Deckers Outdoor Corp
DECK
Rubber & Plastics Footwear
Mkt Cap
$27.92BPE
36.76Debt
-Cash
$1.502BEV
-FCF
$943.8MP/E Ratio
36.76Debt
-Cash
$1.502BEV
-FCF
$943.8MCharts data: {"Earnings":[{"time":"2015-03-30","value":161780000},{"time":"2016-03-30","value":122265000},{"time":"2017-03-30","value":5710000},{"time":"2018-03-30","value":114394000},{"time":"2019-03-30","value":264308000},{"time":"2020-03-30","value":276142000},{"time":"2021-03-30","value":382575000},{"time":"2022-03-30","value":451949000},{"time":"2023-03-30","value":516822000},{"time":"2024-03-30","value":759563000}],"Sales":[{"time":"2015-03-30","value":1817057000},{"time":"2016-03-30","value":1875197000},{"time":"2017-03-30","value":1790147000},{"time":"2018-03-30","value":1903339000},{"time":"2019-03-30","value":2020437000},{"time":"2020-03-30","value":2132689000},{"time":"2021-03-30","value":2545641000},{"time":"2022-03-30","value":3150339000},{"time":"2023-03-30","value":3627286000},{"time":"2024-03-30","value":4287763000}],"Net Margins":[{"time":"2015-03-30","value":0.08903408093416992},{"time":"2016-03-30","value":0.06520114953255578},{"time":"2017-03-30","value":0.0031896821881108087},{"time":"2018-03-30","value":0.06010174750793211},{"time":"2019-03-30","value":0.13081724399226505},{"time":"2020-03-30","value":0.1294806697085229},{"time":"2021-03-30","value":0.1502863129561474},{"time":"2022-03-30","value":0.14346043394060132},{"time":"2023-03-30","value":0.1424817342773633},{"time":"2024-03-30","value":0.17714668464651614}],"Assets":[{"time":"2015-03-30","value":1169933000},{"time":"2016-03-30","value":1278068000},{"time":"2017-03-30","value":1191780000},{"time":"2018-03-30","value":1264379000},{"time":"2019-03-30","value":1427206000},{"time":"2020-03-30","value":1765118000},{"time":"2021-03-30","value":2167705000},{"time":"2022-03-30","value":2332250000},{"time":"2023-03-30","value":2556203000},{"time":"2024-03-30","value":3135579000}],"Stockholders Equity":[{"time":"2015-03-30","value":937012000},{"time":"2016-03-30","value":967471000},{"time":"2017-03-30","value":954255000},{"time":"2018-03-30","value":940779000},{"time":"2019-03-30","value":1045130000},{"time":"2020-03-30","value":1140120000},{"time":"2021-03-30","value":1444225000},{"time":"2022-03-30","value":1538825000},{"time":"2023-03-30","value":1765733000},{"time":"2024-03-30","value":2107468000}],"ROE":[{"time":"2015-03-30","value":0.17265520612329405},{"time":"2016-03-30","value":0.1263758810341602},{"time":"2017-03-30","value":0.005983725524099952},{"time":"2018-03-30","value":0.12159497607833508},{"time":"2019-03-30","value":0.25289485518547933},{"time":"2020-03-30","value":0.24220432936883837},{"time":"2021-03-30","value":0.26489985978639063},{"time":"2022-03-30","value":0.2936974639741361},{"time":"2023-03-30","value":0.2926954414965343},{"time":"2024-03-30","value":0.36041496240986814}],"ROA":[{"time":"2015-03-30","value":0.1918220957952293},{"time":"2016-03-30","value":0.1268531877803059},{"time":"2017-03-30","value":-0.0016101965127792042},{"time":"2018-03-30","value":0.17604215191805622},{"time":"2019-03-30","value":0.22934320623652088},{"time":"2020-03-30","value":0.19156509649779788},{"time":"2021-03-30","value":0.23259853162676655},{"time":"2022-03-30","value":0.24212970307642834},{"time":"2023-03-30","value":0.2553596095458772},{"time":"2024-03-30","value":0.2958031036692107}]}
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name. It also provides footwear and apparel for ultra-runners and athletes under the Hoka brand name; and fashion casual footwear using other plush materials under the Koolaburra brand. The company sells its products through department stores, domestic independent action sports and outdoor specialty footwear retailers, and larger national retail chains, as well as online retailers. It also sells its products directly to consumers through its retail stores and e-commerce websites, as well as distributes its products through distributors and retailers in the United States, Europe, the Asia-Pacific, Canada, Latin America, and internationally. As of March 31, 2022, it had 149 retail stores, including 75 concept stores and 74 outlet stores worldwide. The company was founded in 1973 and is headquartered in Goleta, California.
Sector
DCF
Discounted Cash Flow Valuation of Deckers Outdoor Corp
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $943.8M | $1.211B | $1.523B | $1.876B | $2.262B | $2.668B | $3.079B | $3.472B | $3.826B | $4.117B | $4.322B | $43.22B |
| DCF | $1.053B | $1.152B | $1.234B | $1.293B | $1.327B | $1.331B | $1.305B | $1.251B | $1.17B | $1.068B | $10.68B | |
| Value | $22.87B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 34%
Earnings Stability 56%
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 | 03-2016 | 03-2017 | 03-2018 | 03-2019 | 03-2020 | 03-2021 | 03-2022 | 03-2023 | 03-2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 6.5% | 0.32% | 6% | 13% | 13% | 15% | 14% | 14% | 18% | 18% |
| ROA | 13% | -0.16% | 18% | 23% | 19% | 23% | 24% | 26% | 30% | 30% |
| ROE | 13% | 0.6% | 12% | 25% | 24% | 26% | 29% | 29% | 36% | 36% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +14.56%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.75%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +24.11%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +1.52%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +28.45%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +2.05%.
Safety & Stabiliy
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 | 03-2016 | 03-2017 | 03-2018 | 03-2019 | 03-2020 | 03-2021 | 03-2022 | 03-2023 | 03-2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 1.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - | - |
| Debt Equity | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - | - |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -0.00.
What is the Graham’s Stability?
Graham’s Stability measure stands at 1.00.
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 | 03-2017 | 03-2019 | 03-2021 | 03-2023 | Trend |
|---|---|---|---|---|---|
| Revenue | 13% | 16% | 19% | 18% | 2.8% |
| Net Income | 100% | 24% | 26% | 47% | -54% |
| Stockholders Equity | 12% | 15% | 13% | 19% | 2.4% |
| FCF | 29% | 23% | 19% | 110% | 11% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +16.24%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +2.79%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +23.51%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -54.14%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +15.06%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +2.4%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +23.36%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +10.89%.