Deckers Outdoor Corporation (DECK) vs Wolverine World Wide, Inc. (WWW)

Deckers Outdoor Corporation and Wolverine World Wide, Inc. are both Footwear & Accessories companies. Deckers Outdoor Corporation is the larger, with a market value of $10.7B against $1.6B — 6.8× the size. Deckers Outdoor Corporation trades at the lower P/E: 11.1× against 14.8×. Deckers Outdoor Corporation grew revenue faster over the last twelve months: 7.85% against 7.16%. Deckers Outdoor Corporation has the higher net margin (18.4% vs 5.55%) and the higher return on invested capital (112.0% vs 12.4%). Across the 22 metrics below, Deckers Outdoor Corporation leads on 16 and Wolverine World Wide, Inc. on 6.

Valuation

Metric DECK WWW Footwear & Accessories median
P/E 11.14 14.78 15.26
P/S 1.97 0.80 1.16
P/B 4.73 3.34 2.59
Price to free cash flow 9.94 3.58 12.20
EV/EBITDA 7.13 10.14 8.91
EV/Sales 1.71 1.01 1.24
Earnings yield 8.97% 6.76% 6.11%
Free cash flow yield 10.06% 27.94% 4.85%

Profitability

Metric DECK WWW Footwear & Accessories median
Gross margin 57.80% 47.12% 49.76%
Operating margin 22.67% 8.69% 8.44%
Net margin 18.36% 5.55% 5.64%
Free cash flow margin 20.22% 8.97% 8.18%
Return on equity 42.56% 26.03% 12.45%
Return on assets 26.33% 6.15% 6.15%
Return on invested capital 112.01% 12.38% 9.58%

Growth

Metric DECK WWW Footwear & Accessories median
Revenue growth (TTM) 7.85% 7.16% 3.68%
EPS growth (last fiscal year) 10.90% 96.55% —
Revenue growth, 5-year CAGR 16.54% 0.91% 7.17%
Net income growth, 5-year CAGR 21.77% 0.00% 0.00%

Health

Metric DECK WWW Footwear & Accessories median
Debt to equity 0.00 1.17 0.46
Current ratio 2.75 1.55 1.96
Net debt to EBITDA (1.42) 1.93 1.00

Dividend

Metric DECK WWW Footwear & Accessories median
Dividend yield — 4.72% 2.20%
Payout ratio 0.00 0.21 0.00

Size

Metric DECK WWW Footwear & Accessories median
Market cap 10.69b 1.58b 614.40m

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