Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
EV to EBITDA Ratio, Current
EV to EBITDA Ratio, Historical

Deckers Outdoor Corp., EBITDA calculation

US$ in thousands

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)
Add: Income tax expense	149,260)	112,689)	118,939)	64,724)	64,626)	106,302)
Earnings before tax (EBT)	666,082)	564,638)	501,514)	340,866)	328,934)	220,696)
Add: Interest expense	3,442)	2,083)	6,028)	5,046)	4,661)	4,585)
Earnings before interest and tax (EBIT)	669,524)	566,721)	507,542)	345,912)	333,595)	225,281)
Add: Depreciation, amortization, and accretion	47,858)	42,878)	40,530)	38,912)	44,941)	48,572)
Earnings before interest, tax, depreciation and amortization (EBITDA)	717,382)	609,599)	548,072)	384,824)	378,536)	273,853)

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).

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Item	Description	The company
EBITDA	To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.	Deckers Outdoor Corp. EBITDA increased from 2021 to 2022 and from 2022 to 2023.

Deckers Outdoor Corp., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in thousands)
Enterprise value (EV)	20,872,384)
Earnings before interest, tax, depreciation and amortization (EBITDA)	717,382)
Valuation Ratio
EV/EBITDA	29.10
Benchmarks
EV/EBITDA, Competitors¹
lululemon athletica inc.	15.89
Nike Inc.	18.31
EV/EBITDA, Sector
Consumer Durables & Apparel	19.64
EV/EBITDA, Industry
Consumer Discretionary	17.99

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

¹ Click competitor name to see calculations.

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

Deckers Outdoor Corp., historical EV/EBITDA calculation, comparison to benchmarks

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Selected Financial Data (US$ in thousands)
Enterprise value (EV)¹	11,187,242)	6,439,297)	8,240,239)	4,864,321)	3,863,528)	2,951,371)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	717,382)	609,599)	548,072)	384,824)	378,536)	273,853)
Valuation Ratio
EV/EBITDA³	15.59	10.56	15.03	12.64	10.21	10.78
Benchmarks
EV/EBITDA, Competitors⁴
lululemon athletica inc.	24.36	27.43	39.99	23.64	21.89	—
Nike Inc.	22.14	22.02	32.06	37.14	23.83	23.37
EV/EBITDA, Sector
Consumer Durables & Apparel	22.55	22.92	32.97	34.40	23.58	—
EV/EBITDA, Industry
Consumer Discretionary	17.81	20.07	22.01	30.96	17.37	—

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 See details »

² See details »

³ 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 11,187,242 ÷ 717,382 = 15.59

⁴ Click competitor name to see calculations.

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Valuation ratio	Description	The company
EV/EBITDA	Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock.	Deckers Outdoor Corp. EV/EBITDA ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Deckers Outdoor Corp. (NYSE:DECK)

Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Enterprise Value to EBITDA Ratio, Current

Enterprise Value to EBITDA Ratio, Historical