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Docebo (TSX:DCBO) Intrinsic Value: Projected FCF : C$4.65 (As of Dec. 14, 2024)


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What is Docebo Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-12-14), Docebo's Intrinsic Value: Projected FCF is C$4.65. The stock price of Docebo is C$71.56. Therefore, Docebo's Price-to-Intrinsic-Value-Projected-FCF of today is 15.4.

The historical rank and industry rank for Docebo's Intrinsic Value: Projected FCF or its related term are showing as below:

TSX:DCBO' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 12.73   Med: 16.3   Max: 30.04
Current: 15.39

During the past 8 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Docebo was 30.04. The lowest was 12.73. And the median was 16.30.

TSX:DCBO's Price-to-Projected-FCF is ranked worse than
94.67% of 1331 companies
in the Software industry
Industry Median: 1.75 vs TSX:DCBO: 15.39

Docebo Intrinsic Value: Projected FCF Historical Data

The historical data trend for Docebo's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Docebo Intrinsic Value: Projected FCF Chart

Docebo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial - - - - 2.13

Docebo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 2.13 3.35 4.15 4.65

Competitive Comparison of Docebo's Intrinsic Value: Projected FCF

For the Software - Application subindustry, Docebo's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Docebo's Price-to-Projected-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Docebo's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Docebo's Price-to-Projected-FCF falls into.



Docebo Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Docebo's Free Cash Flow(6 year avg) = C$6.39.

Docebo's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Sep24)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*6.38512+61.033*0.8)/30.940
=4.65

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Docebo  (TSX:DCBO) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Docebo's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=71.56/4.645320779114
=15.40

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Docebo Intrinsic Value: Projected FCF Related Terms

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Docebo Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Docebo Inc (TSX:DCBO) » Definitions » Intrinsic Value: Projected FCF
Traded in Other Exchanges
Address
366 Adelaide Street West, Suite 701, Toronto, ON, CAN, M5V 1R9
Docebo Inc is a provider of cloud-based learning management systems.. The solutions provided by the company are sold on a subscription model and subscriptions are typically structured with an initial fixed term of between one and three years, without the ability for customers to terminate for convenience. The company charges its customers based on a per-learner, per-module basis, varying depending on the size of the organization and complexity. The majority of the revenue is derived from customers based in North America.
Executives
Warburg Pincus Llc 10% Security Holder
Domenic Di Sisto Senior Officer
Alessio Artuffo Senior Officer
Francesca Bossi Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Claudio Erba Director, Senior Officer
Sukaran Mehta Senior Officer
Fabio Pirovano Senior Officer
Steven Edward Spooner Director
James Merkur Director
Jason Chapnik Director
Intercap Equity Inc. 10% Security Holder
William Alexander Anderson Director
Ian Kidson Senior Officer
Kristin Halpin Perry Director
Martino Inaja Bagini Senior Officer