Nine Entertainment Co. Holdings Limited engages in the broadcasting and program production businesses across free to air television and metropolitan radio networks in Australia. More Details
Adequate balance sheet with moderate growth potential.
Share Price & News
How has Nine Entertainment Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NEC is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: NEC's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: NEC exceeded the Australian Media industry which returned 121.3% over the past year.
Return vs Market: NEC exceeded the Australian Market which returned 33.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Nine Entertainment Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StIs Nine Entertainment Holdings (ASX:NEC) A Risky Investment?
2 weeks ago | Simply Wall StWhen Should You Buy Nine Entertainment Co. Holdings Limited (ASX:NEC)?
1 month ago | Simply Wall StNeed To Know: Nine Entertainment Co. Holdings Limited (ASX:NEC) Insiders Have Been Buying Shares
Is Nine Entertainment Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NEC (A$2.9) is trading below our estimate of fair value (A$3.25)
Significantly Below Fair Value: NEC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NEC is unprofitable, so we can't compare its PE Ratio to the AU Media industry average.
PE vs Market: NEC is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NEC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NEC is overvalued based on its PB Ratio (2.6x) compared to the AU Media industry average (1.8x).
How is Nine Entertainment Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NEC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: NEC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NEC's is expected to become profitable in the next 3 years.
Revenue vs Market: NEC's revenue (4.4% per year) is forecast to grow slower than the Australian market (5.1% per year).
High Growth Revenue: NEC's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NEC's Return on Equity is forecast to be low in 3 years time (14%).
How has Nine Entertainment Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NEC is currently unprofitable.
Growing Profit Margin: NEC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NEC is unprofitable, and losses have increased over the past 5 years at a rate of 3.4% per year.
Accelerating Growth: Unable to compare NEC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NEC is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-1.5%).
Return on Equity
High ROE: NEC has a negative Return on Equity (-21.07%), as it is currently unprofitable.
How is Nine Entertainment Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: NEC's short term assets (A$773.2M) exceed its short term liabilities (A$693.2M).
Long Term Liabilities: NEC's short term assets (A$773.2M) do not cover its long term liabilities (A$1.2B).
Debt to Equity History and Analysis
Debt Level: NEC's debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: NEC's debt to equity ratio has increased from 0.2% to 18.5% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NEC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NEC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 25.5% per year.
What is Nine Entertainment Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NEC's dividend (2.41%) is higher than the bottom 25% of dividend payers in the Australian market (2%).
High Dividend: NEC's dividend (2.41%) is low compared to the top 25% of dividend payers in the Australian market (5.28%).
Stability and Growth of Payments
Stable Dividend: NEC has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NEC's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: NEC is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: NEC's dividends in 3 years are forecast to be covered by earnings (75.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Michael Sneesby also known as Mike, serves as Managing Director and Chief Executive Officer at Nine Entertainment Co. Holdings Limited since April 1, 2021 and also serves as its Director since April 1,...
Experienced Management: NEC's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: NEC's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nine Entertainment Co. Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Nine Entertainment Co. Holdings Limited
- Ticker: NEC
- Exchange: ASX
- Founded: 1956
- Industry: Broadcasting
- Sector: Media
- Market Cap: AU$5.518b
- Shares outstanding: 1.70b
- Website: https://www.nineforbrands.com.au
Number of Employees
- Nine Entertainment Co. Holdings Limited
- 1 Denison Street
- Level 9
- North Sydney
- New South Wales
Nine Entertainment Co. Holdings Limited engages in the broadcasting and program production businesses across free to air television and metropolitan radio networks in Australia. It operates through Broadca...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/18 08:12|
|End of Day Share Price||2021/04/16 00:00|
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 here.