Nike Stock Performance Report

Topics: Generally Accepted Accounting Principles, Balance sheet, Financial ratios Pages: 13 (3198 words) Published: June 20, 2013
Nike Stock Performance
MSF 610

Jack Tarr
May, 30th 2013

General Company Information
• • • • • • • •
Incorporated in Oregon Address- One Bowerman Drive, Beaverton, OR Phone- (503) 671-6453 Listed on New York Stock Exchange Fiscal Year Ends May 31st Principal Activity- Design, Develop, and Sell High Quality Footware, Apparel, Equipment, and Accessories Largest Seller of Athletic Footware in the World Major Competitors Include: Puma, Under Armor, and Adidas

Competitor Information
• • • • • •
Adidas Group Incorporated in Germany Address- Adi-Dassler-Strabe 1, 91074 Herzogenaurach, Germany Phone- +49 9132 84 3296 Listed on the German Stock Exchange in Frankfurt, part of the DAX 30, which only includes the largest German companies Fiscal Year Ends December 31st

Stock Analysis
• According to Yahoo finance they give Nike a 2.3 on a scale of 1-5, 1 being buy and 5 being sell. This to me says that it is a steady stock, not going to be a big gainer, or a big loser, at least in the analyst opinion. They also predicting modest gains of about .75 this quarter and 2.66 for the year, slightly above last year’s performance of 2.37.

Stock Analysis (Continued)
12 Month Stock Comparison ( Chart from Yahoo Finance)

Stock Analysis (Continued)
Date 3/1/2013 2/1/2013 1/1/2013 12/3/2012 11/1/2012 10/1/2012 9/3/2012 8/1/2012 7/2/2012 6/1/2012 5/1/2012 4/2/2012 3/1/2012 Adidas Stock (Prices in Euros) Open High Low Close Volume Adj Close 69.85 70.96 69.7 70.54 1779800 70.54 68.66 72.64 66.51 69.8 926500 69.8 67.33 71.31 66.05 68.45 710200 68.45 67.62 69.26 66.53 67.33 550200 67.33 65.97 68.7 62.6 67.62 752200 67.62 64.26 68.37 63.9 65.73 810200 65.73 62.02 65.86 61.89 63.84 1041000 63.84 61.18 63.51 59 62.21 806100 62.21 56.26 62.05 55.44 61.11 1072000 61.11 59.9 60 54.75 56.46 1087300 56.46 63 64.3 58.38 60.19 944400 60.19 58.73 63.75 56.72 63 1018700 62.25 58.33 60.29 55.52 58.54 1114600 57.84 Nike Stock Date Open High Low Close Volume 3/1/2013 54.42 54.83 54.18 54.82 8053400 2/1/2013 54.46 55.9 53.5 54.46 3422600 1/2/2013 52.4 55.57 51.4 54.05 3771700 12/3/2012 97.66 106.23 50.59 51.6 4856600 11/1/2012 91.9 100.33 89.65 97.48 4800900 10/1/2012 94.91 98.1 90.32 91.38 4938200 9/4/2012 97.19 100.92 92.79 94.91 7364000 8/1/2012 93.51 99.29 91.04 97.36 4801500 7/2/2012 88.39 97.75 88.03 93.35 6926000 6/1/2012 106.29 109.91 85.1 87.78 10192000 5/1/2012 111.91 114.81 104.27 108.18 4904700 4/2/2012 108.42 112 105.93 111.87 4870700 3/1/2012 108.89 112.97 106.07 108.44 5454300 Adj Close 54.82 54.46 53.84 51.4 48.34 45.32 47.07 48.28 46.13 43.37 53.45 55.09 53.4

*Nike Stock Split, so Adj. Close numbers will be used for comparison

Stock Analysis (Continued)

• Nike’s stock performance remained fairly steady throughout the year. They did not really grow much, but also did not lose much at any point

• Adidas has shown steady growth in market prices throughout the past year

Balance Sheet Information
Current Assets (Numbers in Thousands) Nike Adidas (in Euros) Cash and Cash Equivalents 2,317,000 1,670,000 Short Term Investments 1,440,000 265,000 Net Receivables 3,554,000 1,688,000 Inventory 3,350,000 2,486,000 Other Current Assets 870,000 768,000 Total Current Assets 11,531,000 6,877,000 Current Liabilities Current Ratio 3,865,000 2.983441138 4,374,000 1.572245085

Balance Sheet Information (Continued)

The net intangible assets for Nike are 535,000. Adidas lists net intangible assets at 167,000 (Euros). The intangible assets include amortized assets: Patents-70,000 Trademarks-15,000, Other- 64,000, and unamortized assets: Trademarks- 386,000. Goodwill is included in the “other” category. Adidas does not list what their intangible assets are, their report is different than the 10k that we use in the United States, but it also appears that it would include patents, trademarks, and goodwill. Property, plants, and equipment for Nike totals 2,279,000. Adidas value for property, plants, and equipment is 1,095,000...
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