NAAS
NaaS Technology Inc.
There isn't enough reported data to score NAAS yet.
NKE
NIKE, Inc.
NKE's fundamentals are mixed, but it looks cheap: trading at 18x earnings, below its usual 33x. Analysts expect earnings to hold roughly steady, though they disagree widely on how much.
NAAS Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Under pressure | |
| Stable | |
| Strong |
NAAS's balance sheet is currently strong, and its cash flow is stable, but its revenue and profitability are under pressure.
NKE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Strong |
NKE's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
NAAS PE Valuation
NAAS has no meaningful PE right now: it lost money over the past year.
NKE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 18x | $37.76 | — |
| Cheap | 23x | $47.70 | +26% |
| Forward | 30x | $37.76 | — |
| Fair | 33x | $68.16 | +80% |
| Expensive | 47x | $97.86 | +159% |
Historical ranges are pointers, not guarantees.
NKE's PE is in its cheap range at 18x. On analysts' estimates for next year's earnings, today's price would be 30x, in its fair range.
NAAS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect NAAS's revenue to grow, but its earnings to decline.
NKE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Decline | |
| Improving | |
| Moderate | |
| Low |
Analysts expect NKE's profitability to improve, but its revenue to decline. However, they disagree widely on these estimates.
NAAS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2024 | -$165.87 | +$103.06 |
| Q3 2024 | -$165.87 | +$34.63 |
| Q2 2024 | -$241.36 | -$93.69 |
| Q1 2024 | -$289.63 | -$63.92 |
| Q4 2023 | -$268.93 | -$37.22 |
| Q3 2023 | -$200.50 | +$24.01 |
| Q2 2023 | -$147.67 | +$73.23 |
| Q1 2023 | -$225.71 | -$109.25 |
NKE has the stronger earnings trend. Trailing diluted EPS is down 162% for NAAS versus NKE up 7.2%.
NKE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.27 | -39% |
| Q3 2026 | $2.09 | +7.2% |
| Q2 2026 | $2.10 | -2.8% |
| Q1 2026 | $1.51 | -50% |
| Q4 2025 | $1.70 | -48% |
| Q3 2025 | $1.95 | -44% |
| Q2 2025 | $2.16 | -42% |
| Q1 2025 | $3.01 | -11% |
| Q4 2024 | $3.24 | -5.3% |
NKE's earnings per share have fallen from their peak: $2.09 over the past year, against $3.82 in late 2021.
NAAS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.4M | -32% |
| Q1 2026 | $3.4M | -32% |
| Q4 2025 | $4.4M | -35% |
| Q3 2025 | $4.4M | -34% |
| Q2 2025 | $5M | -64% |
| Q1 2025 | $5M | -65% |
| Q4 2024 | $6.8M | -30% |
| Q3 2024 | $6.7M | -55% |
NAAS's revenue has slid since its 2019 peak: $3M last quarter, down 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 64% | +122 points |
| Q1 2026 | 64% | +122 points |
| Q4 2025 | -387% | +675 points |
| Q3 2025 | -387% | -274 points |
| Q2 2025 | -59% | +33 points |
| Q1 2025 | -59% | +135 points |
| Q4 2024 | -1062% | -462 points |
| Q3 2024 | -113% | +133 points |
NAAS has the edge over NKE on profitability, with a higher operating margin.
NKE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11.2B | -4.3% |
| Q2 2026 | $11B | -1.1% |
| Q1 2026 | $11.3B | +0.1% |
| Q4 2025 | $12.4B | +0.6% |
| Q3 2025 | $11.7B | +1.1% |
| Q2 2025 | $11.1B | -12% |
| Q1 2025 | $11.3B | -9.3% |
| Q4 2024 | $12.4B | -7.7% |
NKE has the edge over NAAS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.2% | +0.3 points |
| Q2 2026 | 12% | +9.2 points |
| Q1 2026 | 5.8% | -1.7 points |
| Q4 2025 | 8% | -3.4 points |
| Q3 2025 | 7.9% | -3.4 points |
| Q2 2025 | 2.9% | -11 points |
| Q1 2025 | 7.5% | -3.8 points |
| Q4 2024 | 11% | -2.9 points |
NKE's operating margin was 8.2% last quarter, about level with the same quarter a year ago.
