Financials Nike, Inc.

Equities

NKE

US6541061031

Footwear

Market Closed - Nyse Other stock markets 01:30:02 11/09/2024 am IST			5-day change	1st Jan Change
78.09 ^USD	-1.76%		-3.97%	-28.07%

10/09	Sector Update: Consumer Stocks Mixed in Late Afternoon Trading	MT
10/09	Sector Update: Consumer	MT

Projected Income Statement: Nike, Inc.

Fiscal Period: Mayo	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	37,403	44,538	46,710	51,217	51,362	48,928	51,596	54,063
Change	-	19.08%	4.88%	9.65%	0.28%	-4.74%	5.45%	4.78%
EBITDA ¹	4,234	7,681	7,392	6,774	7,107	6,196	7,186	7,571
Change	-	81.41%	-3.76%	-8.36%	4.92%	-12.82%	15.98%	5.35%
EBIT ¹	3,115	6,937	6,675	5,915	6,311	5,364	6,265	6,923
Change	-	122.7%	-3.78%	-11.39%	6.69%	-15.01%	16.8%	10.51%
Interest Paid ¹	-89	-262	-205	6	161	-124.3	-124	-109
Earnings before Tax (EBT) ¹	2,887	6,661	6,651	6,201	6,700	5,613	6,444	6,545
Change	-	130.72%	-0.15%	-6.77%	8.05%	-16.22%	14.81%	1.57%
Net income ¹	2,539	5,727	6,046	5,070	5,700	4,618	5,317	5,703
Change	-	125.56%	5.57%	-16.14%	12.43%	-18.99%	15.16%	7.24%
Announcement Date	25/06/20	24/06/21	27/06/22	29/06/23	27/06/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: May	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	10,660	10,326	10,104	6,313	10,594	11,243	10,357	12,344	12,248	11,357	10,871	12,234	12,687	13,315	12,390	12,825	12,939	13,388	12,429	12,606	11,644	12,479	12,087	12,629	12,201	13,072	12,709	13,269
Change	-	-3.13%	-2.15%	-37.52%	67.81%	6.13%	-7.88%	19.19%	-0.78%	-7.27%	-4.28%	12.54%	3.7%	4.95%	-6.95%	3.51%	0.89%	3.47%	-7.16%	1.42%	-7.63%	7.17%	-3.14%	4.48%	-3.39%	7.14%	-2.78%	4.4%
EBITDA ¹	1,712	1,394	1,360	-615	1,942	1,765	1,860	2,114	2,301	1,638	1,812	1,647	1,864	1,760	1,586	1,457	1,790	2,023	1,543	1,753	1,097	1,654	1,681	1,789	1,406	1,860	1,837	1,993
Change	-	-18.57%	-2.44%	-	-	-9.11%	5.38%	13.66%	8.85%	-28.81%	10.62%	-9.11%	13.18%	-5.58%	-9.89%	-8.13%	22.86%	13.02%	-23.73%	13.61%	-37.4%	50.71%	1.64%	6.45%	-21.43%	32.27%	-1.22%	8.51%
EBIT ¹	1,543	1,220	1,190	-838	1,766	1,580	1,678	1,913	2,124	1,454	1,629	1,468	1,695	1,587	1,412	1,221	1,604	1,825	1,336	1,546	891.1	1,448	1,446	1,549	1,134	1,626	1,529	1,681
Change	-	-20.93%	-2.46%	-	-	-10.53%	6.2%	14%	11.03%	-31.54%	12.04%	-9.88%	15.46%	-6.37%	-11.03%	-13.53%	31.37%	13.78%	-26.79%	15.72%	-42.36%	62.54%	-0.16%	7.14%	-26.79%	43.36%	-6%	9.98%
Charge d'intérêts	-15	-12	-12	-50	-65	-70	-64	-63	-57	-55	-53	-40	-13	-16	7	28	34	22	-	53	-	-27	-55	-57	-	-45	-55	-57
Earnings before Tax (EBT) ¹	1,561	1,249	881	-804	1,715	1,456	1,636	1,854	2,106	1,501	1,670	1,374	1,828	1,650	1,477	1,246	1,648	1,922	1,404	1,726	968.6	1,506	1,473	1,597	1,187	1,649	1,537	1,731
Change	-	-19.99%	-29.46%	-	-	-15.1%	12.36%	13.33%	13.59%	-28.73%	11.26%	-17.72%	33.04%	-9.74%	-10.48%	-15.64%	32.26%	16.63%	-26.95%	22.93%	-43.88%	55.47%	-2.22%	8.43%	-25.66%	38.95%	-6.8%	12.61%
Net income ¹	1,367	1,115	847	-790	1,518	1,251	1,449	1,509	1,874	1,337	1,396	1,439	1,468	1,331	1,240	1,031	1,450	1,578	1,172	1,500	792	1,232	1,229	1,317	975.5	1,368	1,285	1,409
Change	-	-18.43%	-24.04%	-	-	-17.59%	15.83%	4.14%	24.19%	-28.66%	4.41%	3.08%	2.02%	-9.33%	-6.84%	-16.85%	40.64%	8.83%	-25.73%	27.99%	-47.2%	55.56%	-0.28%	7.22%	-25.94%	40.23%	-6.08%	9.69%
Announcement Date	24/09/19	19/12/19	24/03/20	25/06/20	22/09/20	18/12/20	18/03/21	24/06/21	23/09/21	20/12/21	21/03/22	27/06/22	29/09/22	20/12/22	21/03/23	29/06/23	28/09/23	21/12/23	21/03/24	27/06/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Nike, Inc.

