company background image
NKE

NIKE NYSE:NKE Stock Report

Last Price

US$85.40

Market Cap

US$134.0b

7D

-11.1%

1Y

-42.0%

Updated

03 Oct, 2022

Data

Company Financials +
NKE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance3/6
Financial Health5/6
Dividends4/6

NKE Stock Overview

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories worldwide.

NIKE Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NIKE
Historical stock prices
Current Share PriceUS$85.40
52 Week HighUS$179.10
52 Week LowUS$82.22
Beta1.03
1 Month Change-19.24%
3 Month Change-18.14%
1 Year Change-41.96%
3 Year Change-8.34%
5 Year Change65.76%
Change since IPO9,616.63%

Recent News & Updates

Sep 29

Nike GAAP EPS of $0.93 beats by $0.01, revenue of $12.69B beats by $410M

Nike press release (NYSE:NKE): FQ1 GAAP EPS of $0.93 beats by $0.01. Revenue of $12.69B (+3.6% Y/Y) beats by $410M. NIKE Direct sales were $5.1 billion, up 8 percent on a reported basis and up 14 percent on a currency-neutral basis NIKE Brand Digital sales increased 16 percent on a reported basis, or 23 percent on a currency-neutral basis, led by 46 percent growth in EMEA Gross margin decreased 220 basis points to 44.3 percent Cash and equivalents and short-term investments were $11.9 billion, down approximately $1.8 billion from last year, as free cash flow was offset by share repurchases and cash dividends Inventories for NIKE, Inc. were $9.7 billion, up 44 percent compared to the prior year period, driven by elevated in-transit inventories from ongoing supply chain volatility, partially offset by strong consumer demand during the quarter. Dividends of $480 million, up 11 percent from the prior year. Share repurchases of $1.0 billion, reflecting 9.0 million retired shares. “Our focus continues to be the consumer, as we take action to navigate near-term dynamics while expanding long-term structural benefits through our Consumer Direct Acceleration strategy.”  said said Matthew Friend, Executive Vice President and CFO. Shares -1.17%.

Sep 23

Earnings week ahead: Micron, Nike, Bed Bath & Beyond, CarMax and more

For the final week of September, a number of high-profile earnings reports are expected. Quarterly results are slated from a wide variety of players across the semiconductor, packaged food, restaurant, retail and leisure industries.  Nike (NYSE:NKE) and Micron (NASDAQ:MU) will headline the week, which will also include updates from the likes of restaurant chain Cracker Barrel Old Country Store (CBRL), RV manufacturer Thor Industries (THO) and HR solutions provider Paychex Corporation (PAYX). Carmax (KMX), Bed Bath & Beyond (BBBY) and Rite Aid (RAD) are also on the itinerary.  Below is a curated list of earnings results to come in the week of September 26 to September 30: Monday, September 26 Earnings are expected from Pluri Inc. (PLUR), Kintara Therapeutics (KTRA), and BeyondSpring (BYSI), per Seeking Alpha earnings calendar forecasts. However, these events have yet to be confirmed by the companies themselves. Tuesday, September 27 Cracker Barrel (CBRL) Cracker Barrel (CBRL) is due to report its fiscal fourth quarter results on Tuesday, with the announcement slated to take place prior to the market open. The Tennessee-based restaurant and gift store chain has staged a stark rally since mid-summer, rising nearly 30% from its 52-week low in June. Still, even with the recent upswing, shares remain about 21% lower than where they ended 2021.  Ahead of the fourth quarter report, Deutsche Bank told clients that the chain’s older clientele is a negative with both inflation and pandemic concerns keeping the demographic away from booths and tables. Quarterly EPS and revenue estimates have each been revised down 3 times each, according to Seeking Alpha data. Consensus EPS Estimates: $1.39 Consensus Revenue Estimates: $838.28M Earnings Insight: Cracker Barrel has beaten EPS estimates in 4 of the past 8 quarters, rising above revenue expectations in 5 of those reports. Cal-Maine Foods (CALM) After the bell on Tuesday, Cal-Maine Foods (CALM) is due to give investors an update on its fiscal first quarter. The stock has been a significant outperformer in 2022, rising more than 60% year to date against significant declines in the major equity indices.  The Mississippi-based egg distributor posted record net income in its last earnings report, citing strong pricing power amid unprecedented inflation. Ahead of the results, Wall Street analysts remain divided. The stock has its advocates as a strong defensive play, but analyst Evin Rohrbaugh calls the stock “highly overvalued.” Consensus EPS Estimates: $2.55 Consensus Revenue Estimates: $617.40M Earnings Insight: Cal-Maine Foods has exceeded EPS estimate in 5 of the past 8 quarters, beating revenue expectations in 6 of those reports. Also reporting: Jabil Inc. (JBL), United Natural Foods (UNFI), and Blackberry Limited (BB) Wednesday, September 28 Thor Industries (THO)  Recreational vehicle manufacturer Thor Industries (THO) is due to report earnings prior to Wednesday’s market open. Shares of the Indiana-based company have fallen over 30% in 2022, with analysts growing cautious on consumer spending and realigning to a Hold consensus. While the company crushed earnings expectations in July, sliding RV sales have been reported into the end of the summer by Baird. Consensus EPS Estimates: $3.84 Consensus Revenue Estimates: $3.68B Earnings Insight: Thor industries has exceeded EPS and revenue estimates in 8 straight quarters. Paychex (PAYX) Paychex (PAYX) is due to update investors on its quarterly performance in Wednesday’s premarket hours. Shares of the Rochester, New York-based HR solutions provider have pushed about 7% higher in the past year, outpacing the market. However, the stock has seen a double-digit plunge in the month prior to its earnings announcement.  About two weeks prior to the report, PAYX entered a partnership with Managed Health to offer companies a new healthcare solution. The report will be the final call to feature outgoing CEO Martin Mucci.

