Obermatt

Flags

Financial distress

Docebo

TOR:DCBO · CA25609L1058
SoftwareSmall

360

72
EV / EBIT55
Price / Owner Earnings39
Owner Earnings Yield82
Dividend Yield1
Price/Sales74
EV / Gross Profit74
Price/Book9
Return on Capital91
Cash Return on Capital100
EBIT Margin62
Gross Profitability95
Cash Conversion32
Accruals9
Owner Earnings Margin69
Sales growth62
Profit Growth25
Long-Term EPS Growth58
Owner Earnings Growth91
Reinvestment16
Price momentum40
Debt load7
Refinancing17
Debt Payback47
Liquidity84
Analyst ratings64
Opinion Changes50
Price Target Upside45
Market mood71
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Docebo generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryCanada
IndustrySoftware
SizeSmall
TypePublic Company
ExchangeTSX
Founded2016
Employees923
Websitedocebo.com
ISINCA25609L1058
Last UpdateApr 2, 2026
Themes
Process AutomationCloud Data ServicesTeam CollaborationArtificial IntelligenceE-learningText AnalyticsEdTechCorporate TrainingEducationEnterprise SoftwareSoftwareTraining

Description

Docebo Inc. (Docebo) is a learning management software company that develops and provides as a service to customers its learning management platform for training both internal and external workforces, partners and customers. The company provides an…

Analysis

Middle-of-the-road

Docebo Inc. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is attractive. You pay 13.1× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is solid and the balance sheet is adequate. The company scores 18/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
18
2023202420252026

All-time high

71

Jan 2025

All-time low

18

Jun 2026

Average rank

47

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
74
34
15
26
Price/Earnings
69
40
20
11
Price/Book
9
5
7
28
Dividend Yield
1
1
1
1
Value (overall)
45
20
4
20

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →