Docebo Inc
TSX:DCBO

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Docebo Inc
TSX:DCBO
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Price: 39.81 CAD 0.53% Market Closed
Market Cap: 1.2B CAD

Relative Value

The Relative Value of one DCBO stock under the Base Case scenario is 51.7 CAD. Compared to the current market price of 39.81 CAD, Docebo Inc is Undervalued by 23%.

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
51.7 CAD
Undervaluation 23%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
95
vs Industry
28
Median 3Y
7.4
Median 5Y
8.3
Industry
2.5
Forward
3.5
vs History
49
vs Industry
17
Median 3Y
83.4
Median 5Y
38.4
Industry
23.1
Forward
24.6
vs History
69
vs Industry
18
Median 3Y
56.2
Median 5Y
56.2
Industry
17.4
vs History
55
vs Industry
19
Median 3Y
43.4
Median 5Y
43.4
Industry
21.6
vs History
38
vs Industry
6
Median 3Y
15.6
Median 5Y
11.3
Industry
3
vs History
95
vs Industry
29
Median 3Y
6.3
Median 5Y
7.4
Industry
2.5
Forward
3.2
vs History
95
vs Industry
42
Median 3Y
7.8
Median 5Y
9.1
Industry
5
vs History
31
vs Industry
13
Median 3Y
32.7
Median 5Y
-100
Industry
12.7
Forward
18.5
vs History
26
vs Industry
11
Median 3Y
34.7
Median 5Y
-112.1
Industry
16.4
Forward
27.4
vs History
69
vs Industry
19
Median 3Y
53
Median 5Y
53
Industry
15.9
vs History
65
vs Industry
19
Median 3Y
49.9
Median 5Y
49.9
Industry
19.1
vs History
95
vs Industry
7
Median 3Y
20.9
Median 5Y
23.3
Industry
2.5

Multiples Across Competitors

DCBO Competitors Multiples
Docebo Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Docebo Inc
TSX:DCBO
1.2B CAD 3.9 37.9 32.1 37.3
DE
SAP SE
XETRA:SAP
308B EUR 8.8 53.7 29 33.2
US
Palantir Technologies Inc
NYSE:PLTR
327.7B USD 105.2 574.2 740.2 794.5
US
Salesforce Inc
NYSE:CRM
262.6B USD 6.8 42.3 22.3 32.1
US
Intuit Inc
NASDAQ:INTU
218.1B USD 12 62.9 39.8 46.6
US
NCR Corp
LSE:0K45
177.7B USD 51.6 192.7 555.2 3 960.7
US
Adobe Inc
NASDAQ:ADBE
162.8B USD 7.2 23.7 18.6 20.6
US
Applovin Corp
NASDAQ:APP
116.7B USD 22.7 60.8 42.7 50.1
US
Microstrategy Inc
NASDAQ:MSTR
105.7B USD 230 -19.8 -3 305.7 -1 711.5
US
Cadence Design Systems Inc
NASDAQ:CDNS
88.3B USD 18.1 81.6 51.7 59
US
Synopsys Inc
NASDAQ:SNPS
85.6B USD 13.8 39.6 51.9 62.6
P/S Multiple
Revenue Growth P/S to Growth
CA
Docebo Inc
TSX:DCBO
Average P/S: 43.6
3.9
N/A N/A
DE
SAP SE
XETRA:SAP
8.8
12%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
105.2
33%
3.2
US
Salesforce Inc
NYSE:CRM
6.8
10%
0.7
US
Intuit Inc
NASDAQ:INTU
12
14%
0.9
US
N
NCR Corp
LSE:0K45
51.6
-8%
N/A
US
Adobe Inc
NASDAQ:ADBE
7.2
10%
0.7
US
Applovin Corp
NASDAQ:APP
22.7
22%
1
US
Microstrategy Inc
NASDAQ:MSTR
230
4%
57.5
US
Cadence Design Systems Inc
NASDAQ:CDNS
18.1
12%
1.5
US
Synopsys Inc
NASDAQ:SNPS
13.8
12%
1.1
P/E Multiple
Earnings Growth PEG
CA
Docebo Inc
TSX:DCBO
Average P/E: 116.9
37.9
N/A N/A
DE
SAP SE
XETRA:SAP
53.7
50%
1.1
US
Palantir Technologies Inc
NYSE:PLTR
574.2
73%
7.9
US
Salesforce Inc
NYSE:CRM
42.3
31%
1.4
US
Intuit Inc
NASDAQ:INTU
62.9
36%
1.7
US
N
NCR Corp
LSE:0K45
192.7
-46%
N/A
US
Adobe Inc
NASDAQ:ADBE
23.7
27%
0.9
US
Applovin Corp
NASDAQ:APP
60.8
44%
1.4
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -19.8 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
81.6
33%
2.5
US
Synopsys Inc
NASDAQ:SNPS
39.6
11%
3.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Docebo Inc
TSX:DCBO
Average EV/EBITDA: 158.4
32.1
43%
0.7
DE
SAP SE
XETRA:SAP
29
19%
1.5
US
Palantir Technologies Inc
NYSE:PLTR
740.2
109%
6.8
US
Salesforce Inc
NYSE:CRM
22.3
24%
0.9
US
Intuit Inc
NASDAQ:INTU
39.8
28%
1.4
US
N
NCR Corp
LSE:0K45
555.2
12%
46.3
US
Adobe Inc
NASDAQ:ADBE
18.6
17%
1.1
US
Applovin Corp
NASDAQ:APP
42.7
42%
1
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -3 305.7 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
51.7
27%
1.9
US
Synopsys Inc
NASDAQ:SNPS
51.9
34%
1.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Docebo Inc
TSX:DCBO
Average EV/EBIT: 509.7
37.3
N/A N/A
DE
SAP SE
XETRA:SAP
33.2
21%
1.6
US
Palantir Technologies Inc
NYSE:PLTR
794.5
110%
7.2
US
Salesforce Inc
NYSE:CRM
32.1
33%
1
US
Intuit Inc
NASDAQ:INTU
46.6
37%
1.3
US
N
NCR Corp
LSE:0K45
3 960.7
90%
44
US
Adobe Inc
NASDAQ:ADBE
20.6
20%
1
US
Applovin Corp
NASDAQ:APP
50.1
45%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 711.5 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
59
28%
2.1
US
Synopsys Inc
NASDAQ:SNPS
62.6
39%
1.6