Nine Entertainment Holdings (NEC) Stock Overview
Engages in the broadcasting and program production businesses across free to air television, video on demand, and metropolitan radio networks in Australia. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
NEC Community Fair Values
Create NarrativeSee what 38 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Nine Entertainment Co. Holdings Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.92 |
| 52 Week High | AU$1.90 |
| 52 Week Low | AU$0.83 |
| Beta | 0.85 |
| 1 Month Change | -5.15% |
| 3 Month Change | -1.60% |
| 1 Year Change | -42.86% |
| 3 Year Change | -52.58% |
| 5 Year Change | -69.23% |
| Change since IPO | -53.54% |
Recent News & Updates
Narrative Update • Jun 02
NEC: Special Meeting And Revised Outlook Will Shape Fairly Balanced Prospects
Analysts have adjusted their fair value estimate for Nine Entertainment Holdings from A$1.13 to A$0.97, citing updated assumptions around discount rates, revenue trends, profit margins and future P/E expectations. What's in the News Nine Entertainment Holdings has scheduled a special or extraordinary shareholders meeting for May 21, 2026, at 09:00 E.
Narrative Update • May 18
NEC: Future Returns Will Be Driven By Dividend Payouts And Earnings Repricing
Analysts have trimmed their price target for Nine Entertainment Holdings to A$1.99 from A$2.02, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Nine Entertainment Holdings has scheduled a special or extraordinary shareholders meeting for May 21, 2026, at the ground floor, 1 Denison Street, North Sydney, NSW 2060, Australia (Key Developments).
Narrative Update • May 03
NEC: Dividend And Meeting Outlook Will Support Future Upside Potential
Analysts have trimmed their price target for Nine Entertainment Holdings to A$1.36 from A$1.41. This reflects updated views on revenue growth assumptions, profit margins and future P/E expectations.Narrative Update • Apr 19
NEC: Upcoming Dividend And Meeting Will Support Fairly Positive Outlook
Analysts have reduced their price target for Nine Entertainment Holdings from A$1.20 to A$1.13, citing updated assumptions for revenue trends, profit margins and a lower forecast P/E multiple. What's in the News Nine Entertainment Holdings has scheduled a Special or Extraordinary Shareholders Meeting for May 21, 2026, at ground floor, 1 Denison Street, North Sydney, NSW 2060, Australia (Key Developments).Narrative Update • Apr 04
NEC: Future Returns Will Be Driven By Dividend Outlook And Earnings Repricing
Analysts have trimmed their price target for Nine Entertainment Holdings to A$2.02 from A$2.16, citing updated assumptions that include a lower discount rate, a move from a revenue decline to modest growth expectations, slightly lower profit margins, and a reduced future P/E multiple. What's in the News Nine Entertainment Co. Holdings Limited declared an ordinary dividend of A$0.045 per share for the six months ending 31 December 2025 (Key Developments).Recent updates
Narrative Update • Jun 02
NEC: Special Meeting And Revised Outlook Will Shape Fairly Balanced Prospects
Analysts have adjusted their fair value estimate for Nine Entertainment Holdings from A$1.13 to A$0.97, citing updated assumptions around discount rates, revenue trends, profit margins and future P/E expectations. What's in the News Nine Entertainment Holdings has scheduled a special or extraordinary shareholders meeting for May 21, 2026, at 09:00 E.Narrative Update • May 18
NEC: Future Returns Will Be Driven By Dividend Payouts And Earnings Repricing
Analysts have trimmed their price target for Nine Entertainment Holdings to A$1.99 from A$2.02, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Nine Entertainment Holdings has scheduled a special or extraordinary shareholders meeting for May 21, 2026, at the ground floor, 1 Denison Street, North Sydney, NSW 2060, Australia (Key Developments).Narrative Update • May 03
NEC: Dividend And Meeting Outlook Will Support Future Upside Potential
Analysts have trimmed their price target for Nine Entertainment Holdings to A$1.36 from A$1.41. This reflects updated views on revenue growth assumptions, profit margins and future P/E expectations.Narrative Update • Apr 19
NEC: Upcoming Dividend And Meeting Will Support Fairly Positive Outlook
Analysts have reduced their price target for Nine Entertainment Holdings from A$1.20 to A$1.13, citing updated assumptions for revenue trends, profit margins and a lower forecast P/E multiple. What's in the News Nine Entertainment Holdings has scheduled a Special or Extraordinary Shareholders Meeting for May 21, 2026, at ground floor, 1 Denison Street, North Sydney, NSW 2060, Australia (Key Developments).Narrative Update • Apr 04
NEC: Future Returns Will Be Driven By Dividend Outlook And Earnings Repricing
Analysts have trimmed their price target for Nine Entertainment Holdings to A$2.02 from A$2.16, citing updated assumptions that include a lower discount rate, a move from a revenue decline to modest growth expectations, slightly lower profit margins, and a reduced future P/E multiple. What's in the News Nine Entertainment Co. Holdings Limited declared an ordinary dividend of A$0.045 per share for the six months ending 31 December 2025 (Key Developments).Narrative Update • Mar 21
NEC: Dividend Outlook Will Support Future Upside At Current Pricing
Analysts have modestly adjusted their price targets on Nine Entertainment Holdings, reflecting updated assumptions for revenue growth, profit margins and the stock's forward P/E multiple, while maintaining a broadly similar fair value estimate of about A$1.41 per share. What's in the News Nine Entertainment Co. Holdings Limited declared an ordinary dividend of A$0.045 per share for the six months ending December 31, 2025 (Key Developments).Narrative Update • Mar 07
NEC: Radio Asset Sale And Dividend Outlook Will Support Future Upside
Analysts have trimmed their price target on Nine Entertainment Holdings to A$1.41 from A$1.45. This reflects updated assumptions around a lower discount rate, a smaller projected revenue decline, a higher profit margin, and a reduced future P/E multiple.Narrative Update • Feb 20
NEC: Future Returns Will Be Driven By Radio Asset Divestment
Analysts have lifted their fair value estimate for Nine Entertainment Holdings from A$2.08 to A$2.16, citing updated assumptions around discount rates, slightly softer revenue expectations, a modestly higher profit margin, and a small adjustment to future P/E multiples. What's in the News Nine Entertainment has accepted final submissions from potential purchasers for its audio division, including 2GB, 3AW, 4BC and 6PR, after keeping the expressions of interest window open an extra two weeks to accommodate late bids.Narrative Update • Feb 06
NEC: Radio Asset Review Will Support Future Upside Potential
Analysts have nudged their price target for Nine Entertainment Holdings higher, reflecting a fair value revision from A$1.44 to A$1.45. This change points to updated assumptions around a smaller forecast revenue decline, a slightly higher discount rate, and a modestly lower future P/E multiple and profit margin outlook.Analysis Article • Feb 02
What Does Nine Entertainment Co. Holdings Limited's (ASX:NEC) Share Price Indicate?
While Nine Entertainment Co. Holdings Limited ( ASX:NEC ) might not have the largest market cap around , it saw a...Narrative Update • Jan 23
NEC: Radio Asset Review And Modest Assumption Shifts Will Guide Fair Outlook
Analysts have trimmed their fair value estimate for Nine Entertainment Holdings from A$1.22 to A$1.20, reflecting slightly higher discount rate assumptions and modest tweaks to revenue contraction, profit margin and future P/E settings. What's in the News Nine Entertainment has accepted final submissions from potential purchasers for its audio division, including 2GB, 3AW, 4BC and 6PR, following an extended expression of interest window that ran past the initial end of November deadline (Key Developments).Narrative Update • Jan 08
NEC: Measured Bolt On Deal Strategy Will Shape Fairly Priced Outlook
Analysts have adjusted their fair value estimate for Nine Entertainment Holdings from A$1.20 to A$1.22 per share, reflecting updated assumptions around revenue contraction, profit margins and a higher future P/E multiple in their latest price target work. What's in the News Chief Executive Officer Matt Stanton has lowered expectations that Nine Entertainment will pursue a large scale, transformational transaction in the near term, signaling a more measured approach to deals.Narrative Update • Dec 21
NEC: Future Returns Will Be Driven By Selective Adjacent Acquisitions
Analysts have trimmed their price target for Nine Entertainment Holdings to AUD 2.08 from AUD 2.58, reflecting slightly weaker revenue growth expectations and a higher discount rate, partially offset by modestly improved margin and valuation assumptions. What's in the News CEO Matt Stanton has signalled that Nine will prioritise bolt on acquisitions in areas adjacent to its existing print and Channel 9 broadcast businesses, rather than pursuing a large scale transformational deal, focusing on assets that complement the current portfolio.Narrative Update • Dec 07
NEC: Targeted Media Acquisitions Will Support Future Upside Despite Radio Divestment Uncertainty
