Added to YB: 2024-07-18
Pitch date: 2024-07-17
NKE [neutral]
NIKE, Inc.
-4.46%
current return
Author Info
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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
$70.62
Price Target
N/A
Dividend
2.49%
EV/EBITDA
18.83
P/E
33.81
EV/Sales
2.15
Sector
Textiles, Apparel and Luxury Goods
Category
value
Nike Is Still Not a Buy: Fundamental & Technical Analysis
NKE: Brand strong, ops weak. Rev growth 7.1% YoY, but real growth ~5% due to inflation. 80% basketball mkt share, but losing to lifestyle brands. Op expenses +25% vs rev +15% 2021-23. Strong balance sheet. Declining op margin, ROA <15%. Valuation: $52 fair value (14x PE). Tech: 41% below 1yr high, weak trend. Support $70, resistance $80. Too early to call bottom in 3yr downtrend.
Read full article (10 min)