Executive Summary
Docebo Inc. provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Excellent balance sheet with limited growth.
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 less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: DCBO's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
1.3%
DCBO
2.0%
CA Software
1.4%
CA Market
1 Year Return
88.6%
DCBO
45.9%
CA Software
29.1%
CA Market
Return vs Industry: DCBO exceeded the Canadian Software industry which returned 45.9% over the past year.
Return vs Market: DCBO exceeded the Canadian Market which returned 29.1% over the past year.
Shareholder returns
| DCBO | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 2.0% | 1.4% |
| 30 Day | 13.1% | 2.5% | -0.2% |
| 90 Day | 27.3% | 8.3% | 3.9% |
| 1 Year | 88.6%88.6% | 52.1%45.9% | 33.0%29.1% |
| 3 Year | n/a | 95.5%84.3% | 31.5%18.7% |
| 5 Year | n/a | 196.9%178.5% | 51.8%29.4% |
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
3 weeks ago | Simply Wall St
Are Insiders Selling Docebo Inc. (TSE:DCBO) Stock?1 month ago | Simply Wall St
Shareholders Are Thrilled That The Docebo (TSE:DCBO) Share Price Increased 147%2 months ago | Simply Wall St
When Will Docebo Inc. (TSE:DCBO) Become Profitable?Valuation
Is Docebo undervalued compared to its fair value and its price relative to the market?
11.03x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: DCBO (CA$83) is trading above our estimate of fair value (CA$36.46)
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 Canadian 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 (11x) compared to the CA Software industry average (6.3x).
Future Growth
How is Docebo forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
75.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DCBO is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: DCBO is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: DCBO is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: DCBO's revenue (27.9% per year) is forecast to grow faster than the Canadian market (5.4% per year).
High Growth Revenue: DCBO's revenue (27.9% 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
Past Performance
How has Docebo performed over the past 5 years?
-14.1%
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 14.1% 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 (17.2%).
Return on Equity
High ROE: DCBO has a negative Return on Equity (-7.12%), as it is currently unprofitable.
Financial Health
How is Docebo's financial position?
Financial Position Analysis
Short Term Liabilities: DCBO's short term assets ($240.4M) exceed its short term liabilities ($49.8M).
Long Term Liabilities: DCBO's short term assets ($240.4M) exceed its long term liabilities ($7.7M).
Debt to Equity History and Analysis
Debt Level: DCBO's debt to equity ratio (0%) 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: Whilst unprofitable DCBO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DCBO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.2% per year.
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?
3.5yrs
Average management tenure
CEO
Claudio Erba (47 yo)
16.5yrs
Tenure
US$679,833
Compensation
Mr. Claudio Erba serves as Founder of Docebo S.p.A. and has been its Chief Executive Officer since March 2005. He serves as a Director at Docebo S.p.A. Mr. Erba served as a Board Vice President of RYSTO sr...
CEO Compensation Analysis
Compensation vs Market: Claudio's total compensation ($USD679.83K) is below average for companies of similar size in the Canadian market ($USD2.07M).
Compensation vs Earnings: Claudio's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: DCBO's management team is considered experienced (3.5 years average tenure).
Board Members
Experienced Board: DCBO's board of directors are not considered experienced ( 2.4 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: Insufficient data to determine if insiders have bought more shares than they have sold 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$2.714b
- Shares outstanding: 32.69m
- Website: https://www.docebo.com
Number of Employees
Location
- Docebo Inc.
- 366 Adelaide Street West
- Suite 701
- Toronto
- Ontario
- M5V 1R9
- Canada
Listings
Biography
Docebo Inc. provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps cu...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/31 22:42 |
| End of Day Share Price | 2021/07/30 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.