Financials Nike, Inc.

Equities

NKE

US6541061031

Footwear

Market Closed - Nyse Other stock markets 04:00:02 2024-12-04 pm EST			5-day change	1st Jan Change
78.37 ^USD	-0.62%		+0.04%	-27.82%

07:03pm	Foot Locker to emphasize newer Nike styles at stores amid soft demand for its shoes	RE
04:15pm	Foot Locker Is Doing All the Right Things, Stichter Says	MT

Projected Income Statement: Nike, Inc.

income-statement-evolution-chart NIKE-INC

Fiscal Period: May	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	37,403	44,538	46,710	51,217	51,362	47,530	49,743	52,609
Change	-	19.08%	4.88%	9.65%	0.28%	-7.46%	4.66%	5.76%
EBITDA ¹	4,234	7,681	7,392	6,774	7,107	5,636	6,428	7,111
Change	-	81.41%	-3.76%	-8.36%	4.92%	-20.7%	14.06%	10.62%
EBIT ¹	3,115	6,937	6,675	5,915	6,311	4,827	5,573	6,375
Change	-	122.7%	-3.78%	-11.39%	6.69%	-23.51%	15.44%	14.4%
Interest Paid ¹	-89	-262	-205	6	161	-146.2	-132.8	-118.7
Earnings before Tax (EBT) ¹	2,887	6,661	6,651	6,201	6,700	4,984	5,732	6,289
Change	-	130.72%	-0.15%	-6.77%	8.05%	-25.61%	15%	9.71%
Net income ¹	2,539	5,727	6,046	5,070	5,700	4,106	4,740	5,401
Change	-	125.56%	5.57%	-16.14%	12.43%	-27.96%	15.43%	13.95%
Announcement Date	6/25/20	6/24/21	6/27/22	6/29/23	6/27/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: Maj	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	10,326	10,104	6,313	10,594	11,243	10,357	12,344	12,248	11,357	10,871	12,234	12,687	13,315	12,390	12,825	12,939	13,388	12,429	12,606	11,589	12,189	11,636	12,060	12,024	12,700	12,219	12,574	12,749
Change	-	-2.15%	-37.52%	67.81%	6.13%	-7.88%	19.19%	-0.78%	-7.27%	-4.28%	12.54%	3.7%	4.95%	-6.95%	3.51%	0.89%	3.47%	-7.16%	1.42%	-8.07%	5.18%	-4.54%	3.65%	-0.3%	5.62%	-3.78%	2.9%	1.39%
EBITDA ¹	1,394	1,360	-615	1,942	1,765	1,860	2,114	2,301	1,638	1,812	1,647	1,864	1,760	1,586	1,457	1,790	2,023	1,543	1,753	1,397	1,318	1,325	1,475	1,607	1,559	1,543	1,651	-
Change	-	-2.44%	-	-	-9.11%	5.38%	13.66%	8.85%	-28.81%	10.62%	-9.11%	13.18%	-5.58%	-9.89%	-8.13%	22.86%	13.02%	-23.73%	13.61%	-20.31%	-5.64%	0.5%	11.35%	8.92%	-2.98%	-1.01%	6.99%	-100%
EBIT ¹	1,220	1,190	-838	1,766	1,580	1,678	1,913	2,124	1,454	1,629	1,468	1,695	1,587	1,412	1,221	1,604	1,825	1,336	1,546	1,209	1,132	1,151	1,250	1,343	1,336	1,243	1,368	-
Change	-	-2.46%	-	-	-10.53%	6.2%	14%	11.03%	-31.54%	12.04%	-9.88%	15.46%	-6.37%	-11.03%	-13.53%	31.37%	13.78%	-26.79%	15.72%	-21.8%	-6.33%	1.64%	8.64%	7.4%	-0.54%	-6.94%	10.06%	-100%
Charge d'intérêts ¹	-12	-12	-50	-65	-70	-64	-63	-57	-55	-53	-40	-13	-16	7	28	34	22	-	53	-43	-38.33	-35.25	-35.25	-37.5	-37.5	-37.5	-37.5	-
Earnings before Tax (EBT) ¹	1,249	881	-804	1,715	1,456	1,636	1,854	2,106	1,501	1,670	1,374	1,828	1,650	1,477	1,246	1,648	1,922	1,404	1,726	1,307	1,169	1,155	1,279	1,396	1,378	1,277	1,422	-
Change	-	-29.46%	-	-	-15.1%	12.36%	13.33%	13.59%	-28.73%	11.26%	-17.72%	33.04%	-9.74%	-10.48%	-15.64%	32.26%	16.63%	-26.95%	22.93%	-24.28%	-10.59%	-1.19%	10.76%	9.16%	-1.28%	-7.31%	11.29%	-100%
Net income ¹	1,115	847	-790	1,518	1,251	1,449	1,509	1,874	1,337	1,396	1,439	1,468	1,331	1,240	1,031	1,450	1,578	1,172	1,500	1,051	959.8	955	1,046	1,145	1,132	1,056	1,157	-
Change	-	-24.04%	-	-	-17.59%	15.83%	4.14%	24.19%	-28.66%	4.41%	3.08%	2.02%	-9.33%	-6.84%	-16.85%	40.64%	8.83%	-25.73%	27.99%	-29.93%	-8.68%	-0.49%	9.5%	9.51%	-1.12%	-6.76%	9.59%	-100%
Announcement Date	12/19/19	3/24/20	6/25/20	9/22/20	12/18/20	3/18/21	6/24/21	9/23/21	12/20/21	3/21/22	6/27/22	9/29/22	12/20/22	3/21/23	6/29/23	9/28/23	12/21/23	3/21/24	6/27/24	10/1/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Nike, Inc.

