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This report is part of a joint equity research
report on Nike, Inc. (hereinafter referred to as
"Nike"). It assesses Nike’s fair value amidst a
transforming market, considering growing
competition and shifting consumer behaviour.
As a leading sportswear company, Nike
leverages its strong brand to facilitate direct
consumer engagement. Nike's growth
strategy and continual return on capital are
reflected in the valuation, which applies a
discounted cash flow methodology. The
supplementary incorporation of the relative
valuation methodology, CCA, results in a
combined target share price of $93.01 for
December 31st
, 2024. Besides the anticipated
dividend is $1.34. This "HOLD"
recommendation indicates a modest upside
potential of 1.75% compared to the current
share price of $92.72, providing stability
thanks to Nike's robust brand presence and
effective management.
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Equity research Valuation Sportswear industry Financial forecast
