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

$0.995

04 Mar
2026

0.000

OPEN

$0.98

0.000

HIGH

$1.00

6,687,200

LOW

$0.97

TARGET
$1.265

-0.18 change from previous day

 27.1% 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 9.7 xxx
DPS (cps) xxx 56.5 7.0 xxx
EPS Growth xxx - 4.5% 48.4% xxx
DPS Growth xxx 100.0% - 87.6% xxx
PE Ratio xxx N/A 10.4 xxx
Dividend Yield xxx N/A 7.0% xxx
Div Pay Ratio(%) xxx 861.3% 72.3% xxx

Dividend yield today if purchased 3 years ago: 30.29%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 55.67

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

0.3

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%

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Macquarie

25/02/2026

-1

No Rating

-

Nine Entertainment's 1H26's continuing operations earnings (EBITDA) of $192m, rose 6% y/y, in line with guidance, while net profit after tax of $95m rose 30% y/y benefiting from discontinued businesses.

Macquarie states it is cautiously optimistic on ad market stabilisation, citing positive business confidence, though it expects the Total TV market to decline -7% in FY26 with structural pressures persisting, partly offset by momentum in Stan and publishing.

The broker now forecasts FY26 continuing operations earnings (EBITDA) of $310m, down -4% y/y, excluding radio and NBN and not yet including QMS.

EPS forecasts are cut by -1%/-10%/-7% for FY26/FY27/FY28, reflecting updated guidance and outlook assumptions.

Macquarie is under research restriction on Nine Entertainment. No rating or target price.

FORECAST
Macquarie forecasts a full year FY26 dividend of 6.00 cents and EPS of 8.30 cents.
Macquarie forecasts a full year FY27 dividend of 6.00 cents and EPS of 8.80 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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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

04/03/2026

2

Overweight

$1.30

30.65%

Nine Entertainment’s interim earnings (EBITDA) of $201m rose 4.5% on the prior year and came in 5% ahead of both Jarden's forecast and the consensus estimate,.

Television was the main driver, the analysts explain, where EBITDA of $98.9m beat expectations despite a -10% TV ad market. Stan delivered 24% EBITDA growth, though the broker observes subscriber growth is moderating.

Publishing disappointed with earnings of $78m missing the consensus forecast by -5%. The broker's FY26 earnings forecast is broadly unchanged, though the FY26 profit estimate rises 10% to $126m, below prior consensus on a cautious TV outlook.

Jarden raises its target price to $1.30 from $1.25 and retains a Buy rating.

FORECAST
Jarden forecasts a full year FY26 dividend of 6.00 cents and EPS of 7.90 cents.
Jarden forecasts a full year FY27 dividend of 6.70 cents and EPS of 9.50 cents.
Access Extra Coverage Research History >

NEC STOCK CHART

FNArena News on NEC

1
Australian Broker Call *Extra* Edition – Mar 04, 2026

Mar 04 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 25-02-2026

Feb 25 2026 - Australia
3
Australian Broker Call *Extra* Edition – Feb 05, 2026

Feb 05 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Nov 17, 2025

Nov 17 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Oct 06, 2025

Oct 06 2025 - 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