Financial Analysis: Docebo (NASDAQ:DCBO) vs. Expensify (NASDAQ:EXFY)

Docebo (NASDAQ:DCBO) and Expensify (NASDAQ:EXFY) are both small-cap technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their institutional ownership, risk, valuation, analyst recommendations, dividends, earnings and profitability.

Earnings and Valuation

This table compares Docebo and Expensify”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Docebo	$242.69 million	2.37	$37.51 million	$1.14	20.25
Expensify	$142.10 million	1.24	-$21.39 million	($0.17)	-13.18

Docebo has higher revenue and earnings than Expensify. Expensify is trading at a lower price-to-earnings ratio than Docebo, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership

53.2% of Docebo shares are held by institutional investors. Comparatively, 68.4% of Expensify shares are held by institutional investors. 11.7% of Expensify shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Analyst Ratings

This is a summary of current ratings and recommmendations for Docebo and Expensify, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Docebo	0	4	11	1	2.81
Expensify	1	0	2	0	2.33

Docebo currently has a consensus price target of $31.23, indicating a potential upside of 35.26%. Expensify has a consensus price target of $3.00, indicating a potential upside of 33.93%. Given Docebo’s stronger consensus rating and higher possible upside, research analysts plainly believe Docebo is more favorable than Expensify.

Volatility & Risk

Docebo has a beta of 1.23, suggesting that its stock price is 23% more volatile than the S&P 500. Comparatively, Expensify has a beta of 1.73, suggesting that its stock price is 73% more volatile than the S&P 500.

Profitability

This table compares Docebo and Expensify’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Docebo	12.98%	120.29%	16.26%
Expensify	-11.31%	-11.54%	-8.34%

Summary

Docebo beats Expensify on 12 of the 15 factors compared between the two stocks.

About Docebo

Docebo Inc. operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work. It also offers Docebo for Salesforce, a native integration that leverages Salesforce's application programming interface and technology architecture to produce a learning experience; Docebo Embed that allows original equipment manufacturers to embed and re-sell Docebo as a part of their software; Docebo Mobile App Publisher product that allows companies to create and publish own branded version of Docebo Go.Learn mobile learning applications; Docebo Extended Enterprise which breeds customer education, partner enablement, and retention; Docebo Discover, Coach & Share that enhances the learning experience to create a culture of social learning; and Docebo for Microsoft Teams, that brings learning directly into Microsoft Teams. The company was founded in 2005 and is headquartered in Toronto, Canada.

About Expensify

Expensify, Inc. provides a cloud-based expense management software platform to individuals and corporations, small and midsized businesses, and enterprises in the United States and internationally. The company’s platform enables users to manage corporate cards, pay bills, generate invoices, collect payments, and book travel. It also offers track and submit plans for individuals. The company was founded in 2008 and is based in Portland, Oregon.