Docebo Inc.
Docebo Inc. Fundamental Analysis
Docebo Inc. (DCBO.TO) shows strong financial fundamentals with a PE ratio of 12.91, profit margin of 15.58%, and ROE of 73.40%. The company generates $0.2B in annual revenue with strong year-over-year growth of 19.96%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 78.2/100 based on profitability, valuation, growth, and balance sheet metrics. The B grade reflects solid fundamentals with room for improvement in valuation or growth.
Fundamental Health Score
We analyze DCBO.TO's fundamental strength across five key dimensions:
Efficiency Score
ExcellentDCBO.TO demonstrates superior asset utilization.
Valuation Score
ExcellentDCBO.TO trades at attractive valuation levels.
Growth Score
ModerateDCBO.TO shows steady but slowing expansion.
Financial Health Score
ExcellentDCBO.TO maintains a strong and stable balance sheet.
Profitability Score
ExcellentDCBO.TO achieves industry-leading margins.
Key Financial Metrics
Is DCBO.TO Expensive or Cheap?
P/E Ratio
DCBO.TO trades at 12.91 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, DCBO.TO's PEG of 0.24 indicates potential undervaluation.
Price to Book
The market values Docebo Inc. at 6.61 times its book value. This suggests the stock is fully valued or overvalued on an asset basis.
EV/EBITDA
Enterprise value stands at 19.87 times EBITDA. This signals the market has high growth expectations.
How Well Does DCBO.TO Make Money?
Net Profit Margin
For every $100 in sales, Docebo Inc. keeps $15.58 as profit after all expenses.
Operating Margin
Core operations generate 9.66 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $73.40 in profit for every $100 of shareholder equity.
ROA
Docebo Inc. generates $18.35 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Docebo Inc. produces operating cash flow of $28.25M, showing steady but balanced cash generation.
Free Cash Flow
Docebo Inc. generates strong free cash flow of $27.27M, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $0.95 in free cash annually.
FCF Yield
DCBO.TO converts 5.58% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
12.91
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
0.24
vs 25 benchmark
P/B Ratio
Price to book value ratio
6.61
vs 25 benchmark
P/S Ratio
Price to sales ratio
2.01
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.06
vs 25 benchmark
Current Ratio
Current assets to current liabilities
1.15
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.73
vs 25 benchmark
ROA
Return on assets percentage
0.18
vs 25 benchmark
ROCE
Return on capital employed
0.28
vs 25 benchmark
How DCBO.TO Stacks Against Its Sector Peers
| Metric | DCBO.TO Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 12.91 | 34.22 | Better (Cheaper) |
| ROE | 73.40% | 1033.00% | Weak |
| Net Margin | 15.58% | -48116.00% (disorted) | Strong |
| Debt/Equity | 0.06 | 0.44 | Strong (Low Leverage) |
| Current Ratio | 1.15 | 5.66 | Neutral |
| ROA | 18.35% | -288969.00% (disorted) | Strong |
DCBO.TO outperforms its industry in 4 out of 6 key metrics, particularly excelling in Net Margin, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Docebo Inc.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
322.02%
Industry Style: Growth, Innovation, High Beta
High GrowthEPS CAGR
280.93%
Industry Style: Growth, Innovation, High Beta
High GrowthFCF CAGR
614.65%
Industry Style: Growth, Innovation, High Beta
High Growth