Fiscal Period: May	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,315	-4,061	-3,567	-1,742	-2,673	408	1,880	4,169
Change	-	-408.82%	-187.84%	-148.84%	-253.44%	-84.74%	360.78%	121.76%
Announcement Date	25/06/20	24/06/21	27/06/22	29/06/23	27/06/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Nike, Inc.

Fiscal Period: May	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,086	695	758	969	812	1,143	1,210	1,281
Change	-	-36%	9.06%	27.84%	-16.2%	40.71%	5.93%	5.88%
Free Cash Flow (FCF) ¹	1,399	5,962	4,430	4,872	6,617	4,505	4,937	4,941
Change	-	326.16%	-25.7%	9.98%	35.82%	-31.92%	9.59%	0.08%
Announcement Date	25/06/20	24/06/21	27/06/22	29/06/23	27/06/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Nike, Inc.

Fiscal Period: May	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	11.32%	17.25%	15.83%	13.23%	13.84%	12.66%	13.93%	14%
EBIT Margin (%)	8.33%	15.58%	14.29%	11.55%	12.29%	10.96%	12.14%	12.81%
EBT Margin (%)	7.72%	14.96%	14.24%	12.11%	13.04%	11.47%	12.49%	12.11%
Net margin (%)	6.79%	12.86%	12.94%	9.9%	11.1%	9.44%	10.31%	10.55%
FCF margin (%)	3.74%	13.39%	9.48%	9.51%	12.88%	9.21%	9.57%	9.14%
FCF / Net Income (%)	55.1%	104.1%	73.27%	96.09%	116.09%	97.55%	92.84%	86.64%
Profitability
ROA	9.22%	16.58%	15.5%	13.02%	15.07%	12.55%	14.19%	17.81%
ROE	29.7%	55.01%	43.11%	34.63%	40.09%	31.54%	34.88%	46.79%
Financial Health
Leverage (Debt/EBITDA)	0.31x	-	-	-	-	0.07x	0.26x	0.55x
Debt / Free cash flow	0.94x	-	-	-	-	0.09x	0.38x	0.84x
Capital Intensity
CAPEX / Current Assets (%)	2.9%	1.56%	1.62%	1.89%	1.58%	2.34%	2.35%	2.37%
CAPEX / EBITDA (%)	25.65%	9.05%	10.25%	14.3%	11.43%	18.44%	16.84%	16.93%
CAPEX / FCF (%)	77.63%	11.66%	17.11%	19.89%	12.27%	25.36%	24.52%	25.94%
Items per share
Cash flow per share ¹	1.561	4.14	3.221	3.721	4.856	4.049	4.15	4.212
Change	-	165.21%	-22.2%	15.52%	30.52%	-16.62%	2.49%	1.49%
Dividend per Share ¹	0.955	1.07	1.19	1.325	1.45	1.49	1.584	1.695
Change	-	12.04%	11.21%	11.34%	9.43%	2.78%	6.3%	7%
Book Value Per Share ¹	5.061	8.09	9.679	9.141	9.433	9.155	9.28	7.346
Change	-	59.85%	19.64%	-5.56%	3.2%	-2.95%	1.36%	-20.84%
EPS ¹	1.6	3.56	3.75	3.23	3.73	3.082	3.612	3.967
Change	-	122.5%	5.34%	-13.87%	15.48%	-17.37%	17.19%	9.84%
Nbr of stocks (in thousands)	15,55,035	15,79,967	15,73,767	15,36,989	15,09,359	14,99,359	14,99,359	14,99,359
Announcement Date	25/06/20	24/06/21	27/06/22	29/06/23	27/06/24	-	-	-