DOCEBO INC (DCBO.CA) Stock Fundamental Analysis

TSX:DCBO • CA25609L1058

23.56 CAD
-0.92 (-3.76%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Taking everything into account, DCBO scores 6 out of 10 in our fundamental rating. DCBO was compared to 70 industry peers in the Software industry. DCBO has an average financial health and profitability rating. A decent growth rate in combination with a cheap valuation! Better keep an eye on DCBO. With these ratings, DCBO could be worth investigating further for value investing!.


Dividend Valuation Growth Profitability Health

6

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.
  • The reported operating cash flow has been mixed in the past 5 years: DCBO reported negative operating cash flow in multiple years.
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 90.00% of its industry peers.
  • The Return On Equity of DCBO (49.89%) is better than 94.29% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 29.21%, DCBO belongs to the top of the industry, outperforming 97.14% of the companies in the same industry.
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 81.43% of its industry peers.
  • With a decent Operating Margin value of 10.98%, DCBO is doing good in the industry, outperforming 75.71% of the companies in the same industry.
  • Looking at the Gross Margin, with a value of 80.80%, DCBO belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • In the last couple of years the Gross Margin of DCBO has remained more or less at the same level.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), DCBO is creating value.
  • DCBO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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

  • DCBO has an Altman-Z score of 2.59. 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.
  • DCBO's Altman-Z score of 2.59 is in line compared to the rest of the industry. DCBO outperforms 60.00% 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.
  • DCBO has a better Debt to FCF ratio (0.10) than 90.00% of its industry peers.
  • A Debt/Equity ratio of 0.05 indicates that DCBO is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.05, DCBO is doing good in the industry, outperforming 67.14% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.1
Altman-Z 2.59
ROIC/WACC2.84
WACC10.3%
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

  • 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.
  • Looking at the Current ratio, with a value of 1.13, DCBO is in line with its industry, outperforming 52.86% of the companies in the same industry.
  • DCBO has a Quick 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 Quick ratio of 1.13 is in line compared to the rest of the industry. DCBO outperforms 54.29% of its industry peers.
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

6

3. Growth

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.
  • DCBO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 88.99% yearly.
EPS 1Y (TTM)56.98%
EPS 3Y88.99%
EPS 5YN/A
EPS Q2Q%18.42%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.52%

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 26.94% yearly.
EPS Next Y12.9%
EPS Next 2Y11.32%
EPS Next 3Y17.92%
EPS Next 5Y22.29%
Revenue Next Year9.82%
Revenue Next 2Y11.45%
Revenue Next 3Y30.25%
Revenue Next 5Y26.94%

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.
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

  • A Price/Earnings ratio of 12.74 indicates a correct valuation of DCBO.
  • 84.29% of the companies in the same industry are more expensive than DCBO, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of DCBO to the average of the S&P500 Index (27.07), we can say DCBO is valued rather cheaply.
  • DCBO is valuated reasonably with a Price/Forward Earnings ratio of 11.31.
  • DCBO's Price/Forward Earnings ratio is rather cheap when compared to the industry. DCBO is cheaper than 81.43% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.05, DCBO is valued rather cheaply.
Industry RankSector Rank
PE 12.74
Fwd PE 11.31
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DCBO indicates a somewhat cheap valuation: DCBO is cheaper than 67.14% of the companies listed in the same industry.
  • 77.14% 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 17.62
EV/EBITDA 14.78
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.
  • The decent 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 17.92% in the coming years.
PEG (NY)0.99
PEG (5Y)N/A
EPS Next 2Y11.32%
EPS Next 3Y17.92%

More info and screens

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 (2/27/2026, 7:00:00 PM)

23.56

-0.92 (-3.76%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-27
Earnings (Next)05-07
Inst Owners35.28%
Inst Owner ChangeN/A
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap677.35M
Revenue(TTM)N/A
Net Income(TTM)22.57M
Analysts80
Price Target35.06 (48.81%)
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)-7.83%
PT rev (3m)-7.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.92%
EPS NY rev (1m)0%
EPS NY rev (3m)8.46%
Revenue NQ rev (1m)0.77%
Revenue NQ rev (3m)0.77%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)0.74%
Valuation
Industry RankSector Rank
PE 12.74
Fwd PE 11.31
P/S 2.09
P/FCF 17.62
P/OCF 16.96
P/B 10.95
P/tB 16.79
EV/EBITDA 14.78
EPS(TTM)1.85
EY7.85%
EPS(NY)2.08
Fwd EY8.84%
FCF(TTM)1.34
FCFY5.67%
OCF(TTM)1.39
OCFY5.9%
SpS11.26
BVpS2.15
TBVpS1.4
PEG (NY)0.99
PEG (5Y)N/A
Graham Number9.46
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 2.59
F-Score7
WACC10.3%
ROIC/WACC2.84
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)56.98%
EPS 3Y88.99%
EPS 5YN/A
EPS Q2Q%18.42%
EPS Next Y12.9%
EPS Next 2Y11.32%
EPS Next 3Y17.92%
EPS Next 5Y22.29%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.52%
Revenue Next Year9.82%
Revenue Next 2Y11.45%
Revenue Next 3Y30.25%
Revenue Next 5Y26.94%
EBIT growth 1Y52.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year131.72%
EBIT Next 3Y51.03%
EBIT Next 5Y31.35%
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.