Nike designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, including running, basketball, football, mens training, womens training, sportswear, action sports, and golf under the NIKE and Jordan brand names. The company was founded in 1964 and is based in Beaverton, Oregon.
NKE Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for NIKE Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that NIKE Inc ranked in the 13th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of NIKE Inc, consider:
The company's compound free cash flow growth rate over the past 5.75 years comes in at 0%; that's greater than merely 24.18% of US stocks we're applying DCF forecasting to.
NKE's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 3%; for context, that number is higher than 42.36% of tickers in our DCF set.
Relative to other stocks in its sector (Consumer Cyclical), NIKE Inc has a reliance on debt greater than only 10.33% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as NKE, try WYND, BJRI, CHH, LEA, and VOXX.
Apple paid a lobbying firm $90,000 to “educate policymakers” about a bill to prevent U.S. imports of goods made with forced labor by China’s Uyghur population, according to lobbying disclosure documents. China has compelled members of the Uyghur and other Muslim minorities to work in various factories and in cotton fields in Xinjiang Province. A bill passed by the House and currently under consideration in the Senate, the Uyghur Forced Labor Prevention Act, would ban imports of any goods from Xinjiang unless customs officials can verify that they were not made with forced labor. Apple, Nike, Coca-Cola, and several retail groups hired lobbyists to work on issues related to the Uyghur forced labor bill, according to documents first reported by the Daily Caller. Apple paid $90,000 each to ...
DBMR added a new research report on Global Fitness App Market 2021 by Top players, Regions, Type and Application, Forecast to 2027 report provides a credible Fitness App market analysis report carries out research and analysis of the market for a
President Xi Jinping gives the stock price of a Chinese company a boast after stepping out in one of its luxury parkas. The company, Anta Group, has its sights set on replacing Nike as the No 1 sportswear brand in China.