NINE ENTERTAINMENT CO. HOLDINGS LIMITED (NEC)
Share Price Analysis and Chart

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NEC - NINE ENTERTAINMENT CO. HOLDINGS LIMITED

FNArena Sector : Print, Radio & TV
Year End: June
GICS Industry Group : Media
Debt/EBITDA: 1.72
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Nine Entertaiment is an Australian media company with holdings in radio, television, newspapers and digital media. Nine listed in 2013 and merged with Fairfax Media in 2018.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.56

15 Apr
2024

-0.040

OPEN

$1.60

-2.50%

HIGH

$1.61

6,374,282

LOW

$1.56

TARGET
$2.158 38.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1N . GTN . NWS . SKT . SWM . SXL .
FNARENA'S MARKET CONSENSUS FORECASTS
NEC: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 11.8 xxx
DPS (cps) xxx N/A 8.4 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 13.2 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx N/A 71.3% xxx

Dividend yield today if purchased 3 years ago: 3.79%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.07

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 08/03 - ex-div 4c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx10.9
DPS All xxxxxxxxxxxxxxx11.0
Sales/Revenue xxxxxxxxxxxxxxx2,694.6 M
Book Value Per Share xxxxxxxxxxxxxxx103.6
Net Operating Cash Flow xxxxxxxxxxxxxxx351.8 M
Net Profit Margin xxxxxxxxxxxxxxx6.75 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx10.21 %
Return on Invested Capital xxxxxxxxxxxxxxx7.01 %
Return on Assets xxxxxxxxxxxxxxx4.46 %
Return on Equity xxxxxxxxxxxxxxx10.21 %
Return on Total Capital xxxxxxxxxxxxxxx14.87 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx111.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx136 M
Long Term Debt xxxxxxxxxxxxxxx877 M
Total Debt xxxxxxxxxxxxxxx1,013 M
Goodwill - Gross xxxxxxxxxxxxxxx2,590 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx120 M
Price To Book Value xxxxxxxxxxxxxxx1.90

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx97.8 M
Capex % of Sales xxxxxxxxxxxxxxx3.63 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,262 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx38 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

23/02/2024

1

Overweight

$2.30

47.44%

The first half result from Nine Entertainment was not as bad as Morgan Stanley feared, while the second half outlook for TV advertising revenues remains poor.

The broker considers the business has the best combined portfolio of traditional and digital media assets but in order to create value other assets need to grow faster to offset the decline in free-to-air TV advertising.

The Overweight rating is maintained. Target is $2.30. Industry View: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 9.80 cents and EPS of 14.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 10.80 cents and EPS of 15.40 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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NEC STOCK CHART