Added to YB: 2026-08-27
Pitch date: 2026-08-25
DECK [bullish]
Deckers Outdoor Corporation
+0.77%
current return
Author Info
No bio for this author
Company Info
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally.
Market Cap
$12.5B
Pitch Price
$88.79
Price Target
120.00 (+35%)
Dividend
N/A
EV/EBITDA
7.71
P/E
12.98
EV/Sales
2.06
Sector
Textiles, Apparel and Luxury Goods
Category
value
$DECK DCF VALUATION MODEL
DECK (quick overview): DCF pegs FV $120, ~24% below intrinsic; ~10% avg annual alpha if reaches FV within 3yrs. Thesis: story intact, only valuation broke — 60% drawdown yet still 23% 10yr annualized. High-quality compounder shifting from hyper-growth to sustainable HSD rev growth, driven by HOKA/UGG + international (FY26 intl +26.8%). Mgmt guides HSD annual rev growth thru FY2030; FY27 rev ~$5.86-5.91bn. Capital-light (capex ~1.5% sales), rising ROIC, narrow moat; bought back ~10% of co TTM below intrinsic value. Key assumptions: 7%/4.3% 5Y/5Y growth, EBITDA margin 24%→22%, WACC 9.3%, exit mult 9.7x. Risk: growth moderating (Q1 FY27 sales +5.7%, HOKA +7.7%).
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