Birkenstock Holding PLC (BIRK) vs Deckers Outdoor Corporation (DECK)

Birkenstock Holding PLC and Deckers Outdoor Corporation are both Footwear & Accessories companies. Deckers Outdoor Corporation is the larger, with a market value of $11.6B against $6.0B — 1.9× the size. Deckers Outdoor Corporation trades at the lower P/E: 11.5× against 15.3×. Birkenstock Holding PLC grew revenue faster over the last twelve months: 19.2% against 7.85%. Deckers Outdoor Corporation has the higher net margin (18.4% vs 14.7%) and the higher return on invested capital (112.0% vs 8.63%). Across the 20 metrics below, Deckers Outdoor Corporation leads on 15 and Birkenstock Holding PLC on 5.

Valuation

Metric BIRK DECK Footwear & Accessories median
P/E 15.27 11.47 15.55
P/S 2.24 2.03 1.12
P/B 1.81 4.87 3.17
Price to free cash flow 18.09 10.23 12.19
EV/EBITDA 9.29 7.24 9.58
EV/Sales 2.76 1.74 1.20
Earnings yield 6.55% 8.72% 6.31%
Free cash flow yield 5.53% 9.77% 5.10%

Profitability

Metric BIRK DECK Footwear & Accessories median
Gross margin 56.84% 57.80% 49.08%
Operating margin 24.25% 22.67% 8.69%
Net margin 14.74% 18.36% 5.72%
Free cash flow margin 12.39% 20.22% 8.58%
Return on equity 12.45% 42.56% 13.13%
Return on assets 6.40% 26.33% 6.28%
Return on invested capital 8.63% 112.01% 10.98%

Growth

Metric BIRK DECK Footwear & Accessories median
Revenue growth (TTM) 19.21% 7.85% (0.32%)
EPS growth (last fiscal year) 85.59% 10.90% 12.95%
Revenue growth, 5-year CAGR — 16.54% 9.43%
Net income growth, 5-year CAGR — 21.77% 0.00%

Health

Metric BIRK DECK Footwear & Accessories median
Debt to equity 0.67 0.00 0.49
Current ratio 3.78 2.75 2.26
Net debt to EBITDA 1.46 (1.42) 0.38

Dividend

Metric BIRK DECK Footwear & Accessories median
Dividend yield — — 1.95%
Payout ratio — — 0.37

Size

Metric BIRK DECK Footwear & Accessories median
Market cap 5.99b 11.61b 1.10b

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