# NIKE CDR (CAD Hedged) (NKE.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Consumer Cyclical / Apparel & Luxury Goods. Price C$6.85, market value C$74.7 billion.

## Valuation
- **P/E (trailing): 19.0×** (5-yr avg 28.9×, 3-yr avg 28.9×). NIKE CDR (CAD Hedged) trades at 19.0× trailing earnings, well below its own five-year average of 28.9×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×.
- **Price / sales: 1.6×**. Each dollar of revenue is priced at 1.6×.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 16.8×**. Enterprise value is 16.8× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 2.8%** (5-yr avg 2.4%). Free cash flow equals 2.8% of the market value, in line with its five-year average of 2.4%.
- **Earnings yield: 5.3%**. The inverse of the P/E: 5.3% of the price is earned each year.

## Profitability
- **Gross margin: 43.1%**. NIKE CDR (CAD Hedged) keeps 43.1% of revenue after the direct cost of what it sells.
- **Operating margin: 8.2%**. 8.2% of revenue is left after running the business.
- **Net margin: 6.7%**. 6.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 20.9%**. 20.9% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 17.7%**. Return on all capital, debt included, is 17.7%: comfortably above what that capital costs.
- **Return on assets: 8.1%**. Each dollar of assets produces 8.1% of profit.

## Growth
- **Revenue growth (1 yr): 0.2%** (3-yr -3.2%/yr). Revenue grew 0.2% over the last year.
- **EPS growth (1 yr): -2.8%** (3-yr -13.4%/yr). Earnings per share fell 2.8%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -23.5%/yr**. Free cash flow has compounded at -23.5% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.74**. Debt is 0.74 times equity, moderate leverage.
- **Net debt / EBITDA: 0.4×**. It would take 0.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 1.96** (quick 1.36). Current assets cover the next year's liabilities 1.96 times.
- **Altman Z-score: 4.37**. A Z-score of 4.37 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. NIKE CDR (CAD Hedged) does not currently pay a dividend.

## Price and momentum
- **From 52-week high: -44.5%** (19.5% above the low). Trading 45% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 60**. An RSI of 60 is neutral.
- **Beta (1 yr): 0.55** (volatility 35%). Beta of 0.55 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NKE.TO · Page: https://foliofundamentals.com/stocks/nke.to

Not investment advice.