Sunday, March 12, 2017

Nike annual report 2016

Front page of the annual 2016 report from Nike

This is the first time that I report on the development of Nike. They are running a broken year so this 2016 annual report is already half a year old but as you know I do not invest from quarter to quarter so it does not really matter that much.

To view the report in full please go here and to find out more about Nike you can visit this very, very old report from 2013 called analysis of Nike.

In the financial statement below I see a development that I very much enjoy seeing in companies. Each year the revenue is increase by around 5 to 10% and better yet the earnings are increasing with ever so slightly more 10 to 20%. They are growing, increasing their sales and they are in full control of their costs while doing so. It is in a way sad to admit that one sees this more frequently with American companies than with European.

Financial statement of Nike 2016

Conclusion: Based on the figures Nike is doing very well and there is not much to bring up on the matter. The have a share buy back program of which they have used around 1.2 billion out of 12 billion and those 1.2 billion were bought back at an average share price of 58.44 USD (current share price 56.34 USD). I see no reason to leave Nike and I will therefore remain as a shareholder.

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