DECKERS OUTDOOR CORP (DECK) Stock Fundamental Analysis
NYSE:DECK - New York Stock Exchange, Inc. - US2435371073 - Common Stock - Currency: USD
DECK gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 48 industry peers in the Textiles, Apparel & Luxury Goods industry. Both the health and profitability get an excellent rating, making DECK a very profitable company, without any liquidiy or solvency issues. DECK has a decent growth rate and is not valued too expensively. These ratings could make DECK a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
In the past year DECK was profitable.
In the past year DECK had a positive cash flow from operations.
In the past 5 years DECK has always been profitable.
DECK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of DECK (27.06%) is better than 100.00% of its industry peers.
DECK has a Return On Equity of 38.44%. This is amongst the best in the industry. DECK outperforms 91.67% of its industry peers.
With an excellent Return On Invested Capital value of 32.69%, DECK belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
DECK had an Average Return On Invested Capital over the past 3 years of 29.23%. This is significantly above the industry average of 11.61%.
The 3 year average ROIC (29.23%) for DECK is below the current ROIC(32.69%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 27.06% | ||
| ROE | 38.44% | ||
| ROIC | 32.69% |
ROA(3y)23.83%
ROA(5y)21.71%
ROE(3y)34.58%
ROE(5y)31.92%
ROIC(3y)29.23%
ROIC(5y)27.24%
1.3 Margins
DECK has a Profit Margin of 19.38%. This is amongst the best in the industry. DECK outperforms 97.92% of its industry peers.
In the last couple of years the Profit Margin of DECK has grown nicely.
With an excellent Operating Margin value of 23.65%, DECK belongs to the best of the industry, outperforming 95.83% of the companies in the same industry.
DECK's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 57.88%, DECK is doing good in the industry, outperforming 68.75% of the companies in the same industry.
DECK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.65% | ||
| PM (TTM) | 19.38% | ||
| GM | 57.88% |
OM growth 3Y9.57%
OM growth 5Y8.3%
PM growth 3Y10.54%
PM growth 5Y8.4%
GM growth 3Y4.29%
GM growth 5Y2.26%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), DECK is creating value.
DECK has less shares outstanding than it did 1 year ago.
The number of shares outstanding for DECK has been reduced compared to 5 years ago.
DECK has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 13.42 indicates that DECK is not in any danger for bankruptcy at the moment.
DECK has a better Altman-Z score (13.42) than 100.00% of its industry peers.
There is no outstanding debt for DECK. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 13.42 |
ROIC/WACC3.14
WACC10.42%
2.3 Liquidity
A Current Ratio of 3.72 indicates that DECK has no problem at all paying its short term obligations.
The Current ratio of DECK (3.72) is better than 91.67% of its industry peers.
A Quick Ratio of 3.07 indicates that DECK has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.07, DECK belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.72 | ||
| Quick Ratio | 3.07 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 29.94% over the past year.
The Earnings Per Share has been growing by 31.31% on average over the past years. This is a very strong growth
The Revenue has grown by 16.28% in the past year. This is quite good.
The Revenue has been growing by 18.51% on average over the past years. This is quite good.
EPS 1Y (TTM)29.94%
EPS 3Y32.67%
EPS 5Y31.31%
EPS Q2Q%21.21%
Revenue 1Y (TTM)16.28%
Revenue growth 3Y16.53%
Revenue growth 5Y18.51%
Sales Q2Q%6.46%
3.2 Future
The Earnings Per Share is expected to grow by 9.07% on average over the next years. This is quite good.
DECK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.56% yearly.
EPS Next Y3.72%
EPS Next 2Y7.57%
EPS Next 3Y7.63%
EPS Next 5Y9.07%
Revenue Next Year8.6%
Revenue Next 2Y8.23%
Revenue Next 3Y8.98%
Revenue Next 5Y7.56%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
DECK is valuated rather expensively with a Price/Earnings ratio of 17.35.
DECK's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.59, DECK is valued a bit cheaper.
DECK is valuated correctly with a Price/Forward Earnings ratio of 16.72.
DECK's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of DECK to the average of the S&P500 Index (22.39), we can say DECK is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.35 | ||
| Fwd PE | 16.72 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as DECK.
DECK's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.15 | ||
| EV/EBITDA | 11.65 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DECK does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of DECK may justify a higher PE ratio.