NAAS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
NAAS's free cash flow was $0 over the past year, against $0 the year before.
NKE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$64M | -527% |
| Q2 2026 | $1.5B | +313% |
| Q1 2026 | $284M | -83% |
| Q4 2025 | $386M | -58% |
| Q3 2025 | $15M | -95% |
| Q2 2025 | $363M | -85% |
| Q1 2025 | $1.7B | -11% |
| Q4 2024 | $920M | -65% |
NKE has the edge over NAAS on cash flow, with more consistent year-over-year improvement.
NAAS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -14.3K shares |
| 1 year | +7.8% | +60.2K shares |
| 3 years | +63% | +319K shares |
| 5 years | +2223% | +792K shares |
NAAS has 827,465 diluted shares, up 7.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NKE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +3.2M shares |
| 1 year | +0.4% | +5.2M shares |
| 3 years | -3.8% | -59.1M shares |
| 5 years | -8.4% | -135M shares |
| Available history | -6.9% | -110M shares |
NKE has the edge over NAAS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $20M |
| Q3 2025 | $126M |
| Q2 2025 | $199M |
| Q1 2025 | $506M |
| Q4 2024 | $1.1B |
NKE has spent almost nothing on buybacks in the past year.
NAAS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2021 | 0.2x | Very low |
| Q2 2021 | 4.5x | High |
| Q1 2021 | 19.7x | High |
| Q1 2020 | 3.0x | Elevated |
| Q4 2019 | 0.5x | Very low |
| Q3 2019 | 1.1x | Healthy |
NAAS's net debt is less than a year of its operating earnings (EBITDA).
NKE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.2x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | 0.2x | Very low |
| Q3 2024 | 0.1x | Very low |
| Q2 2024 | -0.1x | Net Cash |
| Q1 2024 | -0.0x | Very low |
| Q4 2023 | 0.1x | Very low |
NKE's net debt is less than a year of its operating earnings (EBITDA).
NAAS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 28.9 | Oversold |
| Stochastic | 21.2 | Neutral |
NAAS's weekly RSI is 29 (oversold) and its Stochastic is 21 (neutral).
NKE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.0 | Neutral |
| Stochastic | 57.5 | Neutral |
NKE's weekly RSI is 40 (neutral) and its Stochastic is 58 (neutral).
NAAS PE vs Consumer Cyclical Sector
NAAS has no meaningful PE right now: it lost money over the past year.
NKE PE vs Consumer Cyclical Sector
| Metric | NKE | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 18x | 0.3% above |
| PE % | 2 | 47 | 45 pts below |
NKE is trading at 18x earnings, in line with the Consumer Cyclical sector's median of 18x.
NAAS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.64 | 34% below |
| 20 week MA | $2.98 | 42% below |
| 50 week MA | $2.87 | 40% below |
| 100 week MA | $6.46 | 73% below |
| 200 week MA | $478.7 | 100% below |
NAAS is in a downtrend: it's below all five of its weekly moving averages, and 100% below its 200-week average.
NKE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.7 | 2.8% above |
| 20 week MA | $39.2 | 3.6% below |
| 50 week MA | $48.0 | 21% below |
| 100 week MA | $58.4 | 35% below |
| 200 week MA | $79.2 | 52% below |
NKE has the edge over NAAS on trend strength, trading above more of its moving averages.
NAAS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $6,480.0 | $4,240.0 | -35% |
| 2022 | $4,240.0 | $1,206.4 | -72% |
| 2023 | $1,206.4 | $486.4 | -60% |
| 2024 | $486.4 | $32.6 | -93% |
| 2025 | $32.6 | $3.50 | -89% |
| 2026 YTD | $3.50 | $1.73 | -51% |
NAAS has finished every year since 2021 lower, and it's down 51% so far in 2026.
NKE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.6 | $141.6 | +39% |
| 2021 | $141.6 | $165.7 | +17% |
| 2022 | $165.7 | $116.3 | -30% |
| 2023 | $116.3 | $108.6 | -6.6% |
| 2024 | $108.6 | $76.4 | -30% |
| 2025 | $76.4 | $60.9 | -20% |
| 2026 YTD | $60.9 | $37.8 | -38% |
NKE has the edge over NAAS on returns for 2026, with the stronger performance.