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v0.1
DCBO$19.75+8.04%
Fair $19.75+0.0%

DCBO

Docebo Inc.

Technology / Software - ApplicationNasdaqGS

$19.75

+1.47 (+8.04%)

Fairly Valued+0.0%Fair Value $19.75Fund rank 35/100 · Data gapFallback financials|
SA 56/C
F-Score: 5/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $27.2M · quality 69.0/100

Data gap 35/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 63/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

56/100

C

Piotroski

5/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · DCBOLocal privado en este navegador · Docebo Inc.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$501M

P/E

16.9x

↓

EV/EBITDA

18.3x

↑

ROE

50.6%

↑

Gross Margin

80.3%

↑

Debt/Equity

0.03

↓
52-Week Range$20
$14$33

TradingView lightweight chart

DCBO price, volumen y niveles de valoración

Último $19.75Periodo -60.5%
Fair value: $19.75

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+19.3%

FCF CAGR

+182.4%

FCF margin

11.2%

FCF / Net income

0.72x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $242.7M · net income $37.5M · FCF $27.2M

2022-FY → 2025-FY

Gross margin

80.3%-0.0% pts

Operating margin

10.1%+14.9% pts

Net margin

15.5%+10.5% pts

FCF margin

11.2%+10.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$242.7M$242.7M$216.9M$180.8M$142.9M
Net Income$37.5M$37.5M$26.7M$2.8M$7.0M
EBITDA$27.8M$27.8M$27.3M$8.3M$10.5M
EPS1.281.280.860.080.21
Gross Margin80.3%80.3%81.0%80.9%80.3%
Operating Margin10.1%10.1%8.7%0.4%-4.8%
Net Margin15.5%15.5%12.3%1.6%4.9%
Balance Sheet
Debt/Equity0.030.030.030.040.02
Current Ratio0.850.85———
Cash Flow
Free Cash Flow$27.2M$27.2M$28.0M$15.3M$1.2M
Returns
ROE50.6%50.6%46.3%5.6%3.7%
Valuation
P/E16.8816.8851.26547.13153.76
EV/EBITDA18.3118.3146.73169.5484.45
P/B7.837.8323.6529.065.72
Growth & Yield
Revenue Growth11.9%11.9%20.0%26.5%—
EPS Growth48.8%48.8%975.0%-61.9%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

11.0%

razonable

EPS terminal req.

$1.75

Spread vs growth

37.8%

5Y implied EPS CAGR

10.6%

razonable

EPS terminal req.

$2.12

Spread vs growth

38.2%

10Y implied EPS CAGR

10.3%

razonable

EPS terminal req.

$3.42

Spread vs growth

38.5%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -27.7%

Total return

-27.7%

Start / end P/E

31.8x → 15.4x

EPS bridge

0.86 → 1.28

Residual

-25.1%

EPS growth+48.8%
Multiple rerating-51.4%
Dividend+0.0%
Residual / FX / buybacks / cross-term-25.1%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.