DOCEBO INC (DCBO.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:DCBO - CA25609L1058 - Common Stock
25.33 CAD
-0.98 (-3.72%)
Taking everything into account, DCBO scores 6 out of 10 in our fundamental rating. DCBO was compared to 68 industry peers in the Software industry. Both the profitability and the financial health of DCBO get a neutral evaluation. Nothing too spectacular is happening here. DCBO is growing strongly while it also seems undervalued. This is an interesting combination With these ratings, DCBO could be worth investigating further for value and growth investing!.
1. Profitability
1.1 Basic Checks
- In the past year DCBO was profitable.
- DCBO had a positive operating cash flow in the past year.
- In multiple years DCBO reported negative net income over the last 5 years.
- Of the past 5 years DCBO 4 years had a positive operating cash flow.
1.2 Ratios
- DCBO has a Return On Assets of 13.03%. This is amongst the best in the industry. DCBO outperforms 91.18% of its industry peers.
- The Return On Equity of DCBO (49.89%) is better than 94.12% of its industry peers.
- With an excellent Return On Invested Capital value of 29.21%, DCBO belongs to the best of the industry, outperforming 97.06% of the companies in the same industry.
| Industry Rank | Sector 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
1.3 Margins
- DCBO has a Profit Margin of 9.54%. This is in the better half of the industry: DCBO outperforms 76.47% of its industry peers.
- DCBO's Operating Margin of 10.98% is fine compared to the rest of the industry. DCBO outperforms 75.00% of its industry peers.
- Looking at the Gross Margin, with a value of 80.80%, DCBO belongs to the top of the industry, outperforming 86.76% 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 Rank | Sector 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%
2. Health
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 about the same amount of shares outstanding.
- 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
- DCBO has an Altman-Z score of 2.73. 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 2.73 is in line compared to the rest of the industry. DCBO outperforms 57.35% of its industry peers.
- DCBO has a debt to FCF ratio of 0.10. This is a very positive value and a sign of high solvency as it would only need 0.10 years to pay back of all of its debts.
- DCBO's Debt to FCF ratio of 0.10 is amongst the best of the industry. DCBO outperforms 89.71% of its industry peers.
- DCBO has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.05, DCBO is in the better half of the industry, outperforming 67.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.1 | ||
| Altman-Z | 2.73 |
ROIC/WACC2.85
WACC10.23%
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.
- The Current ratio of DCBO (1.13) is comparable to the rest of the 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 has a Quick ratio (1.13) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 120.69% over the past year.
- DCBO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.16%.
- 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)120.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%112.5%
Revenue 1Y (TTM)13.16%
Revenue growth 3Y27.67%
Revenue growth 5Y39.25%
Sales Q2Q%11.16%
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 27.76% on average per year.
- The Revenue is expected to grow by 24.94% on average over the next years. This is a very strong growth
EPS Next Y52.01%
EPS Next 2Y33.13%
EPS Next 3Y24.83%
EPS Next 5Y27.76%
Revenue Next Year11.86%
Revenue Next 2Y9.62%
Revenue Next 3Y9.58%
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
- With a Price/Earnings ratio of 14.31, DCBO is valued correctly.
- DCBO's Price/Earnings ratio is rather cheap when compared to the industry. DCBO is cheaper than 85.29% of the companies in the same industry.
- When comparing the Price/Earnings ratio of DCBO to the average of the S&P500 Index (27.32), we can say DCBO is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 12.05, the valuation of DCBO can be described as correct.
- DCBO's Price/Forward Earnings ratio is rather cheap when compared to the industry. DCBO is cheaper than 80.88% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of DCBO to the average of the S&P500 Index (24.32), we can say DCBO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.31 | ||
| Fwd PE | 12.05 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, DCBO is valued a bit cheaper than the industry average as 67.65% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, DCBO is valued a bit cheaper than 76.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.77 | ||
| EV/EBITDA | 15.78 |
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.
- DCBO's earnings are expected to grow with 24.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y33.13%
EPS Next 3Y24.83%
5. Dividend
5.1 Amount
- DCBO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX:DCBO (1/22/2026, 7:00:00 PM)
25.33
-0.98 (-3.72%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-26 2026-02-26/amc
Inst Owners35.28%
Inst Owner ChangeN/A
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap727.73M
Revenue(TTM)236.69M
Net Income(TTM)22.57M
Analysts80
Price Target38.04 (50.18%)
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)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)0%
PT rev (3m)-8.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.8%
EPS NY rev (1m)0%
EPS NY rev (3m)10.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.31 | ||
| Fwd PE | 12.05 | ||
| P/S | 2.23 | ||
| P/FCF | 18.77 | ||
| P/OCF | 18.06 | ||
| P/B | 11.66 | ||
| P/tB | 17.88 | ||
| EV/EBITDA | 15.78 |
EPS(TTM)1.77
EY6.99%
EPS(NY)2.1
Fwd EY8.3%
FCF(TTM)1.35
FCFY5.33%
OCF(TTM)1.4
OCFY5.54%
SpS11.36
BVpS2.17
TBVpS1.42
PEG (NY)0.28
PEG (5Y)N/A
Graham Number9.3
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.73 |
F-Score7
WACC10.23%
ROIC/WACC2.85
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)120.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%112.5%
EPS Next Y52.01%
EPS Next 2Y33.13%
EPS Next 3Y24.83%
EPS Next 5Y27.76%
Revenue 1Y (TTM)13.16%
Revenue growth 3Y27.67%
Revenue growth 5Y39.25%
Sales Q2Q%11.16%
Revenue Next Year11.86%
Revenue Next 2Y9.62%
Revenue Next 3Y9.58%
Revenue Next 5Y24.94%
EBIT growth 1Y52.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year131.07%
EBIT Next 3Y46.26%
EBIT Next 5Y33.26%
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 8 / 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.