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

$0.885

25 Jun
2026

-0.015

OPEN

$0.91

-1.67%

HIGH

$0.91

3,825,779

LOW

$0.88

TARGET
$1.15 29.9% upside
OTHER COMPANIES IN THE SAME SECTOR
A1N . GTN . NWS . SKT . SXL .
FNARENA'S MARKET CONSENSUS FORECASTS
NEC: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx - 21.7 9.3 xxx
DPS (cps) xxx 7.5 7.2 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 86.7% - 4.4% xxx
PE Ratio xxx N/A 8.6 xxx
Dividend Yield xxx N/A 8.9% xxx
Div Pay Ratio(%) xxx N/A 76.9% xxx

Dividend yield today if purchased 3 years ago: 3.73%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 9.32

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: 10/09 - (franking ex-div 3.00c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-21.7
DPS All xxxxxxxxxxxxxxx7.5
Sales/Revenue xxxxxxxxxxxxxxx2,189.1 M
Book Value Per Share xxxxxxxxxxxxxxx74.6
Net Operating Cash Flow xxxxxxxxxxxxxxx162.2 M
Net Profit Margin xxxxxxxxxxxxxxx-15.48 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-24.60 %
Return on Invested Capital xxxxxxxxxxxxxxx-13.04 %
Return on Assets xxxxxxxxxxxxxxx-8.88 %
Return on Equity xxxxxxxxxxxxxxx-24.60 %
Return on Total Capital xxxxxxxxxxxxxxx7.28 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-781.1 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx141 M
Long Term Debt xxxxxxxxxxxxxxx1,529 M
Total Debt xxxxxxxxxxxxxxx1,670 M
Goodwill - Gross xxxxxxxxxxxxxxx2,410 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx92 M
Price To Book Value xxxxxxxxxxxxxxx1.19

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx126.6 M
Capex % of Sales xxxxxxxxxxxxxxx5.79 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,961 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx20 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx26 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%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

16/06/2026

3

Neutral

$1.00

12.99%

Following Nine Entertainment's investor day, UBS remains positive on the longer-term opportunities from combining Nine and QMS (out-of-home advertising).

The broker expects modest market share gains from FY27 as these initiatives are rolled out, leading to slight upgrades to FY27-28 revenue and EBITDA forecasts.

Management highlighted softer advertising conditions during 3Q26, although trading has improved over the 4Q and June to date.

The broker remains cautious on the broader advertising market, against a backdrop of economic uncertainty, weak business confidence and the potential impact of further interest rate increases on consumer demand.

No change in Neutral rating. Target price rises to $1 from 97c with EPS forecasts tweaked lower for FY26 and up for FY27.

FORECAST
UBS forecasts a full year FY26 dividend of 6.00 cents and EPS of 9.00 cents.
UBS forecasts a full year FY27 dividend of 7.00 cents and EPS of 10.00 cents.

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
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

07/05/2026

1

Upgrade to Buy from Overweight

$1.15

29.94%

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

Latest Print, Radio & TV News

1
Content Investment Key To Nine Entertainment

Aug 30 2021 - Australia
2
Heightened Interest In News Corp Buybacks

Aug 09 2021 - Australia
3
Nine Entertainment’s Digital Deal Welcomed

Jun 02 2021 - Australia
4
Radio Recovery Lights Up Southern Cross Media

Mar 04 2021 - Australia
5
The Short Report – 09 Jul 2020

Jul 09 2020 - Weekly Reports
6
Radio Advertising Market Pivotal For HT&E

Aug 16 2019 - Small Caps
7
Domain Is The Prize In Nine-Fairfax Merger

Jul 27 2018 - Australia
8
Domain The Main Game For Fairfax

Jul 04 2017 - Australia
9
The Short Report

Nov 24 2016 - Weekly Reports
10
The Short Report

Jul 21 2016 - Australia