ARN MEDIA LIMITED (A1N)
Share Price Analysis and Chart

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A1N

A1N - ARN MEDIA LIMITED

FNArena Sector : Print, Radio & TV
Year End: December
GICS Industry Group : Media
Debt/EBITDA: 3.61
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.36

04 Mar
2026

0.015

OPEN

$0.36

4.35%

HIGH

$0.37

282,627

LOW

$0.35

TARGET
$0.373 3.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
GTN . NEC . NWS . SKT . SXL .
FNARENA'S MARKET CONSENSUS FORECASTS
A1N: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 1.6 3.4 xxx
DPS (cps) xxx 0.0 0.5 xxx
EPS Growth xxx 23.8% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 10.6 xxx
Dividend Yield xxx N/A 1.4% xxx
Div Pay Ratio(%) xxx N/A 14.7% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 04/09 - ex-div 1.20c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx1.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx285.2 M
Book Value Per Share xxxxxxxxxxxxxxx69.1
Net Operating Cash Flow xxxxxxxxxxxxxxx71.4 M
Net Profit Margin xxxxxxxxxxxxxxx1.72 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx2.08 %
Return on Invested Capital xxxxxxxxxxxxxxx0.97 %
Return on Assets xxxxxxxxxxxxxxx0.57 %
Return on Equity xxxxxxxxxxxxxxx2.08 %
Return on Total Capital xxxxxxxxxxxxxxx4.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx60.1 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx135 M
Total Debt xxxxxxxxxxxxxxx138 M
Goodwill - Gross xxxxxxxxxxxxxxx0 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx10 M
Price To Book Value xxxxxxxxxxxxxxx0.57

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx4.2 M
Capex % of Sales xxxxxxxxxxxxxxx1.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx186 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx76 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx42 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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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

27/02/2026

5

Underweight

$0.35

-2.78%

Morgan Stanley keeps an Underweight rating on ARN Media and lowers its price target to $0.35 from $0.40 (-13%), arguing the strategic reset under a new CEO is sensible but cannot offset radio’s structural decline.

The broker says consensus still looks too optimistic on the next 2–3 years, with time spent listening seen as falling and advertising budgets likely to follow audiences towards streaming.

The media company's market update showed 2025 revenue down by -10% to $285m and adjusted EBITDA -23% lower to $47.5m (both below expectations), net debt is reduced to $68m and the dividend is cut to zero.

Forecast EPS trimmed to 5.8c from 6.07c in 2026 and to 5.3c from 5.46c in 2027.

Commentary states the key swing factors are any cyclical ad recovery or metro share gains/cost-out delivery (and sale value for the Hong Kong outdoor asset) versus ongoing competitive pressure and faster audience erosion.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.80 cents.
Morgan Stanley forecasts a full year FY27 dividend of 0.00 cents and EPS of 5.30 cents.

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

03/09/2025

3

Downgrade to Hold from Buy

$0.50

38.89%

Canaccord Genuity describes ARN Media's 1H25 result as complicated, with the Hong Kong OOH (Cody Outdoor) business reclassified as discontinued (pending disposal) and the agency business Emotiv sold in May 2025.

The continuing Audio business materially underperformed peers, particularly in Metro and Regional Radio, despite digital growth. Revenue of $142.3m was down -7% y/y and missed the broker's forecast by -7%.

Gross margins improved and cost savings were substantial, but the broker trimmed FY25 EBITDA forecast by -14%. Revenue forecast was lowered by -7%.

Rating downgraded to Hold from Buy. Target cut to 50c from 95c.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 5.00 cents and EPS of 8.50 cents.
Access Extra Coverage Research History >

A1N STOCK CHART

FNArena News on A1N

1
Rudi’s View: A Season Of Large Cap Winners

Mar 04 2026 - Rudi's View
2
FNArena Corporate Results Monitor – 27-02-2026

Feb 27 2026 - Australia
3
Next Week At A Glance – 8-12 Dec 2025

Dec 05 2025 - Weekly Reports
4
Rudi’s View: August Results; Standouts, Turnarounds, Failures & Misfits

Sep 10 2025 - Rudi's View
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 05-09-25

Sep 05 2025 - Weekly Reports

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