USD Investments Course
Fall 2025
I analyzed Deckers Outdoor Corporation through a full financial lens, creating valuation models and reviewing industry, competitive, and operational drivers. The project concluded with a data-driven investment recommendation supported by forecasting and risk analysis.
01
Deckers Financial Model
I built a full financial model in Excel, including revenue forecasting, margin projections, free cash flow analysis, and a complete DCF valuation using WACC and sensitivity testing. The model also incorporated relative valuation comps, scenario analysis, and long-term growth assumptions.
02
Written Report
I developed a comprehensive equity research report analyzing Deckers’ business model, industry landscape, competitive position, valuation, financial performance, and investment risks. The report synthesized quantitative modeling with qualitative insights to support a clear investment recommendation.
03
Presentation
I created a professional investor-style presentation summarizing my analysis through visuals, charts, valuation outputs, and strategic commentary. The deck translated my research into a clear narrative designed for an 8-minute pitch-style presentation.
04
Key Takeaways
Key takeaways included the strength of HOKA’s growth engine, Deckers’ margin expansion drivers, and the company’s resilience despite tariff headwinds. Overall, the project demonstrated how integrating financial modeling, competitive analysis, and strategic framing leads to a well-supported investment recommendation.
