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NikeInc.xls

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NIKE Inc (NYS: NKE)

General Company Information

Principal Office

Website

One Bowerman Drive Beaverton, OR 97005-6453 USA

www.nike.com

Phone

Primary NAICS

503 671-6453

424340 : Footwear Merchant Wholesalers

Auditor

Closing Stock Price

PricewaterhouseCoopers LLP

87.16 (as of 03/01/2019)

Number of Employees

Incorporated

73,100 (Approximate Full-Time as of 05/31/2018)

1964.0

Country

Mergent Dividend Achiever

United States

Exchange and Ticker

Number of Shareholders

NYS : NKE

15 (class A), 22,271 (class B) (as of 07/20/2018)

Primary SIC

Annual Meeting

3021 : Rubber and plastics footwear

In September

Business Summary

NIKE is primarily engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. Co. sells its products through Co.-owned retail stores and digital platforms to retail accounts and a mix of

independent distributors, licensees and sales representatives in countries around the world. Co. focuses its NIKE Brand product offerings in six primary categories: Running, NIKE Basketball, the Jordan Brand, Football (Soccer), Training and Sportswear.

Co. also markets products designed for kids, as well as for other athletic and recreational uses such as American football, baseball, cricket, lacrosse, skateboarding, tennis and volleyball.

Company Details

Financial Highlights

Financial Highlights as of 05/31/2018 in USD

Income Statement

(In Thousands)

Total Revenue

3.6397E7

EBITDA

5126000.0

Operating Income

4379000.0

Net Income

1933000.0

Revenue per Share

22.41

EPS from Continuing Operations

1.17

EPS - Net Income - Diluted

1.17

Share Outstanding

1601000.0

Weighted Average Shares Outstanding - Basic

1623800.0

Weighted Average Shares Outstanding - Diluted

1659100.0

Earnings per Share - Basic

1.19

Balance Sheet

(In Thousands)

Total Assets

2.2536E7

Current Assets

1.5134E7

Total Liabilities

1.2724E7

Long Term Debt

3468000.0

Stockholders' Equity

9812000.0

Total Assets per Share

14.08

Current Liabilities

6040000.0

Net Assets per Share

6.13

Cash Flow Statement

(In Thousands)

Cash from Operations

4955000.0

Cash from Investing

276000.0

Cash from Financing

-4835000.0

Capital Expenditures

1028000.0

Cash Flow per Share

2.99

Cash & Cash Equivalents, Beginning of Year

3808000.0

Cash & Cash Equivalents, End of Year

4249000.0

Stock Price and Valuation (Data as of 03/01/2019)

Market Cap(mil)

109715.0

Share Outstanding(000's)

1258773.0

PE Ratio

66.5344

Dividend Per Share(TTM)

0.84

Earning Per Share(TTM)

1.36

Last Closing Price

87.16

Previous Trading Day Range

86.24 - 87.99

52 Week Range

64.12 - 87.16

7 Day Average Closing Price

85.8

30 Day Average Closing Price

84.04

200 Day Average Closing Price

78.58

Beta

0.96

High Price Last 3 Mos.

87.16

Low Price Last 3 Mos.

67.53

Avg Daily Volume Last 3 Mos.

7383620.77

Management Effectiveness

Revenue per Employee

497907.0

Net Income per Employee

26443.0

ROA % (Net)

8.44

ROE % (Net)

17.4

ROI % (Operating)

29.36

Profitability Ratios

Gross Margin

43.84

Operating Margin

12.03

EBITDA Margin %

14.08

Calculated Tax Rate %

55.31

Profit Margin (TTM)

5.31

Valuation Ratios

Price/Earnings (TTM)

60.34

Price/Book (TTM)

11.72

Price/Cash Flow(TTM)

