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NIKE

NYSE:NKE
Snowflake Description

Excellent balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NKE
NYSE
$133B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The last earnings update was 46 days ago. More info.


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NKE Share Price and Events
7 Day Returns
2.5%
NYSE:NKE
-1.8%
US Luxury
-0.7%
US Market
1 Year Returns
18.5%
NYSE:NKE
8.9%
US Luxury
3%
US Market
NKE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NIKE (NKE) 2.5% -5.2% 0% 18.5% 51% 123%
US Luxury -1.8% -5.6% -1.8% 8.9% 32.4% 45.6%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • NKE outperformed the Luxury industry which returned 8.9% over the past year.
  • NKE outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
NKE
Industry
5yr Volatility vs Market
Related Companies

NKE Value

 Is NIKE undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NIKE to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NIKE.

NYSE:NKE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 32 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:NKE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.688 (1 + (1- 21%) (2.62%))
0.801
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.801 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:NKE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NIKE is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:NKE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 4,071.25 Analyst x11 3,787.10
2020 4,007.40 Analyst x11 3,467.55
2021 4,625.06 Analyst x8 3,722.69
2022 5,063.50 Analyst x2 3,791.14
2023 5,968.50 Analyst x2 4,156.84
2024 6,554.99 Est @ 9.83% 4,246.69
2025 7,059.56 Est @ 7.7% 4,254.37
2026 7,497.76 Est @ 6.21% 4,203.10
2027 7,884.95 Est @ 5.16% 4,111.65
2028 8,234.56 Est @ 4.43% 3,994.27
Present value of next 10 years cash flows $39,735.41
NYSE:NKE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $8,234.56 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$177,236.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $177,236.47 ÷ (1 + 7.5%)10
$85,970.66
NYSE:NKE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $39,735.41 + $85,970.66
$125,706.06
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $125,706.06 / 1,571.75
$79.98
NYSE:NKE Discount to Share Price
Calculation Result
Value per share (USD) From above. $79.98
Current discount Discount to share price of $84.57
= -1 x ($84.57 - $79.98) / $79.98
-5.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of NIKE is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NIKE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NIKE's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:NKE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in USD $2.63
NYSE:NKE Share Price ** NYSE (2019-05-17) in USD $84.57
United States of America Luxury Industry PE Ratio Median Figure of 38 Publicly-Listed Luxury Companies 16.7x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NIKE.

NYSE:NKE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:NKE Share Price ÷ EPS (both in USD)

= 84.57 ÷ 2.63

32.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NIKE is overvalued based on earnings compared to the US Luxury industry average.
  • NIKE is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does NIKE's expected growth come at a high price?
Raw Data
NYSE:NKE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 32 Analysts
13.3%per year
United States of America Luxury Industry PEG Ratio Median Figure of 28 Publicly-Listed Luxury Companies 1.55x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:NKE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 32.16x ÷ 13.3%

2.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NIKE is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on NIKE's assets?
Raw Data
NYSE:NKE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in USD $5.70
NYSE:NKE Share Price * NYSE (2019-05-17) in USD $84.57
United States of America Luxury Industry PB Ratio Median Figure of 47 Publicly-Listed Luxury Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:NKE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:NKE Share Price ÷ Book Value per Share (both in USD)

= 84.57 ÷ 5.70

14.85x

* Primary Listing of NIKE.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NIKE is overvalued based on assets compared to the US Luxury industry average.
X
Value checks
We assess NIKE's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. NIKE has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NKE Future Performance

 How is NIKE expected to perform in the next 1 to 3 years based on estimates from 32 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NIKE expected to grow at an attractive rate?
  • NIKE's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • NIKE's earnings growth is positive but not above the United States of America market average.
  • NIKE's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:NKE Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:NKE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 32 Analysts 13.3%
NYSE:NKE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 32 Analysts 7.5%
United States of America Luxury Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
United States of America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:NKE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 32 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:NKE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-05-31 53,202 7,422 7,135 2
2022-05-31 49,318 6,598 6,260 3
2021-05-31 45,586 6,075 5,423 21
2020-05-31 42,222 5,584 4,746 32
2019-05-31 39,091 5,446 4,098 30
NYSE:NKE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-02-28 38,722 6,163 4,177
2018-11-30 38,095 5,882 2,155
2018-08-31 37,275 5,681 2,075
2018-05-31 36,397 4,955 1,933
2018-02-28 35,285 3,647 1,804
2017-11-30 34,733 3,974 3,866
2017-08-31 34,359 3,633 3,941
2017-05-31 34,350 3,846 4,240
2017-02-28 33,917 4,068 4,078
2016-11-30 33,517 3,830 3,887
2016-08-31 33,023 3,393 3,830
2016-05-31 32,376 3,399 3,760

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NIKE's earnings are expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).
  • NIKE's revenue is expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:NKE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 32 Analyst Estimates (S&P Global) See Below

All data from NIKE Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NKE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-05-31 4.85 5.12 4.57 2.00
2022-05-31 4.18 4.37 3.98 3.00
2021-05-31 3.55 3.80 3.40 16.00
2020-05-31 3.04 3.34 2.90 25.00
2019-05-31 2.56 3.00 2.47 26.00
NYSE:NKE Past Financials Data
Date (Data in USD Millions) EPS *
2019-02-28 2.63
2018-11-30 1.35
2018-08-31 1.29
2018-05-31 1.19
2018-02-28 1.10
2017-11-30 2.36
2017-08-31 2.39
2017-05-31 2.56
2017-02-28 2.45
2016-11-30 2.32
2016-08-31 2.27
2016-05-31 2.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • NIKE is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess NIKE's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NIKE has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NKE Past Performance

  How has NIKE performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NIKE's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NIKE's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • NIKE's 1-year earnings growth exceeds its 5-year average (131.5% vs -0.7%)
  • NIKE's earnings growth has exceeded the US Luxury industry average in the past year (131.5% vs 69%).
Earnings and Revenue History
NIKE's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NIKE Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NKE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 38,722.00 4,177.00 12,416.00
2018-11-30 38,095.00 2,155.00 12,092.00
2018-08-31 37,275.00 2,075.00 11,718.00
2018-05-31 36,397.00 1,933.00 11,511.00
2018-02-28 35,285.00 1,804.00 11,056.00
2017-11-30 34,733.00 3,866.00 10,785.00
2017-08-31 34,359.00 3,941.00 10,522.00
2017-05-31 34,350.00 4,240.00 10,563.00
2017-02-28 33,917.00 4,078.00 10,664.00
2016-11-30 33,517.00 3,887.00 10,734.00
2016-08-31 33,023.00 3,830.00 10,789.00
2016-05-31 32,376.00 3,760.00 10,469.00
2016-02-29 31,911.00 3,779.00 10,298.00
2015-11-30 31,339.00 3,620.00 10,111.00
2015-08-31 31,033.00 3,490.00 9,989.00
2015-05-31 30,601.00 3,273.00 9,892.00
2015-02-28 30,247.00 3,106.00 9,745.00
2014-11-30 29,759.00 2,997.00 9,535.00
2014-08-31 28,810.00 2,876.00 9,188.00
2014-05-31 27,799.00 2,693.00 8,766.00
2014-02-28 27,071.00 2,678.00 8,356.00
2013-11-30 26,286.00 2,658.00 8,050.00
2013-08-31 25,810.00 2,645.00 7,795.00
2013-05-31 25,313.00 2,451.00 7,796.00
2013-02-28 24,852.00 2,327.00 7,654.00
2012-11-30 24,321.00 2,234.00 7,499.00
2012-08-31 23,912.00 2,193.00 7,394.00
2012-05-31 23,331.00 2,257.00 7,079.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • NIKE made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • NIKE used its assets more efficiently than the US Luxury industry average last year based on Return on Assets.
  • NIKE has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NIKE's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NIKE has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NKE Health

 How is NIKE's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NIKE's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NIKE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NIKE's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NIKE's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NIKE Company Filings, last reported 2 months ago.

