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Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. The last earnings update was 11 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
Deckers Outdoor (DO2) | 4% | 25.1% | 19.8% | 69.4% | 169.7% | 112.6% |
DE Luxury | -0.1% | -2.4% | -0.2% | 8.5% | 77.6% | 87% |
DE Market | 2.9% | 0.8% | 0.2% | -12.1% | 11.8% | 4.9% |
Below are the data sources, inputs and calculation used to determine the intrinsic value for Deckers Outdoor.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity | |
Levered Free Cash Flow | Average of 12 Analyst Estimates (S&P Global) | See below |
Discount Rate (Cost of Equity) | See below | 8% |
Perpetual Growth Rate | 10-Year DE Government Bond Rate | 0.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year DE Govt Bond Rate | 0.2% |
Equity Risk Premium | S&P Global | 9.8% |
Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.78 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (0.74%)) |
0.786 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 9.77%) |
8.05% |
Discounted Cash Flow Calculation for DB:DO2 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Deckers Outdoor is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
2019 | 2020 | 2021 | 2022 | 2023 | |
Levered FCF (USD, Millions) | 251.84 | 228.41 | 244.23 | 252.84 | 261.76 |
Source | Analyst x4 | Analyst x5 | Analyst x3 | Est @ 3.53% | Est @ 3.53% |
Present Value Discounted (@ 8.05%) |
233.08 | 195.66 | 193.63 | 185.53 | 177.77 |
Present value of next 5 years cash flows | $985.68 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $261.76 × (1 + 0.23%) ÷ (8.05% – 0.23%) |
$3,355.96 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $3,355.96 ÷ (1 + 8.05%)5 |
$2,279.20 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $985.68 + $2,279.20 |
$3,264.88 |
Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $3,264.88 / 29.13 |
$98.12 |
Calculation | Result | |
---|---|---|
Non-primary Listing Adjustment Factor |
1 share in DB:DO2
represents 0.87545x
of
NYSE:DECK
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
0.87545x |
Value per Share (Listing Adjusted, EUR) |
= Value per Share (USD) x Listing Adjustment Factor
= $ 112.08 x 0.87545 |
€98.12 |
Value per share (EUR) | From above. | €98.12 |
Current discount | Discount to share price of
€128.07
= -1 x (€128.07 - €98.12) / €98.12 |
-30.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-12-31) in USD | $8.66 |
NYSE:DECK Share Price ** | NYSE (2019-02-18) in USD | $146.29 |
Germany Luxury Industry PE Ratio | Median Figure of 7 Publicly-Listed Luxury Companies | 25.1x |
Germany Market PE Ratio | Median Figure of 420 Publicly-Listed Companies | 18.16x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Deckers Outdoor.
Calculation | Outcome | |
---|---|---|
PE Ratio | = NYSE:DECK Share Price ÷ EPS (both in USD) = 146.29 ÷ 8.66 |
16.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | 16.9x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts |
1.7%per year |
Europe Luxury Industry PEG Ratio | Median Figure of 41 Publicly-Listed Luxury Companies | 1.7x |
Germany Market PEG Ratio | Median Figure of 277 Publicly-Listed Companies | 1.39x |
*Line of best fit is calculated by linear regression .
