20 minute delayed
Join Market Matters and get full access to all our Opinion + Action
Undervalued
Morningstar Quantitative Rating as of 4 NOV 2026.
Quantitative Equity Rating Methodology – view here
Five-star price 44.95 Fair value 54.42 One-star price 65.87
Morningstar Quantitative Rating as of 4 NOV 2026.
Morningstar Quantitative Rating as of 4 NOV 2026. The slider runs from the five-star price (44.95) to the one-star price (65.87).
| Ratios |
|---|
| Currency (Price/reporting): USD/USD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 38.48 |
| Price - 12 month high | 69.12 |
| Price - 12 month low | 31.98 |
| Pricing date | 3 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 22.02 |
| Market capitalization | 48,746.76 |
| 12 Month High price date | 12 DEC 2025 |
| 12 Month Low price date | 2 OCT 2026 |
| Volume - avg. trading volume for the last 3 months | 33.05 |
| Price - 1 Day % Change | -1.64% |
| Price - 13 week price percent change | -9.76% |
| Price - 26 week price percent change | -13.33% |
| Price - 5 Day % Change | 2.45% |
| Price - 52 week price percent change | -38.58% |
| Price - YTD price percent change | -37.11% |
| Price % Change Month To Date | 13.61% |
| EPS excluding extraordinary items - most recent fiscal year | 2.100 |
| EPS excluding extraordinary items - trailing 12 month | 2.080 |
| EPS Normalized - most recent fiscal year | 2.497 |
| Revenue/share - most recent fiscal year | 31.329 |
| Revenue/share - trailing 12 month | 30.959 |
| Book value per share - most recent fiscal year | 10.020 |
| Book value per share - most recent quarter | 10.260 |
| Book value (tangible) per share - most recent fiscal year | 9.684 |
| Book value (tangible) per share - most recent quarter | 9.923 |
| Cash per share - most recent fiscal year | 5.098 |
| Cash per share - most recent quarter | 4.653 |
| Cash Flow per share - most recent fiscal year | 3.070 |
| Cash Flow per share - trailing 12 month | 2.974 |
| Dividend per share - most recent fiscal year | 1.630 |
| Dividends per share - trailing 12 month | 1.640 |
| EBITD per share - trailing 12 month | 3.140 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 2.100 |
| EPS Basic excluding extraordinary items - trailing 12 month | 2.090 |
| EPS including extraordinary items - most recent fiscal year | 2.100 |
| EPS including extraordinary items - trailing 12 month | 2.090 |
| Free Cash Flow per share - trailing 12 month | 2.518 |
| P/E excluding extraordinary items, most recent fiscal year | 19.47 |
| P/E Normalized, most recent fiscal year | 16.67 |
| Price to sales - most recent fiscal year | 1.31 |
| Price to Tangible Book - most fiscal year | 4.08 |
| Price to Free Cash Flow per Share - most recent fiscal year | 16.08 |
| Price to Cash Flow per share - trailing 12 month | 13.62 |
| Price to Book - most recent fiscal year | 3.95 |
| P/E excluding extraordinary items high, trailing 12 months | 38.77 |
| P/E excluding extraordinary items low, trailing 12 months | 16.28 |
| Net Debt, LFI | 2,704.00 |
| Net Debt, LFY | 2,006.00 |
| Dividend Yield - 5 Year Average | 1.48% |
| Dividend Yield - indicated annual dividend divided by closing price | 4.19% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 4.05% |
| Free Cash Flow - most recent fiscal year | 3,862.00 |
| LT debt/equity - most recent fiscal year | 57.55% |
| Payout ratio - most recent fiscal year | 77.62% |
| Total debt/total equity - most recent fiscal year | 74.22% |
| LT debt/equity - most recent quarter | 56.50% |
| Total debt/total equity - most recent quarter | 72.75% |
| Free Cash Flow - trailing 12 month | 3,732.00 |
| Payout ratio - trailing 12 month | 78.85% |
| Revenue - most recent fiscal year | 46,398.00 |
| Revenue - trailing 12 month | 45,891.00 |
| EBITD - most recent fiscal year | 4,647.00 |
| EBITD - trailing 12 month | 4,654.00 |
| Earnings before taxes - most recent fiscal year | 3,900.00 |
| Earnings before taxes - trailing 12 month | 3,899.00 |
| Net Income available to common - most recent fiscal year | 3,108.00 |
| Net Income available to common - trailing 12 months | 3,093.00 |
| Earnings before taxes Normalized - most recent fiscal year | 4,637.00 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 2.43 |
| Net Profit Margin % - 1st historical fiscal year | 6.70% |
| Net Profit Margin % - trailing 12 month | 6.74% |
| Operating margin - 1st historical fiscal year | 8.18% |
| Operating margin - trailing 12 month | 8.19% |
| Pretax margin - trailing 12 month | 8.50% |
| Pretax margin - 1st historical fiscal year | 8.41% |
| Operating Margin - 5 year average | 10.86% |
| Pretax Margin - 5 year average | 11.24% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 10.43% |
