Obermatt

NIKE

NYQ:NKE · US6541061031
Textiles, Apparel & Luxury GoodsXX-Large

360

35
EV / EBIT15
Price / Owner Earnings27
Owner Earnings Yield37
Dividend Yield93
Price/Sales81
EV / Gross Profit40
Price/Book10
Return on Capital37
Cash Return on Capital67
Return on Equity47
EBIT Margin17
Gross Profitability67
Cash Conversion8
Accruals24
Owner Earnings Margin34
Sales growth22
Profit Growth98
Long-Term EPS Growth82
Owner Earnings Growth14
Reinvestment93
Price momentum9
Debt load39
Refinancing78
Debt Payback52
Liquidity82
Analyst ratings36
Opinion Changes47
Price Target Upside84
Market mood39
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

NIKE clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryTextiles, Apparel & Luxury Goods
SizeXX-Large
TypePublic Company
ExchangeNYSE
Founded1967
Employees47,425
ISINUS6541061031
Last UpdateApr 2, 2026
Themes
Fast-Moving Consumer GoodsFitness TechnologyLifestyleBrand MarketingClothing and ApparelCommerce and ShoppingDesignSports

Description

NIKE, Inc. (NIKE) engages in the design, development and worldwide marketing and selling of athletic footwear, apparel, equipment, accessories and services. The company is the largest seller of athletic footwear and apparel in the world. The company…

Analysis

Middle-of-the-road

NIKE, Inc. sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 28.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 11% a year, against analyst forecasts of 15%. The price, in other words, assumes less than the experts do.

Growth is tepid; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
33
2023202420252026

All-time high

66

Nov 2023

All-time low

7

Jan 2025

Average rank

37

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
81
9
9
9
Price/Earnings
8
5
5
7
Price/Book
10
9
3
6
Dividend Yield
93
81
63
61
Value (overall)
51
24
9
9

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →