Deckers Outdoor Corp

Consumer Discretionary
Shoe Manufacturing
www.deckers.com

Earnings Score
Moat Score

Market Cap $30.69B
PE 35
Debt $NaN
Cash $1.23B
EV $NaN
FCF $856.46M

Earnings

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Sales & Net Margins

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Earnings	$875.41M
EBIT	$1.07B
ROE	39%
ROA	31%
FCF	$856.46M
Equity	$2.22B
Growth Stability	100%
PE	35.05
PEG	1.37
PB	13.8
P/FCF	35.83
P/S	6.59
Price/Cash	0.04
Net Margins	17%
Gross Margins	57%
Op. Margins	23%
Earnings CAGR	39%
Sales Growth YoY	20%
Sales Growth QoQ	59%
Sales CAGR	12%
FCF CAGR	24%
Equity CAGR	10%
Earnings Stability	0.64
Earnings Growth YoY	36%

Earnings Growth QoQ	110%
Earnings CAGR 5Y	26%
Sales CAGR 5Y	19%
FCF CAGR 5Y	23%
Equity CAGR 5Y	15%
Earnings CAGR 3Y	17%
Sales CAGR 3Y	17%
FCF CAGR 3Y	140%
Equity CAGR 3Y	16%
Market Cap	$30.69B
Revenue	$4.66B
Assets	$3.40B
Cash	$1.23B
Shares Outstanding	152.01M
Earnings Score	90%
Moat Score	97%
Working Capital	1.83B
Current Ratio	3.08
Gross Profit	$2.66B
Shares Growth 3y	-3%
Equity Growth QoQ	7%
Equity Growth YoY	24%

Assets & ROA

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Stockholders Equity & ROE

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Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Most of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Most sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. Deckers sources its products from independent manufacturers primarily in Asia.

SEC Filings

Direct access to Deckers Outdoor Corp (DECK) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31
2023
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31
2022
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31

Sector Comparison

How does Deckers Outdoor Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Deckers Outdoor Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 39%

Stability 64%

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Deckers Outdoor Corp Discounted Cash Flow

Fully customizable DCF calculator online for Deckers Outdoor Corp.

Years

Calculation mode

= $47B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$856M	$1.1B	$1.3B	$1.7B	$2.1B	$2.6B	$3.2B	$4B	$4.9B	$6.1B	$7.6B	$76B
DCF		$969M	$1.1B	$1.2B	$1.4B	$1.6B	$1.8B	$2B	$2.3B	$2.6B	$2.9B	$29B
Value	$47B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	03/2015	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Net Margins	9%	7%	0%	6%	13%	13%	15%	14%	14%	18%	17%
ROA	-	13%	-0%	18%	23%	19%	23%	24%	26%	30%	31%
ROE	-	13%	1%	12%	25%	24%	26%	29%	29%	36%	39%

Good Net Margins (16.75%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	03/2015	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Debt over FCF	-	1.12	0	0	0	0	0	-	-	-	-
Debt over Equity	0.01	0.07	0	0	0	0	0	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	03/2015	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	CAGR 5Y
Revenue YoY growth	-	3%	-5%	6%	6%	6%	19%	24%	15%	18%	19%
Earnings YoY growth	-	-24%	-95%	2K%	131%	4%	39%	18%	14%	47%	26%
Equity YoY growth	-	3%	-1%	-1%	11%	9%	27%	7%	15%	19%	15%
FCF YoY growth	-	-23%	156%	89%	13%	-23%	122%	-78%	276%	107%	23%