PEG (NY)4.66
PEG (5Y)0.55
EPS Next 2Y7.57%
EPS Next 3Y7.63%
5. Dividend
5.1 Amount
DECK does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
110
-0.91 (-0.82%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners96.4%
Inst Owner Change4.07%
Ins Owners0.69%
Ins Owner Change-7.54%
Market Cap16.44B
Analysts76
Price Target130.24 (18.4%)
Short Float %5.4%
Short Ratio2.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)38.93%
Min EPS beat(2)15%
Max EPS beat(2)62.86%
EPS beat(4)4
Avg EPS beat(4)32.81%
Min EPS beat(4)15%
Max EPS beat(4)62.86%
EPS beat(8)8
Avg EPS beat(8)35.68%
EPS beat(12)12
Avg EPS beat(12)29.77%
EPS beat(16)15
Avg EPS beat(16)210.52%
Revenue beat(2)1
Avg Revenue beat(2)1.58%
Min Revenue beat(2)-0.41%
Max Revenue beat(2)3.58%
Revenue beat(4)3
Avg Revenue beat(4)2.53%
Min Revenue beat(4)-0.41%
Max Revenue beat(4)6.79%
Revenue beat(8)6
Avg Revenue beat(8)4.07%
Revenue beat(12)10
Avg Revenue beat(12)4.74%
Revenue beat(16)12
Avg Revenue beat(16)5.14%
PT rev (1m)-30.22%
PT rev (3m)-42.66%
EPS NQ rev (1m)-16.61%
EPS NQ rev (3m)-17.54%
EPS NY rev (1m)-1.33%
EPS NY rev (3m)-3.24%
Revenue NQ rev (1m)-3.52%
Revenue NQ rev (3m)-3.89%
Revenue NY rev (1m)-1.45%
Revenue NY rev (3m)-2.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.35 | ||
| Fwd PE | 16.72 | ||
| P/S | 3.3 | ||
| P/FCF | 17.15 | ||
| P/OCF | 15.74 | ||
| P/B | 6.54 | ||
| P/tB | 6.62 | ||
| EV/EBITDA | 11.65 |
EPS(TTM)6.34
EY5.76%
EPS(NY)6.58
Fwd EY5.98%
FCF(TTM)6.41
FCFY5.83%
OCF(TTM)6.99
OCFY6.35%
SpS33.36
BVpS16.82
TBVpS16.62
PEG (NY)4.66
PEG (5Y)0.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 27.06% | ||
| ROE | 38.44% | ||
| ROCE | 42.11% | ||
| ROIC | 32.69% | ||
| ROICexc | 100.48% | ||
| ROICexgc | 103.87% | ||
| OM | 23.65% | ||
| PM (TTM) | 19.38% | ||
| GM | 57.88% | ||
| FCFM | 19.22% |
ROA(3y)23.83%
ROA(5y)21.71%
ROE(3y)34.58%
ROE(5y)31.92%
ROIC(3y)29.23%
ROIC(5y)27.24%
ROICexc(3y)75.95%
ROICexc(5y)68.18%
ROICexgc(3y)79.12%
ROICexgc(5y)71.99%
ROCE(3y)37.65%
ROCE(5y)35.08%
ROICexcg growth 3Y28.26%
ROICexcg growth 5Y24.35%
ROICexc growth 3Y29.34%
ROICexc growth 5Y25.51%
OM growth 3Y9.57%
OM growth 5Y8.3%
PM growth 3Y10.54%
PM growth 5Y8.4%
GM growth 3Y4.29%
GM growth 5Y2.26%
F-Score9
Asset Turnover1.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 124.25% | ||
| Cap/Sales | 1.73% | ||
| Interest Coverage | 659.08 | ||
| Cash Conversion | 83.67% | ||
| Profit Quality | 99.2% | ||
| Current Ratio | 3.72 | ||
| Quick Ratio | 3.07 | ||
| Altman-Z | 13.42 |
F-Score9
WACC10.42%
ROIC/WACC3.14
Cap/Depr(3y)149.58%
Cap/Depr(5y)129.44%
Cap/Sales(3y)2.02%
Cap/Sales(5y)1.79%
Profit Quality(3y)103.92%
Profit Quality(5y)97.21%
High Growth Momentum
Growth
EPS 1Y (TTM)29.94%
EPS 3Y32.67%
EPS 5Y31.31%
EPS Q2Q%21.21%
EPS Next Y3.72%
EPS Next 2Y7.57%
EPS Next 3Y7.63%
EPS Next 5Y9.07%
Revenue 1Y (TTM)16.28%
Revenue growth 3Y16.53%
Revenue growth 5Y18.51%
Sales Q2Q%6.46%
Revenue Next Year8.6%
Revenue Next 2Y8.23%
Revenue Next 3Y8.98%
Revenue Next 5Y7.56%
EBIT growth 1Y26.01%
EBIT growth 3Y27.68%
EBIT growth 5Y28.34%
EBIT Next Year9.28%
EBIT Next 3Y9.84%
EBIT Next 5Y7.28%
FCF growth 1Y1.54%
FCF growth 3Y99.15%
FCF growth 5Y30.43%
OCF growth 1Y1.1%
OCF growth 3Y82.32%
OCF growth 5Y29.54%