DOCEBO INC (DCBO.CA) Stock Fundamental Analysis
TSX:DCBO - Toronto Stock Exchange - CA25609L1058 - Common Stock - Currency: CAD
Overall DCBO gets a fundamental rating of 6 out of 10. We evaluated DCBO against 61 industry peers in the Software industry. DCBO has an excellent financial health rating, but there are some minor concerns on its profitability. DCBO is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make DCBO suitable for growth investing!
1. Profitability
1.1 Basic Checks
DCBO had positive earnings in the past year.
DCBO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: DCBO reported negative net income in multiple 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 (11.66%) than 87.30% of its industry peers.
DCBO's Return On Equity of 43.94% is amongst the best of the industry. DCBO outperforms 92.06% of its industry peers.
With an excellent Return On Invested Capital value of 21.50%, DCBO belongs to the best of the industry, outperforming 93.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.66% | ||
| ROE | 43.94% | ||
| ROIC | 21.5% |
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 (10.34%) is better than 82.54% of its industry peers.
DCBO has a Operating Margin of 9.40%. This is in the better half of the industry: DCBO outperforms 76.19% of its industry peers.
The Gross Margin of DCBO (80.94%) is better than 87.30% of its industry peers.
DCBO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.4% | ||
| PM (TTM) | 10.34% | ||
| GM | 80.94% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), DCBO is creating value.
The number of shares outstanding for DCBO remains at a similar level compared to 1 year ago.
The number of shares outstanding for DCBO has been increased compared to 5 years ago.
DCBO has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.33 indicates that DCBO is not in any danger for bankruptcy at the moment.
DCBO has a better Altman-Z score (3.33) than 66.67% of its industry peers.
The Debt to FCF ratio of DCBO is 0.04, which is an excellent value as it means it would take DCBO, only 0.04 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DCBO (0.04) is better than 93.65% of its industry peers.
DCBO has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.00, DCBO belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.04 | ||
| Altman-Z | 3.33 |
ROIC/WACC2.78
WACC7.74%
2.3 Liquidity
DCBO has a Current Ratio of 1.15. This is a normal value and indicates that DCBO is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of DCBO (1.15) is comparable to the rest of the industry.
A Quick Ratio of 1.15 indicates that DCBO should not have too much problems paying its short term obligations.
DCBO has a Quick ratio of 1.15. This is comparable to the rest of the industry: DCBO outperforms 52.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
DCBO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 336.36%, which is quite impressive.
The Revenue has grown by 16.79% in the past year. This is quite good.
Measured over the past years, DCBO shows a very strong growth in Revenue. The Revenue has been growing by 39.25% on average per year.
EPS 1Y (TTM)336.36%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%58.82%
Revenue 1Y (TTM)16.79%
Revenue growth 3Y27.67%
Revenue growth 5Y39.25%
Sales Q2Q%11.46%
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 Y39.51%
EPS Next 2Y29.84%
EPS Next 3Y21.71%
EPS Next 5Y27.76%
Revenue Next Year11.76%
Revenue Next 2Y12.58%
Revenue Next 3Y25.18%
Revenue Next 5Y24.94%
3.3 Evolution
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
DCBO is valuated quite expensively with a Price/Earnings ratio of 27.18.
Based on the Price/Earnings ratio, DCBO is valued a bit cheaper than 77.78% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.32, DCBO is valued at the same level.
Based on the Price/Forward Earnings ratio of 18.02, the valuation of DCBO can be described as rather expensive.
Based on the Price/Forward Earnings ratio, DCBO is valued cheaper than 80.95% of the companies in the same industry.
DCBO is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.18 | ||
| Fwd PE | 18.02 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DCBO is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, DCBO is valued a bit cheaper than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.23 | ||
| EV/EBITDA | 28.11 |
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 21.71% in the coming years.
PEG (NY)0.69
PEG (5Y)N/A
EPS Next 2Y29.84%
EPS Next 3Y21.71%
5. Dividend
5.1 Amount
DCBO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:DCBO (6/13/2025, 7:00:00 PM)
35.61
-1.69 (-4.53%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners36.86%
Inst Owner ChangeN/A
Ins Owners1.46%
Ins Owner ChangeN/A
Market Cap1.06B
Analysts78.57
Price Target40.64 (14.13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)58.55%
Min EPS beat(2)26.05%
Max EPS beat(2)91.05%
EPS beat(4)3
Avg EPS beat(4)25.39%
Min EPS beat(4)-25.3%
Max EPS beat(4)91.05%
EPS beat(8)6
Avg EPS beat(8)-11.33%
EPS beat(12)10
Avg EPS beat(12)140.75%
EPS beat(16)12
Avg EPS beat(16)97.01%
Revenue beat(2)0
Avg Revenue beat(2)-1.06%
Min Revenue beat(2)-1.61%
Max Revenue beat(2)-0.51%
Revenue beat(4)1
Avg Revenue beat(4)-0.57%
Min Revenue beat(4)-1.61%
Max Revenue beat(4)0.37%
Revenue beat(8)1
Avg Revenue beat(8)-0.7%
Revenue beat(12)1
Avg Revenue beat(12)-1.11%
Revenue beat(16)3
Avg Revenue beat(16)-0.47%
PT rev (1m)-16.85%
PT rev (3m)-23.89%
EPS NQ rev (1m)-8.8%
EPS NQ rev (3m)7.41%
EPS NY rev (1m)0%
EPS NY rev (3m)15.77%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)0.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.18 | ||
| Fwd PE | 18.02 | ||
| P/S | 3.47 | ||
| P/FCF | 28.23 | ||
| P/OCF | 26.91 | ||
| P/B | 14.76 | ||
| P/tB | 21 | ||
| EV/EBITDA | 28.11 |
EPS(TTM)1.31
EY3.68%
EPS(NY)1.98
Fwd EY5.55%
FCF(TTM)1.26
FCFY3.54%
OCF(TTM)1.32
OCFY3.72%
SpS10.25
BVpS2.41
TBVpS1.7
PEG (NY)0.69
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.66% | ||
| ROE | 43.94% | ||
| ROCE | 36.68% | ||
| ROIC | 21.5% | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | 9.4% | ||
| PM (TTM) | 10.34% | ||
| GM | 80.94% | ||
| FCFM | 12.31% |
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
ROICexcg growth 3YN/A
ROICexcg 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-Score8
Asset Turnover1.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.04 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 39.83% | ||
| Cap/Sales | 0.6% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 118.32% | ||
| Profit Quality | 119.04% | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 3.33 |
F-Score8
WACC7.74%
ROIC/WACC2.78
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)336.36%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%58.82%
EPS Next Y39.51%
EPS Next 2Y29.84%
EPS Next 3Y21.71%
EPS Next 5Y27.76%
Revenue 1Y (TTM)16.79%
Revenue growth 3Y27.67%
Revenue growth 5Y39.25%
Sales Q2Q%11.46%
Revenue Next Year11.76%
Revenue Next 2Y12.58%
Revenue Next 3Y25.18%
Revenue Next 5Y24.94%
EBIT growth 1Y347.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year120.45%
EBIT Next 3Y50.2%
EBIT Next 5Y32.1%
FCF growth 1Y2197.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1283.74%
OCF growth 3YN/A
OCF growth 5YN/A