Stock Analysis on Net

Deckers Outdoor Corp. (NYSE:DECK)

This company has been moved to the archive! The financial data has not been updated since February 5, 2024.

Market Value Added (MVA)

Microsoft Excel

Market value added (MVA) is the difference between a firm fair value and its invested capital. MVA is a measure of the value a company has created in excess of the resources already committed to the enterprise.


MVA

Deckers Outdoor Corp., MVA calculation

US$ in thousands

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Fair value of mortgage payable1 30,901 31,504 32,082
Operating lease liability 246,488 222,070 223,042 264,815 242,193 276,486
Market value of common equity 12,169,037 7,282,824 9,329,600 5,482,856 4,421,716 3,349,259
Market (fair) value of Deckers 12,415,525 7,504,894 9,552,642 5,778,572 4,695,413 3,657,826
Less: Invested capital2 1,948,548 1,736,074 1,642,284 1,422,595 1,307,197 1,227,436
MVA 10,466,977 5,768,820 7,910,358 4,355,977 3,388,216 2,430,391

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Deckers Outdoor Corp. market (fair) value less invested capital. Deckers Outdoor Corp. MVA decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

MVA Spread Ratio

Deckers Outdoor Corp., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 10,466,977 5,768,820 7,910,358 4,355,977 3,388,216 2,430,391
Invested capital2 1,948,548 1,736,074 1,642,284 1,422,595 1,307,197 1,227,436
Performance Ratio
MVA spread ratio3 537.17% 332.29% 481.67% 306.20% 259.20% 198.01%
Benchmarks
MVA Spread Ratio, Competitors4
lululemon athletica inc. 823.41% 1,048.09% 1,047.39% 793.45% 713.46%
Nike Inc. 745.30% 764.83% 1,149.95% 776.97% 904.20%

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 MVA. See details »

2 Invested capital. See details »

3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 10,466,977 ÷ 1,948,548 = 537.17%

4 Click competitor name to see calculations.

Performance ratio Description The company
MVA spread ratio The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. Deckers Outdoor Corp. MVA spread ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

MVA Margin

Deckers Outdoor Corp., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 10,466,977 5,768,820 7,910,358 4,355,977 3,388,216 2,430,391
 
Net sales 3,627,286 3,150,339 2,545,641 2,132,689 2,020,437 1,903,339
Add: Increase (decrease) in deferred revenue (2,356) 10,379
Adjusted net sales 3,624,930 3,160,718 2,545,641 2,132,689 2,020,437 1,903,339
Performance Ratio
MVA margin2 288.75% 182.52% 310.74% 204.25% 167.70% 127.69%
Benchmarks
MVA Margin, Competitors3
lululemon athletica inc. 457.15% 649.40% 866.84% 596.68% 530.94%
Nike Inc. 296.77% 346.10% 542.78% 396.41% 327.83%

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 MVA. See details »

2 2023 Calculation
MVA margin = 100 × MVA ÷ Adjusted net sales
= 100 × 10,466,977 ÷ 3,624,930 = 288.75%

3 Click competitor name to see calculations.

Performance ratio Description The company
MVA margin The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. Deckers Outdoor Corp. MVA margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.