Calculation | Outcome | |
---|---|---|
PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 16.9x ÷ 1.7% |
10.11x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-12-31) in USD | $34.95 |
NYSE:DECK Share Price * | NYSE (2019-02-18) in USD | $146.29 |
Germany Luxury Industry PB Ratio | Median Figure of 11 Publicly-Listed Luxury Companies | 1.45x |
Germany Market PB Ratio | Median Figure of 566 Publicly-Listed Companies | 1.79x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = NYSE:DECK Share Price ÷ Book Value per Share (both in USD) = 146.29 ÷ 34.95 |
4.19x |
* Primary Listing of Deckers Outdoor.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value (per year) |
---|---|---|
DB:DO2 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts | 1.7% |
DB:DO2 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts | 4.2% |
Germany Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 13% |
Germany Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 6.9% |
Germany Market Earnings Growth Rate | Market Cap Weighted Average | 9.7% |
Germany Market Revenue Growth Rate | Market Cap Weighted Average | 4.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (1 month ago) | See Below |
Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
---|---|---|---|---|
2021-03-31 | 2,190 | 279 | 260 | 6 |
2020-03-31 | 2,081 | 266 | 234 | 12 |
2019-03-31 | 2,004 | 278 | 240 | 12 |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2018-12-31 | 2,027 | 354 | 261 |
2018-09-30 | 1,964 | 349 | 151 |
2018-06-30 | 1,944 | 343 | 126 |
2018-03-31 | 1,903 | 327 | 114 |
2017-12-31 | 1,872 | 284 | 78 |
2017-09-30 | 1,822 | 305 | 33 |
2017-06-30 | 1,825 | 235 | 23 |
2017-03-31 | 1,790 | 199 | 6 |
2016-12-31 | 1,799 | 148 | -2 |
2016-09-30 | 1,835 | 165 | 114 |
2016-06-30 | 1,836 | 109 | 111 |
2016-03-31 | 1,875 | 126 | 122 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (1 month ago) | See Below |
Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
All data from Deckers Outdoor Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
---|---|---|---|---|
2021-03-31 | 9.01 | 9.05 | 8.96 | 2.00 |
2020-03-31 | 8.17 | 8.49 | 7.56 | 4.00 |
2019-03-31 | 8.08 | 8.16 | 7.98 | 4.00 |
Date (Data in USD Millions) | EPS * |
---|---|
2018-12-31 | 8.66 |
2018-09-30 | 4.90 |
2018-06-30 | 4.02 |
2018-03-31 | 3.60 |
2017-12-31 | 2.44 |
2017-09-30 | 1.02 |
2017-06-30 | 0.70 |
2017-03-31 | 0.18 |
2016-12-31 | -0.07 |
2016-09-30 | 3.53 |
2016-06-30 | 3.43 |
2016-03-31 | 3.76 |
*GAAP earnings excluding extraordinary items.
How has Deckers Outdoor performed over the past 5 years?
All data from Deckers Outdoor Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2018-12-31 | 2,026.99 | 260.95 | 690.28 | 22.37 |
2018-09-30 | 1,963.67 | 150.92 | 699.15 | 22.37 |
2018-06-30 | 1,944.22 | 126.11 | 694.22 | 22.37 |
2018-03-31 | 1,903.34 | 114.39 | 682.60 | 22.37 |
2017-12-31 | 1,872.12 | 78.08 | 679.92 | 21.26 |
2017-09-30 | 1,821.99 | 32.76 | 647.16 | 21.26 |
2017-06-30 | 1,825.47 | 22.51 | 651.40 | 21.26 |
2017-03-31 | 1,790.15 | 5.71 | 659.75 | 21.26 |
2016-12-31 | 1,799.32 | -2.29 | 645.98 | 22.18 |
2016-09-30 | 1,834.87 | 113.60 | 632.08 | 22.18 |
2016-06-30 | 1,835.79 | 110.67 | 632.95 | 22.18 |
2016-03-31 | 1,875.20 | 122.27 | 634.18 | 22.18 |
2015-12-31 | 1,837.20 | 147.38 | 633.94 | 20.87 |
2015-09-30 | 1,825.98 | 147.16 | 648.70 | 20.87 |
2015-06-30 | 1,819.39 | 151.52 | 652.76 | 20.87 |
2015-03-31 | 1,817.06 | 161.78 | 642.71 | 20.87 |
2014-12-31 | 1,771.14 | 157.69 | 643.55 | 4.49 |
2014-09-30 | 1,722.51 | 141.88 | 617.14 | 4.49 |
2014-06-30 | 1,628.96 | 134.21 | 571.52 | 4.49 |
2014-03-31 | 1,587.57 | 142.00 | 546.74 | 4.49 |
2013-12-31 | 1,556.62 | 145.69 | 507.53 | 19.26 |
2013-09-30 | 1,437.83 | 102.85 | 476.88 | 15.62 |
2013-06-30 | 1,427.50 | 112.85 | 455.88 | 15.62 |
2013-03-31 | 1,431.85 | 121.99 | 440.48 | 15.62 |
2012-12-31 | 1,414.40 | 128.87 | 420.93 | 15.62 |
2012-09-30 | 1,400.99 | 155.54 | 413.91 | 14.16 |
2012-06-30 | 1,438.95 | 174.96 | 426.42 | 14.16 |
2012-03-31 | 1,418.74 | 187.76 | 407.07 | 14.16 |
*GAAP earnings excluding extraordinary items.
