Company Valuation: Docebo Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,199 1,088 1,469 1,354 639 617.2 - -
Change - -50.53% 35.05% -7.82% -52.82% -3.41% - -
Enterprise Value (EV) 1 1,983 871.5 1,397 1,262 564.9 651 600.1 670.6
Change - -56.06% 60.31% -9.69% -55.22% 15.23% -7.81% 11.75%
P/E -164x 157x 606x 118x 17.4x 31.2x 16.2x 16.9x
PBR - 5.66x 29x 23.5x 8.63x - - -
PEG - -1x -9.8x 0x 0x -0.8x 0.2x -4.03x
Capitalization / Revenue 21.1x 7.61x 8.12x 6.24x 2.63x 2.24x 2.03x 1.82x
EV / Revenue 19x 6.1x 7.73x 5.82x 2.33x 2.36x 1.98x 1.98x
EV / EBITDA -249x 676x 85.8x 37.5x 12.9x 11.7x 8.98x 8.38x
EV / EBIT -162x 208x -377x 59.3x 24.3x 25.5x 12.7x 11.3x
EV / FCF -451x 722x 91.1x 45.1x 20.8x 14.2x 11x -
FCF Yield -0.22% 0.14% 1.1% 2.22% 4.81% 7.03% 9.08% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.41 0.21 0.08 0.38 1.28 0.7951 1.534 1.47
Distribution rate - - - - - - - -
Net sales 1 104.2 142.9 180.8 216.9 242.7 275.6 303.4 339.5
EBITDA 1 -7.969 1.289 16.28 33.62 43.89 55.62 66.85 80.03
EBIT 1 -12.25 4.185 -3.71 21.29 23.24 25.49 47.31 59.4
Net income 1 -13.6 7.018 2.84 26.74 37.51 20.72 40.49 40.4
Net Debt 1 -215.3 -216.3 -71.95 -92.54 -74.04 33.78 -17.07 53.43
Reference price 2 67.06 33.06 48.45 44.80 22.24 24.79 24.79 24.79
Nbr of stocks (in thousands) 32,784 32,906 30,319 30,228 28,735 24,899 - -
Announcement Date 10/03/22 09/03/23 23/02/24 28/02/25 27/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.54x9.06x14.76x0.81% 3,588B
118.8x51.34x83.33x-.--% 432B
66.45x14.02x29.56x-.--% 87.86B
417.68x17.92x70.83x-.--% 84.61B
147.43x8.65x22.06x-.--% 76.18B
39.64x2x15.94x-.--% 71.99B
125.01x5.14x24.78x-.--% 44.8B
173.64x5.51x21.29x-.--% 43.49B
22.53x4.3x11.86x1.26% 34.67B
Average 126.19x 13.10x 32.71x 0.23% 496.04B
Weighted average by Cap. 46.73x 13.19x 23.04x 0.66%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA