Intrinsic value of Deckers Outdoor - DECK

Previous Close

$64.41

  Intrinsic Value

$66.28

stock screener

  Rating & Target

hold

+3%

  Value-price divergence*

+30%

Previous close

$64.41

 
Intrinsic value

$66.28

 
Up/down potential

+3%

 
Rating

hold

 
Value-price divergence*

+30%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of DECK stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.19
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  1,875
  1,913
  1,956
  2,007
  2,063
  2,126
  2,194
  2,269
  2,350
  2,437
  2,531
  2,631
  2,738
  2,851
  2,972
  3,100
  3,236
  3,380
  3,532
  3,693
  3,862
  4,041
  4,230
  4,429
  4,639
  4,860
  5,092
  5,337
  5,595
  5,866
  6,151
Variable operating expenses, $m
 
  1,677
  1,715
  1,759
  1,808
  1,863
  1,922
  1,987
  2,058
  2,134
  2,215
  2,289
  2,382
  2,481
  2,586
  2,698
  2,816
  2,941
  3,073
  3,213
  3,361
  3,517
  3,681
  3,854
  4,037
  4,229
  4,431
  4,644
  4,868
  5,104
  5,352
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,713
  1,677
  1,715
  1,759
  1,808
  1,863
  1,922
  1,987
  2,058
  2,134
  2,215
  2,289
  2,382
  2,481
  2,586
  2,698
  2,816
  2,941
  3,073
  3,213
  3,361
  3,517
  3,681
  3,854
  4,037
  4,229
  4,431
  4,644
  4,868
  5,104
  5,352
Operating income, $m
  162
  235
  241
  248
  255
  263
  272
  282
  292
  304
  316
  342
  355
  370
  386
  402
  420
  439
  459
  479
  501
  525
  549
  575
  602
  631
  661
  693
  726
  762
  799
EBITDA, $m
  212
  281
  287
  295
  303
  312
  322
  333
  345
  358
  372
  387
  402
  419
  437
  456
  475
  497
  519
  543
  567
  594
  622
  651
  682
  714
  748
  784
  822
  862
  904
Interest expense (income), $m
  5
  0
  1
  1
  2
  3
  4
  6
  7
  9
  10
  12
  14
  16
  18
  20
  22
  25
  27
  30
  33
  36
  39
  42
  46
  50
  54
  58
  62
  67
  72
Earnings before tax, $m
  157
  235
  241
  246
  253
  260
  268
  276
  285
  295
  306
  330
  342
  355
  368
  383
  398
  414
  431
  450
  469
  489
  510
  533
  556
  581
  607
  635
  664
  694
  727
Tax expense, $m
  35
  64
  65
  67
  68
  70
  72
  75
  77
  80
  83
  89
  92
  96
  99
  103
  107
  112
  116
  121
  127
  132
  138
  144
  150
  157
  164
  171
  179
  187
  196
Net income, $m
  122
  172
  176
  180
  185
  190
  195
  202
  208
  215
  223
  241
  250
  259
  269
  279
  291
  302
  315
  328
  342
  357
  372
  389
  406
  424
  443
  463
  485
  507
  530

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  246
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,278
  1,053
  1,077
  1,104
  1,136
  1,170
  1,208
  1,249
  1,293
  1,341
  1,393
  1,448
  1,507
  1,569
  1,636
  1,706
  1,781
  1,860
  1,944
  2,032
  2,126
  2,224
  2,328
  2,438
  2,553
  2,675
  2,803
  2,937
  3,079
  3,228
  3,385
Adjusted assets (=assets-cash), $m
  1,032
  1,053
  1,077
  1,104
  1,136
  1,170
  1,208
  1,249
  1,293
  1,341
  1,393
  1,448
  1,507
  1,569
  1,636
  1,706
  1,781
  1,860
  1,944
  2,032
  2,126
  2,224
  2,328
  2,438
  2,553
  2,675
  2,803
  2,937
  3,079
  3,228
  3,385
Revenue / Adjusted assets
  1.817
  1.817
  1.816
  1.818
  1.816
  1.817
  1.816
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
  1.817
Average production assets, $m
  320
  327
  335
  343
  353
  364
  375
  388
  402
  417
  433
  450
  468
  488
  508
  530
  553
  578
  604
  631
  660
  691
  723
  757
  793
  831
  871
  913
  957
  1,003
  1,052
Working capital, $m
  547
  375
  383
  393
  404
  417
  430
  445
  461
  478
  496
  516
  537
  559
  583
  608
  634
  662
  692
  724
  757
  792
  829
  868
  909
  953
  998
  1,046
  1,097
  1,150
  1,206
Total debt, $m
  67
  4
  10
  17
  24
  32
  41
  51
  61
  73
  85
  98
  112
  126
  142
  159
  176
  195
  215
  236
  258
  281
  305
  331
  359
  387
  417
  449
  483
  518
  555
Total liabilities, $m
  311
  248
  254
  261
  268
  276
  285
  295
  305
  317
  329
  342
  356
  370
  386
  403
  420
  439
  459
  480
  502
  525
  549
  575
  603
  631
  661
  693
  727
  762
  799
Total equity, $m
  967
  804
  823
  844
  868
  894
  923
  954
  988
  1,025
  1,064
  1,106
  1,151
  1,199
  1,250
  1,304
  1,361
  1,421
  1,485
  1,553
  1,624
  1,699
  1,779
  1,862
  1,951
  2,043
  2,141
  2,244
  2,352
  2,466
  2,586
Total liabilities and equity, $m
  1,278
  1,052
  1,077
  1,105
  1,136
  1,170
  1,208
  1,249
  1,293
  1,342
  1,393
  1,448
  1,507
  1,569
  1,636
  1,707
  1,781
  1,860
  1,944
  2,033
  2,126
  2,224
  2,328
  2,437
  2,554
  2,674
  2,802
  2,937
  3,079
  3,228
  3,385
Debt-to-equity ratio
  0.069
  0.010
  0.010
  0.020
  0.030
  0.040
  0.040
  0.050
  0.060
  0.070
  0.080
  0.090
  0.100
  0.110
  0.110
  0.120
  0.130
  0.140
  0.140
  0.150
  0.160
  0.170
  0.170
  0.180
  0.180
  0.190
  0.190
  0.200
  0.210
  0.210
  0.210
Adjusted equity ratio
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764
  0.764

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  122
  172
  176
  180
  185
  190
  195
  202
  208
  215
  223
  241
  250
  259
  269
  279
  291
  302
  315
  328
  342
  357
  372
  389
  406
  424
  443
  463
  485
  507
  530
Depreciation, amort., depletion, $m
  50
  46
  46
  47
  48
  49
  50
  52
  53
  54
  56
  45
  47
  49
  51
  53
  55
  58
  60
  63
  66
  69
  72
  76
  79
  83
  87
  91
  96
  100
  105
Funds from operations, $m
  31
  217
  222
  227
  233
  239
  246
  253
  261
  270
  279
  286
  296
  308
  320
  332
  346
  360
  375
  391
  408
  426
  445
  465
  485
  507
  530
  555
  580
  607
  636
Change in working capital, $m
  -95
  7
  9
  10
  11
  12
  13
  15
  16
  17
  18
  20
  21
  22
  24
  25
  27
  28
  30
  31
  33
  35
  37
  39
  41
  43
  46
  48
  50
  53
  56
Cash from operations, $m
  126
  210
  213
  217
  222
  227
  232
  239
  245
  253
  261
  266
  275
  285
  296
  307
  319
  332
  346
  360
  375
  391
  408
  426
  444
  464
  485
  507
  530
  554
  580
Maintenance CAPEX, $m
  0
  -32
  -33
  -33
  -34
  -35
  -36
  -38
  -39
  -40
  -42
  -43
  -45
  -47
  -49
  -51
  -53
  -55
  -58
  -60
  -63
  -66
  -69
  -72
  -76
  -79
  -83
  -87
  -91
  -96
  -100
New CAPEX, $m
  -70
  -7
  -8
  -9
  -10
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -21
  -22
  -23
  -25
  -26
  -27
  -29
  -31
  -32
  -34
  -36
  -38
  -40
  -42
  -44
  -46
  -49
Cash from investing activities, $m
  -67
  -39
  -41
  -42
  -44
  -46
  -48
  -51
  -53
  -55
  -58
  -60
  -63
  -66
  -70
  -73
  -76
  -80
  -84
  -87
  -92
  -97
  -101
  -106
  -112
  -117
  -123
  -129
  -135
  -142
  -149
Free cash flow, $m
  59
  171
  173
  175
  178
  181
  184
  188
  193
  198
  203
  206
  212
  219
  227
  235
  243
  252
  262
  272
  283
  294
  306
  319
  333
  347
  362
  378
  395
  412
  431
Issuance/(repayment) of debt, $m
  62
  4
  6
  7
  7
  8
  9
  10
  11
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  27
  29
  30
  32
  33
  35
  37
Issuance/(repurchase) of shares, $m
  -94
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -36
  4
  6
  7
  7
  8
  9
  10
  11
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  27
  29
  30
  32
  33
  35
  37
Total cash flow (excl. dividends), $m
  21
  175
  179
  182
  185
  189
  193
  198
  203
  209
  215
  219
  226
  234
  242
  251
  261
  271
  281
  293
  305
  317
  331
  345
  360
  376
  392
  410
  428
  447
  468
Retained Cash Flow (-), $m
  -30
  -16
  -18
  -21
  -24
  -26
  -29
  -31
  -34
  -37
  -39
  -42
  -45
  -48
  -51
  -54
  -57
  -60
  -64
  -68
  -71
  -75
  -79
  -84
  -88
  -93
  -98
  -103
  -108
  -114
  -120
Prev. year cash balance distribution, $m
 
  179
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  338
  160
  160
  161
  162
  164
  166
  169
  172
  176
  177
  181
  186
  191
  197
  204
  210
  218
  225
  233
  242
  251
  261
  272
  283
  294
  307
  320
  333
  348
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  324
  147
  140
  133
  126
  119
  112
  106
  99
  92
  84
  77
  71
  64
  58
  52
  46
  40
  35
  30
  25
  21
  17
  14
  11
  9
  7
  5
  4
  3
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers luxurious comfort footwear, handbags, apparel, home, and cold weather accessories under the UGG brand name; casual sandals, shoes, and boots under the Teva brand name; and action sport footwear under the Sanuk brand name. The company also provides outdoor performance and lifestyle footwear products under the Ahnu brand name; running footwear under the Hoka One One brand name; fashion casual footwear using sheepskin and other plush materials under the Koolaburra brand; and linings and foot beds under the UGGpure brand. It markets its products primarily to specialty retailers, selected department stores, outdoor retailers, sporting goods retailers, shoe stores, and online retailers. The company also sells its products directly to end-user consumers through its Websites, call centers, and retail stores, as well as distributes its products through distributors and retailers in the United States, Europe, the Asia-Pacific, Canada, Latin America, and internationally. As of March 31, 2016, it had 153 retail stores. The company was founded in 1973 and is headquartered in Goleta, California.

FINANCIAL RATIOS  of  Deckers Outdoor (DECK)

Valuation Ratios
P/E Ratio 16.9
Price to Sales 1.1
Price to Book 2.1
Price to Tangible Book
Price to Cash Flow 16.4
Price to Free Cash Flow 36.8
Growth Rates
Sales Growth Rate 3.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -30.7%
Cap. Spend. - 3 Yr. Gr. Rate 0.9%
Financial Strength
Quick Ratio 4
Current Ratio 0.2
LT Debt to Equity 0%
Total Debt to Equity 6.9%
Interest Coverage 32
Management Effectiveness
Return On Assets 10.3%
Ret/ On Assets - 3 Yr. Avg. 12.9%
Return On Total Capital 12.3%
Ret/ On T. Cap. - 3 Yr. Avg. 15.7%
Return On Equity 12.8%
Return On Equity - 3 Yr. Avg. 16%
Asset Turnover 1.5
Profitability Ratios
Gross Margin 45.3%
Gross Margin - 3 Yr. Avg. 47.1%
EBITDA Margin 11.3%
EBITDA Margin - 3 Yr. Avg. 13.5%
Operating Margin 8.6%
Oper. Margin - 3 Yr. Avg. 10.7%
Pre-Tax Margin 8.4%
Pre-Tax Margin - 3 Yr. Avg. 10.5%
Net Profit Margin 6.5%
Net Profit Margin - 3 Yr. Avg. 7.7%
Effective Tax Rate 22.3%
Eff/ Tax Rate - 3 Yr. Avg. 26.4%
Payout Ratio 0%

DECK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the DECK stock intrinsic value calculation we used $1875 million for the last fiscal year's total revenue generated by Deckers Outdoor. The default revenue input number comes from 2016 income statement of Deckers Outdoor. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our DECK stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for DECK is calculated based on our internal credit rating of Deckers Outdoor, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Deckers Outdoor.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of DECK stock the variable cost ratio is equal to 87.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for DECK stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 13.9% for Deckers Outdoor.

Corporate tax rate of 27% is the nominal tax rate for Deckers Outdoor. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the DECK stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for DECK are equal to 17.1%.

Life of production assets of 10 years is the average useful life of capital assets used in Deckers Outdoor operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for DECK is equal to 19.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $967 million for Deckers Outdoor - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 31.285 million for Deckers Outdoor is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Deckers Outdoor at the current share price and the inputted number of shares is $2.0 billion.

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COMPANY NEWS

▶ Deckers reports 1Q loss   [09:25PM  Associated Press]
▶ Deckers Outdoor Trying To Close In On Key Technical Benchmark   [03:00AM  Investor's Business Daily]
▶ Just the Facts, Ma'am: July Strategy Update   [Jul-20-17 03:41PM  Zacks]
▶ Deckers Outdoor Trying To Close In On Key Technical Measure   [Jul-14-17 03:00AM  Investor's Business Daily]
▶ Uggs or Ugh?   [02:00PM  Bloomberg]
▶ The Market In 5 Minutes   [Jun-28-17 09:20AM  Benzinga]
▶ Top Ranked Momentum Stocks to Buy for June 19th   [Jun-19-17 10:39AM  Zacks]
▶ HOKA ONE ONE Grows Elite Team   [Jun-15-17 09:00AM  Business Wire]
▶ Why Deckers Outdoor Corp. Stock Jumped 16.4% in May   [Jun-08-17 09:14PM  Motley Fool]
▶ Deckers Outdoor Downgraded at Buckingham   [10:20AM  TheStreet.com]
▶ Company News for May 30, 2017   [10:15AM  Zacks]
▶ What Happened in the Stock Market Today   [May-26-17 05:02PM  Motley Fool]
▶ Deckers Projects Higher Profits for 2018   [May-25-17 10:40PM  Motley Fool]
▶ Deckers reports 4Q loss   [04:22PM  Associated Press]
▶ Edwards Lifesciencse and Deckers rise; US Steel plunges   [Apr-26-17 05:27PM  Associated Press]
▶ Deckers, owner of UGG brand, exploring a sale   [02:05PM  American City Business Journals]
▶ Yahoo Finance Live: Market Movers - Apr 26th, 2017   [07:20AM  Yahoo Finance Video]
▶ UGG brand owner Deckers explores sale   [Apr-25-17 05:41PM  Reuters]
▶ The maker of UGG boots is up for sale   [04:37PM  Business Insider]
▶ Novice Activist Fund Urges UGG Boots Owner to Sell Itself   [Mar-27-17 05:53PM  TheStreet.com]
▶ [$$] Goose, GooseDuck!   [Mar-18-17 01:21AM  at Barrons.com]
▶ [$$] Don't Go on a Wild Canada Goose Chase   [Mar-17-17 02:17PM  Barrons.com]
Stock chart of DECK Financial statements of DECK Annual reports of DECK
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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