23.53

Asset Management

Total Asset Turnover

1.59

Receivables Turnover

10.15

Inventory Turnover

3.96

Property Plant & Equip Turnover

8.62

Cash & Equivalents Turnover

9.03

Debt Management

Interest Coverage

81.09

Long Term Debt/Equity

0.35

Long Term Debt as % of Invested Capital

25.46

Total Debt/Equity

0.39

Accounts Payable Turnover

16.82

Accrued Expenses Turnover

11.59

Liquidity Indicators

Quick Ratio

1.45

Current Ratio

2.51

Net Current Assets as % of Total Assets

40.35

Free Cash Flow per Share

2.42

Revenue to Assets

1.62

Consensus Estimates

2019Ae

2019Q1e

2019Q2e

Earnings Per Share

2.65

0.63

0.81

Revenue

39233.55

9536.85

10364.4

EBITDA

5879.5

1457.0

1712.0

Long Term Debt

May 31, 2018, $3,474,000,000 (including current portion of $6,000,000) comprised of:

-- 01 -- $498,000,000 unsecured corporate bond payables, bearing interest at a rate of 2.25%, due May 1, 2023.

-- 02 -- $994,000,000 unsecured corporate bond payables, bearing interest at a rate of 2.38%, due Nov. 1, 2026.

-- 03 -- $495,000,000 unsecured corporate bond payables, bearing interest at a rate of 3.63%, due May 1, 2043.

-- 04 -- $982,000,000 unsecured corporate bond payable, bearing interest at a rate of 3.88%, due Nov. 1, 2045.

-- 05 -- $490,000,000 unsecured corporate bond payables, bearing interest at a rate of 3.38%, due Nov. 1, 2046.

-- 06 -- $10,000,000 Japanese Yen notes, bearing interest at a rate of 2.60%, due Nov. 20, 2020.

-- 07 -- $5,000,000 Japanese Yen notes, bearing interest at a rate of 2.00%, due Nov. 20, 2020.

Line of Credit: On Aug. 28, 2015, Co. entered into a committed credit facility agreement with a syndicate of banks which provides for up to $2,000,000,000 of borrowings. The facility matures Aug. 28, 2020, with a one year extension option prior to any

anniversary of the closing date, provided that in no event shall it extend beyond Aug. 28, 2022. Based on Co.'s long-term senior unsecured debt ratings of AA- and A1 from Standard and Poor's Corporation and Moody's Investor Services, respectively, the

interest rate charged on any outstanding borrowings would be the prevailing LIBOR plus 0.455%. Under this committed credit facility, Co. must maintain certain financial ratios, among other things, with which Co. was in compliance at May 31, 2018. No

amounts were outstanding under either committed credit facility as of May 31, 2018.

As of May 31, 2018, Co. had letters of credit outstanding totaling $165,000,000.

For details see below.

