Stock Analysis on Net
Stock Analysis on Net

Nike Inc. (NYSE:NKE)

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Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

Nike Inc., FCFE calculation

US$ in millions

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12 months ended: May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016
Net income
Net noncash charges
Changes in certain working capital components and other assets and liabilities
Cash provided by operations
Additions to property, plant and equipment
Proceeds from borrowings, net of debt issuance costs
Increase (decrease) in notes payable, net
Repayment of borrowings
Free cash flow to equity (FCFE)

Based on: 10-K (filing date: 2021-07-20), 10-K (filing date: 2020-07-24), 10-K (filing date: 2019-07-23), 10-K (filing date: 2018-07-25), 10-K (filing date: 2017-07-20), 10-K (filing date: 2016-07-21).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Nike Inc.’s equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Nike Inc.’s FCFE increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.

Price to FCFE Ratio, Current

Nike Inc., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)
FCFE per share
Current share price (P)
Valuation Ratio
P/FCFE
Benchmarks
P/FCFE, Industry
Consumer Discretionary

Based on: 10-K (filing date: 2021-07-20).

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.


Price to FCFE Ratio, Historical

Nike Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016
No. shares of common stock outstanding1
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2
FCFE per share3
Share price1, 4
Valuation Ratio
P/FCFE5
Benchmarks
P/FCFE, Industry
Consumer Discretionary

Based on: 10-K (filing date: 2021-07-20), 10-K (filing date: 2020-07-24), 10-K (filing date: 2019-07-23), 10-K (filing date: 2018-07-25), 10-K (filing date: 2017-07-20), 10-K (filing date: 2016-07-21).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2021 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =

4 Closing price as at the filing date of Nike Inc.’s Annual Report.

5 2021 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Nike Inc.’s P/FCFE ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.