Nike, Inc., the world's largest athletic apparel company, was founded in 1964 as Blue Ribbon Sports and is currently headquartered in Beaverton, Oregon. The company is best known for designing, developing and worldwide marketing and selling of athletic footwear, apparel, equipment and accessories. With a diverse range of products, Nike operates globally and has a significant presence in the athletic and sports industry, employing over 79,100 people worldwide and generating substantial revenues and profits.
Nike reported a significant increase in revenue in Q3 2023, with sales reaching $12.4 billion, up 14% compared to the previous year. The company's performance was a result of its Consumer Direct Acceleration strategy, driving product innovation and digital advantage. Looking ahead to the fourth quarter of 2023, analysts predict that Nike's revenue will continue to show growth, with expectations between $12.8 billion and $13.2 billion. For 2024, Nike is expected to maintain its growth trajectory, with the company's strategic focus on innovation. The company's strong performance in Q3 and positive outlook for Q4 and 2024 indicate continued growth and resilience despite challenges such as inflation and soft sales in certain regions.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Nike's shares have ranged in value from as little as $88.0479 up to $126.9466. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Nike's is 1.086. This would suggest that Nike's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Historical closes compared with the last close of $94
| 1 week (2024-04-16) | -0.89% |
|---|---|
| 1 month (2024-03-21) | 0.15% |
| 3 months (2024-01-23) | -6.71% |
| 6 months (2023-10-23) | -10.63% |
| 1 year (2023-04-23) | -26.04% |
| 2 years (2022-04-21) | -27.17% |
| 3 years (2021-04-22) | -27.80% |
| 5 years (2019-04-23) | 6.35% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Nike P/E ratio, PEG ratio and EBITDA
Nike's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 27x. In other words, Nike stocks trade at around 27x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Nike's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.0302. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Nike's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Nike's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $6.9 billion.
The EBITDA is a measure of a Nike's overall financial performance and is widely used to measure a its profitability.
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