Nike Inc

LTS : 0QZ6
USA·Consumer Cyclical·Manufacturing - Apparel & Accessories·Class B
$36.95
−0.64 (−1.11%)Oct 16 close
Market Cap
$54.70B
Enterprise Value
$57.64B
P/E (TTM)
21.70
P/B
3.87
Net Cash / (Debt)
−$2.94B
52-Week Range
$34 — $70
5-Year Range
$34 — $178
Avg Volume (3M)
63.68K

Nike Inc designs and sells athletic footwear, apparel, and equipment under the Nike, Jordan, Converse, and NikeSkims brands. Footwear accounts for roughly two-thirds of revenue, with running, basketball, and soccer as core categories.

Customers are consumers worldwide — from serious athletes to casual wearers. Nike sells through its own retail stores, e-commerce platforms (active in 40+ countries), and third-party retailers. China is a major market, served largely through ~5,500 franchised stores.

Nike does not manufacture — nearly all production is outsourced to contract factories across 30+ countries. Revenue comes from wholesale to retailers and direct-to-consumer sales, with direct channels (own stores and e-commerce) carrying higher margins.

Employees77,800IPONov 4, 2014SIC3021HQOne Bowerman Drive, Beaverton, OR, USA, 97005-6453
to

Financials

Profitability

Metric
Current
Margins
Gross Margin
41.1%
Operating Margin
6.5%
EBITDA Margin
8.3%
Net Margin
5.4%
OCF Margin
6.6%
FCF Margin
5.3%
Returns on Capital
ROE
18.3%
ROA
6.7%
ROIC
11.6%
ROCE
11.5%
ROC (Greenblatt)
24.4%
3Y ROIIC
−1,500.1%
Consistency
Years Profitable / 10Y
10

Valuation

Metric
Current
Earnings Multiples
P/E (TTM)
21.70
Forward P/E
15.80
P/E ex-NRI
21.70
Shiller P/E (CAPE)
11.97
Cash Flow Multiples
P/FCF
22.05
P/OCF
17.87
P/Owner Earnings
30.97
FCF Yield
4.53%
Enterprise Value Multiples
EV / EBIT
18.95
EV / Forward EBIT
14.15
EV / EBITDA
14.94
EV / Forward EBITDA
12.02
EV / Revenue
1.24
EV / Forward Revenue
1.19
Asset / Sales
P/S
1.17
P/B
3.87
P/Tangible Book
4.02
Growth-Adjusted
PEG
15.50

Capital Returns

Metric
Current
Dividends
Dividend Yield (TTM)
4.39%
Forward Dividend Yield
4.44%
3Y Dividend Growth
9.7%
Payout Ratio
0.95
5Y Yield on Cost
4.61%
Buybacks & Dilution
3Y Buyback Ratio
2.10%
5Y Share Change
−6.5%
Combined
Shareholder Yield
7.31%

Balance Sheet

Metric
Current
Leverage
Debt / Equity
0.80
Gross Debt / EBITDA
2.92
Cash / Debt
0.74
Equity / Assets
0.37
Coverage
Interest Coverage
—
Short-Term Liquidity
Current Ratio
2.06
Quick Ratio
1.40
Cash Ratio
0.72
Composite Scores
Piotroski F-Score
5
Altman Z-Score
4.01

5-Step DuPont Analysis

ROE %
17.95%
Net Margin %
5.43%
Operating Margin %
6.54%
Operating Income
$3.04B
÷
Revenue
$46.51B
×
Tax Burden
0.8187
Net Income
$2.52B
÷
Pretax Income
$3.08B
×
Interest Burden
1.0135
Pretax Income
$3.08B
÷
Operating Income
$3.04B
×
Asset Turnover
1.23
Revenue
$46.51B
÷
Average Total Assets
$37.87B
Begin Total Assets
$37.96B
End Total Assets
$37.79B
×
Equity Multiplier
2.69
Avg Total Assets
$37.87B
÷
Avg Stockholders Equity
$14.06B
Begin Equity
$14.04B
End Equity
$14.09B