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 54,593 - -
Change - -13.5% -11.32% -37.66% -23.45% -20.26% - -
Enterprise Value (EV) 1 183,475 160,041 140,792 88,245 70,467 56,316 56,752 56,822
Change - -12.77% -12.03% -37.32% -20.15% -20.08% 0.77% 0.12%
P/E 31.7x 32.6x 25.5x 28.1x 22x 21.5x 16.7x 15.2x
PBR 12.3x 11.5x 10.1x 6.82x 4.61x 3.72x 3.72x 3.99x
PEG - -2.4x 1.6x -0.7x -7.92x -1.2x 0.6x 1.6x
Capitalization / Revenue 4x 3.16x 2.79x 1.93x 1.48x 1.2x 1.15x 1.12x
EV / Revenue 3.93x 3.12x 2.74x 1.91x 1.52x 1.23x 1.2x 1.16x
EV / EBITDA 24.8x 23.6x 19.8x 19.7x 19.8x 14.6x 12.3x 10.4x
EV / EBIT 27.5x 27.1x 22.3x 23.8x 25.1x 17.7x 13.9x 12x
EV / FCF 41.4x 32.8x 21.3x 27x 32.3x 18.1x 17x 16.1x
FCF Yield 2.41% 3.04% 4.7% 3.7% 3.1% 5.51% 5.9% 6.2%
Dividend per Share 2 1.19 1.325 1.45 1.57 1.63 1.63 1.75 1.82
Rate of return 1% 1.26% 1.53% 2.59% 3.53% 4.43% 4.76% 4.95%
EPS 2 3.75 3.23 3.73 2.16 2.1 1.709 2.204 2.414
Distribution rate 31.7% 41% 38.9% 72.7% 77.6% 95.4% 79.4% 75.4%
Net sales 1 46,710 51,217 51,362 46,309 46,398 45,602 47,359 48,932
EBITDA 1 7,392 6,774 7,107 4,477 3,558 3,860 4,615 5,476
EBIT 1 6,675 5,915 6,311 3,702 2,811 3,181 4,092 4,731
Net income 1 6,046 5,070 5,700 3,219 3,108 2,549 3,277 3,747
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 36.80 36.80 36.80
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.54x1.23x14.59x4.43% 54.59B
15.14x1.07x7.98x2.53% 28.82B
22.02x2.66x12.14x1.1% 18.41B
18.39x1.76x8.88x-.--% 9.16B
15.51x0.82x7.72x5.3% 2.12B
5.51x0.32x1.9x7.94% 1.21B
6.76x0.32x2.08x7.9% 1.14B
6.84x1.19x5.59x11.68% 812M
12.49x0.34x5.14x1.76% 128M
Average 13.80x 1.08x 7.33x 4.74% 12.93B
Weighted average by Cap. 19.25x 1.43x 11.66x 3.22%

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

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