SKY NETWORK TELEVISION LIMITED (SKT)
Share Price Analysis and Chart

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SKT

SKT - SKY NETWORK TELEVISION LIMITED

FNArena Sector : Print, Radio & TV
Year End: June
GICS Industry Group : Media
Debt/EBITDA: 0.65
Index:

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.65

21 Jul
2026

-0.100

OPEN

$2.74

-3.64%

HIGH

$2.75

4,602

LOW

$2.65

OTHER COMPANIES IN THE SAME SECTOR
A1N . GTN . NEC . NWS . SXL .
FNARENA'S MARKET CONSENSUS FORECASTS
SKT: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 24.8 xxx
DPS (cps) 25.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 10.8 xxx
Dividend Yield 9.6% xxx
Div Pay Ratio(%) 103.8% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 7.89%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.83

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: 12/03 - (franking ex-div 12.82c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx13.4
DPS All xxxxxxxxxxxxxxx23.6
Sales/Revenue xxxxxxxxxxxxxxx684.8 M
Book Value Per Share xxxxxxxxxxxxxxx294.4
Net Operating Cash Flow xxxxxxxxxxxxxxx109.6 M
Net Profit Margin xxxxxxxxxxxxxxx2.69 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx4.54 %
Return on Invested Capital xxxxxxxxxxxxxxx4.22 %
Return on Assets xxxxxxxxxxxxxxx2.96 %
Return on Equity xxxxxxxxxxxxxxx4.54 %
Return on Total Capital xxxxxxxxxxxxxxx4.80 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx67.6 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 xxxxxxxxxxxxxxx21 M
Long Term Debt xxxxxxxxxxxxxxx46 M
Total Debt xxxxxxxxxxxxxxx67 M
Goodwill - Gross xxxxxxxxxxxxxxx226 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx30 M
Price To Book Value xxxxxxxxxxxxxxx0.94

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx70.9 M
Capex % of Sales xxxxxxxxxxxxxxx10.36 %
Cost of Goods Sold xxxxxxxxxxxxxxx605 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx58 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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

02/03/2026

5

Underweight

-

-

SKY Network Television reported a solid 1H26 result, with revenue of NZ$414m up 8% and earnings (EBITDA )of NZ$78m up 29%, both ahead of Morgan Stanley’s expectations, and FY26 guidance reiterated at NZ$820–835m revenue and NZ$145–160m EBITDA.

The broker trims FY26E revenue to NZ$821m on weaker SkyBox and streaming subscriber trends and softer Sky Free advertising, but lifts EBITDA forecasts by 1–2% on tighter cost control and lower programming spend, increasing FY26–FY28 EPS forecasts slightly.

Despite improved execution and a commitment to at least a NZD30c FY26 dividend, Morgan Stanley remains cautious on structural headwinds from cord-cutting, DTC launches by global studios and sports rights inflation.

The stock is viewed as expensive on 12x FY26E P/E given flat medium-term earnings and ongoing competitive risk.

Underweight retained, with the target price raised to NZ$2.50 from NZ$2.29. Industry view: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 25.77 cents and EPS of 26.54 cents.
Morgan Stanley forecasts a full year FY27 dividend of 26.62 cents and EPS of 28.25 cents.
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

08/07/2026

3

Neutral

-

-

Jarden reduces its target price for SKY Network Television to NZ$3.26 from NZ$3.30, maintaining a Neutral rating.

The analyst integrates the Sky Free service into forecasts, noting the potential for an earnings boost in fiscal 2027 driven by synergy benefits and cost savings from rugby and HBO rights.

While acknowledging these near-term gains, the broker remains cautious regarding long-term structural pressures, including anticipated NRL rights inflation impacting FY28 and FY29 earnings.

The forecast dividend is lifted to NZ32.5c per share, with the potential for further special dividends noted.
Access Extra Coverage Research History >

SKT STOCK CHART

FNArena News on SKT

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Australian Broker Call *Extra* Edition – Jul 08, 2026

Jul 08 2026 - Daily Market Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 06-03-26

Mar 06 2026 - Weekly Reports
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Australian Broker Call *Extra* Edition – Mar 05, 2026

Mar 05 2026 - Daily Market Reports
4
FNArena Corporate Results Monitor – 02-03-2026

Mar 02 2026 - Australia
5
Australian Broker Call *Extra* Edition – Feb 19, 2026

Feb 19 2026 - Daily Market Reports

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