Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Deckers Brands delivered a robust performance in its third quarter of fiscal 2025, signaling both high levels of growth and notable profitability.</li><li>The company's revenue increased by 17% compared to the previous year, reaching $1.83 billion, with significant contributions from the UGG and HOKA brands.</li><li>The gross margins improved to 60.3%, and diluted earnings per share rose by 19% to $3.</li></ul>

Deckers Brands delivered a robust performance in its third quarter of fiscal 2025, signaling both high levels of growth and notable profitability.The company's revenue increased by 17% compared to the previous year, reaching $1.83 billion, with significant contributions from the UGG and HOKA brands.The gross margins improved to 60.3%, and diluted earnings per share rose by 19% to $3.

Deckers Outdoor: Ugg’s Profit Machine and Hoka’s Expansion—What Investors Need to Know!

<ul><li>Deckers Brands experienced a robust fiscal second quarter of 2025 under the leadership of newly appointed CEO, Stefano Caroti.</li><li>The company continues to uphold its long-standing strategy while integrating four core principles to drive future growth: consumer-first mindset, brandless philosophy, innovation forward, and a globally driven approach.</li><li>These principles have significantly contributed to Deckers Brands' performance, positioning it for sustained success in the long term.</li></ul>

Deckers Brands experienced a robust fiscal second quarter of 2025 under the leadership of newly appointed CEO, Stefano Caroti.The company continues to uphold its long-standing strategy while integrating four core principles to drive future growth: consumer-first mindset, brandless philosophy, innovation forward, and a globally driven approach.These principles have significantly contributed to Deckers Brands' performance, positioning it for sustained success in the long term.

Deckers Brands' Bold Global Expansion: How Innovation & Sustainability Drive Market Leadership! - Major Drivers

<ul><li>Deckers Brands delivered a commendable performance in the first quarter of fiscal 2025, with a commendable revenue growth of 22% reaching $825 million.</li><li>This surge in revenue is significantly supported by the enhanced gross margin, which impressively improved to 56.9%, accompanied by a robust 87% increase in diluted earnings per share to $4.52, compared to the same period last year.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Deckers Brands delivered a commendable performance in the first quarter of fiscal 2025, with a commendable revenue growth of 22% reaching $825 million.This surge in revenue is significantly supported by the enhanced gross margin, which impressively improved to 56.9%, accompanied by a robust 87% increase in diluted earnings per share to $4.52, compared to the same period last year.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Deckers Outdoor Corporation: What Are Its Latest Brand and Market Expansion Strategies? - Major Drivers

<ul><li>In the fourth quarter fiscal of 2024, Deckers Brands achieved record revenue growth of 18% compared to the previous year, almost reaching $4.3 billion of annual revenue.</li><li>Gross margin increased by a considerable 530 basis points from last year to 55.6%, and earnings per share rose by 51% to $29.16.</li><li>These results reflect Deckers' successful long-term strategies and the hard work of its employees.</li></ul>

In the fourth quarter fiscal of 2024, Deckers Brands achieved record revenue growth of 18% compared to the previous year, almost reaching $4.3 billion of annual revenue.Gross margin increased by a considerable 530 basis points from last year to 55.6%, and earnings per share rose by 51% to $29.16.These results reflect Deckers' successful long-term strategies and the hard work of its employees.

Deckers Outdoor Corporation: These Are The 5 Fundamental Factors Driving Its Performance! - Financial Forecasts

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

<ul>
<li>On Friday after the close, the S&amp;P DJI Index Committee announced changes to the S&amp;P 100, S&amp;P500, S&amp;P MidCap400, and S&amp;P SmallCap600. Changes happen at the close 15 March 2024.</li>
<li>
<a href="https://www.smartkarma.com/entities/super-micro-computer-inc" target="_blank" data-smartkarma-citation="entities:7921:1" rel="noopener">Super Micro Computer (SMCI US)</a> and <a href="https://www.smartkarma.com/entities/deckers-outdoor-corp" target="_blank" data-smartkarma-citation="entities:3028:1" rel="noopener">Deckers Outdoor (DECK US)</a> replace <a href="https://www.smartkarma.com/entities/zions-bancorporation" target="_blank" data-smartkarma-citation="entities:9490:1" rel="noopener">Zions Bancorporation (ZION US)</a> and <a href="https://www.smartkarma.com/entities/whirlpool-corp" target="_blank" data-smartkarma-citation="entities:1538:1" rel="noopener">Whirlpool Corp (WHR US)</a> in the S&amp;P500. 2 changes to 400, 6 to 600.</li>
<li>The immediate reaction was to send SMCI up 12.5%. That's shortsighted. It pays to count the pennies involved. There are a LOT of pennies.</li>
</ul>


On Friday after the close, the S&amp;P DJI Index Committee announced changes to the S&amp;P 100, S&amp;P500, S&amp;P MidCap400, and S&amp;P SmallCap600. Changes happen at the close 15 March 2024.

Super Micro Computer (SMCI US) and Deckers Outdoor (DECK US) replace Zions Bancorporation (ZION US) and Whirlpool Corp (WHR US) in the S&amp;P500. 2 changes to 400, 6 to 600.
The immediate reaction was to send SMCI up 12.5%. That's shortsighted. It pays to count the pennies involved. There are a LOT of pennies.


S&P 500/400/600 Index Rebal - It's Not The Trade You Think

United States

Deckers Outdoor Corporation designs and markets footwear and accessories.  The Company offers footwear for men, women and children. Deckers sells its products including accessories such as handbags, headwear, and outerwear, through domestic retailers and international distributors and directly to end-user consumers, through call centers, retail concept stores and retail outlet stores.

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Deckers Outdoor (DECK US)

Deckers Outdoor: Ugg’s Profit Machine and Hoka’s Expansion—What Investors Need to Know!

Deckers Brands delivered a robust performance in its third quarter of fiscal 2025, signaling both high levels of growth and notable...

Baptista Research

Deckers Brands' Bold Global Expansion: How Innovation & Sustainability Drive Market Leadership! - Major Drivers

Deckers Brands experienced a robust fiscal second quarter of 2025 under the leadership of newly appointed CEO, Stefano Caroti. The company...

Baptista Research

Deckers Outdoor Corporation: What Are Its Latest Brand and Market Expansion Strategies? - Major Drivers

Deckers Brands delivered a commendable performance in the first quarter of fiscal 2025, with a commendable revenue growth of 22% reaching $825...

Baptista Research

Deckers Outdoor Corporation: These Are The 5 Fundamental Factors Driving Its Performance! - Financial Forecasts

In the fourth quarter fiscal of 2024, Deckers Brands achieved record revenue growth of 18% compared to the previous year, almost reaching $4.3...

Baptista Research

S&P 500/400/600 Index Rebal - It's Not The Trade You Think

The S&P DJI Index Committee announced the March index rebals. Everybody is looking at SMCI because it has run hard til now. That's missing the...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Deckers Outdoor: Ugg’s Profit Machine and Hoka’s Expansion—What Investors Need to Know!

Deckers Brands delivered a robust performance in its third quarter of fiscal 2025, signaling both high levels of growth and notable...

Baptista Research

Deckers Brands' Bold Global Expansion: How Innovation & Sustainability Drive Market Leadership! - Major Drivers

Deckers Brands experienced a robust fiscal second quarter of 2025 under the leadership of newly appointed CEO, Stefano Caroti. The company...

Baptista Research

Deckers Outdoor Corporation: What Are Its Latest Brand and Market Expansion Strategies? - Major Drivers

Deckers Brands delivered a commendable performance in the first quarter of fiscal 2025, with a commendable revenue growth of 22% reaching $825...

Baptista Research

Deckers Outdoor Corporation: These Are The 5 Fundamental Factors Driving Its Performance! - Financial Forecasts

In the fourth quarter fiscal of 2024, Deckers Brands achieved record revenue growth of 18% compared to the previous year, almost reaching $4.3...

Baptista Research

S&P 500/400/600 Index Rebal - It's Not The Trade You Think

​The S&P DJI Index Committee announced the March index rebals. Everybody is looking at SMCI because it has run hard til now. That's missing the...

Travis Lundy

The S&P DJI Index Committee announced the March index rebals. Everybody is looking at SMCI because it has run hard til now. That's missing the...