Fiscal Period: Maj	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,315	-4,061	-3,567	-1,742	-2,673	1,719	2,449	4,625
Change	-	-408.82%	-187.84%	-148.84%	-253.44%	-35.69%	42.47%	88.85%
Announcement Date	6/25/20	6/24/21	6/27/22	6/29/23	6/27/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Nike, Inc.

Fiscal Period: Maj	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,086	695	758	969	812	1,064	1,181	1,263
Change	-	-36%	9.06%	27.84%	-16.2%	31.03%	10.99%	6.92%
Free Cash Flow (FCF) ¹	1,399	5,962	4,430	4,872	6,617	3,583	4,458	5,032
Change	-	326.16%	-25.7%	9.98%	35.82%	-45.86%	24.44%	12.88%
Announcement Date	6/25/20	6/24/21	6/27/22	6/29/23	6/27/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Nike, Inc.

Fiscal Period: Maj	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	11.32%	17.25%	15.83%	13.23%	13.84%	11.86%	12.92%	13.52%
EBIT Margin (%)	8.33%	15.58%	14.29%	11.55%	12.29%	10.16%	11.2%	12.12%
EBT Margin (%)	7.72%	14.96%	14.24%	12.11%	13.04%	10.49%	11.52%	11.95%
Net margin (%)	6.79%	12.86%	12.94%	9.9%	11.1%	8.64%	9.53%	10.27%
FCF margin (%)	3.74%	13.39%	9.48%	9.51%	12.88%	7.54%	8.96%	9.56%
FCF / Net Income (%)	55.1%	104.1%	73.27%	96.09%	116.09%	87.25%	94.06%	93.17%
Profitability
ROA	9.22%	16.58%	15.5%	13.02%	15.07%	10.95%	13.16%	15.31%
ROE	29.7%	55.01%	43.11%	34.63%	40.09%	28.22%	32.02%	39.76%
Financial Health
Leverage (Debt/EBITDA)	0.31x	-	-	-	-	0.31x	0.38x	0.65x
Debt / Free cash flow	0.94x	-	-	-	-	0.48x	0.55x	0.92x
Capital Intensity
CAPEX / Current Assets (%)	2.9%	1.56%	1.62%	1.89%	1.58%	2.24%	2.37%	2.4%
CAPEX / EBITDA (%)	25.65%	9.05%	10.25%	14.3%	11.43%	18.88%	18.37%	17.76%
CAPEX / FCF (%)	77.63%	11.66%	17.11%	19.89%	12.27%	29.7%	26.49%	25.09%
Items per share
Cash flow per share ¹	1.561	4.14	3.221	3.721	4.856	3.236	3.744	4.012
Change	-	165.21%	-22.2%	15.52%	30.52%	-33.37%	15.72%	7.16%
Dividend per Share ¹	0.955	1.07	1.19	1.325	1.45	1.506	1.581	1.646
Change	-	12.04%	11.21%	11.34%	9.43%	3.83%	4.99%	4.15%
Book Value Per Share ¹	5.061	8.09	9.679	9.141	9.433	8.572	8.359	7.546
Change	-	59.85%	19.64%	-5.56%	3.2%	-9.13%	-2.48%	-9.72%
EPS ¹	1.6	3.56	3.75	3.23	3.73	2.781	3.211	3.722
Change	-	122.5%	5.34%	-13.87%	15.48%	-25.44%	15.46%	15.91%
Nbr of stocks (in thousands)	1,555,035	1,579,967	1,573,767	1,536,989	1,509,359	1,488,496	1,488,496	1,488,496
Announcement Date	6/25/20	6/24/21	6/27/22	6/29/23	6/27/24	-	-	-