2024-04-30 04:21:17 ET
Summary
- NIKE, Inc. has underperformed the market and is currently down over the last year, indicating it may be considered a value investment.
- NKE has a robust and growing library of footwear brands and exclusive agreements for athletic apparel with professional athletes and teams.
- The fundamentals suggest that NKE is still overvalued and should continue to underperform, with declining return on invested capital, declining returns on capital employed, and increases in costs.
- NKE may be trading at over a 40% premium based on earnings per share discounted cash flow model.
My Overall Investment Thesis
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NIKE: Still Overvalued After Poor Stock Performance