06 Dec 200 160 100 80 60 50 40 30
200 160
100 80 60 50 40 30
20
2-for-1
Percent shares traded
30 20 10
Target Price Range 2024 2025 2026
NIKE, INC. ‘B’ NYSE-NKE 136.64 40.8 64.524.0 1.84 0.8% TIMELINESS 3 Lowered 7/10/20 SAFETY 1 Raised 8/11/06 TECHNICAL 3 Lowered 4/16/21 BETA 1.15 (1.00 = Market)
18-Month Target Price Range Low-High Midpoint (% to Mid)
$91-$212 $152 (10%)
2024-26 PROJECTIONS Ann’l Total
Price Gain Return High 175 (+30%) 7% Low 145 (+5%) 3% Institutional Decisions
2Q2020 3Q2020 4Q2020 to Buy 964 889 1065 to Sell 766 864 839 Hld’s(000)100581010089231023772
High: 23.1 24.6 28.7 40.1 49.9 68.2 65.4 65.2 86.0 101.8 148.0 147.1 Low: 15.2 17.4 21.3 25.7 34.9 45.3 49.0 50.3 62.1 71.2 60.0 125.4
% TOT. RETURN 3/21 THIS VL ARITH.*
STOCK INDEX 1 yr. 62.0 99.7 3 yr. 106.1 51.6 5 yr. 128.6 100.0
CAPITAL STRUCTURE as of 2/28/21 Total Debt $9416 mill. Due in 5 Yrs $4500 mill. LT Debt $9412 mill. LT Interest $515 mill.
(44% of Capital)
Leases, Uncapitalized Annual rentals $553 mill. No Defined Benefit Pension Plan
Preferred Stock None Common Stock 1,579,967,074 shares Class A shares: 305,011,252 Class B shares: 1,274,955,822
MARKET CAP: $216 billion (Large Cap) CURRENT POSITION 2019 2020 2/28/21
($MILL.) Cash Assets 4663 8787 12528 Receivables 4272 2749 3669 Inventory (LIFO) 5622 7367 6693 Other 1968 1653 1810 Current Assets 16525 20556 24700 Accts Payable 2612 2248 2257 Debt Due 15 251 4 Other 5239 5785 6633 Current Liab. 7866 8284 8894
ANNUAL RATES Past Past Est’d ’18-’20 of change (per sh) 10 Yrs. 5 Yrs. to ’24-’26 Sales 9.5% 8.5% 10.0% ‘‘Cash Flow’’ 10.0% 7.5% 21.0% Earnings 9.5% 7.5% 24.0% Dividends 13.5% 13.0% 12.0% Book Value 2.5% -3.0% 11.0%
Fiscal Year Ends
Full Fiscal Year
QUARTERLY SALES ($ mill.) A Aug.31 Nov.30 Feb.28 May 31
2018 9070 8554 8984 9789 36397 2019 9948 9374 9611 10184 39117 2020 10660 10326 10104 6313 37403 2021 10594 11243 10357 11156 43350 2022 12325 12495 11650 12210 48680 Fiscal Year Ends
Full Fiscal Year
EARNINGS PER SHARE AB Aug.31 Nov.30 Feb.28 May 31
2018 .57 .46 .68 .69 2.40 2019 .67 .52 .68 .62 2.49 2020 .86 .70 .78 d.51 1.85 2021 .95 .78 .90 .52 3.15 2022 1.15 1.00 1.10 .70 3.95 Cal- Full
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