NYSE:NKE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 8,961.00 3,487.00 4,046.00
2018-11-30 8,729.00 3,481.00 4,041.00
2018-08-31 8,992.00 3,486.00 4,269.00
2018-05-31 9,812.00 3,810.00 5,245.00
2018-02-28 9,782.00 3,486.00 4,751.00
2017-11-30 11,758.00 4,711.00 6,389.00
2017-08-31 11,993.00 3,814.00 5,519.00
2017-05-31 12,407.00 3,802.00 6,179.00
2017-02-28 12,722.00 3,501.00 6,160.00
2016-11-30 12,323.00 3,537.00 5,943.00
2016-08-31 12,165.00 2,188.00 4,787.00
2016-05-31 12,258.00 2,083.00 5,464.00
2016-02-29 12,300.00 2,109.00 5,106.00
2015-11-30 13,405.00 2,176.00 6,116.00
2015-08-31 12,894.00 1,208.00 5,484.00
2015-05-31 12,707.00 1,260.00 6,002.00
2015-02-28 12,368.00 1,251.00 5,408.00
2014-11-30 11,700.00 1,287.00 4,717.00
2014-08-31 11,105.00 1,347.00 4,579.00
2014-05-31 10,824.00 1,507.00 5,142.00
2014-02-28 11,133.00 1,327.00 5,029.00
2013-11-30 11,344.00 1,388.00 5,187.00
2013-08-31 11,282.00 1,375.00 5,578.00
2013-05-31 11,081.00 1,420.00 5,965.00
2013-02-28 10,667.00 321.00 4,042.00
2012-11-30 10,014.00 328.00 3,525.00
2012-08-31 10,047.00 364.00 3,267.00
2012-05-31 10,381.00 385.00 3,757.00
  • NIKE's level of debt (38.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.9% vs 38.9% today).
  • Debt is well covered by operating cash flow (176.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 98x coverage).
X
Financial health checks
We assess NIKE's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NIKE has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NKE Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.04%
Current annual income from NIKE dividends. Estimated to be 1.12% next year.
If you bought $2,000 of NIKE shares you are expected to receive $21 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • NIKE's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • NIKE's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment

Purchase NIKE before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:NKE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 32 Analyst Estimates (S&P Global) See Below
United States of America Luxury Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:NKE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-05-31 1.41 2.00
2022-05-31 1.22 2.00
2021-05-31 1.02 14.00
2020-05-31 0.93 20.00
2019-05-31 0.85 19.00
NYSE:NKE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-09 0.880 1.051
2019-02-14 0.880 1.028
2018-11-15 0.880 1.156
2018-08-09 0.800 1.008
2018-05-10 0.800 1.070
2018-02-16 0.800 1.196
2017-11-16 0.800 1.258
2017-08-10 0.720 1.334
2017-05-11 0.720 1.301
2017-02-16 0.720 1.284
2016-11-17 0.720 1.371
2016-08-11 0.640 1.190
2016-05-13 0.640 1.152
2016-02-11 0.640 1.067
2015-11-19 0.640 1.029
2015-08-10 0.560 0.933
2015-05-12 0.560 1.038
2015-02-12 0.560 1.136
2014-11-20 0.560 1.175
2014-08-11 0.480 1.120
2014-05-12 0.480 1.256
2014-02-13 0.480 1.280
2013-11-21 0.480 1.263
2013-08-12 0.420 1.187
2013-05-13 0.420 1.327
2013-02-14 0.420 1.442
2012-11-15 0.420 1.636
2012-08-13 0.360 1.507
2012-05-14 0.360 1.459
2012-02-16 0.360 1.320
2011-11-17 0.360 1.464
2011-08-15 0.310 1.394
2011-05-16 0.310 1.449
2011-02-17 0.310 1.512
2010-11-18 0.310 1.448
2010-08-16 0.270 1.384
2010-05-17 0.270 1.508
2010-02-11 0.270 1.502
2009-11-19 0.270 1.680
2009-08-10 0.250 1.666

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of NIKE's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess NIKE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NIKE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NIKE has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NKE Management

 What is the CEO of NIKE's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Parker
COMPENSATION $9,467,460
AGE 62
TENURE AS CEO 13.3 years
CEO Bio