Expanded Long Term Debt

CUSIP

Issuer Name

Issue Description

Ticker

Coupon

Maturity

Active

653922AA2

NIKE INCORPORATED

MTN

NKE

6.51

06/16/2000

653922AB0

NIKE INCORPORATED

MTN

NKE

6.69

06/17/2002

654106AA1

NIKE INCORPORATED

NKE

6.375

12/01/2003

654106AB9

NIKE INCORPORATED

SR NT

NKE

5.5

08/15/2006

653922AC8

NIKE INCORPORATED

MTN

NKE

4.8

07/08/2007

653922AD6

NIKE INCORPORATED

MTN

NKE

5.375

07/08/2009

653922AE4

NIKE INCORPORATED

MTN

NKE

5.66

07/23/2012

653922AF1

NIKE INCORPORATED

MTN

NKE

5.4

08/07/2012

653922AG9

NIKE INCORPORATED

MTN

NKE

4.7

10/01/2013

653922AH7

NIKE INCORPORATED

MTN

NKE

5.15

10/15/2015

Capital Structure

Abbreviation

Description

Structure Type

Exchange

Ticker

Market Cap

CDT Cl A Com

Common

Cl B Com

Common

NYS

NKE

1.0971465468E11

Earnings Estimates

Broker Summary

Number of Analysts

28.0

Number of Buy Recommendations

1.0

Number of Hold Recommendations

0.0

Number of Sell Recommendations

0.0

Ratios and Statistics

EPS Long-Term Growth

15.0

Forward P/E

31.93

PEG

2.13

Average Target Price $88.24

Price Target Raised in the Past 4 Wks - 2 (DOWN) 0 (UP) 2

Price Target Lowered in the Past 4 Wks - 0

Consensus Estimates Summary

2016A

2017A

2018A

Q12019E

Q22019E

Q32019E

Q42019E

2019E

2020E

2021E

Earnings Per Share

2.16

2.51

2.39

2.65

3.15

3.68

Revenue

32376.0

34350.0

36397.0

39233.55

42271.24

45547.99

EBITDA

5164.0

5465.0

5219.0

5879.5

6771.0

7670.0

Pricing Information

Closing Price

As of 03/02/2019 : 87.16

Market Cap(mil)

109,715

52 Week Range

64.12 - 87.16

PE Ratio

66.5344

% Price Change (100 Days)

20.44

Supply Chain

Competitors by Products

Consumer > Consumer Products and Services > Apparel and Accessories > Accessories > Jewelry > Sunglasses and Prescription Frames

Products: NIKE

Name (Ticker)

Products

Zhejiang Weixing Industrial Development Co Ltd (002003-CN)

Zhejiang Weixing Industrial Development Co Ltd

Consumer > Consumer Products and Services > Apparel and Accessories > Apparel and Footwear > Apparel > Activewear/Outerwear

Products: Hurley, NIKE, NIKE - Jordan

Name (Ticker)

Products

Zhejiang Orient Holdings Co Ltd (600120-CN)

Zhejiang Orient Holdings Co Ltd

Consumer > Consumer Products and Services > Apparel and Accessories > Apparel and Footwear > Apparel > Casual Wear/Teen Wear

Products: Hurley, NIKE - Jordan

Name (Ticker)

Products

Zhejiang Semir Garment Co Ltd (002563-CN)

Semir, Zhejiang Semir Garment - MarColor/Minette/Sarabanda/Mongdodo/GSON/UTB/Chulfvean, Zhejiang Semir Garment - Marc O'Polo/It Michaa

Consumer > Consumer Products and Services > Apparel and Accessories > Apparel and Footwear > Apparel > Classic Wear/Golf Wear

Products: NIKE Golf

Name (Ticker)

Products

YAMATO INTERNATIONAL INC (8127-JP)

YAMATO INTERNATIONAL - crocodile sports

Consumer > Consumer Products and Services > Apparel and Accessories > Apparel and Footwear > Footwear > Athletic

Products: Converse, Hurley, NIKE, NIKE Golf, NIKE - Jordan

Name (Ticker)

Products

ZheJiang AoKang Shoes Co Ltd (603001-CN)

AoKang

Consumer > Consumer Products and Services > Apparel and Accessories > Apparel and Footwear > Footwear > Casual/Dress

Products: Converse, Hurley, NIKE, Converse - Chuck Taylor, Converse - All Star, Converse - One Star, Converse - Jack Purcell, Converse - Star Chevron

Name (Ticker)

Products

Zhejiang Semir Garment Co Ltd (002563-CN)

Balabala, Semir

Consumer > Consumer Products and Services > Leisure Goods > Sporting and Athletic Goods > Golf Equipment

Products: NIKE, NIKE Golf

Name (Ticker)

Products

Yonex KK (7906-JP)

Yonex

Consumer > Consumer Products and Services > Leisure Goods > Sporting and Athletic Goods > Team, Individual and Other Sports

Products: NIKE

Name (Ticker)

Products

Zhonglu Co Ltd (900915-CN)

Zhonglu - Forever, Zhonglu Co. Ltd.

Consumer > Retail > Apparel and Accessories > Footwear Stores

Products: NIKE Factory Store, Converse, Hurley

Name (Ticker)

Products

Zumiez Inc (ZUMZ)

Blue Tomato, Zumiez

Customers

No data found