Deckers Outdoor Corporation

Deckers Outdoor Corporation

DECKยทNYSE

$107.36

-3.1%
Consumer CyclicalApparel - Footwear & Accessories

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.

At a Glance

Live Snapshot
Market Cap$14.91B
EPS7.0400
P/E Ratio15.25
Earnings Date07/23/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 15.3).

Valuation inputs: P/E 15.3, earnings yield +6.6%, momentum -3.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is strong (ROE +41.0%, ROIC +32.9%).

Profitability stack: net margin +18.7%, ROE +41.0%, ROIC +32.9%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +10.4%, momentum -3.1%, net margin +18.7%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

deck

Deckers Outdoor Corporation Market vs Earnings Trajectory

DECK ยท NYSE

Loading price and EPS data...

Deckers Outdoor Corporation

Deckers Outdoor Corporation Fair Value Envelope

DECK ยท NYSE

Our analysis suggests that DECK has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $107.36, this represents a potential HIDDEN relative to our calculated worth for Deckers Outdoor Corporation.

Intrinsic Value
Current Price: $107.36
3Y+117.0%
5Y+210.0%
10Y+23367.0%
3Y+51.0%
5Y+115.0%
10Y+206.0%
3Y+98.0%
5Y+168.0%
10Y+17835.0%
3Y+506.0%
5Y+265.0%
10Y+730.0%
3Y+690.0%
5Y+277.0%
10Y+1645.0%
3Y+44.0%
5Y+70.0%
10Y+209.0%
Deckers Outdoor Corporation

Deckers Outdoor Corporation Profit Bridge

DECK ยท NYSE
Revenue5.47B
Cost of Goods Sold (2.31B)
Gross Profit3.16B
Operating Expenses (1.89B)
Operating Income1.26B
Interest Expense (0.00)
Other Income/Expense63.45M
Pretax Income1.33B
Income Tax (302.29M)
Net Income1.02B
Net Income
1.02B

Profitability Analysis

Gross Margin

57.7%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

23.1%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

18.7%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

22.8%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

57.70%
Gross Profit Margin
3Y+15.0%
5Y+7.0%
10Y+24.0%
23.08%
Operating Profit Margin
-2%
3Y+28.0%
5Y+17.0%
10Y-21628.0%
18.71%
Net Profit Margin
-3%
3Y+31.0%
5Y+25.0%
10Y+5766.0%
40.97%
Return on Equity
7%
3Y+40.0%
5Y+55.0%
10Y+6746.0%
27.77%
Return on Assets
4%
3Y+37.0%
5Y+57.0%
10Y+5696.0%
32.86%
Return on Invested Capital
5%
3Y+37.0%
5Y+49.0%
10Y+21545.0%
DECK

Deckers Outdoor Corporation Cash Conversion Engine

DECK ยท NYSE
Net Income966.09M
Depreciation & Amortization69.35M
Stock-Based Compensation37.94M
Change in Working Capital-38.20M
Others14.88M
Capital Expenditures-86.17M
Free Cash Flow958.35M

Cash Flow Quality Analysis

FCF Conversion Rate

99.2%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

8.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+1.5%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$38.20M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

deck

Deckers Outdoor Corporation Funding & Solvency Profile

DECK ยท NYSE
Cash & Cash Equivalents1.91B
Net Receivables318.98M
Inventory487.02M
Other Current Assets137.18M
Total Current Assets3 B
Property, Plant & Equipment672.88M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets164.47M
Total Non-Current Assets837 M
Total Assets
3.69B

Financial Health Analysis

Current Ratio

3.54x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.12x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

2 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

77% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

deck

Deckers Outdoor Corporation Street Expectations Map

DECK ยท NYSE

Wall Street analysts project that DECK stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 118.73, with estimates ranging from a low of 90.00 to a high of 145.00.

Lowest Target
90.00
-16.17%
Consensus Target
118.73
10.59%
Highest Target
145.00
35.06%

The consensus 1-year price target stands at 118.73, with estimates ranging from a low of 90.00 to a high of 145.00.

Analyst Consensus Analysis

Upside Potential

+10.6%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

46.3% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Risk-Reward Profile

2.17x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Asymmetric upside: Strong return potential with favorable risk-reward profile. The limited downside relative to upside makes this an attractive risk-adjusted opportunity for growth-oriented portfolios.

deck

Deckers Outdoor Corporation Insider Positioning

DECK ยท NYSE

During the last 12 months, insiders have purchased $200K and sold $1.14M worth of DECK shares, resulting in $936K of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

9.1K

1.05M

Net Activity

-1.0M

-$1.05M

6-9 Months

Bought

0

0.00

Sold

1.0K

84.75K

Net Activity

-85K

-$85K

9-12 Months

Bought

1.8K

200.32K

Sold

24

2.63K

Net Activity

+198K

+$198K

Top Buyers

1
DCL

Davis Cindy L

Director

1.8K sharesโ€ข1 transactions

$200K

Top Sellers

1
SLM

Shanahan Lauri M

Director

4.7K sharesโ€ข1 transactions

$538K

2
SA

Spangenberg Anne

Officer: President, Fashion Lifestyle

4.1K sharesโ€ข1 transactions

$471K

3
OA

Ogbechie Angela

Officer: Chief Supply Chain Officer

956 sharesโ€ข1 transactions

$78K

4
SR

Spring-Green Robin

Officer: President, Hoka

347 sharesโ€ข1 transactions

$39K

5
IMS

Ibrahim Maha Saleh

Director

80 sharesโ€ข2 transactions

$9K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $936K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.18:1

Weak buy/sell ratio. Selling significantly exceeds buyingโ€”monitor for potential fundamental concerns.

Insider Participation

High Selling

5 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

DECK has not reported any dividend yield values in the available annual periods.

ย 

deck Dividend History

DECK
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%