Mr. Mark G. Parker has been Chief Executive Officer and President at Nike, Inc. since January 2006 and has been its Chairman since June 30, 2016. Mr. Parker is responsible for the growth of Nike Inc.'s global business portfolio, which includes Converse, Cole Haan, Exeter Brands, Hurley International and Nike Bauer Hockey. He has been Executive Director of Nike, Inc. since January 2006. Mr. Parker has 27 years of extensive Nike experience to the job across a broad range of leadership roles, from product design and development, to marketing and brand management. He served as President of the NIKE Brand at Nike, Inc., from March 2001 to January 2006. He has been employed by Nike Inc., since 1979 with primary responsibilities in product research, design and development. He served as Designer and Development Manager of Exeter, New Hampshire for Nike Inc., from 1979 to 1980. Other positions served at Nike Inc., by him are Manager of Advanced Product Design, Exeter from 1980 to 1981, Director of Design Concepts and Engineering from 1981 to 1982, Director of Footwear Design from 1982 to 1983, Manager of Running & Fitness Footwear Marketing from 1983 to 1985 and Head of Special Design Project Teams from 1985 to 1987. Mr. Parker served as Nike Inc.'s Divisional Vice President of Footwear Research, Design and Development from 1987 to 1988, Corporate Vice President of Research, Design and Development from 1988 to 1993, Corporate Vice President in 1989, Vice President of Consumer Product Marketing from 1993 to 1998, General Manager in 1993, Vice President of Global Footwear from 1998 to 2001. Mr. Parker also served as President of The Nike Brand for Nike Inc. since March 2001 until January 2006. He has been a Director of The Walt Disney Company since January 11, 2016. Mr. Parker has extensive knowledge and experience regarding Company operations, sports marketing, manufacturing, research, design, development, and management, and is an effective leader of NIKE. He holds B.S in Political Science from Pennsylvania State University in 1977.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year.
  • Mark's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the NIKE management team in years:

6.1
Average Tenure
54
Average Age
  • The average tenure for the NIKE management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mark Parker

TITLE
Chairman
COMPENSATION
$9M
AGE
62
TENURE
13.3 yrs

Andy Campion

TITLE
Executive VP & CFO
COMPENSATION
$9M
AGE
46
TENURE
3.8 yrs

Eric Sprunk

TITLE
Chief Operating Officer
COMPENSATION
$10M
AGE
54
TENURE
5.8 yrs

Hilary Krane

TITLE
Executive VP
COMPENSATION
$7M
AGE
54
TENURE
6.3 yrs

John Slusher

TITLE
Executive Vice President of Global Sports Marketing
COMPENSATION
$7M
AGE
49

Phil Knight

TITLE
Co-Founder & Chairman Emeritus
COMPENSATION
$3M
AGE
80

Nitesh Sharan

TITLE
VP of Investor Relations & Treasurer

Ann Miller

TITLE
Chief Compliance Officer

Kellie Leonard

TITLE
Vice President of Global Corporate Communications
TENURE
6.7 yrs

DJ van Hameren

TITLE
VP & Chief Marketing Officer
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the NIKE board of directors in years:

6.6
Average Tenure
60.5
Average Age
  • The tenure for the NIKE board of directors is about average.
Board of Directors

Phil Knight

TITLE
Co-Founder & Chairman Emeritus
COMPENSATION
$3M
AGE
80
TENURE
2.9 yrs

Alan Graf

TITLE
Independent Director
COMPENSATION
$280K
AGE
64
TENURE
16.5 yrs

Mark Parker

TITLE
Chairman
COMPENSATION
$9M
AGE
62
TENURE
2.9 yrs

Tim Cook

TITLE
Lead Independent Director
COMPENSATION
$315K
AGE
57
TENURE
2.9 yrs

John Lechleiter

TITLE
Independent Director
COMPENSATION
$290K
AGE
64
TENURE
9.9 yrs

John Thompson

TITLE
Director
COMPENSATION
$279K
AGE
77
TENURE
28.3 yrs

John Connors

TITLE
Independent Director
COMPENSATION
$287K
AGE
59
TENURE
14.1 yrs

Elizabeth Comstock

TITLE
Independent Director
COMPENSATION
$255K
AGE
57
TENURE
8.1 yrs

Michelle Peluso

TITLE
Independent Director
COMPENSATION
$272K
AGE
46
TENURE
5.1 yrs

John Donahoe

TITLE
Independent Director
COMPENSATION
$260K
AGE
57
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess NIKE's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NIKE has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NKE News

Simply Wall St News

Are You An Income Investor? Don't Miss Out On NIKE, Inc. (NYSE:NKE)

Dividend paying stocks like NIKE, Inc. … Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. … There are a few simple ways to reduce the risks of buying NIKE for its dividend, and we'll go through these below.

