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 1,354 639 630.5 - -
Change - -50.53% 35.05% -7.82% -52.82% -1.33% - -
Enterprise Value (EV) 1 1,983 871.5 1,397 1,262 564.9 664.3 613.4 683.9
Change - -56.06% 60.31% -9.69% -55.22% 17.58% -7.65% 11.49%
P/E -164x 157x 606x 118x 17.4x 31.8x 16.5x 17.2x
PBR - 5.66x 29x 23.5x 8.63x - - -
PEG - -1x -9.8x 0x 0x -0.8x 0.2x -4.1x
Capitalization / Revenue 21.1x 7.61x 8.12x 6.24x 2.63x 2.29x 2.08x 1.86x
EV / Revenue 19x 6.1x 7.73x 5.82x 2.33x 2.41x 2.02x 2.01x
EV / EBITDA -249x 676x 85.8x 37.5x 12.9x 11.9x 9.18x 8.55x
EV / EBIT -162x 208x -377x 59.3x 24.3x 26.1x 13x 11.5x
EV / FCF -451x 722x 91.1x 45.1x 20.8x 14.5x 11.3x -
FCF Yield -0.22% 0.14% 1.1% 2.22% 4.81% 6.89% 8.89% -
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 25.32 25.32 25.32
Nbr of stocks (in thousands) 32,784 32,906 30,319 30,228 28,735 24,899 - -
Announcement Date 3/10/22 3/9/23 2/23/24 2/28/25 2/27/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.14x10.02x16.38x0.72% 3,973B
134.67x59.72x97.24x-.--% 502B
21.29x6.03x10.51x1.41% 429B
265.7x23.74x69.49x-.--% 343B
2750.4x46.13x150.88x-.--% 282B
27.1x5.44x17.15x1.4% 247B
91.18x8.86x23.71x-.--% 146B
62.98x17.02x44.82x-.--% 143B
528.09x22.55x89.11x-.--% 105B
Average 434.28x 22.17x 57.70x 0.39% 685.58B
Weighted average by Cap. 184.18x 16.37x 33.76x 0.62%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Docebo Inc.

Historical PBR trend

Valuation ratios - PBR - Docebo Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Docebo Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Docebo Inc.