Financials Nike, Inc.

Equities

NKE

US6541061031

Footwear

Market Closed - Nyse 04:00:01 2024-02-26 pm EST After market 05:05:00 pm
104.5 USD -1.03% Intraday chart for Nike, Inc. 103.8 -0.75%

Valuation

Fiscal Period: May 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 121,245 153,295 215,602 187,042 161,783 160,042 - -
Enterprise Value (EV) 1 120,061 154,610 211,541 183,475 160,041 158,890 160,256 161,016
P/E ratio 31 x 61.6 x 38.3 x 31.7 x 32.6 x 29.5 x 25 x 21.7 x
Yield 1.11% 0.97% 0.78% 1% 1.26% 1.34% 1.46% 1.57%
Capitalization / Revenue 3.1 x 4.1 x 4.84 x 4 x 3.16 x 3.09 x 2.91 x 2.7 x
EV / Revenue 3.07 x 4.13 x 4.75 x 3.93 x 3.12 x 3.07 x 2.91 x 2.72 x
EV / EBITDA 21.9 x 36.5 x 27.5 x 24.8 x 23.6 x 22.1 x 19 x 16.9 x
EV / FCF 25.1 x 111 x 35.5 x 41.4 x 32.8 x 29.7 x 29.9 x 27.8 x
FCF Yield 3.98% 0.9% 2.82% 2.41% 3.04% 3.36% 3.35% 3.59%
Price to Book 13.8 x 19.5 x 16.9 x 12.3 x 11.5 x 12.3 x 12.1 x 10.7 x
Nbr of stocks (in thousands) 1,571,750 1,555,035 1,579,967 1,573,767 1,536,989 1,515,122 - -
Reference price 2 77.14 98.58 136.5 118.8 105.3 105.6 105.6 105.6
Announcement Date 6/27/19 6/25/20 6/24/21 6/27/22 6/29/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: May 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 39,117 37,403 44,538 46,710 51,217 51,815 55,090 59,212
EBITDA 1 5,477 4,234 7,681 7,392 6,774 7,192 8,440 9,549
EBIT 1 4,772 3,115 6,937 6,675 5,915 6,378 7,571 8,635
Operating Margin 12.2% 8.33% 15.58% 14.29% 11.55% 12.31% 13.74% 14.58%
Earnings before Tax (EBT) 1 4,801 2,887 6,661 6,651 6,201 6,557 7,686 8,783
Net income 1 4,029 2,539 5,727 6,046 5,070 5,470 6,345 7,179
Net margin 10.3% 6.79% 12.86% 12.94% 9.9% 10.56% 11.52% 12.12%
EPS 2 2.490 1.600 3.560 3.750 3.230 3.580 4.221 4.862
Free Cash Flow 1 4,784 1,399 5,962 4,430 4,872 5,345 5,362 5,787
FCF margin 12.23% 3.74% 13.39% 9.48% 9.51% 10.32% 9.73% 9.77%
FCF Conversion (EBITDA) 87.35% 33.04% 77.62% 59.93% 71.92% 74.32% 63.53% 60.6%
FCF Conversion (Net income) 118.74% 55.1% 104.1% 73.27% 96.09% 97.71% 84.5% 80.6%
Dividend per Share 2 0.8600 0.9550 1.070 1.190 1.325 1.420 1.543 1.663
Announcement Date 6/27/19 6/25/20 6/24/21 6/27/22 6/29/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: May 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
Net sales 1 12,248 11,357 10,871 12,234 12,687 13,315 12,390 12,825 12,939 13,388 12,294 13,130 13,526 14,198 13,057
EBITDA 1 2,301 1,638 1,812 1,647 1,864 1,760 1,586 1,457 1,790 2,023 1,446 1,834 2,075 2,320 1,906
EBIT 1 2,124 1,454 1,629 1,468 1,695 1,587 1,412 1,221 1,604 1,825 1,300 1,595 1,886 2,139 1,660
Operating Margin 17.34% 12.8% 14.98% 12% 13.36% 11.92% 11.4% 9.52% 12.4% 13.63% 10.57% 12.15% 13.95% 15.07% 12.71%
Earnings before Tax (EBT) 1 2,106 1,501 1,670 1,374 1,828 1,650 1,477 1,246 1,648 1,922 1,357 1,635 1,938 2,142 1,683
Net income 1 1,874 1,337 1,396 1,439 1,468 1,331 1,240 1,031 1,450 1,578 1,075 1,336 1,595 1,768 1,391
Net margin 15.3% 11.77% 12.84% 11.76% 11.57% 10% 10.01% 8.04% 11.21% 11.79% 8.74% 10.18% 11.79% 12.46% 10.66%
EPS 2 1.160 0.8300 0.8700 0.9000 0.9300 0.8500 0.7900 0.6600 0.9400 1.030 0.7195 0.8850 1.058 1.182 0.9512
Dividend per Share 2 0.2750 0.3050 0.3050 0.3050 0.3050 0.3400 0.3400 0.3400 0.3400 0.3700 0.3671 0.3659 0.3786 0.3786 0.3819
Announcement Date 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 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: May 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 1,315 - - - - 213 974
Net Cash position 1 1,184 - 4,061 3,567 1,742 1,152 - -
Leverage (Debt/EBITDA) - 0.3106 x - - - - 0.0253 x 0.102 x
Free Cash Flow 1 4,784 1,399 5,962 4,430 4,872 5,345 5,362 5,787
ROE (net income / shareholders' equity) 42.7% 29.7% 55% 43.1% 34.6% 39.8% 46.6% 50.2%
ROA (Net income/ Total Assets) 17.4% 9.22% 16.6% 15.5% 13% 14.6% 17.2% 19.1%
Assets 1 23,126 27,530 34,541 39,006 38,926 37,471 36,877 37,492
Book Value Per Share 2 5.590 5.060 8.090 9.680 9.140 8.590 8.760 9.880
Cash Flow per Share 2 3.650 1.560 4.140 3.220 3.720 4.340 4.670 5.300
Capex 1 1,119 1,086 695 758 969 1,216 1,311 1,411
Capex / Sales 2.86% 2.9% 1.56% 1.62% 1.89% 2.35% 2.38% 2.38%
Announcement Date 6/27/19 6/25/20 6/24/21 6/27/22 6/29/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
40
Last Close Price
105.6 USD
Average target price
122.6 USD
Spread / Average Target
+16.02%
Consensus
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