Motley Fool contributor Rick Munarriz is going with Nike in its battle with Under Armour, citing the bigger brand’s valuation and “reasonable 1.4 percent dividend.”

He observes:

“Under Armour trades at a steep 38 times this year’s projected earnings and a still beefy 31 times next year’s bottom-line estimate. Nike, on the other hand, can be had for just 18 times this fiscal year’s profitability and a mere 15 times next year’s target.

Under Armour deserves its premium. The company is earlier in its growth cycle, and it shows: It’s growing its revenue by 33% this year and 23% come 2012. Nike, on the other hand, is growing at less than half that rate.”

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