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NIKE
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1. About NIKE
2. Analysis using financial statements
3. Price per share analysis
4. CAPM
5. Conclusion
INDEX
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Analyzing Nike
using financial statements
And Price per share
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1
About NIKE
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About NIKE
NIKE
1972. Started in America
“If you have a body, you are an athlete.”
Top global sports brand
160 countries / 33,000 employees
1986. started NIKE KOREA
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2
Analysis using
financial statements
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ROE and ROA of Nike Korea
ROE =
= = 55.43%
Total equity by 1% ↑, Net Income by 55.43%↑
ROA=
= = 27.34%
Total assets by 1% ↑, Net Income by 27.34%↑.
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ROE and ROA of Nike Korea
ROE
ROA
2007
53.20%
27.89%
2008
49.47%
26.52%
2009
33.84%
15.06%
2xxx
42.47%
21.91%
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ROE and ROA of Nike
ROE =
= …(생략)
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l Equity = 45,965,951 Total liability = 60,006,745
Total Assets = 105,972,696 Net Income = 621,000,000
Equity Multiplier = 2.3
Profit Margin = 7.69%
Total Asset Turnover = 0.76
ROE = Equity Multiplier × Profit Margin × Total Asset Turnover
= 2.3 × 7.69% × 0.76 = 13.51%
$
$
$
$
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3
Price per share
analysis
- E
EPS
P/E
Payout ratio
PBR
PER
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E (market value of equity) of Nike
E = # of outstanding shares × price per share
= 463,670,000 × 94.38= 43,761,174,600
(2xxx/11/4)
$
$
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EPS (Earning Per Share) of Nike
- How much profit is generated per 1 share
- The higher EPS rises, the better investment value of stock increases.
EPS= = 4.79
★ EPS of Nike get by Yahoo finance is 4.61
but when we calculate EPS of Nike, we can get 4.79
+) EPS of Adidas is 2.97. It is lower than EPS of Nike(4.61).
$
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P/E of Nike
P/E =
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