| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| DECK | SKX | FOSL | RL | SHOO | | CROX | |
| NYSE:DECK | NYSE:SKX | NasdaqGS:FOSL | NYSE:RL | NasdaqGS:SHOO | | NasdaqGS:CROX | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 16.2% | 11.3% | -12.4% | 1.0% | 5.0% | | 27.2% | |
| 3Y CAGR | 19.0% | 12.4% | -15.1% | 14.6% | 7.0% | | 21.0% | |
| Latest Twelve Months | 19.5% | 12.1% | -18.9% | 5.2% | 15.2% | | 3.5% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 19.5% | 8.0% | -0.9% | 9.8% | 10.5% | | 23.7% | |
| Prior Fiscal Year | 18.1% | 9.8% | -6.5% | 9.0% | 11.4% | | 26.4% | |
| Latest Fiscal Year | 21.8% | 10.1% | -3.0% | 12.0% | 11.1% | | 25.5% | |
| Latest Twelve Months | 23.5% | 10.1% | -3.0% | 12.9% | 11.1% | | 25.5% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.04x | 1.08x | 0.21x | 2.04x | 0.83x | | 1.82x | |
| EV / LTM EBIT | 12.9x | 10.7x | -7.0x | 15.9x | 7.5x | | 7.1x | |
| Price / LTM Sales | 3.45x | 0.95x | 0.05x | 1.96x | 0.84x | | 1.45x | |
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| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.21x | 1.08x | 3.04x | | | | | |
| Historical EV / LTM Revenue | 1.82x | 2.96x | 3.74x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.95x | 2.05x | 2.16x | | | | | |
| (x) LTM Revenue | 4,102 | 4,102 | 4,102 | | | | | |
| (=) Implied Enterprise Value | 8,005 | 8,426 | 8,847 | | | | | |
| (-) Non-shareholder Claims * | (1,521) | (1,521) | (1,521) | | | | | |
| (=) Equity Value | 6,484 | 6,905 | 7,326 | | | | | |
| (/) Shares Outstanding | 56.1 | 56.1 | 56.1 | | | | | |
| Implied Value Range | 115.67 | 123.18 | 130.70 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 115.67 | 123.18 | 130.70 | | 106.20 | | | |
| Upside / (Downside) | 8.9% | 16.0% | 23.1% | | | | | |