Docebo Inc (DCBO) - Net Assets
Based on the latest financial reports, Docebo Inc (DCBO) has net assets worth CA$45.24 Million CAD (≈ $32.72 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$173.23 Million ≈ $125.31 Million USD) and total liabilities (CA$127.99 Million ≈ $92.59 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of Docebo Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$45.24 Million |
| % of Total Assets | 26.11% |
| Annual Growth Rate | N/A |
| 5-Year Change | -71.22% |
| 10-Year Change | N/A |
| Growth Volatility | 224.24 |
Docebo Inc - Net Assets Trend (2017–2024)
This chart illustrates how Docebo Inc's net assets have evolved over time, based on quarterly financial data. See DCBO cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Docebo Inc (2017–2024)
The table below shows the annual net assets of Docebo Inc from 2017 to 2024. For live valuation and market cap data, see DCBO stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$57.76 Million ≈ $41.78 Million |
+13.88% |
| 2023-12-31 | CA$50.72 Million ≈ $36.69 Million |
-73.61% |
| 2022-12-31 | CA$192.21 Million ≈ $139.04 Million |
+0.82% |
| 2021-12-31 | CA$190.66 Million ≈ $137.92 Million |
-4.99% |
| 2020-12-31 | CA$200.67 Million ≈ $145.16 Million |
+539.46% |
| 2019-12-31 | CA$31.38 Million ≈ $22.70 Million |
+287.06% |
| 2018-12-31 | CA$-16.78 Million ≈ $-12.14 Million |
-172.53% |
| 2017-12-31 | CA$-6.16 Million ≈ $-4.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Docebo Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 19050971100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$253.29 Million | 438.52% |
| Other Comprehensive Income | CA$-9.28 Million | -16.06% |
| Other Components | CA$19.11 Million | 33.08% |
| Total Equity | CA$57.76 Million | 100.00% |
Docebo Inc Competitors by Market Cap
The table below lists competitors of Docebo Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Guoli Sci&Tech Co Ltd Class A
SHE:300716
|
$504.15 Million |
|
Hunan Creator Information Technologies Co Ltd Class A
SHE:300730
|
$504.24 Million |
|
Strata Critical Medical, Inc.
NASDAQ:SRTA
|
$504.45 Million |
|
Fullink Technology Co. LTD.
SHE:301067
|
$504.55 Million |
|
Shanghai Laimu Electronics Co Ltd
SHG:603633
|
$504.02 Million |
|
Meridian Mining UK Societas
TO:MNO
|
$503.69 Million |
|
BlackRock Health Sciences Trust
NYSE:BME
|
$503.65 Million |
|
Zhe Jiang Li Zi Yuan Food Co Ltd
SHG:605337
|
$503.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Docebo Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 50,721,000 to 57,761,000, a change of 7,040,000 (13.9%).
- Net income of 26,736,000 contributed positively to equity growth.
- Share repurchases of 11,024,000 reduced equity.
- Other comprehensive income decreased equity by 3,329,000.
- Other factors decreased equity by 5,343,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$26.74 Million | +46.29% |
| Share Repurchases | CA$11.02 Million | -19.09% |
| Other Comprehensive Income | CA$-3.33 Million | -5.76% |
| Other Changes | CA$-5.34 Million | -9.25% |
| Total Change | CA$- | 13.88% |
Book Value vs Market Value Analysis
This analysis compares Docebo Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 13.04x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$-0.17 | CA$24.25 | x |
| 2018-12-31 | CA$-0.56 | CA$24.25 | x |
| 2019-12-31 | CA$1.29 | CA$24.25 | x |
| 2020-12-31 | CA$6.94 | CA$24.25 | x |
| 2021-12-31 | CA$5.80 | CA$24.25 | x |
| 2022-12-31 | CA$5.65 | CA$24.25 | x |
| 2023-12-31 | CA$1.51 | CA$24.25 | x |
| 2024-12-31 | CA$1.86 | CA$24.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Docebo Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 46.29%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.32%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 3.30x
- Recent ROE (46.29%) is above the historical average (0.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -42.70% | 1.80x | 0.00x | CA$-6.80 Million |
| 2018 | 0.00% | -41.63% | 2.04x | 0.00x | CA$-9.59 Million |
| 2019 | -37.97% | -28.75% | 0.65x | 2.03x | CA$-15.05 Million |
| 2020 | -3.81% | -12.17% | 0.25x | 1.27x | CA$-27.72 Million |
| 2021 | -7.13% | -13.05% | 0.39x | 1.41x | CA$-32.67 Million |
| 2022 | 3.65% | 4.91% | 0.50x | 1.48x | CA$-12.20 Million |
| 2023 | 5.60% | 1.57% | 1.14x | 3.12x | CA$-2.23 Million |
| 2024 | 46.29% | 12.32% | 1.14x | 3.30x | CA$20.96 Million |
Industry Comparison
This section compares Docebo Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $160,674,687
- Average return on equity (ROE) among peers: -354.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Docebo Inc (DCBO) | CA$45.24 Million | 0.00% | 2.83x | $504.07 Million |
| Abaxx Technologies Inc (ABXX) | $27.94 Million | -42.69% | 0.05x | $920.67 Million |
| Adcore Inc (ADCO) | $12.20 Million | -2.27% | 0.42x | $7.49 Million |
| AnalytixInsight Inc (ALY) | $6.69 Million | -62.32% | 0.10x | $1.76 Million |
| Agereh Technologies Inc (AUTO) | $-5.56 Million | 0.00% | 0.00x | $3.75 Million |
| Acceleware Ltd (AXE) | $382.84K | -112.58% | 1.94x | $12.88 Million |
| BLUERUSH Media Group Corp (BTV) | $127.22K | -2633.08% | 15.00x | $356.37K |
| Boardwalktech Software Corp (BWLK) | $426.27K | -836.00% | 8.35x | $2.54 Million |
| Computer Modelling Group Ltd. (CMG) | $43.42 Million | 46.50% | 1.82x | $218.50 Million |
| Constellation Software Inc. (CSU) | $1.52 Billion | 20.39% | 2.79x | $42.16 Billion |
| NamSys Inc (CTZ) | $1.12 Million | 76.82% | 0.24x | $23.31 Million |
About Docebo Inc
Docebo Inc. develops and provides a learning management platform for training in North America and internationally. Its solutions allow customers to take control of training strategies and retain institutional knowledge, while providing efficient course delivery, advanced reporting tools, and analytics. The company's cloud platform consists of a learning suite, which includes Docebo Learn platfor… Read more