DOCEBO INC (DCBO.CA) Fundamental Analysis & Valuation
TSX:DCBO • CA25609L1058
Current stock price
22.94 CAD
+0.74 (+3.33%)
Last:
This DCBO.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. DCBO.CA 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.
- Of the past 5 years DCBO 4 years had a positive operating cash flow.
1.2 Ratios
- With an excellent Return On Assets value of 18.15%, DCBO belongs to the best of the industry, outperforming 92.54% of the companies in the same industry.
- The Return On Equity of DCBO (50.63%) is better than 95.52% of its industry peers.
- DCBO's Return On Invested Capital of 25.58% is amongst the best of the industry. DCBO outperforms 97.01% of its industry peers.
- DCBO had an Average Return On Invested Capital over the past 3 years of 14.68%. This is in line with the industry average of 13.06%.
- The 3 year average ROIC (14.68%) for DCBO is below the current ROIC(25.58%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.15% | ||
| ROE | 50.63% | ||
| ROIC | 25.58% |
ROA(3y)11.32%
ROA(5y)6.27%
ROE(3y)34.17%
ROE(5y)19.81%
ROIC(3y)14.68%
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 15.46%, DCBO belongs to the top of the industry, outperforming 86.57% of the companies in the same industry.
- DCBO's Profit Margin has improved in the last couple of years.
- DCBO has a Operating Margin of 12.13%. This is in the better half of the industry: DCBO outperforms 73.13% of its industry peers.
- DCBO's Gross Margin of 80.42% is amongst the best of the industry. DCBO outperforms 83.58% 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.CA Health Analysis
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 has been reduced compared to 1 year ago.
- The number of shares outstanding for DCBO has been reduced compared to 5 years ago.
- Compared to 1 year ago, DCBO has a worse debt to assets ratio.
2.2 Solvency
- DCBO has an Altman-Z score of 2.52. 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 2.52 is fine compared to the rest of the industry. DCBO outperforms 64.18% 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 91.04% of the companies in the same industry.
- DCBO has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
- With a decent Debt to Equity ratio value of 0.03, DCBO is doing good in the industry, outperforming 73.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.09 | ||
| Altman-Z | 2.52 |
ROIC/WACC2.68
WACC9.53%
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.
- Looking at the Current ratio, with a value of 1.22, DCBO is in line with its industry, outperforming 55.22% of the companies in the same industry.
- 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 Quick ratio (1.22) which is comparable to the rest of the 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.22 |
3. DCBO.CA 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.
- Measured over the past years, DCBO shows a very strong growth in Earnings Per Share. The EPS has been growing by 88.99% on average per year.
- DCBO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.87%.
- DCBO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 30.99% yearly.
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.
- The Revenue is expected to grow by 26.95% on average over the next years. This is a very strong growth
EPS Next Y21%
EPS Next 2Y18.55%
EPS Next 3Y20.92%
EPS Next 5Y22.29%
Revenue Next Year10.97%
Revenue Next 2Y11.2%
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.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 12.40 indicates a correct valuation of DCBO.
- 85.07% 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 (27.89), we can say DCBO is valued rather cheaply.
- With a Price/Forward Earnings ratio of 10.27, the valuation of DCBO can be described as very reasonable.
- 82.09% of the companies in the same industry are more expensive than DCBO, based on the Price/Forward Earnings ratio.
- DCBO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 38.50.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.4 | ||
| Fwd PE | 10.27 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, DCBO is valued a bit cheaper than the industry average as 70.15% of the companies are valued more expensively.
- 79.10% 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 | 15.93 | ||
| EV/EBITDA | 11.09 |
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)0.59
PEG (5Y)N/A
EPS Next 2Y18.55%
EPS Next 3Y20.92%
5. DCBO.CA Dividend Analysis
5.1 Amount
- DCBO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
DCBO.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:DCBO (4/17/2026, 7:00:00 PM)
22.94
+0.74 (+3.33%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-27 2026-02-27/bmo
Earnings (Next)05-08 2026-05-08
Inst Owners36.6%
Inst Owner ChangeN/A
Ins Owners0.46%
Ins Owner ChangeN/A
Market Cap592.31M
Revenue(TTM)242.69M
Net Income(TTM)37.51M
Analysts80
Price Target29.88 (30.25%)
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)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)-14.77%
PT rev (3m)-21.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.08%
EPS NY rev (1m)1.76%
EPS NY rev (3m)7.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.06%
Revenue NY rev (1m)0.32%
Revenue NY rev (3m)3.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.4 | ||
| Fwd PE | 10.27 | ||
| P/S | 1.79 | ||
| P/FCF | 15.93 | ||
| P/OCF | 15.38 | ||
| P/B | 5.85 | ||
| P/tB | 7.4 | ||
| EV/EBITDA | 11.09 |
EPS(TTM)1.85
EY8.06%
EPS(NY)2.23
Fwd EY9.74%
FCF(TTM)1.44
FCFY6.28%
OCF(TTM)1.49
OCFY6.5%
SpS12.85
BVpS3.92
TBVpS3.1
PEG (NY)0.59
PEG (5Y)N/A
Graham Number12.7791 (-44.29%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.15% | ||
| ROE | 50.63% | ||
| ROCE | 35.53% | ||
| ROIC | 25.58% | ||
| ROICexc | 240.52% | ||
| 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)14.68%
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 | 2.52 |
F-Score6
WACC9.53%
ROIC/WACC2.68
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 Y21%
EPS Next 2Y18.55%
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 Year10.97%
Revenue Next 2Y11.2%
Revenue Next 3Y11.56%
Revenue Next 5Y26.95%
EBIT growth 1Y55.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year118.76%
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.CA Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for DOCEBO INC?
ChartMill assigns a fundamental rating of 8 / 10 to DCBO.CA.
What is the valuation status for DCBO stock?
ChartMill assigns a valuation rating of 8 / 10 to DOCEBO INC (DCBO.CA). This can be considered as Undervalued.
What is the profitability of DCBO stock?
DOCEBO INC (DCBO.CA) has a profitability rating of 8 / 10.
What is the financial health of DOCEBO INC (DCBO.CA) stock?
The financial health rating of DOCEBO INC (DCBO.CA) is 8 / 10.
What is the earnings growth outlook for DOCEBO INC?
The Earnings per Share (EPS) of DOCEBO INC (DCBO.CA) is expected to grow by 21% in the next year.