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Sports · 1 hour ago

Nike shares remain expensive despite 81% drop since 2021 high

Nike shares remain expensive despite 81% drop since 2021 high

Nike expects revenue and earnings to keep falling until 2028, with no clear recovery in sight. Its dividend yield is now 4.8%, but experts question if it can maintain its payments, given that distributions are no longer met by free cash flow. Despite an 81% fall from its 2021 peak, Nike still trades at an expensive 27 times its 2027 earnings forecast.

Reported by Seeking Alpha · How we write briefs

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