DOCEBO INC (DCBO.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:DCBO • CA25609L1058
25.58 CAD
-0.8 (-3.03%)
Last: Feb 11, 2026, 07:00 PM
DCBO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 67 industry peers in the Software industry. DCBO has an average financial health and profitability rating. DCBO has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! With these ratings, DCBO could be worth investigating further for value and growth investing!.
1. Profitability
1.1 Basic Checks
- DCBO had positive earnings in the past year.
- In the past year DCBO had a positive cash flow from operations.
- In multiple years DCBO reported negative net income over the last 5 years.
- Of the past 5 years DCBO 4 years had a positive operating cash flow.
1.2 Ratios
- DCBO has a better Return On Assets (13.03%) 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.
- With an excellent Return On Invested Capital value of 29.21%, DCBO belongs to the best of the industry, outperforming 97.01% of the companies in the same industry.
| Industry Rank | Sector 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
1.3 Margins
- The Profit Margin of DCBO (9.54%) is better 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's Gross Margin of 80.80% is amongst the best of the industry. DCBO outperforms 86.57% of its industry peers.
- DCBO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
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.
- The number of shares outstanding for DCBO remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, DCBO has more shares outstanding
- Compared to 1 year ago, DCBO has an improved debt to assets ratio.
2.2 Solvency
- DCBO has an Altman-Z score of 2.90. 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 2.90, DCBO is doing good in the industry, outperforming 61.19% of the companies in the same industry.
- DCBO has a debt to FCF ratio of 0.10. This is a very positive value and a sign of high solvency as it would only need 0.10 years to pay back of all of its debts.
- DCBO has a better Debt to FCF ratio (0.10) 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's Debt to Equity ratio of 0.05 is fine compared to the rest of the industry. DCBO outperforms 67.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.1 | ||
| Altman-Z | 2.9 |
ROIC/WACC2.83
WACC10.33%
2.3 Liquidity
- DCBO has a Current Ratio of 1.13. 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 Current ratio of 1.13 is in line compared to the rest of the industry. DCBO outperforms 52.24% of its industry peers.
- A Quick Ratio of 1.13 indicates that DCBO should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.13, DCBO is in line with its industry, outperforming 53.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
- DCBO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 120.69%, which is quite impressive.
- The Revenue has grown by 13.16% in the past year. This is quite good.
- 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.
- The Revenue is expected to grow by 24.94% on average over the next years. This is a very strong growth
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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 14.70, DCBO is valued correctly.
- Based on the Price/Earnings ratio, DCBO is valued cheaply inside the industry as 82.09% of the companies are valued more expensively.
- DCBO is valuated rather cheaply when we compare the Price/Earnings ratio to 28.23, which is the current average of the S&P500 Index.
- DCBO is valuated correctly with a Price/Forward Earnings ratio of 12.37.
- 77.61% of the companies in the same industry are more expensive than DCBO, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, DCBO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.7 | ||
| Fwd PE | 12.37 |
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.
- DCBO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DCBO is cheaper than 74.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.26 | ||
| EV/EBITDA | 17.03 |
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)0.28
PEG (5Y)N/A
EPS Next 2Y33.13%
EPS Next 3Y24.83%
5. Dividend
5.1 Amount
- No dividends for DCBO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX:DCBO (2/11/2026, 7:00:00 PM)
25.58
-0.8 (-3.03%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-27 2026-02-27/amc
Inst Owners35.28%
Inst Owner ChangeN/A
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap734.91M
Revenue(TTM)236.69M
Net Income(TTM)22.57M
Analysts80
Price Target35.23 (37.72%)
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)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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.7 | ||
| Fwd PE | 12.37 | ||
| P/S | 2.29 | ||
| P/FCF | 19.26 | ||
| P/OCF | 18.54 | ||
| P/B | 11.97 | ||
| P/tB | 18.35 | ||
| EV/EBITDA | 17.03 |
EPS(TTM)1.74
EY6.8%
EPS(NY)2.07
Fwd EY8.09%
FCF(TTM)1.33
FCFY5.19%
OCF(TTM)1.38
OCFY5.39%
SpS11.18
BVpS2.14
TBVpS1.39
PEG (NY)0.28
PEG (5Y)N/A
Graham Number9.15
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.9 |
F-Score7
WACC10.33%
ROIC/WACC2.83
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.