Nike Inc. is an American sportswear company that was founded in January 1964. The company has become
Question:
Nike Inc. is an American sportswear company that was founded in January 1964. The company has become the world's largest athletic apparel, footwear, and equipment company with revenues of 12.39 billion and 76,000 employees worldwide. Nike Inc. markets products under numerous brands such as Air Jordan, Nike Golf, Nike Pro, Air Force 1, Air Max, and Nike + to name a few. In 1980, Nike Inc. (symbol: NKE) became a publicly traded company which has a current stock price of $124.24 and dividend yield of 1.09%.
As of March 30, 23, Nike Inc. dividend data is as follows.
Price: $125.53
Market Capitalization: $192.55 Billion
52-week Range: $82.22 - 134.93
Revenue 2023: $12.39 Billion
EPS Estimate 3.46
Dividend Yield: 1.09 %
Annual dividend: $1.36
Ex-dividend date: 03/03/23
P/E ratio: 36.28
Complete Required Return on Nike Inc.'s stock using the Security Market Line (SML) method.
Table 1
The tabular representation of Nike Inc. ratios.
Variables | Values | Ratios | Values | |
LTD | $ 8,925,000,000 | 1 | Current Ratio | 2.73 |
Inventory | $ 8,905,000,000 | 2 | Quick Ratio | 1.79 |
Total Assets | $38,290,000,000 | 3 | Total Debt Ratio | 0.48 |
Total Liabilities | $23,760,000,000 | 4 | Inventory Turnover | 5.69 |
Current Assets | $26,040,000,000 | 5 | Total Asset Turnover | 1.32 |
Current Liabilities | $ 9,550,000,000 | 6 | Profit Margin | 10.82 |
Total Retained Earnings | $ 2,152,000,000 | 7 | Return on assets | 13.75 |
Common Stocks | $ 1,240,000,000 | 8 | Return on Equity | 35.98 |
Equity | $14,530,000,000 | 9 | Book to Market | 2.20 |
Number of Shares | $ 1,543,800,000 | 10 | Equity Multiplier Ratio | 2.64 |
Net Income | $ 5,480,000,000 | 11 | Price to Earnings | 36.28 |
Sales | $50,626,000,000 | |||
Share Holder Equity | $14,530,000,000 |
*The financial statements of Nike Inc. for February 2023 from where the above figures were derived is attached on the appendix section .
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw