DCBO - Docebo

[valueinvestor]

I haven't invested but it seems cheap on a cursory view. It's hard to do due diligence, as I have no access to the product/service and have a hard time understanding their moat, market position, unit economics, etc.

However they must be doing something right. 

Trading 20-30x earnings, debt free, and growing at a 50%+ pa clip, where most of the revenue gained goes straight to the bottom-line. High contribution margin. 

They provide learning suites for enterprises to train their teams. 

Anyone have any idea? It's a recent IPO, had run up but I think there's more steam.