Nike – Fiscal 2017 Fourth Quarter and Full Year Results

Nike (NKE) reported fiscal 2017 fourth quarter and full year results yesterday. The company presented really good growth.

• Fourth quarter revenues up 5 percent to $8.7 billion; 7 percent growth on a currency-neutral basis*
• Fourth quarter diluted earnings per share increased 22 percent to $0.60
• Fiscal 2017 revenues up 6 percent to $34.4 billion; 8 percent growth on a currency-neutral basis*
• Fiscal 2017 diluted earnings per share increased 16 percent to $2.51

Nike closed at $53.17 yesterday. If I calculate with the newly reported diluted earnings per share, it has a 21.18 P/E ratio.

As I'm looking at these growth numbers, I'm seeing a wonderful company, so I happily hold my shares and collect my dividends.

Disclosure: Long Nike.

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• Nike - A Fairly Valued Share

Nike – A Fairly Valued Share

It's really hard to find a good investment at today's overvalued financial markets. The S&P 500 is at a 24.08 TTM P/E ratio, which is historicaly really high. Nike (NKE) has a TTM P/E 22.32, while it presented a really inpressive growth in the last ten years. Nike's revenues increased 8.03% annually in the last ten years. (CAGR, 2006-2016) At the same time frame, the EPS increased 12.59% and the annual dividend increased 15.44%.

As I'm looking at these growth numbers, I'm seeing a wonderful company, so I bought a few Nike shares last week. Nike has 1.35% dividend yield, which is really low, but I like it's growth prospects and I believe that my yield on cost will increase significantly in the next few years.