Company Valuation: NIKE, Inc.

Data adjusted to current consolidation scope
Fiscal Period: May 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 187,042 161,783 143,465 89,430 68,461 53,480 - -
Change - -13.5% -11.32% -37.66% -23.45% -21.88% - -
Enterprise Value (EV) 1 183,475 160,041 140,792 88,245 70,467 55,204 55,640 55,709
Change - -12.77% -12.03% -37.32% -20.15% -21.66% 0.79% 0.12%
P/E 31.7x 32.6x 25.5x 28.1x 22x 21.4x 16.9x 15.2x
PBR 12.3x 11.5x 10.1x 6.82x 4.61x 3.66x 3.69x 3.97x
PEG - -2.4x 1.6x -0.7x -7.92x -1.1x 0.6x 1.4x
Capitalization / Revenue 4x 3.16x 2.79x 1.93x 1.48x 1.18x 1.14x 1.1x
EV / Revenue 3.93x 3.12x 2.74x 1.91x 1.52x 1.21x 1.18x 1.14x
EV / EBITDA 24.8x 23.6x 19.8x 19.7x 19.8x 14.5x 12.2x 10.4x
EV / EBIT 27.5x 27.1x 22.3x 23.8x 25.1x 17.7x 14x 12.1x
EV / FCF 41.4x 32.8x 21.3x 27x 32.3x 17.4x 16.2x 15.7x
FCF Yield 2.41% 3.04% 4.7% 3.7% 3.1% 5.75% 6.17% 6.37%
Dividend per Share 2 1.19 1.325 1.45 1.57 1.63 1.678 1.748 1.814
Rate of return 1% 1.26% 1.53% 2.59% 3.53% 4.66% 4.85% 5.03%
EPS 2 3.75 3.23 3.73 2.16 2.1 1.683 2.135 2.373
Distribution rate 31.7% 41% 38.9% 72.7% 77.6% 99.7% 81.9% 76.4%
Net sales 1 46,710 51,217 51,362 46,309 46,398 45,506 47,110 48,757
EBITDA 1 7,392 6,774 7,107 4,477 3,558 3,797 4,550 5,353
EBIT 1 6,675 5,915 6,311 3,702 2,811 3,112 3,961 4,615
Net income 1 6,046 5,070 5,700 3,219 3,108 2,507 3,170 3,684
Net Debt 1 -3,567 -1,742 -2,673 -1,185 2,006 1,724 2,160 2,229
Reference price 2 118.85 105.26 95.05 60.59 46.23 36.05 36.05 36.05
Nbr of stocks (in thousands) 1,573,767 1,536,989 1,509,359 1,475,990 1,480,887 1,483,499 - -
Announcement Date 6/27/22 6/29/23 6/27/24 6/26/25 6/30/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.42x1.21x14.54x4.66% 53.48B
15.34x1.08x8.15x2.46% 28.63B
22.44x2.71x12.38x1.09% 18.2B
20.27x2.01x10.08x-.--% 10.08B
16.01x0.85x7.97x5.14% 2.17B
5.66x0.34x2x7.73% 1.24B
7.16x0.35x2.29x7.46% 1.21B
6.95x1.21x5.7x11.5% 817M
Average 14.41x 1.22x 7.89x 5% 14.48B
Weighted average by Cap. 19.46x 1.46x 11.78x 3.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield