WallStSmart

Docebo Inc (DCBO)vsSAP SE ADR (SAP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SAP SE ADR generates 14777% more annual revenue ($37.34B vs $251.01M). SAP leads profitability with a 19.6% profit margin vs 13.7%. DCBO trades at a lower P/E of 15.2x. SAP earns a higher WallStSmart Score of 59/100 (C).

DCBO

Buy

51

out of 100

Grade: C-

Growth: 8.0Profit: 6.0Value: 7.7Quality: 5.0
Piotroski: 4/9Altman Z: 0.76

SAP

Buy

59

out of 100

Grade: C

Growth: 6.0Profit: 8.5Value: 4.7Quality: 6.8
Piotroski: 6/9Altman Z: 3.11
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

DCBOUndervalued (+72.2%)

Margin of Safety

+72.2%

Fair Value

$67.89

Current Price

$17.21

$50.68 discount

UndervaluedFair: $67.89Overvalued
SAPSignificantly Overvalued (-34.7%)

Margin of Safety

-34.7%

Fair Value

$145.83

Current Price

$184.77

$38.94 premium

UndervaluedFair: $145.83Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

DCBO4 strengths · Avg: 9.5/10
Return on EquityProfitability
132.9%10/10

Every $100 of equity generates 133 in profit

EPS GrowthGrowth
141.7%10/10

Earnings expanding 141.7% YoY

Debt/EquityHealth
-136.0410/10

Conservative balance sheet, low leverage

P/E RatioValuation
15.2x8/10

Attractively priced relative to earnings

SAP4 strengths · Avg: 9.3/10
Operating MarginProfitability
30.0%10/10

Strong operational efficiency at 30.0%

Altman Z-ScoreHealth
3.1110/10

Safe zone — low bankruptcy risk

Market CapQuality
$192.92B9/10

Large-cap with strong market position

Free Cash FlowQuality
$3.27B8/10

Generating 3.3B in free cash flow

Areas to Watch

DCBO3 concerns · Avg: 2.0/10
Market CapQuality
$449.78M3/10

Smaller company, higher risk/reward

Altman Z-ScoreHealth
0.762/10

Distress zone — elevated risk

Operating MarginProfitability
-0.1%1/10

Operating margin of -0.1%

SAP0 concerns · Avg: 0/10

No major concerns identified

Comparative Analysis Report

WallStSmart Research

Bull Case : DCBO

The strongest argument for DCBO centers on Return on Equity, EPS Growth, Debt/Equity. Revenue growth of 14.5% demonstrates continued momentum.

Bull Case : SAP

The strongest argument for SAP centers on Operating Margin, Altman Z-Score, Market Cap. Profitability is solid with margins at 19.6% and operating margin at 30.0%. PEG of 1.44 suggests the stock is reasonably priced for its growth.

Bear Case : DCBO

The primary concerns for DCBO are Market Cap, Altman Z-Score, Operating Margin.

Bear Case : SAP

No major red flags identified for SAP, but monitor valuation.

Key Dynamics to Monitor

DCBO profiles as a value stock while SAP is a mature play — different risk/reward profiles.

DCBO carries more volatility with a beta of 0.76 — expect wider price swings.

DCBO is growing revenue faster at 14.5% — sustainability is the question.

SAP generates stronger free cash flow (3.3B), providing more financial flexibility.

Bottom Line

SAP scores higher overall (59/100 vs 51/100), backed by strong 19.6% margins. DCBO offers better value entry with a 72.2% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Docebo Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Docebo Inc. provides a cloud-based learning management system to train internal and external workforce, partners, and customers in North America, Europe, and the Asia-Pacific region. The company is headquartered in Toronto, Canada.

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SAP SE ADR

TECHNOLOGY · SOFTWARE - APPLICATION · USA

SAP SE is a global enterprise application software company. The company is headquartered in Walldorf, Germany.

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