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Deckers Outdoor

DB:DO2
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DO2
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$4B
Market Cap
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Last updated 2019/02/18 22:27
Company description

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.

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DO2 Share Price and Events
7 Day Returns
4%
DB:DO2
-0.1%
DE Luxury
2.9%
DE Market
1 Year Returns
69.4%
DB:DO2
8.5%
DE Luxury
-12.1%
DE Market
DO2 Shareholder Return
  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%
1 Year Return vs Industry and Market
  • DO2 outperformed the Luxury industry which returned 8.5% over the past year.
  • DO2 outperformed the Market in Germany which returned -12.1% over the past year.
Price Volatility
DO2
Industry
5yr Volatility vs Market
Related Companies

DO2 Value

 Is Deckers Outdoor undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Deckers Outdoor to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Deckers Outdoor.

DB:DO2 Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for DB:DO2
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.

DB:DO2 DCF 1st Stage: Next 5 year cash flow forecast
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
DB:DO2 DCF 2nd Stage: Terminal Value
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
DB:DO2 Total Equity Value
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
DB:DO2 Discount to Share Price
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 .

  • The current share price of Deckers Outdoor is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Deckers Outdoor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Deckers Outdoor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DO2 PE (Price to Earnings) Ratio Data Sources
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.

DB:DO2 PE (Price to Earnings) Ratio Calculation
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 >

  • Deckers Outdoor is good value based on earnings compared to the DE Luxury industry average.
  • Deckers Outdoor is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Deckers Outdoor's expected growth come at a high price?
Raw Data
DB:DO2 PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

DB:DO2 PEG (Price to Earnings to Growth) Ratio Calculation
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 >

  • Deckers Outdoor is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Deckers Outdoor's assets?
Raw Data
DB:DO2 PB (Price to Book) Ratio Data Sources
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
DB:DO2 PB (Price to Book) Ratio Calculation
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 >

  • Deckers Outdoor is overvalued based on assets compared to the DE Luxury industry average.
X
Value checks
We assess Deckers Outdoor's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
    5. Deckers Outdoor has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DO2 Future Performance

 How is Deckers Outdoor expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Deckers Outdoor expected to grow at an attractive rate?
  • Deckers Outdoor's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Deckers Outdoor's earnings growth is positive but not above the Germany market average.
  • Deckers Outdoor's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DO2 Future Growth Rates Data Sources
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.

Analysts growth expectations
Raw Data
DB:DO2 Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DO2 Future Estimates Data
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
DB:DO2 Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Deckers Outdoor's earnings are expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
  • Deckers Outdoor's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:DO2 Past and Future Earnings per Share
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.

DB:DO2 Future Estimates Data
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
DB:DO2 Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Deckers Outdoor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Deckers Outdoor's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Deckers Outdoor has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DO2 Past Performance

  How has Deckers Outdoor performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Deckers Outdoor's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Deckers Outdoor's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Deckers Outdoor's 1-year earnings growth exceeds its 5-year average (234.2% vs -6.2%)
  • Deckers Outdoor's earnings growth has exceeded the DE Luxury industry average in the past year (234.2% vs 18.2%).
Earnings and Revenue History
Deckers Outdoor's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Deckers Outdoor Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DO2 Past Revenue, Cash Flow and Net Income Data
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.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Deckers Outdoor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Deckers Outdoor used its assets more efficiently than the DE Luxury industry average last year based on Return on Assets.
  • Deckers Outdoor has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Show me more strong past performing companies in the Luxury industry
X
Past performance checks
We assess Deckers Outdoor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Deckers Outdoor has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DO2 Health

 How is Deckers Outdoor's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Deckers Outdoor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Deckers Outdoor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Deckers Outdoor's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Deckers Outdoor's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 38.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Deckers Outdoor Company Filings, last reported 1 month ago.

