DOCEBO INC (DCBO) Stock Fundamental Analysis
NASDAQ:DCBO - Nasdaq - CA25609L1058 - Common Stock - Currency: USD
Taking everything into account, DCBO scores 6 out of 10 in our fundamental rating. DCBO was compared to 283 industry peers in the Software industry. DCBO has only an average score on both its financial health and profitability. DCBO is growing strongly while it is still valued neutral. This is a good combination! With these ratings, DCBO could be worth investigating further for 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.
The reported net income has been mixed in the past 5 years: DCBO reported negative net income in multiple years.
Of the past 5 years DCBO 4 years had a positive operating cash flow.
1.2 Ratios
DCBO's Return On Assets of 11.66% is amongst the best of the industry. DCBO outperforms 89.05% of its industry peers.
With an excellent Return On Equity value of 43.94%, DCBO belongs to the best of the industry, outperforming 95.05% of the companies in the same industry.
DCBO has a Return On Invested Capital of 21.50%. This is amongst the best in the industry. DCBO outperforms 94.35% of its industry peers.
| 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
Looking at the Profit Margin, with a value of 10.34%, DCBO is in the better half of the industry, outperforming 74.20% of the companies in the same industry.
With a decent Operating Margin value of 9.40%, DCBO is doing good in the industry, outperforming 74.20% of the companies in the same industry.
With an excellent Gross Margin value of 80.94%, DCBO belongs to the best of the industry, outperforming 83.39% 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 | 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.
DCBO has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, DCBO has more shares outstanding
Compared to 1 year ago, DCBO has an improved debt to assets ratio.
2.2 Solvency
DCBO has an Altman-Z score of 3.83. This indicates that DCBO is financially healthy and has little risk of bankruptcy at the moment.
DCBO has a better Altman-Z score (3.83) than 66.78% of its industry peers.
DCBO has a debt to FCF ratio of 0.04. This is a very positive value and a sign of high solvency as it would only need 0.04 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.04, DCBO belongs to the best of the industry, outperforming 82.33% of the companies in the same industry.
DCBO has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
DCBO has a Debt to Equity ratio of 0.00. This is in the better half of the industry: DCBO outperforms 67.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.04 | ||
| Altman-Z | 3.83 |
ROIC/WACC2.04
WACC10.52%
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 worse than 67.84% of its industry peers.
A Quick Ratio of 1.15 indicates that DCBO should not have too much problems paying its short term obligations.
DCBO's Quick ratio of 1.15 is on the low side compared to the rest of the industry. DCBO is outperformed by 66.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 103.70% over the past year.
The Revenue has grown by 19.96% in the past year. This is quite good.
The Revenue has been growing by 39.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)103.7%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%93.33%
Revenue 1Y (TTM)19.96%
Revenue growth 3Y27.67%
Revenue growth 5Y39.25%
Sales Q2Q%14.47%
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.
DCBO is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.94% yearly.
EPS Next Y39.51%
EPS Next 2Y29.84%
EPS Next 3Y21.71%
EPS Next 5Y27.76%
Revenue Next Year9.84%
Revenue Next 2Y9.66%
Revenue Next 3Y9.43%
Revenue Next 5Y24.94%
3.3 Evolution
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
DCBO is valuated quite expensively with a Price/Earnings ratio of 28.30.
DCBO's Price/Earnings ratio is a bit cheaper when compared to the industry. DCBO is cheaper than 67.14% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.85. DCBO is around the same levels.
With a Price/Forward Earnings ratio of 21.47, DCBO is valued on the expensive side.
DCBO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. DCBO is cheaper than 74.56% of the companies in the same industry.
DCBO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.3 | ||
| Fwd PE | 21.47 |
4.2 Price Multiples
DCBO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. DCBO is cheaper than 71.02% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, DCBO is valued a bit cheaper than the industry average as 70.32% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.69 | ||
| EV/EBITDA | 33.14 |
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.
DCBO has a very decent 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 21.71% in the coming years.
PEG (NY)0.72
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 |
31.13
-0.52 (-1.64%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners36.86%
Inst Owner Change-8.75%
Ins Owners1.46%
Ins Owner ChangeN/A
Market Cap896.54M
Analysts78.67
Price Target29.32 (-5.81%)
Short Float %1.88%
Short Ratio2.89
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)0.33%
PT rev (3m)-16.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.23%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.13%
Revenue NQ rev (3m)-0.52%
Revenue NY rev (1m)-1.71%
Revenue NY rev (3m)-1.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.3 | ||
| Fwd PE | 21.47 | ||
| P/S | 4.02 | ||
| P/FCF | 32.69 | ||
| P/OCF | 31.16 | ||
| P/B | 17.1 | ||
| P/tB | 24.32 | ||
| EV/EBITDA | 33.14 |
EPS(TTM)1.1
EY3.53%
EPS(NY)1.45
Fwd EY4.66%
FCF(TTM)0.95
FCFY3.06%
OCF(TTM)1
OCFY3.21%
SpS7.74
BVpS1.82
TBVpS1.28
PEG (NY)0.72
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 | 3.83 |
F-Score8
WACC10.52%
ROIC/WACC2.04
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)103.7%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%93.33%
EPS Next Y39.51%
EPS Next 2Y29.84%
EPS Next 3Y21.71%
EPS Next 5Y27.76%
Revenue 1Y (TTM)19.96%
Revenue growth 3Y27.67%
Revenue growth 5Y39.25%
Sales Q2Q%14.47%
Revenue Next Year9.84%
Revenue Next 2Y9.66%
Revenue Next 3Y9.43%
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 5Y32.58%
FCF growth 1Y2197.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1283.74%
OCF growth 3YN/A
OCF growth 5YN/A