Shareholder Returns

NKEUS LuxuryUS Market
7D-11.1%-6.2%1.0%
1Y-42.0%-39.2%-20.0%

Return vs Industry: NKE matched the US Luxury industry which returned -41.3% over the past year.

Return vs Market: NKE underperformed the US Market which returned -23.2% over the past year.

Price Volatility

Is NKE's price volatile compared to industry and market?
NKE volatility
NKE Average Weekly Movement6.1%
Luxury Industry Average Movement6.3%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: NKE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: NKE's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196479,100John Donahoehttps://investors.nike.com

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. In addition, it sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers.

NIKE Fundamentals Summary

How do NIKE's earnings and revenue compare to its market cap?
NKE fundamental statistics
Market CapUS$133.95b
Earnings (TTM)US$5.64b
Revenue (TTM)US$47.15b

23.8x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NKE income statement (TTM)
RevenueUS$47.15b
Cost of RevenueUS$25.75b
Gross ProfitUS$21.40b
Other ExpensesUS$15.76b
EarningsUS$5.64b

Last Reported Earnings

Aug 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.60
Gross Margin45.38%
Net Profit Margin11.96%
Debt/Equity Ratio59.6%

How did NKE perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

34%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is NKE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NKE?

Other financial metrics that can be useful for relative valuation.

NKE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.9x
Enterprise Value/EBITDA18.9x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does NKE's PE Ratio compare to its peers?

NKE PE Ratio vs Peers
The above table shows the PE ratio for NKE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.4x
UAA Under Armour
8.9x3.9%US$3.0b
SKX Skechers U.S.A
7x10.8%US$5.0b
ADS adidas
17.8x17.0%€21.6b
PUM PUMA
19.9x15.5%€7.2b
NKE NIKE
23.8x17.5%US$134.0b

Price-To-Earnings vs Peers: NKE is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the peer average (13.4x).


Price to Earnings Ratio vs Industry

How does NKE's PE Ratio compare vs other companies in the US Luxury Industry?

Price-To-Earnings vs Industry: NKE is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the US Luxury industry average (8.6x)


Price to Earnings Ratio vs Fair Ratio

What is NKE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NKE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.8x
Fair PE Ratio24.9x

Price-To-Earnings vs Fair Ratio: NKE is good value based on its Price-To-Earnings Ratio (23.8x) compared to the estimated Fair Price-To-Earnings Ratio (24.9x).


Share Price vs Fair Value

What is the Fair Price of NKE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NKE ($85.4) is trading below our estimate of fair value ($124.17)

Significantly Below Fair Value: NKE is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is NIKE forecast to perform in the next 1 to 3 years based on estimates from 31 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NKE's forecast earnings growth (17.5% per year) is above the savings rate (1.9%).

Earnings vs Market: NKE's earnings (17.5% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: NKE's earnings are forecast to grow, but not significantly.

