DOCEBO INC (DCBO.CA) Fundamental Analysis & Valuation
TSX:DCBO • CA25609L1058
Current stock price
22.25 CAD
+0.73 (+3.39%)
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
- DCBO had positive earnings in the past year.
- 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.
1.2 Ratios
- With an excellent Return On Assets value of 18.15%, DCBO belongs to the best of the industry, outperforming 92.42% of the companies in the same industry.
- DCBO has a Return On Equity of 50.63%. This is amongst the best in the industry. DCBO outperforms 95.45% of its industry peers.
- DCBO's Return On Invested Capital of 25.58% is amongst the best of the industry. DCBO outperforms 96.97% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for DCBO is in line with the industry average of 12.99%.
- 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 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
- 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.
- DCBO's Operating Margin of 12.13% is fine compared to the rest of the industry. DCBO outperforms 72.73% of its industry peers.
- Looking at the Gross Margin, with a value of 80.42%, DCBO belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
- DCBO's Gross Margin has been stable in the last couple of years.
| 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
- DCBO has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- Compared to 1 year ago, DCBO has less shares outstanding
- Compared to 5 years ago, DCBO has less shares outstanding
- The debt/assets ratio for DCBO is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.45 indicates that DCBO is not a great score, but indicates only limited risk for bankruptcy at the moment.
- DCBO has a Altman-Z score of 2.45. This is in the better half of the industry: DCBO outperforms 65.15% of its industry peers.
- The Debt to FCF ratio of DCBO is 0.09, which is an excellent value as it means it would take DCBO, only 0.09 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of DCBO (0.09) is better than 90.91% of its industry peers.
- A Debt/Equity ratio of 0.03 indicates that DCBO is not too dependend on debt financing.
- With a decent Debt to Equity ratio value of 0.03, DCBO is doing good in the industry, outperforming 72.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.09 | ||
| Altman-Z | 2.45 |
ROIC/WACC2.69
WACC9.51%
2.3 Liquidity
- DCBO has a Current 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.
- With a Current ratio value of 1.22, DCBO perfoms like the industry average, outperforming 54.55% 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.
- The Quick ratio of DCBO (1.22) 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
- 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.
- 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.
- DCBO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.87%.
- DCBO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 30.99% yearly.
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
- Based on estimates for the next years, DCBO will show a very strong growth in Revenue. The Revenue will grow by 26.95% on average per year.
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.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. DCBO.CA Valuation Analysis
4.1 Price/Earnings Ratio
- DCBO is valuated reasonably with a Price/Earnings ratio of 11.96.
- DCBO's Price/Earnings ratio is rather cheap when compared to the industry. DCBO is cheaper than 84.85% of the companies in the same industry.
- DCBO is valuated cheaply when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 9.88, the valuation of DCBO can be described as reasonable.
- 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.
- When comparing the Price/Forward Earnings ratio of DCBO to the average of the S&P500 Index (38.20), we can say DCBO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.96 | ||
| Fwd PE | 9.88 |
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 71.21% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, DCBO is valued a bit cheaper than 78.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.33 | ||
| EV/EBITDA | 10.59 |
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.
- DCBO has an outstanding profitability rating, which 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)0.57
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 (4/15/2026, 7:00:00 PM)
22.25
+0.73 (+3.39%)
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 Cap574.50M
Revenue(TTM)242.69M
Net Income(TTM)37.51M
Analysts80
Price Target29.88 (34.29%)
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)-3.35%
EPS NQ rev (3m)2.08%
EPS NY rev (1m)1.76%
EPS NY rev (3m)7.17%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)3.06%
Revenue NY rev (1m)0.32%
Revenue NY rev (3m)3.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.96 | ||
| Fwd PE | 9.88 | ||
| P/S | 1.72 | ||
| P/FCF | 15.33 | ||
| P/OCF | 14.8 | ||
| P/B | 5.63 | ||
| P/tB | 7.12 | ||
| EV/EBITDA | 10.59 |
EPS(TTM)1.86
EY8.36%
EPS(NY)2.25
Fwd EY10.12%
FCF(TTM)1.45
FCFY6.52%
OCF(TTM)1.5
OCFY6.76%
SpS12.95
BVpS3.95
TBVpS3.12
PEG (NY)0.57
PEG (5Y)N/A
Graham Number12.8649 (-42.18%)
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 | 2.45 |
F-Score6
WACC9.51%
ROIC/WACC2.69
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.