Analysts have modestly revised their price target on Nine Entertainment Holdings upward by AUD 0.00, reflecting slightly lower perceived risk and a marginally cheaper forward earnings multiple, while keeping assumptions for revenue growth and profit margins effectively unchanged. What's in the News CEO Matt Stanton signalled Nine will pursue targeted bolt on acquisitions using proceeds from the Domain real estate stake, focusing on adjacent businesses that complement its print and Channel 9 broadcast portfolio rather than large transformational deals (The Australian).Narrative Update • Nov 23
NEC: Share Rally Momentum Will Drive Future Gains Despite Television Headwinds
Analysts have revised their price target for Nine Entertainment Holdings downward from $1.56 to $1.44. This adjustment reflects increased caution on the company's television business, as well as tempered profit margin and growth outlooks.Narrative Update • Nov 08
NEC: Share Rally Momentum And Media Deals Will Support Future Upside
Analysts have reduced their price target for Nine Entertainment Holdings from A$1.65 to A$1.56. They cite a cautious outlook on television segment exposure and the recent share rally as key factors behind the updated valuation.Analysis Article • Oct 31
Nine Entertainment Holdings (ASX:NEC) Has A Somewhat Strained Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Sep 27
Digital Integration And Premium Content Will Redefine Media Future
The notable downward revision in Nine Entertainment Holdings’ consensus price target primarily reflects a significant drop in its future P/E ratio despite a modest improvement in net profit margin, resulting in a new fair value estimate of A$1.65. What's in the News Nine announced an annual dividend of AUD 0.0400 per share, and a fully franked special dividend of 49.0 cents per share, both payable to shareholders in late September.Analysis Article • Sep 02
Nine Entertainment Holdings (ASX:NEC) Has Announced That It Will Be Increasing Its Dividend To A$0.53
The board of Nine Entertainment Co. Holdings Limited ( ASX:NEC ) has announced that it will be paying its dividend of...Analysis Article • Aug 30
The Nine Entertainment Co. Holdings Limited (ASX:NEC) Analysts Have Been Trimming Their Sales Forecasts
Market forces rained on the parade of Nine Entertainment Co. Holdings Limited ( ASX:NEC ) shareholders today, when the...Narrative Update • Aug 29
Digital Integration And Premium Content Will Redefine Media Future
The reduction in revenue growth forecasts from -1.1% to -2.8% per annum indicates a more challenging outlook for Nine Entertainment Holdings, which has contributed to a lower consensus analyst price target, now decreased from A$1.98 to A$1.87. What's in the News Nine Entertainment is considering acquiring Southern Cross Austereo (SCA), Australia's largest radio broadcaster, as it looks to deploy proceeds from the $3 billion sale of Domain.Analysis Article • Aug 13
Investors Still Waiting For A Pull Back In Nine Entertainment Co. Holdings Limited (ASX:NEC)
When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 18x, you may consider...Analysis Article • Jun 01
Is Nine Entertainment Co. Holdings Limited (ASX:NEC) Potentially Undervalued?
Nine Entertainment Co. Holdings Limited ( ASX:NEC ), might not be a large cap stock, but it led the ASX gainers with a...Analysis Article • Apr 28
Here's Why Nine Entertainment Holdings (ASX:NEC) Has A Meaningful Debt Burden
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Apr 02
Here's What To Make Of Nine Entertainment Holdings' (ASX:NEC) Decelerating Rates Of Return
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...Analysis Article • Feb 21
Market Participants Recognise Nine Entertainment Co. Holdings Limited's (ASX:NEC) Earnings Pushing Shares 28% Higher
Nine Entertainment Co. Holdings Limited ( ASX:NEC ) shares have continued their recent momentum with a 28% gain in the...
New Narrative • Feb 17
Olympics Will Increase Stan's Subscriber Base And Engagement
Strategic investment in digital revenue streams and data enhancements positions Nine Entertainment for growth despite declining traditional media revenues.Analysis Article • Jan 27
Is Now The Time To Look At Buying Nine Entertainment Co. Holdings Limited (ASX:NEC)?
Nine Entertainment Co. Holdings Limited ( ASX:NEC ), is not the largest company out there, but it received a lot of...Analysis Article • Jan 07
Market Participants Recognise Nine Entertainment Co. Holdings Limited's (ASX:NEC) Earnings
There wouldn't be many who think Nine Entertainment Co. Holdings Limited's ( ASX:NEC ) price-to-earnings (or "P/E...Analysis Article • Oct 08
Should You Investigate Nine Entertainment Co. Holdings Limited (ASX:NEC) At AU$1.22?
Nine Entertainment Co. Holdings Limited ( ASX:NEC ), might not be a large cap stock, but it received a lot of attention...Analysis Article • Aug 30
Nine Entertainment Holdings (ASX:NEC) Has Announced A Dividend Of A$0.045
The board of Nine Entertainment Co. Holdings Limited ( ASX:NEC ) has announced that it will pay a dividend of A$0.045...Analysis Article • Aug 19
We Like These Underlying Return On Capital Trends At Nine Entertainment Holdings (ASX:NEC)
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Analysis Article • Aug 01
Investors Appear Satisfied With Nine Entertainment Co. Holdings Limited's (ASX:NEC) Prospects
With a price-to-earnings (or "P/E") ratio of 23.6x Nine Entertainment Co. Holdings Limited ( ASX:NEC ) may be sending...Analysis Article • Jun 13
Should You Think About Buying Nine Entertainment Co. Holdings Limited (ASX:NEC) Now?
Nine Entertainment Co. Holdings Limited ( ASX:NEC ), might not be a large cap stock, but it received a lot of attention...Analysis Article • Apr 11
Nine Entertainment Holdings (ASX:NEC) Is Experiencing Growth In Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Feb 24
Nine Entertainment Holdings' (ASX:NEC) Dividend Will Be Reduced To A$0.04
Nine Entertainment Co. Holdings Limited ( ASX:NEC ) is reducing its dividend from last year's comparable payment to...Analysis Article • Jan 18
What Is Nine Entertainment Co. Holdings Limited's (ASX:NEC) Share Price Doing?
Nine Entertainment Co. Holdings Limited ( ASX:NEC ), might not be a large cap stock, but it received a lot of attention...Analysis Article • Oct 24
Is Nine Entertainment Holdings (ASX:NEC) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Aug 28
Nine Entertainment Holdings (ASX:NEC) Is Paying Out Less In Dividends Than Last Year
Nine Entertainment Co. Holdings Limited's ( ASX:NEC ) dividend is being reduced from last year's payment covering the...Analysis Article • Aug 16
Does Nine Entertainment Holdings (ASX:NEC) Deserve A Spot On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Shareholder Returns
| NEC | AU Media | AU Market | |
|---|---|---|---|
| 7D | -3.7% | -4.4% | -1.2% |
| 1Y | -42.9% | -33.4% | 0.8% |
Return vs Industry: NEC underperformed the Australian Media industry which returned -33.4% over the past year.
Return vs Market: NEC underperformed the Australian Market which returned 0.8% over the past year.
Price Volatility
| NEC volatility | |
|---|---|
| NEC Average Weekly Movement | 4.0% |
| Media Industry Average Movement | 9.8% |
| Market Average Movement | 10.2% |
| 10% most volatile stocks in AU Market | 17.2% |
| 10% least volatile stocks in AU Market | 4.1% |
Stable Share Price: NEC has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: NEC's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1956 | n/a | Matt Stanton | www.nineforbrands.com.au |
Nine Entertainment Co. Holdings Limited engages in the broadcasting and program production businesses across free to air television, video on demand, and metropolitan radio networks in Australia. The company operates through Broadcasting, Publishing, Domain Group, and Stan segments. It offers television services under the brands, including 9Network, Channel 9, 9Gem, 9Go!, 9Life, and 9Rush; video on demand platform under 9Now brand; radio stations under 2GB, 3AW, 4BC, and 6PR brands; and publishes newspapers, news-inserted magazines, digital, and events, as well as nine.com.au, a site of news, lifestyle, sport, and entertainment content.
Nine Entertainment Co. Holdings Limited Fundamentals Summary
| NEC fundamental statistics | |
|---|---|
| Market cap | AU$1.46b |
| Earnings (TTM) | AU$145.58m |
| Revenue (TTM) | AU$2.64b |
10.0x
P/E Ratio0.6x
P/S RatioIs NEC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NEC income statement (TTM) | |
|---|---|
| Revenue | AU$2.64b |
| Cost of Revenue | AU$2.14b |
| Gross Profit | AU$508.35m |
| Other Expenses | AU$362.77m |
| Earnings | AU$145.58m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 26, 2026
| Earnings per share (EPS) | 0.092 |
| Gross Margin | 19.22% |
| Net Profit Margin | 5.50% |
| Debt/Equity Ratio | 0.04% |
How did NEC perform over the long term?
See historical performance and comparisonDividends
8.2%
Current Dividend Yield92%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/07 05:15 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nine Entertainment Co. Holdings Limited is covered by 16 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aryan Norozi | Barrenjoey Markets Pty Limited |
| Eric Choi | Barrenjoey Markets Pty Limited |
| Andrew Scott | CGS International |