Could Docebo Stock Reach $200?
Could Docebo Stock Reach $200?
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Docebo (TSX:DCBO) is a TSX tech stock that went public in late 2019. In fewer than five years, Docebo stock has returned 226% to shareholders, easily outpacing the broader index. Priced at just over $50 per share, Docebo stock is valued at a market cap of $1.6 billion and trades 55% below all-time highs. Let see if it can reach $200 and continue to deliver inflation-beating returns to shareholders.
Docebo(TSX:DCBO)是一家於2019年底上市的TSX科技股,少於五年時間裏返股226%,輕鬆超過了整個指數。每股定價50美元以上的Docebo股票市值約16億美元,較歷史最高水平低了55%。讓我們看看它是否能達到200美元,並繼續爲股東提供通脹打敗回報。
An overview of Docebo
Docebo概述
Founded in 2005, Docebo operates an enterprise-facing e-learning platform. In recent years, e-learning solutions have gained popularity as companies look at engaging ways to upskill their employee base. Docebo expects corporate training and learning to remain a key challenge for businesses as they focus on core operations.
Docebo成立於2005年,經營企業級電子學習平台。近年來,隨着公司尋求有效的方式培訓員工,電子學習解決方案越來越受歡迎。Docebo預計公司培訓和學習將繼續成爲企業的主要挑戰,因爲他們專注於核心業務。
Docebo initially operated an open-source model and was installed directly on customer servers. More than a decade ago, it transitioned towards a cloud-based SaaS (software-as-a-solutions) platform, which allowed it to benefit from recurring cash flow across business cycles.
Docebo最初採用開放源代碼模式,並直接安裝在客戶服務器上。十多年前,它轉向了基於雲的SaaS(軟件即服務)平台,使其能夠在業務週期中受益於經常性現金流。
Moreover, Docebo was among the first e-learning companies to integrate artificial intelligence (AI) capabilities into its products. It expects AI to transform corporate e-learning, providing the company with a competitive advantage as its clients continue to benefit from data-driven insights and improve workforce efficiencies.
此外,Docebo是最早將人工智能(AI)功能整合到其產品中的電子學習公司之一。它預計AI將轉變企業電子學習,爲公司提供競爭優勢,因爲其客戶會繼續受益於數據驅動型見解,並提高員工效率。
Strong revenue growth
營業收入增長強勁
Docebo reported a total revenue of US$51.4 million in the first quarter (Q1) of 2024, an increase of 24% year over year. Subscription sales stood at US$47.9 million accounting for 93% of total sales, helping the company to surpass US$200 million in annual recurring revenue.
Docebo在2024年第一季度報告總收入5140萬美元,同比增長24%。訂閱銷售額爲4790萬美元,佔總銷售額的93%,幫助公司超過20000萬美元的年度重複收入。
Docebo is now reporting consistent profits and reported an adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of US$7.5 million, indicating a margin of 14.5%, up from just 5.3% in the year-ago period. Its free cash flow was higher at US$9.2 million, indicating a margin of almost 18%, compared to a free cash outflow of US$2.3 million last year.
Docebo現在報告連續的利潤,並報告了750萬美元的調整後的EBITDA(稅息前利潤、稅、折舊和攤銷),表明利潤的比例爲14.5%,高於去年同期的5.3%。其自由現金流更高,爲920萬美元,利潤率幾乎達到18%,而去年的自由現金流流出爲230萬美元。
Docebo ended Q1 with a customer base of 3,833, up from 3,506 last year. Its average contract value also rose from US$47,034 to US$52,492 in the last 12 months. An expanding customer base and rising customer spending should help Docebo maintain its top-line growth going forward.
Docebo在Q1的客戶基礎上達到了3,833,而去年爲3,506。其平均合同價值在過去12個月中也從47,034美元上漲至52,492美元。擴大的客戶基礎和上升的客戶支出將有助於Docebo保持其收入的增長。
Doceboâs asset-light business should help it benefit from operating leverage and expand adjusted earnings per share (EPS) from $0.11 in 2023 to $0.99 in 2024 and $1.47 in 2025.
Docebo的資產輕型業務應有助於使其受益於運營槓桿,並將調整後的每股收益(EPS)從2023年的0.11美元擴大到2024年的0.99美元,2025年的1.47美元。
Analysts remain bullish on DCBO stock and expect shares to close to 40% in the next 12 months.
分析師們看好DCBO的股票,並預計股價將在未來12個月內上漲至近40%。
The Foolish takeaway
愚蠢的帶走
For Docebo stock to surge to $200, it has to gain 300% from current levels. Bay Street forecasts Doceboâs earnings per share to expand to $1.47 per share in 2025. If we assume earnings to grow by a rate of 22% between 2025 and 2030, its EPS should increase to $5 per share by the end of the forecast period. For the tech stock to trade at $200, it would then be priced at 50 times forward earnings.
爲了使Docebo股票從目前的水平飆升到200美元,它必須增長300%。Bay Street預計Docebo的每股收益將在2025年擴大至1.47美元。如果我們假設每股收益在2025年至2030年間以22%的速度增長,那麼到預測期結束時,每股收益將達到5美元。爲了使這隻科技股票以200美元的價格交易,那麼它的價格將定爲50倍的前瞻性業績。
I believe that Docebo might trade close to $200 per share by the end of the current decade if its earnings growth is sustained over 25% going forward.
我相信如果Docebo的收益增長在未來的25%中持續下去,它的股價可能會接近每股200美元。
The post Could Docebo Stock Reach $200? appeared first on The Motley Fool Canada.
這篇文章最初發表在The Motley Fool Canada。