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The company that I am using for the project is Nike.The
stock ticker for Nike is NKE. The industry that NIKE is most
famous for is its footwear. They also sell apparel,
equipment, and accessories. The company headquarters is
located in Beaverton Oregon. Bill Bowerman and Phil Knight
founded the company on January 25, 1964. John Donahue is
the current CEO. Nike currently has over 73,000 employees
and assets of over 37.4 Billion USD. The item I selected
from the balance sheet that caught my eye is the Notes
Payable piece. From May 31, 2021, to May 31, 2022, there
was a 400% change in this line. This seems to be a huge
change in a year's time.Nike uses two di7erent valuation
methods; a market multiple-based approach and a
discounted cash :ow (DCF) valuation.DCF is based on a
two-stage approach that discounts the company's expected
cash :ows using an estimate of the weighted average cost
of capital.
Nike has a great track record of performance in the >nancial
sector, especially over the long term. Stocks are not
undervalued and valuation levels are reasonable.Nike has
a clear overall respectable approach on marketing
merchandise. They are a leader on the competitive side and
are always looking to expand their customer base for their
merchandise.
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