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

Enter the company code or Name for stock analysis:

NEC

NEC - NINE ENTERTAINMENT CO. HOLDINGS LIMITED

FNArena Sector : Print, Radio & TV
Year End: June
GICS Industry Group : Media
Debt/EBITDA: 2.21
Index: 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

$0.955

06 May
2026

0.035

OPEN

$0.94

3.80%

HIGH

$0.96

4,170,412

LOW

$0.92

TARGET
$1.173 22.9% upside
OTHER COMPANIES IN THE SAME SECTOR
A1N . GTN . NWS . SKT . SXL .
FNARENA'S MARKET CONSENSUS FORECASTS
NEC: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 6.6 8.8 xxx
DPS (cps) xxx 56.5 6.6 xxx
EPS Growth xxx - 4.5% 34.1% xxx
DPS Growth xxx 100.0% - 88.4% xxx
PE Ratio xxx N/A 10.9 xxx
Dividend Yield xxx N/A 6.8% xxx
Div Pay Ratio(%) xxx 861.3% 74.6% xxx

Dividend yield today if purchased 3 years ago: 28.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 59.16

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: 11/09 - ex-div 4.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx6.6
DPS All xxxxxxxxxxxxxxx56.5
Sales/Revenue xxxxxxxxxxxxxxx2,676.5 M
Book Value Per Share xxxxxxxxxxxxxxx99.3
Net Operating Cash Flow xxxxxxxxxxxxxxx379.6 M
Net Profit Margin xxxxxxxxxxxxxxx3.88 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx6.58 %
Return on Invested Capital xxxxxxxxxxxxxxx4.14 %
Return on Assets xxxxxxxxxxxxxxx2.61 %
Return on Equity xxxxxxxxxxxxxxx6.58 %
Return on Total Capital xxxxxxxxxxxxxxx11.24 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx227.9 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 xxxxxxxxxxxxxxx145 M
Long Term Debt xxxxxxxxxxxxxxx914 M
Total Debt xxxxxxxxxxxxxxx1,059 M
Goodwill - Gross xxxxxxxxxxxxxxx2,590 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx142 M
Price To Book Value xxxxxxxxxxxxxxx1.64

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx135.0 M
Capex % of Sales xxxxxxxxxxxxxxx5.05 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,356 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx0 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx28 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

0.7

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

01/05/2026

3

Neutral

$0.97

1.57%

UBS updates its traditional media outlook, flagging softer advertising conditions driven by geopolitical tensions and the prospect of further rate hikes, with recent data indicating a slowdown in 2H26, particularly in metro free-to-air, down -11% y/y in March.

News Corp ((NWS)) is viewed as the most defensive exposure, supported by the strength of Dow Jones and REA Group ((REA)), while Nine Entertainment, Southern Cross Media ((SXL)) and ARN Media ((A1N)) remain more exposed to cyclical weakness and softer ad demand.

Nine Entertainment's target is lowered by -14% to 97c. Neutral rating reiterated. EPS estimates are cut by -19% for FY26 and -38% for FY27.

FORECAST
UBS forecasts a full year FY26 dividend of 6.60 cents and EPS of 9.40 cents.
UBS forecasts a full year FY27 dividend of 6.80 cents and EPS of 9.70 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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

Jarden

07/05/2026

1

Upgrade to Buy from Overweight

$1.15

20.42%

Jarden upgrades Nine Entertainment to a Buy rating from Overweight and lowers the target price to $1.15 from $1.30.

The broker lifts FY26 earnings per share forecasts to 8.8c from 7.9c after pulling forward the earnings contribution of the recently completed QMS acquisition into the final quarter.

This near-term earnings boost is offset by a soft fourth-quarter television advertising outlook and rising fuel prices inflating publishing distribution costs.

Outer year earnings estimates are trimmed slightly, reducing to 9.4c from 9.5c in FY27, while the target price reduction primarily reflects a higher risk-free rate assumption and conservative publishing valuations.

The upgrade is driven by "compelling valuation support", with the report noting potential un-priced upside from future licensing agreements under the News Media Bargaining Code.

FORECAST
Jarden forecasts a full year FY26 dividend of 6.60 cents and EPS of 8.80 cents.
Jarden forecasts a full year FY27 dividend of 6.60 cents and EPS of 9.40 cents.
Access Extra Coverage Research History >

NEC STOCK CHART

FNArena News on NEC

1
Australian Broker Call *Extra* Edition – May 07, 2026

10:59 AM - Daily Market Reports
2
Next Week At A Glance – 4-8 May 2026

May 01 2026 - Weekly Reports
3
Rudi’s View: Strategists Touting Opportunities

Apr 02 2026 - Rudi's View
4
Rudi’s View: Oil, Inflation, Growth & Stagflation

Mar 18 2026 - Rudi's View
5
Australian Broker Call *Extra* Edition – Mar 04, 2026

Mar 04 2026 - Daily Market Reports

Latest Print, Radio & TV News

1
Cash Flows Boost News Corp’s Outlook

Feb 14 2025 - Australia
2
FNArena Book Review: The Men Who Killed The News

Jan 21 2025 - Book Reviews
3
Content Investment Key To Nine Entertainment

Aug 30 2021 - Australia
4
Heightened Interest In News Corp Buybacks

Aug 09 2021 - Australia
5
Nine Entertainment’s Digital Deal Welcomed

Jun 02 2021 - Australia
6
Radio Recovery Lights Up Southern Cross Media

Mar 04 2021 - Australia
7
The Short Report – 09 Jul 2020

Jul 09 2020 - Weekly Reports
8
Radio Advertising Market Pivotal For HT&E

Aug 16 2019 - Small Caps
9
Domain Is The Prize In Nine-Fairfax Merger

Jul 27 2018 - Australia
10
Domain The Main Game For Fairfax

Jul 04 2017 - Australia