WallStSmart

Docebo Inc (DCBO)vsShopify Inc (SHOP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shopify Inc generates 5025% more annual revenue ($13.27B vs $258.93M). SHOP leads profitability with a 14.5% profit margin vs 13.0%. DCBO trades at a lower P/E of 21.1x. SHOP earns a higher WallStSmart Score of 62/100 (C+).

DCBO

Hold

41

out of 100

Grade: D

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

SHOP

Buy

62

out of 100

Grade: C+

Growth: 10.0Profit: 7.5Value: 4.0Quality: 8.5
Piotroski: 3/9Altman Z: 6.61
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
SHOPUndervalued (+22.9%)

Margin of Safety

+22.9%

Fair Value

$151.66

Current Price

$128.79

$22.87 discount

UndervaluedFair: $151.66Overvalued

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

SHOP5 strengths · Avg: 9.8/10
Revenue GrowthGrowth
33.7%10/10

Revenue surging 33.7% year-over-year

EPS GrowthGrowth
68.1%10/10

Earnings expanding 68.1% YoY

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
6.6110/10

Safe zone — low bankruptcy risk

Market CapQuality
$188.28B9/10

Large-cap with strong market position

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

SHOP4 concerns · Avg: 2.8/10
Price/BookValuation
13.1x4/10

Trading at 13.1x book value

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
2.612/10

Expensive relative to growth rate

P/E RatioValuation
98.0x2/10

Premium valuation, high expectations priced in

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 : SHOP

The strongest argument for SHOP centers on Revenue Growth, EPS Growth, Debt/Equity. Revenue growth of 33.7% demonstrates continued momentum.

Bear Case : DCBO

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

Bear Case : SHOP

The primary concerns for SHOP are Price/Book, Piotroski F-Score, PEG Ratio. A P/E of 98.0x leaves little room for execution misses.

Key Dynamics to Monitor

DCBO profiles as a value stock while SHOP is a growth play — different risk/reward profiles.

SHOP carries more volatility with a beta of 2.62 — expect wider price swings.

SHOP is growing revenue faster at 33.7% — sustainability is the question.

SHOP generates stronger free cash flow (654M), providing more financial flexibility.

Bottom Line

SHOP scores higher overall (62/100 vs 41/100) and 33.7% revenue growth. 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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Shopify Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Shopify Inc., a commerce company, offers a commerce and service platform in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company is headquartered in Ottawa, Canada.

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