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 1,354 639 461.3 - -
Change - -50.53% 35.05% -7.82% -52.82% -27.81% - -
Enterprise Value (EV) 1 1,983 871.5 1,397 1,262 564.9 456.6 398 327.2
Change - -56.06% 60.31% -9.69% -55.22% -19.18% -12.83% -17.78%
P/E -164x 157x 606x 118x 17.4x 18.1x 10.6x 11.7x
PBR - 5.66x 29x 23.5x 8.63x 21.9x 7.9x 4.32x
PEG - -1x -9.8x 0x 0x -0.8x 0.2x -1.23x
Capitalization / Revenue 21.1x 7.61x 8.12x 6.24x 2.63x 1.7x 1.54x 1.4x
EV / Revenue 19x 6.1x 7.73x 5.82x 2.33x 1.68x 1.33x 1x
EV / EBITDA -249x 676x 85.8x 37.5x 12.9x 8.26x 6x 4.12x
EV / EBIT -162x 208x -377x 59.3x 24.3x 13.5x 7.55x 4.86x
EV / FCF -451x 722x 91.1x 45.1x 20.8x 9.82x 6.88x -
FCF Yield -0.22% 0.14% 1.1% 2.22% 4.81% 10.2% 14.5% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.41 0.21 0.08 0.38 1.28 1.005 1.712 1.55
Distribution rate - - - - - - - -
Net sales 1 104.2 142.9 180.8 216.9 242.7 272.1 300.1 328.6
EBITDA 1 -7.969 1.289 16.28 33.62 43.89 55.27 66.32 79.52
EBIT 1 -12.25 4.185 -3.71 21.29 23.24 33.83 52.72 67.37
Net income 1 -13.6 7.018 2.84 26.74 37.51 25.87 47.38 44.9
Net Debt 1 -215.3 -216.3 -71.95 -92.54 -74.04 -4.673 -63.27 -134
Reference price 2 67.06 33.06 48.45 44.80 22.24 18.16 18.16 18.16
Nbr of stocks (in thousands) 32,784 32,906 30,319 30,228 28,735 25,394 - -
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.($)
22.52x8.66x14.39x0.94% 2,901B
95.85x38.68x64.67x-.--% 310B
122.06x38.96x123.24x0.14% 125B
82.92x16.67x36.22x-.--% 103B
476x20.26x81.59x-.--% 92.68B
161.55x9.42x23.28x-.--% 83.71B
34.14x1.8x14.06x-.--% 63.27B
139.06x5.43x27.23x-.--% 47.34B
-36.68x4.91x23.54x-.--% 39.67B
Average 121.94x 16.09x 45.36x 0.12% 418.39B
Weighted average by Cap. 48.80x 12.46x 24.85x 0.73%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA