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

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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

$1.12

12 Sep
2025

0.030

OPEN

$1.11

2.75%

HIGH

$1.15

19,485,599

LOW

$1.08

TARGET
$1.65 47.3% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 6.6 9.2 xxx
DPS (cps) xxx 56.5 6.3 xxx
EPS Growth xxx - 4.5% 39.5% xxx
DPS Growth xxx 100.0% - 88.9% xxx
PE Ratio xxx N/A 12.6 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx 861.3% 68.3% xxx

Dividend yield today if purchased 3 years ago: 27.70%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 49.13

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: 12/09 - ex-div 4.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

0.3

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

28/08/2025

3

Neutral

$1.25

11.61%

Excluding Domain, Nine Entertainment reported a decline in FY25 earnings (EBITDA) of -11% on the prior year, which was slightly better than Macquarie's forecast by 1% and consensus by 3%.

Sale proceeds from the Domain sale of $1.4bn net of tax are expected on August 27, with a $780m return to shareholders via a 49c special dividend per share with 70c franking credits, and a move to net cash of $88m expected at Dec 31, 2025, which offers investment options.

The analyst expects investment spend will concentrate on core digital assets like Stan, 9Now, and digital publishing but does not exclude M&A.

For FY26, Macquarie forecasts flat earnings and cuts its EPS estimates post the removal of Domain by -39% for FY26 and -35% for FY27.

Neutral rated with a $1.25 target price after the removal of research restrictions.

FORECAST
Macquarie forecasts a full year FY26 dividend of 5.50 cents and EPS of 8.30 cents.
Macquarie forecasts a full year FY27 dividend of 7.00 cents and EPS of 10.00 cents.

UBS

xx/xx/xxxx

-1

xx xxxxxx

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

Jarden

09/09/2025

2

Overweight

$1.85

65.18%

Jarden assesses Nine Entertainment's FY25 result as strong, with net profit before minorities 9% ahead of the consensus and beating its forecast by 16%.

The company is positive about the underlying momentum but is unsure about the ad market conditions. The broker is forecasting 1% EBITDA growth in 1H26, and -7% y/y decline in FY26 to $316m.

The broker removed Domain from estimates, resulting in a -21% cut to FY26 EPS forecast and a -16% cut to FY27 EPS estimate.

Overweight. Target rises to $1.85 from $1.80.

FORECAST
Jarden forecasts a full year FY26 dividend of 5.30 cents and EPS of 7.50 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
Rudi’s View: August Results; Standouts, Turnarounds, Failures & Misfits

Sep 10 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – Sep 09, 2025

Sep 09 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 29-08-25

Sep 01 2025 - Weekly Reports
4
Next Week At A Glance – 1-5 Sept 2025

Aug 29 2025 - Weekly Reports
5
FNArena Corporate Results Monitor – 28-08-2025

Aug 28 2025 - Australia

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