Revenue vs Market: NKE's revenue (8.4% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: NKE's revenue (8.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NKE's Return on Equity is forecast to be very high in 3 years time (45%).


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Past Performance

How has NIKE performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NKE has high quality earnings.

Growing Profit Margin: NKE's current net profit margins (12%) are lower than last year (13.2%).


Past Earnings Growth Analysis

Earnings Trend: NKE's earnings have grown by 16.9% per year over the past 5 years.

Accelerating Growth: NKE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NKE had negative earnings growth (-7.3%) over the past year, making it difficult to compare to the Luxury industry average (32.1%).


Return on Equity

High ROE: NKE's Return on Equity (35.6%) is considered high.


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Financial Health

How is NIKE's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NKE's short term assets ($28.9B) exceed its short term liabilities ($10.9B).

Long Term Liabilities: NKE's short term assets ($28.9B) exceed its long term liabilities ($14.3B).


Debt to Equity History and Analysis

Debt Level: NKE has more cash than its total debt.

Reducing Debt: NKE's debt to equity ratio has increased from 31.9% to 59.6% over the past 5 years.

Debt Coverage: NKE's debt is well covered by operating cash flow (55%).

Interest Coverage: NKE's interest payments on its debt are well covered by EBIT (38.8x coverage).


Balance Sheet


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Dividend

What is NIKE current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.43%

Current Dividend Yield

Dividend Yield vs Market

NIKE Dividend Yield vs Market
How does NIKE dividend yield compare to the market?
SegmentDividend Yield
Company (NIKE)1.4%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Luxury)2.2%
Analyst forecast in 3 Years (NIKE)1.6%

Notable Dividend: NKE's dividend (1.43%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: NKE's dividend (1.43%) is low compared to the top 25% of dividend payers in the US market (4.75%).


Stability and Growth of Payments

Stable Dividend: NKE's dividends per share have been stable in the past 10 years.

Growing Dividend: NKE's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.1%), NKE's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (43.2%), NKE's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

John Donahoe (61 yo)

8.33yrs

Tenure

US$28,838,060

Compensation

Mr. John J. Donahoe, II, has been Non-Executive Chairman and Director of PayPal Holdings, Inc. since July 17, 2015. He serves as Vice Chairman of the Advisory Council at Stanford Graduate School of Busines...


CEO Compensation Analysis

John Donahoe's Compensation vs NIKE Earnings
How has John Donahoe's remuneration changed compared to NIKE's earnings?
DateTotal Comp.SalaryCompany Earnings
Aug 31 2022n/an/a

