Professional
Added to YB: 2024-11-11
Pitch date: 2024-10-31
NKE [bullish]
NIKE, Inc.
-9.92%
current return
Author Info
No bio for this author
Company Info
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic and casual footwear, apparel, equipment, accessories, and services for men, women, and kids in North America, Europe, the Middle East, Africa, Greater China, the Asia Pacific, and Latin America.
Market Cap
$97.4B
Pitch Price
$74.90
Price Target
117.00 (+73%)
Dividend
2.49%
EV/EBITDA
18.83
P/E
33.81
EV/Sales
2.15
Sector
Textiles, Apparel and Luxury Goods
Category
growth
Nike’s Competitive Advantages Should Allow It to Overcome Current Challenges
NKE: Wide moat based on brand, global reach & sponsorships. Overcoming challenges (innovation lag, soft demand, CEO change). 5% 10yr CAGR, 11% in China. Margins to improve via DTC, cost cuts. Risks: competition, economic uncertainty. FV $117, implying 42x FY25 P/E. New CEO, exemplary capital allocation.
Read full article (13 min)