DB:DO2 Past Debt and Equity Data
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
  • Deckers Outdoor's level of debt (3.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.1% vs 3.1% today).
  • Debt is well covered by operating cash flow (1118.3%, greater than 20% of total debt).
  • Deckers Outdoor earns more interest than it pays, coverage of interest payments is not a concern.
Show me more healthy companies in the Luxury industry
X
Financial health checks
We assess Deckers Outdoor's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Deckers Outdoor has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DO2 Dividends

 What is Deckers Outdoor's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Deckers Outdoor dividends. Estimated to be 0% next year.
If you bought €2,000 of Deckers Outdoor shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Deckers Outdoor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Deckers Outdoor's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:DO2 Annualized Past and Future Dividends
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.

DB:DO2 Future Dividends Estimate Data
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 >

  • Unable to perform a dividend volatility check as Deckers Outdoor has not reported any payouts.
  • Unable to verify if Deckers Outdoor's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Deckers Outdoor's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Deckers Outdoor has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Deckers Outdoor's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Deckers Outdoor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Deckers Outdoor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Deckers Outdoor has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DO2 Management

 What is the CEO of Deckers Outdoor's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Powers
COMPENSATION $6,069,497
AGE 51
TENURE AS CEO 2.7 years
CEO Bio

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.

CEO Compensation
  • Dave's compensation has increased by more than 20% in the past year.
  • Dave's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Deckers Outdoor management team in years:

2.8
Average Tenure
50.5
Average Age
  • The tenure for the Deckers Outdoor management team is about average.
Management Team

Dave Powers

TITLE
CEO, President & Director
COMPENSATION
$6M
AGE
51
TENURE
2.7 yrs

David Lafitte

TITLE
Chief Operating Officer
COMPENSATION
$2M
AGE
54
TENURE
4 yrs

Stefano Caroti

TITLE
President of Omni-Channel
COMPENSATION
$2M
AGE
55
TENURE
3.3 yrs

Andrea O’Donnell

TITLE
President of Fashion Lifestyle
COMPENSATION
$2M
AGE
49
TENURE
2.8 yrs

Steve Fasching

TITLE
Chief Financial Officer
AGE
50
TENURE
0.7 yrs

Erinn Kohler

TITLE
Director of Investor Relations & Corporate Planning

Tom Garcia

TITLE
Senior VP

Graciela Montgomery

TITLE
Chief Human Resources Officer

John Kalinich

TITLE
Senior Vice President of Global DTC
COMPENSATION
$359K
AGE
50
TENURE
1.9 yrs

Brad Willis

TITLE
Senior Vice President of Information Technology
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Deckers Outdoor board of directors in years:

3.4
Average Tenure
57
Average Age
  • The tenure for the Deckers Outdoor board of directors is about average.
Board of Directors

John Gibbons

TITLE
Chairman of the Board
COMPENSATION
$323K
AGE
69
TENURE
1.4 yrs

Dave Powers

TITLE
CEO, President & Director
COMPENSATION
$6M
AGE
51
TENURE
2.7 yrs

Mike Devine

TITLE
Director
COMPENSATION
$258K
AGE
60
TENURE
7.9 yrs

Lauri Shanahan

TITLE
Director
COMPENSATION
$238K
AGE
55
TENURE
7.4 yrs

James Quinn

TITLE
Independent Director
COMPENSATION
$223K
AGE
66
TENURE
7.4 yrs

Bonita Stewart

TITLE
Director
COMPENSATION
$203K
AGE
61
TENURE
4.4 yrs

Nelson Chan

TITLE
Director
COMPENSATION
$203K
AGE
57
TENURE
4.2 yrs

Bill McComb

TITLE
Director
AGE
55
TENURE
0.8 yrs

Brian Spaly

TITLE
Independent Director
TENURE
0.7 yrs

Cindy Davis

TITLE
Independent Director
AGE
56
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
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
X
Management checks
We assess Deckers Outdoor's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Deckers Outdoor has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DO2 News

Simply Wall St News

DO2 Company Info

Map
Description

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.

Details
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
Listings
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
Number of employees
Current staff
Staff numbers
3,500
Deckers Outdoor employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
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.

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