NYSE · NKE
NIKE, Inc.
Consumer Cyclical · Apparel - Footwear & Accessories
$35.15▼ 0.71% ($0.25)at close
Pre-market$32.03▼ 8.88%4:15 AM ET
Market cap
Valuation
Cash-flow DCF
Verdict: expensive. Price above all scenarios.
The price needs 33.2% free cash flow growth a year for 5 years. Our scenarios assume −19.4–2.3%.
Its past 10 years averaged −12.7% a year.
Value per share
Base case
$3.73
Price used $35.15 is 9.4× this
USD · TTM ending May 31, 2026 · Price Oct 1, 8:00 PM UTC
FCFF uses the latest complete trailing statement window ending 2026-05-31; newer income or cash-flow periods are incomplete.
3 more notes
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
WACC weights and all equity-bridge balances use the 2026-08-31 balance sheet; the FCFF base is TTM ending 2026-05-31.
Free cash flow each value needs
Free cash flow today $1B. The price needs $5.2B by 2036. Base case: $629M. At its recent pace: $269M. Bear to Bull: $423M to $1.4B.
Free cash flow today $1B. The price needs $5.2B by 2036. Base case: $629M. At its recent pace: $269M. Bear to Bull: $423M to $1.4B.
Free cash flow in 2036
today $1B
+$4.6Bmore than the Base case · 8.3×
Value per share · Base case
$3.73
Price $35.15
9.4× this
- Stage 1 growth, yrs 1–5
- −12.7%
- Stage 2 growth, yrs 6–10
- 3.5%
- Discount rate
- 9.5%
FCFF uses the latest complete trailing statement window ending 2026-05-31; newer income or cash-flow periods are incomplete.
3 more notes
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
WACC weights and all equity-bridge balances use the 2026-08-31 balance sheet; the FCFF base is TTM ending 2026-05-31.
USD · TTM ending May 31, 2026 · Price Oct 1, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 49.23% over the last year. Revenue declined 1.18% over the trailing twelve months. Operating margin moved from 7.36% to 8.2%. Free cash flow declined 33.17% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 8.2%. A decisive move in revenue — currently down 1.18% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
NIKE, Inc., through its various subsidiaries, operates as a global enterprise focused on the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories for all ages and genders.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
33
Buy
31
Hold
7
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 1, 2026
Q1 FY27 · EPS est $0.44 · Revenue est $11.32B
View
Institutional Sentiment
NIKE, Inc. · NKE
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.