Deckers Outdoor Intrinsic Stock Value – DECKERS OUTDOOR Reports Record Earnings for First Quarter of FY2024

August 23, 2023

🌥️Earnings Overview

DECKERS OUTDOOR ($NYSE:DECK) revealed its financial report for the first quarter of FY2024, ending June 30 2023, on July 27 2023. Income for the quarter totaled USD 675.8 million, a 10.0% growth compared to a year ago, and net income was USD 63.6 million, an increase of 41.7% year-over-year.

Share Price

On Thursday, DECKERS OUTDOOR Corporation reported record earnings for the first quarter of FY2024. The company’s stock opened at $556.3 and closed at $537.0, down 3.8% from the prior closing price of $558.0. The company attributed its success to a strong performance across all its product categories, with sales of outdoor footwear, apparel, and accessories showing particularly robust growth. CEO and Chairman Dave Powers commented on the excellent performance, saying “We are very pleased with our strong first quarter results, which demonstrate the strength of our business and our ability to deliver consistent returns to shareholders over time.

We are confident that we are on track to achieve our full-year goals.” Overall, DECKERS OUTDOOR’s impressive earnings report is yet another indication of the company’s success and its ability to deliver value to its shareholders. Investors will be watching closely to see if the company can keep up this performance in the coming quarters. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Deckers Outdoor. More…

    Total Revenues Net Income Net Margin
    3.69k 535.52 14.5%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Deckers Outdoor. More…

    Operations Investing Financing
    691.61 -99.28 -234.61
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Deckers Outdoor. More…

    Total Assets Total Liabilities Book Value Per Share
    2.85k 1.05k 68.95
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Deckers Outdoor are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    19.9% 22.6% 18.8%
    FCF Margin ROE ROA
    16.1% 23.9% 15.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Deckers Outdoor Intrinsic Stock Value

    At GoodWhale, our analysis of DECKERS OUTDOOR‘s financials provides a comprehensive insight into the intrinsic value of the company’s share. After careful consideration of all relevant aspects, our proprietary Valuation Line revealed that the intrinsic value of DECKERS OUTDOOR share should be around $438.7. Nevertheless, the current stock price of DECKERS OUTDOOR is around $537.0, which implies a 22.4% overvaluation. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Deckers Outdoor Corp, together with its subsidiaries, engages in the design, manufacture, and marketing of footwear, apparel, and accessories for casual lifestyle use and high performance activities. Its principal brands include UGG, Koolaburra, HOKA ONE ONE, and Teva. The company sells its products to retailers in the United States and 180 countries through its direct-to-consumer channels and third-party distributors. As of December 31, 2018, it operated 310 UGG stores, including full-price, factory, and outlet stores; and e-commerce Websites. The company was founded in 1973 and is headquartered in Goleta, California. Puma SE, together with its subsidiaries, designs, develops, markets, and distributes athletic and casual footwear, apparel, and accessories. The company operates through two segments, Wholesale and Retail. It offers performance and sport-inspired lifestyle products in categories, such as football, running, training, golf, and motorsports. The company sells its products to shoe stores, sporting goods stores, department stores, golf pro shops, tennis specialty stores, mass market retailers, and its own Internet Websites and direct-to-consumer stores. As of December 31, 2018, it operated 1,478 company-owned stores. Puma SE was founded in 1948 and is headquartered in Herzogenaurach, Germany. Vera Bradley, Inc. designs, manufactures, markets, and retails functional accessories for women under the Vera Bradley brand name. The company offers a range of products, including handbags and totes, wallets and wristlets, travel and leisure items, stationery and gifts, eyewear and sunglasses, shoes, baby items, fragrance collections, and home products. It offers its products through its Vera Bradley retail stores; direct-to-consumer channels comprising Vera Bradley direct Website; company-owned outlet stores; company-owned factory outlet stores; independent specialty retailers; national chains; college bookstores; and other retailers. Vera Bradley, Inc. was founded in 1982 and is headquartered in Roanoke, Indiana. Steven Madden, Ltd. designs, sources, markets, licenses, and sells fashion footwear and accessories for women, men, and children worldwide. The company operates through three segments: Wholesale Footwear, Retail, and Licensing. It designs and sources footwear for women under the Steve Madden Women’s Wholesale Footwear, Madden Girl Wholesale Footwear, Freebird by Steven Wholesale Footwear, Betsey Johnson Wholesale Footwear, Dolce Vita Wholesale Footwear, Mad Love Wholesale Footwear, Steven by Steve Madden Wholesale Footwear, Superga Wholesale Footwear, Report Signature Wholesale Footwear, Maurice Mallet Wholesale Footwear, Greyson Wholesale Footwear, BB Dakota Wholesale Footwear, Blondo Wholesale Footwear, Big Star Vintage Wholesale Footwear, Wild Diva Lounge Wholesale Footwear, Bamboo Wholesale Footwear, Betseyville Wholesale Footwear, DVDO by Steve Madden Wholesale Footwear, Cejon Wholesale Footwear, Steve Madden Men’s Wholesale Footwear, De Blossom Collection Wholesale Footwear, Steven by Steve Madden Kids’ Wholesale Footwear, Brian Atwood Wholesale Footwear, Blondo Kids’ Wholesale Footwear, and Betsey Johnson Kids’ Wholesale Footwear brands.

    – Puma SE ($OTCPK:PUMSY)

    Puma SE, formerly known as Puma AG Rudolf Dassler Sport, is a German multinational corporation that designs and manufactures athletic and casual footwear, apparel and accessories, headquartered in Herzogenaurach, Bavaria. As of 2022, Puma SE has a market cap of 6.88B and a Return on Equity of 16.63%. The company operates in more than 120 countries and employs over 13,000 people worldwide. Puma is the third largest sportswear manufacturer in the world. The company was founded in 1948 by Rudolf Dassler.

    – Vera Bradley Inc ($NASDAQ:VRA)

    Vera Bradley Inc is a designer and marketer of accessories for women. The company operates through three segments: Direct, Indirect, and Other. The Direct segment offers products through the company’s owned retail stores and website. The Indirect segment provides products to department stores, specialty retailers, and national chains. The Other segment includes licensing and corporate-owned outlets. Vera Bradley Inc was founded in 1982 and is headquartered in Roanoke, Indiana.

    – Steven Madden Ltd ($NASDAQ:SHOO)

    Steven Madden, Ltd. is a leading designer, marketer and distributor of fashion footwear and accessories for women, men and children. The Company’s wholesale business is engaged in the design, sourcing and marketing of footwear for young women, men and children. The Company’s retail business is engaged in the operation of specialty retail stores and e-commerce Websites, as well as the sale of its products to department store and other retailers. The Company’s products are marketed under a variety of brands, including Steve Madden, Freebird by Steven, Steven by Steve Madden, Grace, Betsey Johnson, Brian Atwood, Blondo, David Tate, Dolce Vita, DV by Dolce Vita, ENZO ANGIOLINI, Mad Love, L.A.M.B., Big Buddha, Report, Wild Diva, CeCe, Betseyville by Betsey Johnson and Superga.


    Investors in DECKERS OUTDOOR are likely pleased with the company’s latest earnings report for the first quarter of FY2024. Total revenue for the period was up 10.0% year-over-year, reaching USD 675.8 million. Net income saw even greater growth of 41.7%, totaling USD 63.6 million. Despite this positive performance, stock prices moved down on the day of the announcement.

    This could be due to an overall bearish sentiment in the market or may indicate that investors are expecting further growth in the upcoming quarters. Analysts may want to keep a close eye on the company’s performance in the next few quarters to get a better understanding of its long-term prospects.

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