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.

Price to FCFE (P/FCFE) 

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Free Cash Flow to Equity (FCFE)

Deckers Outdoor Corp., FCFE calculation

US$ in thousands

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12 months ended: Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Net income 516,822 451,949 382,575 276,142 264,308 114,394
Net noncash charges 74,902 46,401 77,268 61,179 70,702 79,651
Changes in operating assets and liabilities (54,302) (325,997) 136,374 (50,987) 24,495 133,306
Net cash provided by operating activities 537,422 172,353 596,217 286,334 359,505 327,351
Purchases of property and equipment (81,025) (51,017) (32,218) (32,455) (29,086) (34,813)
Proceeds from sales of property and equipment 12 8 49 491 68 116
Proceeds from short-term borrowings 9,100 69,336 162,001 214,751
Repayments of short-term borrowings (9,478) (69,197) (161,621) (214,889)
Debt issuance costs on short-term borrowings (1,297)
Repayments of mortgage principal (30,901) (603) (578) (550)
Free cash flow to equity (FCFE) 456,409 121,344 532,769 253,906 328,992 291,966

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).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Deckers Outdoor Corp. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Deckers Outdoor Corp. FCFE decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Price to FCFE Ratio, Current

Deckers Outdoor Corp., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 25,668,220
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 456,409
FCFE per share 17.78
Current share price (P) 851.41
Valuation Ratio
P/FCFE 47.88
Benchmarks
P/FCFE, Competitors1
lululemon athletica inc. 23.02
Nike Inc. 16.50
P/FCFE, Sector
Consumer Durables & Apparel 31.32
P/FCFE, Industry
Consumer Discretionary 38.18

Based on: 10-K (reporting date: 2023-03-31).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.


Price to FCFE Ratio, Historical

Deckers Outdoor Corp., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
No. shares of common stock outstanding1 26,159,846 26,789,861 27,813,023 27,999,468 29,142,002 30,447,808
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 456,409 121,344 532,769 253,906 328,992 291,966
FCFE per share3 17.45 4.53 19.16 9.07 11.29 9.59
Share price1, 4 465.18 271.85 335.44 195.82 151.73 110.00
Valuation Ratio
P/FCFE5 26.66 60.02 17.51 21.59 13.44 11.47
Benchmarks
P/FCFE, Competitors6
lululemon athletica inc. 124.26 44.24 72.00 67.67 37.18
Nike Inc. 37.66 39.39 44.23 20.27 30.51
P/FCFE, Sector
Consumer Durables & Apparel 43.71 40.28 46.76 22.57 31.20
P/FCFE, Industry
Consumer Discretionary 30.84 36.19 82.92 32.04 28.99

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 Data adjusted for splits and stock dividends.

2 See details »

3 2023 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 456,409,000 ÷ 26,159,846 = 17.45

4 Closing price as at the filing date of Deckers Outdoor Corp. Annual Report.

5 2023 Calculation
P/FCFE = Share price ÷ FCFE per share
= 465.18 ÷ 17.45 = 26.66

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Deckers Outdoor Corp. P/FCFE ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.