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
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

$2.04

08 Dec
2022

-0.040

OPEN

$2.06

-1.92%

HIGH

$2.07

7,764,593

LOW

$2.02

TARGET
$2.792 36.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
FXJ . NWS . PRT . SWM . SXL . TEN . GTN . HT1 . SKT .
FNARENA'S MARKET CONSENSUS FORECASTS
NEC: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 17.4 18.4 xxx
DPS (cps) xxx 14.0 12.4 xxx
EPS Growth xxx 75.5% 5.3% xxx
DPS Growth xxx 33.3% - 11.4% xxx
PE Ratio xxx N/A 11.1 xxx
Dividend Yield xxx N/A 6.1% xxx
Div Pay Ratio(%) xxx 80.3% 67.5% xxx

Dividend yield today if purchased 3 years ago: 7.69%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.86

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: 09/09 - ex-div 7c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx17.4
DPS All xxxxxxxxxxxxxxx14.0
Sales/Revenue xxxxxxxxxxxxxxx2,688.8 M
Book Value Per Share xxxxxxxxxxxxxxx110.5
Net Operating Cash Flow xxxxxxxxxxxxxxx487.2 M
Net Profit Margin xxxxxxxxxxxxxxx11.05 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx16.09 %
Return on Invested Capital xxxxxxxxxxxxxxx11.51 %
Return on Assets xxxxxxxxxxxxxxx7.38 %
Return on Equity xxxxxxxxxxxxxxx16.09 %
Return on Total Capital xxxxxxxxxxxxxxx18.50 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx255.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
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Sentiment Indicator

0.8

No. Of Recommendations

5
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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Credit Suisse

14/11/2022

1

Outperform

$3.15

54.41%

Nine Entertainment has extended its broadcast rights with Tennis Australia to include the broadcast of premium tennis from 2025-2029. Nine Entertainment will retain exclusive free to air and digital media rights to the Australian Open, and Australian team matches in the Davis Cup and Billie Jean King Cup.

Credit Suisse highlights the new deal has an average annual cost of $85m, a step up from current annual costs of $60m but lower than some prices speculated by the market. 

The Outperform rating is retained and the target price decreases to $3.15 from $3.20.

FORECAST
Credit Suisse forecasts a full year FY23 dividend of 14.00 cents and EPS of 18.98 cents.
Credit Suisse forecasts a full year FY24 dividend of 15.00 cents and EPS of 20.97 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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NEC STOCK CHART