DOCEBO INC (DCBO) Fundamental Analysis & Valuation

NASDAQ:DCBO • CA25609L1058

Current stock price

19.84 USD
-0.02 (-0.1%)
Last:

This DCBO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. DCBO 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.
  • DCBO had positive earnings in 4 of the past 5 years.
  • Of the past 5 years DCBO 4 years had a positive operating cash flow.
DCBO Yearly Net Income VS EBIT VS OCF VS FCFDCBO 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

  • With an excellent Return On Assets value of 18.15%, DCBO belongs to the best of the industry, outperforming 94.58% of the companies in the same industry.
  • With an excellent Return On Equity value of 50.63%, DCBO belongs to the best of the industry, outperforming 96.03% of the companies in the same industry.
  • DCBO has a better Return On Invested Capital (28.07%) than 96.03% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for DCBO is significantly above the industry average of 10.87%.
  • The last Return On Invested Capital (28.07%) for DCBO is above the 3 year average (16.11%), which is a sign of increasing profitability.
Industry RankSector 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
DCBO Yearly ROA, ROE, ROICDCBO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 200

1.3 Margins

  • Looking at the Profit Margin, with a value of 15.46%, DCBO belongs to the top of the industry, outperforming 81.59% of the companies in the same industry.
  • DCBO's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 12.13%, DCBO is in the better half of the industry, outperforming 79.06% of the companies in the same industry.
  • DCBO has a Gross Margin of 80.42%. This is amongst the best in the industry. DCBO outperforms 82.31% 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 Yearly Profit, Operating, Gross MarginsDCBO 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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8

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.
  • DCBO has less shares outstanding than it did 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 Yearly Shares OutstandingDCBO Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
DCBO Yearly Total Debt VS Total AssetsDCBO 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

  • DCBO has an Altman-Z score of 3.14. This indicates that DCBO is financially healthy and has little risk of bankruptcy at the moment.
  • DCBO's Altman-Z score of 3.14 is fine compared to the rest of the industry. DCBO outperforms 66.43% 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 80.87% of the companies in the same industry.
  • A Debt/Equity ratio of 0.03 indicates that DCBO is not too dependend on debt financing.
  • The Debt to Equity ratio of DCBO (0.03) is better than 60.65% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.09
Altman-Z 3.14
ROIC/WACC2.82
WACC9.96%
DCBO Yearly LT Debt VS Equity VS FCFDCBO 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.
  • With a Current ratio value of 1.22, DCBO is not doing good in the industry: 64.26% of the companies in the same industry are doing better.
  • A Quick Ratio of 1.22 indicates that DCBO should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.22, DCBO is doing worse than 63.54% of the companies in the same industry.
  • 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 Yearly Current Assets VS Current LiabilitesDCBO 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 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
  • The Revenue has grown by 11.87% in the past year. This is quite good.
  • 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

  • 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.
DCBO Yearly Revenue VS EstimatesDCBO 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 Yearly EPS VS EstimatesDCBO 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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7

4. DCBO Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.70, which indicates a correct valuation of DCBO.
  • 80.51% of the companies in the same industry are more expensive than DCBO, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 25.96. DCBO is valued slightly cheaper when compared to this.
  • DCBO is valuated correctly with a Price/Forward Earnings ratio of 12.36.
  • Based on the Price/Forward Earnings ratio, DCBO is valued cheaper than 80.87% of the companies in the same industry.
  • DCBO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.7
Fwd PE 12.36
DCBO Price Earnings VS Forward Price EarningsDCBO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

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 79.42% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, DCBO is valued a bit cheaper than 72.56% of the companies in the same industry.
Industry RankSector Rank
P/FCF 20.98
EV/EBITDA 15.32
DCBO Per share dataDCBO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

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.
  • A more expensive valuation may be justified as DCBO's earnings are expected to grow with 20.92% in the coming years.
PEG (NY)0.78
PEG (5Y)N/A
EPS Next 2Y18.91%
EPS Next 3Y20.92%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. DCBO Dividend Analysis

5.1 Amount

  • DCBO does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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DCBO Fundamentals: All Metrics, Ratios and Statistics

DOCEBO INC

NASDAQ:DCBO (3/17/2026, 4:30:02 PM)

19.84

-0.02 (-0.1%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-27
Earnings (Next)05-07
Inst Owners32.89%
Inst Owner Change-4.8%
Ins Owners0.4%
Ins Owner ChangeN/A
Market Cap570.60M
Revenue(TTM)242.69M
Net Income(TTM)37.51M
Analysts80
Price Target25.57 (28.88%)
Short Float %7.04%
Short Ratio3.81
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)-0.7%
PT rev (3m)-6.28%
EPS NQ rev (1m)5.63%
EPS NQ rev (3m)5.63%
EPS NY rev (1m)5.32%
EPS NY rev (3m)5.32%
Revenue NQ rev (1m)3.08%
Revenue NQ rev (3m)3.08%
Revenue NY rev (1m)3.1%
Revenue NY rev (3m)3.1%
Valuation
Industry RankSector Rank
PE 14.7
Fwd PE 12.36
P/S 2.35
P/FCF 20.98
P/OCF 20.25
P/B 7.7
P/tB 9.75
EV/EBITDA 15.32
EPS(TTM)1.35
EY6.8%
EPS(NY)1.61
Fwd EY8.09%
FCF(TTM)0.95
FCFY4.77%
OCF(TTM)0.98
OCFY4.94%
SpS8.44
BVpS2.58
TBVpS2.03
PEG (NY)0.78
PEG (5Y)N/A
Graham Number8.85
Profitability
Industry RankSector 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 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 3.14
F-Score6
WACC9.96%
ROIC/WACC2.82
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 Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for DOCEBO INC?

ChartMill assigns a fundamental rating of 8 / 10 to DCBO.


What is the valuation status of DOCEBO INC (DCBO) stock?

ChartMill assigns a valuation rating of 7 / 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 8 / 10.