How is Deckers Outdoor's financial health and their level of debt?
All data from Deckers Outdoor Company Filings, last reported 1 month ago.
Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2018-12-31 | 1,017.88 | 31.66 | 515.94 |
2018-09-30 | 846.79 | 102.68 | 182.19 |
2018-06-30 | 902.15 | 31.94 | 417.85 |
2018-03-31 | 940.78 | 32.08 | 429.97 |
2017-12-31 | 1,032.87 | 32.23 | 493.00 |
2017-09-30 | 968.83 | 165.28 | 230.59 |
2017-06-30 | 913.67 | 32.50 | 279.94 |
2017-03-31 | 954.26 | 32.63 | 291.76 |
2016-12-31 | 970.50 | 62.40 | 296.43 |
2016-09-30 | 957.27 | 310.39 | 110.05 |
2016-06-30 | 917.24 | 143.06 | 202.31 |
2016-03-31 | 967.47 | 100.11 | 245.96 |
2015-12-31 | 1,018.51 | 56.31 | 263.01 |
2015-09-30 | 864.49 | 349.74 | 99.78 |
2015-06-30 | 847.93 | 76.42 | 168.74 |
2015-03-31 | 937.01 | 38.54 | 225.14 |
2014-12-31 | 1,033.23 | 38.65 | 369.44 |
2014-09-30 | 896.01 | 188.01 | 114.65 |
2014-06-30 | 855.08 | 3.25 | 158.23 |
2014-03-31 | 888.85 | 6.70 | 245.09 |
2013-12-31 | 888.12 | 9.73 | 237.13 |
2013-09-30 | 755.83 | 245.46 | 84.11 |
2013-06-30 | 718.23 | 26.00 | 49.13 |
2013-03-31 | 744.88 | 10.00 | 64.59 |
2012-12-31 | 738.80 | 33.00 | 110.25 |
2012-09-30 | 681.78 | 275.00 | 61.64 |
2012-06-30 | 720.12 | 0.00 | 114.40 |
2012-03-31 | 833.16 | 0.00 | 228.57 |
What is Deckers Outdoor's current dividend yield, its reliability and sustainability?
