Equity Valuation of Nike Inc.

  • Tolga Seyfi (Student)

Student thesis: Master's Thesis


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 Award21 Oct 2021
Original languageEnglish
Awarding Institution
  • Universidade Católica Portuguesa
SupervisorAntónio Borges de Assunção (Supervisor)


  • Equity valuation
  • Relative valuation
  • DCF
  • Multiples
  • Nike Inc.
  • Sportswear and apparel industry


  • Mestrado em Finanças

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