Docebo Inc
TSX:DCBO

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Docebo Inc
TSX:DCBO
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Price: 43.48 CAD 0.69% Market Closed
Market Cap: 1.3B CAD

Relative Value

The Relative Value of one DCBO stock under the Base Case scenario is 48.34 CAD. Compared to the current market price of 43.48 CAD, Docebo Inc is Undervalued by 10%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

DCBO Relative Value
Base Case
48.34 CAD
Undervaluation 10%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
28
Median 3Y
7.6
Median 5Y
8.4
Industry
2.3
Forward
3.9
vs History
48
vs Industry
17
Median 3Y
83.4
Median 5Y
33.5
Industry
22.1
Forward
26.2
vs History
67
vs Industry
18
Median 3Y
56.2
Median 5Y
56.2
Industry
16.7
vs History
53
vs Industry
19
Median 3Y
43.4
Median 5Y
43.4
Industry
20.9
vs History
35
vs Industry
6
Median 3Y
9.5
Median 5Y
11
Industry
2.8
vs History
96
vs Industry
29
Median 3Y
6.6
Median 5Y
7.4
Industry
2.3
Forward
3.5
vs History
96
vs Industry
42
Median 3Y
8.2
Median 5Y
9.2
Industry
4.6
vs History
29
vs Industry
13
Median 3Y
36
Median 5Y
-100
Industry
12.2
Forward
18.9
vs History
24
vs Industry
11
Median 3Y
-65.9
Median 5Y
-112.1
Industry
15.7
Forward
23.5
vs History
67
vs Industry
19
Median 3Y
53
Median 5Y
53
Industry
15.1
vs History
62
vs Industry
19
Median 3Y
49.9
Median 5Y
49.9
Industry
18.1
vs History
96
vs Industry
7
Median 3Y
21.2
Median 5Y
23.3
Industry
2.3

Multiples Across Competitors

DCBO Competitors Multiples
Docebo Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Docebo Inc
TSX:DCBO
1.3B CAD 4.4 35.5 38.5 45.3
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
DE
SAP SE
XETRA:SAP
297.8B EUR 8.5 52 28.1 32.1
US
Palantir Technologies Inc
NYSE:PLTR
264.7B USD 92.4 572.7 758.7 835.9
US
Salesforce Inc
NYSE:CRM
257.7B USD 6.8 41.6 22.6 32.9
US
Intuit Inc
NASDAQ:INTU
174.3B USD 10.2 57.4 36.5 43.8
US
Adobe Inc
NASDAQ:ADBE
164.9B USD 7.5 24.4 18.2 20.2
US
NCR Corp
LSE:0K45
116.8B USD 41.3 123.8 346.6 2 857.2
US
Microstrategy Inc
NASDAQ:MSTR
93.8B USD 202.4 -80.4 -2 227.9 -1 599.3
US
Applovin Corp
NASDAQ:APP
95B USD 20.2 60.3 42.1 52.2
US
Cadence Design Systems Inc
NASDAQ:CDNS
82.2B USD 16.9 76 48.1 54.9
P/S Multiple
Revenue Growth P/S to Growth
CA
Docebo Inc
TSX:DCBO
Average P/S: 21 301.9
4.4
N/A N/A
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
DE
SAP SE
XETRA:SAP
8.5
12%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
92.4
32%
2.9
US
Salesforce Inc
NYSE:CRM
6.8
10%
0.7
US
Intuit Inc
NASDAQ:INTU
10.2
13%
0.8
US
Adobe Inc
NASDAQ:ADBE
7.5
10%
0.7
US
N
NCR Corp
LSE:0K45
41.3
-8%
N/A
US
Microstrategy Inc
NASDAQ:MSTR
202.4
3%
67.5
US
Applovin Corp
NASDAQ:APP
20.2
20%
1
US
Cadence Design Systems Inc
NASDAQ:CDNS
16.9
13%
1.3
P/E Multiple
Earnings Growth PEG
CA
Docebo Inc
TSX:DCBO
Average P/E: 116
35.5
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
DE
SAP SE
XETRA:SAP
52
50%
1
US
Palantir Technologies Inc
NYSE:PLTR
572.7
68%
8.4
US
Salesforce Inc
NYSE:CRM
41.6
32%
1.3
US
Intuit Inc
NASDAQ:INTU
57.4
34%
1.7
US
Adobe Inc
NASDAQ:ADBE
24.4
26%
0.9
US
N
NCR Corp
LSE:0K45
123.8
-51%
N/A
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -80.4 N/A N/A
US
Applovin Corp
NASDAQ:APP
60.3
39%
1.5
US
Cadence Design Systems Inc
NASDAQ:CDNS
76
33%
2.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Docebo Inc
TSX:DCBO
Average EV/EBITDA: 148.8
38.5
50%
0.8
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
DE
SAP SE
XETRA:SAP
28.1
19%
1.5
US
Palantir Technologies Inc
NYSE:PLTR
758.7
105%
7.2
US
Salesforce Inc
NYSE:CRM
22.6
21%
1.1
US
Intuit Inc
NASDAQ:INTU
36.5
29%
1.3
US
Adobe Inc
NASDAQ:ADBE
18.2
17%
1.1
US
N
NCR Corp
LSE:0K45
346.6
11%
31.5
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -2 227.9 N/A N/A
US
Applovin Corp
NASDAQ:APP
42.1
38%
1.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
48.1
25%
1.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Docebo Inc
TSX:DCBO
Average EV/EBIT: 441.6
45.3
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
DE
SAP SE
XETRA:SAP
32.1
21%
1.5
US
Palantir Technologies Inc
NYSE:PLTR
835.9
108%
7.7
US
Salesforce Inc
NYSE:CRM
32.9
33%
1
US
Intuit Inc
NASDAQ:INTU
43.8
35%
1.3
US
Adobe Inc
NASDAQ:ADBE
20.2
20%
1
US
N
NCR Corp
LSE:0K45
2 857.2
84%
34
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 599.3 N/A N/A
US
Applovin Corp
NASDAQ:APP
52.2
40%
1.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
54.9
27%
2