| Free Operating Cash Flow/Revenue, TTM | 8.13% |
| Net Profit Margin - 5 year average | 9.52% |
| Return on average assets - most recent fiscal year | 8.30% |
| Return on average assets - trailing 12 month | 8.21% |
| Return on average equity - most recent fiscal year | 22.29% |
| Return on average equity - trailing 12 month | 21.56% |
| Return on average assets - 5 year average | 12.22% |
| Return on average equity - 5 year average | 32.68% |
| Net Income/employee - most recent fiscal year | 42,575.34 |
| Revenue/employee - most recent fiscal year | 635,589.04 |
| Revenue growth rate, 5 year | 0.82% |
| EPS growth rate, 5 year | -10.02% |
| Growth rate% - dividend, 3 year | 7.15% |
| Revenue/share (5 yr growth) | 2.51% |
| Growth rate% - Revenue, 3 year | -3.24% |
| Growth rate% - EPS, 3 year | -13.37% |
| Book value per share growth rate, 5 year | 4.37% |
| Capital Spending growth rate, 5 year | -0.32% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | -9.65% |
Financial forecast (USD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | 2029 | |||||
| Estimate breakdown | ||||||||
Financials (USD, millions)
| Period end: | MAY 22 | MAY 23 | MAY 24 | MAY 25 | MAY 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
Announcements are available for ASX-listed companies only.
We don’t currently own Nike, but we think it’s one of the more interesting large-cap consumer names on the radar — a global brand with extraordinary equity, trading at a point in its cycle where sentiment is washed out and earnings remain depressed.
We last covered Nike this time last year (here) with the stock trading ~$US76, following a weak quarterly and disappointing guidance for the year ahead. The shares ultimately fell into the low $50’s before consolidating in the $60’s. However, last week was a potential turning point as their ‘Win Now’ strategy shows signs of working. While the fact that sales dropped less than feared is not super bullish, this is a big ship to turn around, and incremental changes in trends are important.
Nike is a stock we’ve had on the radar for some time, with our last note saying ‘NKE reports quarterly earnings this time next month, and we’ll be looking for evidence of growth in revenue in the quarter, and guidance for back-half acceleration. If they deliver, we’ll take a more positive view towards this iconic brand – until then, we remain in wait-and-see mode’.
US indices continue to hover around all-time highs even as AI goliath Nvidia (NVDA US) experiences a rare pullback. Recent stock strength will be tested on Friday when they receive their inflation read with the personal consumption expenditures price index, an inflation measure the Federal Reserve watches closely.
Nike has been a stock we've been stalking for a while, and the price action is implying that a low may be in with support ~US$90, however, the catalyst for a bullish move up has been elusive to date.
In January, we added Nike Inc. to the Hitlist of the International Equities Portfolio, saying at the time that while we like Nike as a business and the risk/reward is improving, we need to see tangible evidence of improved growth rates before agreeing with the generally bullish rhetoric that was being written/spoken about at the time (read the view here). Importantly, NKE needed to show signs that the current downgrade cycle had ended and the early stages of a turnaround were gaining traction.
We do love the brand and know that buying high-quality stocks when they are on the nose can yield great returns, and if Nike can recapture historical growth in the mid-teens on a current PE of 28x, it looks ‘cheap’ for such a well-established global ikon. However, recent trends suggest this is not yet happening.
MM is mildly bullish Nike, looking for a turnaround to unfold
MM is now bullish NKE US ~$US71
MM is not tempted to buy the dip in NKE US at this stage
MM remains neutral on NKE US, awaiting quarterly earnings
MM is now in wait & see mode on NKE US, removing it from the Hitlist
MM is adding NKE US to our Hitlist for the International Equities Portfolio
Nike is the largest athletic footwear and apparel brand in the world. Footwear generates about two-thirds of its sales. Key performance footwear categories include basketball, running, and football (soccer). Its brands include Nike, Jordan(premium athletic footwear and clothing), NikeSkims (women's athleisure), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores (including about 5,500 in China), and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
JOIN NOW
Something went wrong. Please try again in a moment.
