DOCEBO INC (DCBO) Fundamental Analysis & Valuation
NASDAQ:DCBO • CA25609L1058
18.95 USD
-0.49 (-2.52%)
Last: Mar 9, 2026, 04:30 PM
This DCBO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, DCBO scores 8 out of 10 in our fundamental rating. DCBO was compared to 277 industry peers in the Software industry. Both the health and profitability get an excellent rating, making DCBO a very profitable company, without any liquidiy or solvency issues. DCBO is evaluated to be cheap and growing strongly. This does not happen too often! These ratings would make DCBO suitable for value and growth and quality investing!
1. DCBO Profitability Analysis
1.1 Basic Checks
- DCBO had positive earnings in the past year.
- DCBO had a positive operating cash flow in the past year.
- DCBO had positive earnings in 4 of the past 5 years.
- DCBO had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- DCBO has a better Return On Assets (18.15%) than 94.22% of its industry peers.
- Looking at the Return On Equity, with a value of 50.63%, DCBO belongs to the top of the industry, outperforming 96.03% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 28.07%, DCBO belongs to the best of the industry, outperforming 96.03% of the companies in the same industry.
- DCBO had an Average Return On Invested Capital over the past 3 years of 16.11%. This is significantly above the industry average of 10.84%.
- The 3 year average ROIC (16.11%) for DCBO is below the current ROIC(28.07%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.15% | ||
| ROE | 50.63% | ||
| ROIC | 28.07% |
ROA(3y)11.32%
ROA(5y)6.27%
ROE(3y)34.17%
ROE(5y)19.81%
ROIC(3y)16.11%
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 81.59% 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 78.34% of its industry peers.
- DCBO has a Gross Margin of 80.42%. This is amongst the best in the industry. DCBO outperforms 81.95% 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 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
- Compared to 1 year ago, DCBO has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 3.09 indicates that DCBO is not in any danger for bankruptcy at the moment.
- DCBO's Altman-Z score of 3.09 is fine compared to the rest of the industry. DCBO outperforms 64.62% 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.
- Looking at the Debt to FCF ratio, with a value of 0.09, DCBO belongs to the top of the industry, outperforming 81.23% of the companies in the same industry.
- A Debt/Equity ratio of 0.03 indicates that DCBO is not too dependend on debt financing.
- DCBO has a Debt to Equity ratio of 0.03. This is in the better half of the industry: DCBO outperforms 60.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.09 | ||
| Altman-Z | 3.09 |
ROIC/WACC2.77
WACC10.15%
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.
- DCBO has a Current ratio of 1.22. This is in the lower half of the industry: DCBO underperforms 64.26% of its industry peers.
- 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 has a worse Quick ratio (1.22) than 63.54% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.22 |
3. DCBO Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 56.98% over the past year.
- DCBO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 88.99% yearly.
- 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.
- 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 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.
4. DCBO Valuation Analysis
4.1 Price/Earnings Ratio
- DCBO is valuated correctly with a Price/Earnings ratio of 14.04.
- DCBO's Price/Earnings ratio is rather cheap when compared to the industry. DCBO is cheaper than 81.23% of the companies in the same industry.
- DCBO is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 11.81 indicates a reasonable valuation of DCBO.
- Based on the Price/Forward Earnings ratio, DCBO is valued cheaper than 81.59% of the companies in the same industry.
- DCBO is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.60, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.04 | ||
| Fwd PE | 11.81 |
4.2 Price Multiples
- 82.31% of the companies in the same industry are more expensive than DCBO, based on the Enterprise Value to EBITDA ratio.
- 74.73% of the companies in the same industry are more expensive than DCBO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.04 | ||
| EV/EBITDA | 14.95 |
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.
- A more expensive valuation may be justified as DCBO's earnings are expected to grow with 20.92% in the coming years.
PEG (NY)0.74
PEG (5Y)N/A
EPS Next 2Y18.91%
EPS Next 3Y20.92%
5. DCBO Dividend Analysis
5.1 Amount
- No dividends for DCBO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
DCBO Fundamentals: All Metrics, Ratios and Statistics
NASDAQ:DCBO (3/9/2026, 4:30:02 PM)
18.95
-0.49 (-2.52%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-27 2026-02-27/bmo
Earnings (Next)05-07 2026-05-07
Inst Owners32.89%
Inst Owner Change-4.8%
Ins Owners0.4%
Ins Owner ChangeN/A
Market Cap545.00M
Revenue(TTM)242.69M
Net Income(TTM)37.51M
Analysts80
Price Target25.57 (34.93%)
Short Float %3.44%
Short Ratio2.24
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)-0.7%
PT rev (3m)-6.28%
EPS NQ rev (1m)3.75%
EPS NQ rev (3m)3.75%
EPS NY rev (1m)5.32%
EPS NY rev (3m)5.32%
Revenue NQ rev (1m)2.33%
Revenue NQ rev (3m)2.33%
Revenue NY rev (1m)3.1%
Revenue NY rev (3m)3.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.04 | ||
| Fwd PE | 11.81 | ||
| P/S | 2.25 | ||
| P/FCF | 20.04 | ||
| P/OCF | 19.34 | ||
| P/B | 7.36 | ||
| P/tB | 9.31 | ||
| EV/EBITDA | 14.95 |
EPS(TTM)1.35
EY7.12%
EPS(NY)1.61
Fwd EY8.47%
FCF(TTM)0.95
FCFY4.99%
OCF(TTM)0.98
OCFY5.17%
SpS8.44
BVpS2.58
TBVpS2.03
PEG (NY)0.74
PEG (5Y)N/A
Graham Number8.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.15% | ||
| ROE | 50.63% | ||
| ROCE | 35.53% | ||
| ROIC | 28.07% | ||
| ROICexc | 263.9% | ||
| 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)16.11%
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 | 3.09 |
F-Score6
WACC10.15%
ROIC/WACC2.77
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 FAQ
Can you provide the ChartMill fundamental rating for DOCEBO INC?
ChartMill assigns a fundamental rating of 7 / 10 to DCBO.
What is the valuation status of DOCEBO INC (DCBO) stock?
ChartMill assigns a valuation rating of 8 / 10 to DOCEBO INC (DCBO). This can be considered as Undervalued.
How profitable is DOCEBO INC (DCBO) stock?
DOCEBO INC (DCBO) has a profitability rating of 8 / 10.
How financially healthy is DOCEBO INC?
The financial health rating of DOCEBO INC (DCBO) is 7 / 10.