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

$1.06

26 Feb
2026

-0.005

OPEN

$1.07

-0.47%

HIGH

$1.08

5,444,438

LOW

$1.05

TARGET
$1.443 36.2% 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 10.9 xxx
Dividend Yield xxx N/A 6.6% xxx
Div Pay Ratio(%) xxx 861.3% 72.3% xxx

Dividend yield today if purchased 3 years ago: 29.05%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 53.55

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

4
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.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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UBS

25/02/2026

3

Neutral

$1.13

6.60%

Nine Entertainment beat UBS estimates in the first half amid a better-than-expected cost performance. The top line across both free to air and BVOD, affected by the Olympics in the prior corresponding period, drove a -17% revenue decline in total TV.

Heading to the second half the broker is constructive on this segment, with the business set to benefit from strong program line up.

Estimates for revenue and earnings are lowered by an average of -1-3% although net profit forecasts have been lifted because of the lower-than-expected interest expense and D&A. Neutral reiterated. Target is reduced to $1.13 from $1.22.

FORECAST
UBS forecasts a full year FY26 dividend of 8.00 cents and EPS of 12.00 cents.
UBS forecasts a full year FY27 dividend of 11.00 cents and EPS of 15.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$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

Jarden

05/02/2026

2

Overweight

$1.25

17.92%

Nine Entertainment is repositioning its portfolio through the $850m acquisition of QMS Media and divestment of radio and regional TV assets, Jarden notes. 

The broker assesses the decision as strategically sound, repositioning the company toward higher-growth digital assets, with digital expected to exceed 60% of revenue by FY27.

The QMS price is reasonable in the broker's view, with a forecast for over 10% pro forma EPS accretion by FY28, contingent on delivering $20m in cost synergies by FY29.

Leverage is set to rise before deleveraging through cash flow, though dividend risk remains in a material ad market downturn, the broker highlights.

Overweight rating and $1.25 target are unchanged.

FORECAST
Jarden forecasts a full year FY26 dividend of 5.20 cents and EPS of 7.50 cents.
Jarden forecasts a full year FY27 dividend of 6.30 cents and EPS of 9.00 cents.
Access Extra Coverage Research History >

NEC STOCK CHART

FNArena News on NEC

1
FNArena Corporate Results Monitor – 25-02-2026

Feb 25 2026 - Australia
2
Australian Broker Call *Extra* Edition – Feb 05, 2026

Feb 05 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Nov 17, 2025

Nov 17 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Oct 06, 2025

Oct 06 2025 - Daily Market Reports
5
Rudi’s View: August Results; Standouts, Turnarounds, Failures & Misfits

Sep 10 2025 - Rudi's View

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