WallStSmart

Docebo Inc (DCBO)vsSAP SE ADR (SAP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SAP SE ADR generates 14650% more annual revenue ($38.19B vs $258.93M). SAP leads profitability with a 20.4% profit margin vs 13.0%. DCBO trades at a lower P/E of 21.1x. SAP earns a higher WallStSmart Score of 64/100 (C+).

DCBO

Hold

41

out of 100

Grade: D

Growth: 5.3Profit: 7.5Value: 7.0Quality: 5.0
Piotroski: 4/9Altman Z: 0.76

SAP

Buy

64

out of 100

Grade: C+

Growth: 7.3Profit: 8.5Value: 4.0Quality: 8.0
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

$67.77

Current Price

$24.25

$43.52 discount

UndervaluedFair: $67.77Overvalued
SAPSignificantly Overvalued (-30.1%)

Margin of Safety

-30.1%

Fair Value

$151.01

Current Price

$206.36

$55.35 premium

UndervaluedFair: $151.01Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

DCBO2 strengths · Avg: 10.0/10
Return on EquityProfitability
132.9%10/10

Every $100 of equity generates 133 in profit

Debt/EquityHealth
-306.4310/10

Conservative balance sheet, low leverage

SAP6 strengths · Avg: 9.0/10
Market CapQuality
$248.28B10/10

Mega-cap, among the largest globally

Altman Z-ScoreHealth
3.1110/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
20.4%9/10

Keeps 20 of every $100 in revenue as profit

Debt/EquityHealth
0.229/10

Conservative balance sheet, low leverage

Operating MarginProfitability
27.6%8/10

Strong operational efficiency at 27.6%

EPS GrowthGrowth
30.6%8/10

Earnings expanding 30.6% YoY

Areas to Watch

DCBO4 concerns · Avg: 2.3/10
Market CapQuality
$604.98M3/10

Smaller company, higher risk/reward

EPS GrowthGrowth
-20.0%2/10

Earnings declined 20.0%

Free Cash FlowQuality
$-3.25M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.762/10

Distress zone — elevated risk

SAP3 concerns · Avg: 3.3/10
PEG RatioValuation
1.644/10

Expensive relative to growth rate

P/E RatioValuation
27.8x4/10

Moderate valuation

Price/BookValuation
64.9x2/10

Trading at 64.9x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : DCBO

The strongest argument for DCBO centers on Return on Equity, Debt/Equity. Revenue growth of 13.0% demonstrates continued momentum.

Bull Case : SAP

The strongest argument for SAP centers on Market Cap, Altman Z-Score, Profit Margin. Profitability is solid with margins at 20.4% and operating margin at 27.6%.

Bear Case : DCBO

The primary concerns for DCBO are Market Cap, EPS Growth, Free Cash Flow.

Bear Case : SAP

The primary concerns for SAP are PEG Ratio, P/E Ratio, Price/Book.

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 0.80 — expect wider price swings.

DCBO is growing revenue faster at 13.0% — sustainability is the question.

SAP generates stronger free cash flow (3.0B), providing more financial flexibility.

Bottom Line

SAP scores higher overall (64/100 vs 41/100), backed by strong 20.4% margins. DCBO offers better value entry with a 72.2% margin of safety. Both earn "Buy" and "Hold" 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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