Simply Wall St -

Is NIKE, Inc.'s (NYSE:NKE) CEO Pay Fair?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Mark Parker's Compensation Compare With Similar Sized Companies. … is worth US$140b, and total annual CEO compensation is US$9.5m.

Simply Wall St -

Is NIKE, Inc.'s (NYSE:NKE) Liquidity Good Enough?

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider NIKE, Inc. … With a market valuation of US$134b, NKE is a safe haven in times of market uncertainty due to its strong balance sheet. … These firms won’t be left high and dry if liquidity dries up, and they will be relatively unaffected by rises in interest rates.

Simply Wall St -

Is NIKE, Inc. (NYSE:NKE) Undervalued After Accounting For Its Future Growth?

(NYSE:NKE) is considered a high growth stock. … However its last closing price of $85.23 left investors wondering whether this growth has already been factored into the share price. … Analysts are predicting good growth prospects for NIKE over the next couple of years

Simply Wall St -

The NIKE (NYSE:NKE) Share Price Has Gained 131%, So Why Not Pay It Some Attention?

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, NIKE actually saw its EPS drop 2.0% per year. … In that case, the company may be sacrificing current earnings per share to drive growth.

Simply Wall St -

Should You Like NIKE, Inc.’s (NYSE:NKE) High Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Don't Sell NIKE, Inc. (NYSE:NKE) Before You Read This

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate NIKE's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Why NIKE, Inc. (NYSE:NKE) Looks Like A Quality Company

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every $1 worth of shareholders' equity, it generated $0.25 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Percentage Of NIKE, Inc. (NYSE:NKE) Shares Do Insiders Own?

The big shareholder groups in NIKE, Inc. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Should You Ramp Up Holdings In NIKE, Inc. (NYSE:NKE)?

When stocks are plummeting in price, it's hard to start buying into all the uncertainty. … And I'm not talking about buying into speculative, high-risk stocks. … I'm talking about the well-proven, robust track record NIKE, Inc..

Simply Wall St -

NKE Company Info

Description

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel. In addition, the company sells a line of performance equipment and accessories, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment under the NIKE brand for sports activities; various plastic products to other manufacturers; athletic and casual footwear, apparel, and accessories under the Jumpman trademark; casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks; and action sports and youth lifestyle apparel and accessories under the Hurley trademark. Further, it licenses agreements that permit unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. NIKE, Inc. sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.

Details
Name: NIKE, Inc.
NKE
Exchange: NYSE
Founded: 1964
$132,922,862,910
1,571,749,591
Website: http://www.nike.com
Address: NIKE, Inc.
One Bowerman Drive,
Beaverton,
Oregon, 97005,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NKE Class B Common Stock New York Stock Exchange US USD 02. Dec 1980
DB NKE Class B Common Stock Deutsche Boerse AG DE EUR 02. Dec 1980
XTRA NKE Class B Common Stock XETRA Trading Platform DE EUR 02. Dec 1980
LSE 0QZ6 Class B Common Stock London Stock Exchange GB USD 02. Dec 1980
SWX NKE Class B Common Stock SIX Swiss Exchange CH CHF 02. Dec 1980
WBAG NKE Class B Common Stock Wiener Boerse AG AT EUR 02. Dec 1980
SNSE NKE Class B Common Stock Santiago Stock Exchange CL USD 02. Dec 1980
BMV NKE * Class B Common Stock Bolsa Mexicana de Valores MX MXN 02. Dec 1980
BOVESPA NIKE34 BDR EACH REPR 1 COM CL 'B' NPV Bolsa de Valores de Sao Paulo BR BRL 29. Dec 2011
BASE NKE CEDEAR EACH REPR 1/3 ORD CLS'B'NPV Buenos Aires Stock Exchange AR ARS 17. Jul 2001
Number of employees
Current staff
Staff numbers
73,100
NIKE employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:37
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/04/04
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/05/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.