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

$2.05

22 Sep
2023

0.000

OPEN

$2.02

0.000

HIGH

$2.06

5,059,054

LOW

$2.02

TARGET
$2.347 14.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
GTN . NWS . PRT . SKT . SWM . SXL .
FNARENA'S MARKET CONSENSUS FORECASTS
NEC: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 10.9 14.0 xxx
DPS (cps) xxx 11.0 10.5 xxx
EPS Growth xxx - 37.6% 28.4% xxx
DPS Growth xxx - 21.4% - 4.5% xxx
PE Ratio xxx N/A 14.7 xxx
Dividend Yield xxx N/A 5.1% xxx
Div Pay Ratio(%) xxx 101.1% 75.2% xxx

Dividend yield today if purchased 3 years ago: 6.47%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.37

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: 08/09 - ex-div 5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

0.5

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

28/08/2023

1

Buy

$2.28

11.22%

The second half earnings from Nine Entertainment slightly missed UBS estimates primarily because of weaker digital and publishing. Stan margins were better than forecast. The broker remains constructive regarding the company's ability to maintain its dominant share of TV.

The company has indicated the start of FY24 is weak and the broker lowers FY24-26 estimates for EPS by around -19%. A Buy rating is reiterated as the stock is considered well-positioned relative to traditional media peers. Target is reduced to $2.28 from $2.50.

FORECAST
UBS forecasts a full year FY24 dividend of 11.00 cents and EPS of 14.00 cents.
UBS forecasts a full year FY25 dividend of 11.00 cents and EPS of 12.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

NEC STOCK CHART

FNArena News on NEC

1
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View
2
Australian Broker Call *Extra* Edition – Aug 30, 2023

Aug 30 2023 - Daily Market Reports
3
FNArena Corporate Results Monitor – 28-08-2023

Aug 28 2023 - Australia
4
Australian Broker Call *Extra* Edition – Aug 08, 2023

Aug 08 2023 - Daily Market Reports
5
Rudi’s View: ANZ Bank, APA, CSL, Pilbara Minerals, Suncorp & South32

Jul 05 2023 - Rudi's View

Latest Print, Radio & TV News

1
Content Investment Key To Nine Entertainment

Aug 30 2021 - Australia
2
Heightened Interest In News Corp Buybacks

Aug 09 2021 - Australia
3
Nine Entertainment’s Digital Deal Welcomed

Jun 02 2021 - Australia
4
Radio Recovery Lights Up Southern Cross Media

Mar 04 2021 - Australia
5
The Short Report – 09 Jul 2020

Jul 09 2020 - Weekly Reports
6
Radio Advertising Market Pivotal For HT&E

Aug 16 2019 - Small Caps
7
Domain Is The Prize In Nine-Fairfax Merger

Jul 27 2018 - Australia
8
Domain The Main Game For Fairfax

Jul 04 2017 - Australia
9
The Short Report

Nov 24 2016 - Weekly Reports
10
The Short Report

Jul 21 2016 - Australia