Data Point | Source | Value |
---|---|---|
Past Annualized Dividend Yield | S&P Global Market Data | See Below |
Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
Future Dividends per Share Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
Germany Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 1.5% |
Germany Market Average Dividend Yield | Market Cap Weighted Average of 332 Stocks | 3% |
Germany Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
Germany Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
Germany Top 25% Dividend Yield | 75th Percentile | 4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
---|---|---|
2021-03-31 | 0.00 | 2.00 |
2020-03-31 | 0.00 | 3.00 |
2019-03-31 | 0.00 | 3.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Mr. David Powers, also known as Dave, has been the Chief Executive Officer of Deckers Outdoor Corp. since June 2016 and has been its President since March 2015. Mr. Powers served as the President of Omni-Channel at Deckers Outdoor Corp. since January 28, 2014. He served as the President of Direct to Consumer at Deckers Outdoor Corp. since August 15, 2012 until January 28, 2014. Mr. Powers joins Deckers from Converse, a division of Nike, Inc., where he served as Vice President of Global Direct to Consumer and Licensed Retail since 2008, during which time he successfully guided the expansion of the Converse brand into Europe, the Middle East, Africa, Latin America and Asia and developed relationships with key license partners resulting in over 1900 partner stores. He served on the Nike Senior Leadership team and as a member of the Converse Executive Leadership team. He has over 20 years of experience in the retail business and has developed merchandising, product and store concepts at some of the industry's top retailers. He has Extensive experience in the footwear and apparel industry through a variety of positions at three different footwear companies and a global apparel retailer. Mr. Powers held several leadership roles at Timberland including Worldwide General Merchandise Manager. While at Converse Inc., was responsible for global owned and distributor Direct-to-Consumer operations as part of the Nike, Inc. retail leadership team. During tenure at Timberland LLC and Gap Inc., held leadership roles with a variety of retail responsibilities from merchandising to store design. Mr. Powers spent 10 years at Gap Inc., where he was Divisional Merchandise Manager for men's and kids businesses. While serving in leadership roles at Timberland LLC, led worldwide retail merchandising, marketing, visual and store design, and oversaw European retail operations. He has been a Director of Deckers Outdoor Corp. since June 1, 2016. Graduated cum laude from Northeastern University with a B.S. in Marketing. Throughout his career, has been responsible for the development of marketing strategy, with a focus on consumer engagement and digital marketing.
Average tenure and age of the Deckers Outdoor management team in years:
Average tenure and age of the Deckers Outdoor board of directors in years:
Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
---|---|---|---|---|---|---|---|---|---|---|
09. Nov 18 | Sell | John Gibbons | Individual | 09. Nov 18 | 09. Nov 18 | -3,000 | €118.16 | €-354,484 | ||
02. Nov 18 | Sell | Stefano Caroti | Individual | 01. Nov 18 | 01. Nov 18 | -1,750 | €114.10 | €-199,677 | ||
02. Nov 18 | Sell | David Powers | Individual | 31. Oct 18 | 31. Oct 18 | -1,500 | €113.37 | €-170,049 | ||
02. Aug 18 | Buy | Brian Spaly | Individual | 31. Jul 18 | 31. Jul 18 | 1,000 | €96.70 | €96,704 | ||
01. Jun 18 | Sell | David Lafitte | Individual | 30. May 18 | 30. May 18 | -750 | €94.32 | €-70,740 | ||
01. Jun 18 | Sell | Thomas George | Individual | 30. May 18 | 30. May 18 | -11,000 | €92.69 | €-1,019,612 | ||
09. Mar 18 | Sell | Marcato Capital Management, LLC | Company | 07. Mar 18 | 09. Mar 18 | -1,806,294 | €79.40 | €-143,195,766 |
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name. The company also provides running footwear and apparel under the Hoka brand name; and fashion casual footwear using sheepskin and other plush materials under the Koolaburra brand. It 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 such as Amazon and Zappos.com. The company 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, Australia, Latin America, and internationally. As of March 31, 2018, it had 165 retail stores, including 98 concept stores and 67 outlet stores worldwide. The company was founded in 1973 and is headquartered in Goleta, California.
Name: | Deckers Outdoor Corporation |
DO2 | |
Exchange: | DB |
Founded: | 1973 |
$3,768,082,169 | |
29,130,988 | |
Website: | http://www.deckers.com |
Address: |
Deckers Outdoor Corporation 250 Coromar Drive, Goleta, California, 93117, United States |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
NYSE | DECK | Common Stock | New York Stock Exchange | US | USD | 15. Oct 1993 | |
DB | DO2 | Common Stock | Deutsche Boerse AG | DE | EUR | 15. Oct 1993 |
Footwear | |
Consumer Durables |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/02/18 22:27 |
End of day share price update: | 2019/02/18 00:00 |
Last estimates confirmation: | 2019/02/02 |
Last earnings filing: | 2019/02/07 |
Last earnings reported: | 2018/12/31 |
Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.