This dissertation aims to estimate a fair share price for Nike Inc. as of 31st May 2021. Based on the valuation and share price, a final investment recommendation is provided. For the valuation of Nike Inc., two methods have been used: Discounted Cash Flow and Relative Valuation. In addition, the valuation is supported by a comprehensive macroeconomic, industry, company, and business strategy analysis. A sensitivity analysis was completed on the estimated share value, and a comparison with the equity report of UBS has been made. The target price obtained from the valuation is $162 per share, providing an 18.9% upside potential and indicating a buy recommendation.
|Date of Award||21 Oct 2021|
- Universidade Católica Portuguesa
|Supervisor||António Borges de Assunção (Supervisor)|
- Equity valuation
- Relative valuation
- Nike Inc.
- Sportswear and apparel industry