peers.
- In the last couple of years the Profit Margin of DCBO has grown nicely.
- DCBO has a Operating Margin of 12.13%. This is in the better half of the industry: DCBO outperforms 75.36% of its industry peers.
- DCBO has a better Gross Margin (80.42%) than 84.06% 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 Rank | Sector 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%
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.
- DCBO has less shares outstanding than it did 1 year ago.
- DCBO has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, DCBO has a worse debt to assets ratio.
2.2 Solvency
- DCBO has an Altman-Z score of 2.69. 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 2.69, DCBO is doing good in the industry, outperforming 65.22% 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's Debt to FCF ratio of 0.09 is amongst the best of the industry. DCBO outperforms 91.30% of its industry peers.
- DCBO has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
- DCBO's Debt to Equity ratio of 0.03 is fine compared to the rest of the industry. DCBO outperforms 75.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.09 | ||
| Altman-Z | 2.69 |
ROIC/WACC2.57
WACC9.96%
2.3 Liquidity
- A Current Ratio of 1.22 indicates that DCBO should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.22, DCBO perfoms like the industry average, outperforming 55.07% of the companies in the same industry.
- A Quick Ratio of 1.22 indicates that DCBO should not have too much problems paying its short term obligations.
- DCBO has a Quick ratio (1.22) which is comparable to the rest of the industry.
- DCBO does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.22 |
3. DCBO.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 56.98% over the past year.
- The Earnings Per Share has been growing by 88.99% on average over the past years. This is a very strong growth
- Looking at the last year, DCBO shows a quite strong growth in Revenue. The Revenue has grown by 11.87% in the last year.
- 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
- Based on estimates for the next years, DCBO will show a very strong growth in Earnings Per Share. The EPS will grow by 22.29% on average per year.
- DCBO is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 26.95% yearly.
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
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. DCBO.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 13.49 indicates a correct valuation of DCBO.
- 84.06% of the companies in the same industry are more expensive than DCBO, based on the Price/Earnings ratio.
- DCBO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.42.
- With a Price/Forward Earnings ratio of 11.17, the valuation of DCBO can be described as very reasonable.
- Based on the Price/Forward Earnings ratio, DCBO is valued cheaper than 81.16% of the companies in the same industry.
- DCBO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.49 | ||
| Fwd PE | 11.17 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DCBO indicates a somewhat cheap valuation: DCBO is cheaper than 66.67% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, DCBO is valued a bit cheaper than 76.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.32 | ||
| EV/EBITDA | 12.25 |
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.
- 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%
5. DCBO.CA Dividend Analysis
5.1 Amount
- No dividends for DCBO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
DCBO.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:DCBO (4/24/2026, 7:00:00 PM)
24.96
+0.75 (+3.1%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-27 2026-02-27/bmo
Earnings (Next)05-08 2026-05-08
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 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)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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.49 | ||
| Fwd PE | 11.17 | ||
| P/S | 1.94 | ||
| P/FCF | 17.32 | ||
| P/OCF | 16.72 | ||
| P/B | 6.36 | ||
| P/tB | 8.05 | ||
| EV/EBITDA | 12.25 |
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%
SpS12.86
BVpS3.93
TBVpS3.1
PEG (NY)0.64
PEG (5Y)N/A
Graham Number12.7832 (-48.79%)
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.69 |
F-Score6
WACC9.96%
ROIC/WACC2.57
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.