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Added to YB: 2026-10-15

Pitch date: 2026-10-12

DCBO [bullish]

Docebo Inc.

+10.27%

current return

Author Info

Spread Hunters is an investor community focused on hunting spreads: opportunities where there is a mismatch between market price and the value we see in special situations, merger arbitrage, odd‑lots and other corporate events. Sign up for the newsletter.

Company Info

Docebo Inc. develops and provides learning management platform for training in Canada, the United States, and internationally.

Market Cap

CAD 630.5M

Pitch Price

CAD 36.23

Price Target

N/A

Dividend

N/A

EV/EBITDA

17.58

P/E

20.76

EV/Sales

2.62

Sector

Software

Category

value

Show full summary:
Monthly SpreadHunters Monitoring #9 - Docebo Inc.

DCBO (hold): Docebo trades at 2.0x EV/sales, ~9x forward adjusted EV/EBITDA and 11.5x forward P/E versus a $30 weighted target. Q2 revenue rose 13% and ARR 9.5%, supporting the growth-reacceleration thesis, but the buyback catalyst weakened after only 99,332 shares entered the second issuer bid, leaving ~24.9M shares versus ~22M modeled. Further slowdown and a modest-premium Intercap squeeze-out remain risks.

Read full article (2 min)