DOCEBO INC (DCBO.CA) Fundamental Analysis & Valuation

TSX:DCBO • CA25609L1058

Current stock price

26.89 CAD
+0.27 (+1.01%)
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.
  • In the past year DCBO had a positive cash flow from operations.
  • Of the past 5 years DCBO 4 years were profitable.
  • 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 2025 0 10M -10M 20M 30M

1.2 Ratios

  • DCBO has a Return On Assets of 18.15%. This is amongst the best in the industry. DCBO outperforms 94.03% of its industry peers.
  • DCBO has a Return On Equity of 50.63%. This is amongst the best in the industry. DCBO outperforms 95.52% of its industry peers.
  • With an excellent Return On Invested Capital value of 25.58%, DCBO belongs to the best of the industry, outperforming 97.01% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for DCBO is above the industry average of 12.43%.
  • The last Return On Invested Capital (25.58%) for DCBO is above the 3 year average (14.68%), which is a sign of increasing profitability.
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

  • DCBO's Profit Margin of 15.46% is amongst the best of the industry. DCBO outperforms 86.57% of its industry peers.
  • DCBO's Profit Margin has improved in the last couple of years.
  • DCBO's Operating Margin of 12.13% is fine compared to the rest of the industry. DCBO outperforms 73.13% of its industry peers.
  • DCBO's Gross Margin of 80.42% is amongst the best of the industry. DCBO outperforms 83.58% 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 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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • DCBO has less shares outstanding than it did 5 years ago.
  • DCBO has a worse debt/assets ratio than last year.
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

  • An Altman-Z score of 3.11 indicates that DCBO is not in any danger for bankruptcy at the moment.
  • DCBO has a better Altman-Z score (3.11) than 68.66% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 0.09, DCBO belongs to the top of the industry, outperforming 91.04% of the companies in the same industry.
  • A Debt/Equity ratio of 0.03 indicates that DCBO is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.03, DCBO is in the better half of the industry, outperforming 71.64% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.09
Altman-Z 3.11
ROIC/WACC2.59
WACC9.89%
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.
  • The Current ratio of DCBO (1.22) is comparable to the rest of the industry.
  • DCBO has a Quick Ratio of 1.22. This is a normal value and indicates that DCBO is financially healthy and should not expect problems in meeting its short term obligations.
  • DCBO's Quick ratio of 1.22 is in line compared to the rest of the industry. DCBO outperforms 55.22% of its industry peers.
  • 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

  • DCBO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 56.98%, which is quite impressive.
  • 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

  • The Earnings Per Share is expected to grow by 22.29% on average over the next years. This is a very strong growth
  • DCBO is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 26.95% yearly.
EPS Next Y18.91%
EPS Next 2Y18.91%
EPS Next 3Y20.92%
EPS Next 5Y22.29%
Revenue Next Year10.62%
Revenue Next 2Y11.22%
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.
  • 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.
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. DCBO.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.54, the valuation of DCBO can be described as correct.
  • 83.58% 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 valuation a bit cheaper than the S&P500 average which is at 25.54.
  • Based on the Price/Forward Earnings ratio of 12.22, the valuation of DCBO can be described as correct.
  • 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.
  • DCBO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.70.
Industry RankSector Rank
PE 14.54
Fwd PE 12.22
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 the industry average as 62.69% of the companies are valued more expensively.
  • 70.15% of the companies in the same industry are more expensive than DCBO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 20.75
EV/EBITDA 15.1
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.
  • DCBO's earnings are expected to grow with 20.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.77
PEG (5Y)N/A
EPS Next 2Y18.91%
EPS Next 3Y20.92%

More info and screens

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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Find the best dividend stocksShow peers with best dividend

DCBO.CA Fundamentals: All Metrics, Ratios and Statistics

DOCEBO INC

TSX:DCBO (3/23/2026, 7:00:00 PM)

26.89

+0.27 (+1.01%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-27
Earnings (Next)05-07
Inst Owners32.89%
Inst Owner ChangeN/A
Ins Owners0.4%
Ins Owner ChangeN/A
Market Cap773.36M
Revenue(TTM)242.69M
Net Income(TTM)37.51M
Analysts80
Price Target35.06 (30.38%)
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)-0.47%
PT rev (3m)-7.83%
EPS NQ rev (1m)2.08%
EPS NQ rev (3m)2.08%
EPS NY rev (1m)5.32%
EPS NY rev (3m)5.32%
Revenue NQ rev (1m)3.06%
Revenue NQ rev (3m)3.06%
Revenue NY rev (1m)0.71%
Revenue NY rev (3m)3.1%
Valuation
Industry RankSector Rank
PE 14.54
Fwd PE 12.22
P/S 2.32
P/FCF 20.75
P/OCF 20.02
P/B 7.61
P/tB 9.64
EV/EBITDA 15.1
EPS(TTM)1.85
EY6.88%
EPS(NY)2.2
Fwd EY8.18%
FCF(TTM)1.3
FCFY4.82%
OCF(TTM)1.34
OCFY4.99%
SpS11.57
BVpS3.53
TBVpS2.79
PEG (NY)0.77
PEG (5Y)N/A
Graham Number12.12
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 3.11
F-Score6
WACC9.89%
ROIC/WACC2.59
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 Y18.91%
EPS Next 2Y18.91%
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 Year10.62%
Revenue Next 2Y11.22%
Revenue Next 3Y11.56%
Revenue Next 5Y26.95%
EBIT growth 1Y55.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year118.64%
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 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 8 / 10.


How financially healthy is DOCEBO INC?

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