US$6b

May 31 2022US$29mUS$2m

US$6b

Feb 28 2022n/an/a

US$6b

Nov 30 2021n/an/a

US$6b

Aug 31 2021n/an/a

US$6b

May 31 2021US$33mUS$2m

US$6b

Feb 28 2021n/an/a

US$3b

Nov 30 2020n/an/a

US$3b

Aug 31 2020n/an/a

US$3b

May 31 2020US$54mUS$548k

US$3b

Feb 29 2020n/an/a

US$4b

Nov 30 2019n/an/a

US$5b

Aug 31 2019n/an/a

US$4b

May 31 2019US$280kn/a

US$4b

Feb 28 2019n/an/a

US$4b

Nov 30 2018n/an/a

US$2b

Aug 31 2018n/an/a

US$2b

May 31 2018US$260kn/a

US$2b

Feb 28 2018n/an/a

US$2b

Nov 30 2017n/an/a

US$4b

Aug 31 2017n/an/a

US$4b

May 31 2017US$282kn/a

US$4b

Feb 28 2017n/an/a

US$4b

Nov 30 2016n/an/a

US$4b

Aug 31 2016n/an/a

US$4b

May 31 2016US$271kn/a

US$4b

Compensation vs Market: John's total compensation ($USD28.84M) is above average for companies of similar size in the US market ($USD13.04M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NKE's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: NKE's board of directors are considered experienced (6.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of NKE?
Owner TypeNumber of SharesOwnership Percentage
State or Government546,6710.03%
Private Companies664,4920.04%
General Public191,251,75912.2%
Individual Insiders312,040,17819.9%
Institutions1,064,052,80567.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 55.88% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
17.13%
Philip Knight
268,761,966$23.0b0%no data
6.86%
The Vanguard Group, Inc.
107,630,476$9.2b0.57%0.21%
5.73%
BlackRock, Inc.
89,813,493$7.7b-0.78%0.19%
3.48%
State Street Global Advisors, Inc.
54,562,543$4.7b-3.56%0.26%
2.62%
Travis Knight
41,033,272$3.5b0%no data
1.89%
Knight Foundation, Investment Arm
29,586,056$2.5b0%no data
1.77%
AllianceBernstein L.P.
27,817,479$2.4b2.97%0.98%
1.69%
Wellington Management Group LLP
26,512,072$2.3b46.96%0.41%
1.56%
Capital Research and Management Company
24,443,038$2.1b-9.41%0.14%
1.44%
Geode Capital Management, LLC
22,664,922$1.9b2.73%0.25%
1.11%
FMR LLC
17,388,732$1.5b-17.3%0.14%
1.05%
Northern Trust Global Investments
16,455,793$1.4b-2.61%0.29%
1.05%
T. Rowe Price Group, Inc.
16,434,980$1.4b-19.77%0.17%
0.88%
BNY Mellon Asset Management
13,780,101$1.2b4.17%0.27%
0.88%
Edgewood Management LLC
13,772,728$1.2b-6.19%3.72%
0.84%
Jennison Associates LLC
13,114,349$1.1b-8.46%1.01%
0.75%
UBS Asset Management
11,728,978$1.0b0.43%0.19%
0.74%
J.P. Morgan Asset Management, Inc.
11,582,967$989.2m-10.48%0.18%
0.72%
Morgan Stanley, Investment Banking and Brokerage Investments
11,354,012$969.6m-4.18%0.19%
0.71%
Norges Bank Investment Management
11,091,442$947.2m0%0.13%
0.68%
Eaton Vance Management
10,697,084$913.5m1.09%0.35%
0.6%
Walter Scott & Partners Limited
9,361,219$799.4m-3.49%2.21%
0.59%
Legal & General Investment Management Limited
9,278,863$792.4m0.67%0.24%
0.58%
Wells Fargo & Company, Securities and Brokerage Investments
9,152,139$781.6m2.22%0.34%
0.54%
Fisher Asset Management, LLC
8,541,187$729.4m3.09%0.53%

Company Information

NIKE, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: NIKE, Inc.
  • Ticker: NKE
  • Exchange: NYSE
  • Founded: 1964
  • Industry: Footwear
  • Sector: Consumer Durables
  • Implied Market Cap: US$133.955b
  • Shares outstanding: 1.57b
  • Website: https://investors.nike.com

Number of Employees


Location

  • NIKE, Inc.
  • One Bowerman Drive
  • Beaverton
  • Oregon
  • 97005-6453
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NKENYSE (New York Stock Exchange)YesClass B Common StockUSUSDDec 1980
NKEDB (Deutsche Boerse AG)YesClass B Common StockDEEURDec 1980
NKEXTRA (XETRA Trading Platform)YesClass B Common StockDEEURDec 1980
NKESNSE (Santiago Stock Exchange)YesClass B Common StockCLUSDDec 1980
NKESWX (SIX Swiss Exchange)YesClass B Common StockCHCHFDec 1980
NKE *BMV (Bolsa Mexicana de Valores)YesClass B Common StockMXMXNDec 1980
0QZ6LSE (London Stock Exchange)YesClass B Common StockGBUSDDec 1980
NKEBVL (Bolsa de Valores de Lima)YesClass B Common StockPEUSDDec 1980
NKEWBAG (Wiener Boerse AG)YesClass B Common StockATEURDec 1980
NKEETLX (Eurotlx)YesClass B Common StockITEURDec 1980
NKE_KZKAS (Kazakhstan Stock Exchange)YesClass B Common StockKZUSDDec 1980
NKECLSNSE (Santiago Stock Exchange)YesClass B Common StockCLCLPDec 1980
NKEBUL (Bulgaria Stock Exchange)YesClass B Common StockBGEURDec 1980
NKEBASE (Buenos Aires Stock Exchange)CEDEAR EACH REPR 1/3 ORD CLS'B'NPVARARSJul 2001
NKEDBASE (Buenos Aires Stock Exchange)CEDEAR EACH REPR 1/3 ORD CLS'B'NPVARUSDJul 2001
NIKE34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 10 REPR 1 COMBRBRLDec 2011
NKE0DB (Deutsche Boerse AG)CDR CAD HEDGED REG SDEEURAug 2022

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/08/31
Annual Earnings2022/05/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.