Executive Summary
Docebo Inc. provides a cloud-based SaaS learning platform to train external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Docebo's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DCBO is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: DCBO's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
-12.0%
DCBO
-0.4%
CA Software
-0.5%
CA Market
1 Year Return
325.7%
DCBO
42.9%
CA Software
1.7%
CA Market
Return vs Industry: DCBO exceeded the Canadian Software industry which returned 42.9% over the past year.
Return vs Market: DCBO exceeded the Canadian Market which returned 1.7% over the past year.
Shareholder returns
| DCBO | Industry | Market | |
|---|---|---|---|
| 7 Day | -12.0% | -0.4% | -0.5% |
| 30 Day | 7.2% | 5.7% | 3.4% |
| 90 Day | 26.2% | 20.7% | 12.3% |
| 1 Year | 325.7%325.7% | 43.5%42.9% | 5.3%1.7% |
| 3 Year | n/a | 65.6%62.2% | 13.0%2.3% |
| 5 Year | n/a | 172.0%162.6% | 66.2%40.7% |
Long-Term Price Volatility Vs. Market
How volatile is Docebo's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Could The Docebo Inc. (TSE:DCBO) Ownership Structure Tell Us Something Useful?1 month ago | Simply Wall St
The Director of Docebo Inc. (TSE:DCBO), James Merkur, Just Sold CA$954k Of Their Holding2 months ago | Simply Wall St
Docebo Inc. (TSE:DCBO) Released Earnings Last Week And Analysts Lifted Their Price Target To US$49.19Valuation
Is Docebo undervalued compared to its fair value and its price relative to the market?
35.27x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: DCBO (CA$69.43) is trading above our estimate of fair value (CA$6.42)
Significantly Below Fair Value: DCBO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DCBO is unprofitable, so we can't compare its PE Ratio to the CA Software industry average.
PE vs Market: DCBO is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DCBO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DCBO is overvalued based on its PB Ratio (35.3x) compared to the CA Software industry average (8x).
Next Steps
Future Growth
How is Docebo forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
79.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DCBO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: DCBO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: DCBO's is expected to become profitable in the next 3 years.
Revenue vs Market: DCBO's revenue (34.9% per year) is forecast to grow faster than the Canadian market (7.9% per year).
High Growth Revenue: DCBO's revenue (34.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if DCBO's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Docebo performed over the past 5 years?
-15.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DCBO is currently unprofitable.
Growing Profit Margin: DCBO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DCBO is unprofitable, and losses have increased over the past 5 years at a rate of 15.4% per year.
Accelerating Growth: Unable to compare DCBO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DCBO is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (31.8%).
Return on Equity
High ROE: DCBO has a negative Return on Equity (-16.03%), as it is currently unprofitable.
Next Steps
Financial Health
How is Docebo's financial position?
Financial Position Analysis
Short Term Liabilities: DCBO's short term assets ($82.3M) exceed its short term liabilities ($39.3M).
Long Term Liabilities: DCBO's short term assets ($82.3M) exceed its long term liabilities ($4.5M).
Debt to Equity History and Analysis
Debt Level: DCBO's debt to equity ratio (0.04%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if DCBO's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: DCBO has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if DCBO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Docebo current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DCBO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DCBO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DCBO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DCBO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DCBO's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.0yrs
Average management tenure
CEO
Claudio Erba (46 yo)
16yrs
Tenure
US$832,774
Compensation
Mr. Claudio Erba serves as Founder of Docebo S.p.A., and has been its Chief Executive Officer since March 2005. He serves as a Director at Docebo S.p.A. Mr. Erba served as a Board Vice President of RYSTO s...
CEO Compensation Analysis
Compensation vs Market: Claudio's total compensation ($USD832.77K) is below average for companies of similar size in the Canadian market ($USD2.04M).
Compensation vs Earnings: Insufficient data to compare Claudio's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 16yrs | US$832.77k | 4.55% $ 103.0m | |
| Chief Financial Officer | no data | US$776.22k | 0.11% $ 2.6m | |
| Chief Operating Officer | 3yrs | US$533.99k | no data | |
| Chief Technology Officer | 9yrs | US$298.33k | no data | |
| Chief Revenue Officer | 9yrs | US$674.46k | no data | |
| Communications & Public Relations Manager | no data | no data | no data | |
| Global Head of Learning & Support | 1yr | no data | no data |
9.0yrs
Average Tenure
Experienced Management: DCBO's management team is seasoned and experienced (9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 16yrs | US$832.77k | 4.55% $ 103.0m | |
| Independent Director | 1.5yrs | US$74.10k | 0.048% $ 1.1m | |
| Independent Chair of the Board | no data | US$69.29k | 51.26% $ 1.2b | |
| Independent Director | 2.25yrs | US$149.17k | 0.046% $ 1.0m | |
| Director | 1.5yrs | US$292.50k | 0% $ 0 | |
| Independent Director | 3.67yrs | US$69.29k | 0.13% $ 2.9m |
2.3yrs
Average Tenure
49.5yo
Average Age
Experienced Board: DCBO's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DCBO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.6%.
Top Shareholders
Company Information
Docebo Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Docebo Inc.
- Ticker: DCBO
- Exchange: TSX
- Founded: 2005
- Industry: Application Software
- Sector: Software
- Market Cap: CA$2.263b
- Shares outstanding: 32.60m
- Website: https://www.docebo.com
Number of Employees
Location
- Docebo Inc.
- 366 Adelaide Street West
- Suite 701
- Toronto
- Ontario
- M5V 1R9
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DCBO | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Oct 2019 |
| DCBO | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Oct 2019 |
Biography
Docebo Inc. provides a cloud-based SaaS learning platform to train external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centra...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 00:42 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.