NEC Stock Overview
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.
Nine Entertainment Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$2.62|
|52 Week High||AU$3.16|
|52 Week Low||AU$2.32|
|1 Month Change||-6.76%|
|3 Month Change||-6.76%|
|1 Year Change||8.71%|
|3 Year Change||69.03%|
|5 Year Change||163.32%|
|Change since IPO||32.32%|
Recent News & Updates
Nine Entertainment Co. Holdings Limited's (ASX:NEC) Intrinsic Value Is Potentially 95% Above Its Share Price
In this article we are going to estimate the intrinsic value of Nine Entertainment Co. Holdings Limited ( ASX:NEC ) by...
Nine Entertainment Holdings (ASX:NEC) Has A Rock Solid Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
At AU$2.83, Is It Time To Put Nine Entertainment Co. Holdings Limited (ASX:NEC) On Your Watch List?
Nine Entertainment Co. Holdings Limited ( ASX:NEC ), is not the largest company out there, but it saw a double-digit...
|NEC||AU Media||AU Market|
Return vs Industry: NEC underperformed the Australian Media industry which returned 11.5% over the past year.
Return vs Market: NEC exceeded the Australian Market which returned 5.8% over the past year.
|NEC Average Weekly Movement||3.5%|
|Media Industry Average Movement||10.3%|
|Market Average Movement||8.6%|
|10% most volatile stocks in AU Market||15.4%|
|10% least volatile stocks in AU Market||3.7%|
Stable Share Price: NEC is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NEC's weekly volatility (3%) has been stable over the past year.
About the Company
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. It operates through Broadcasting, Digital and Publishing, Domain Group, and Stan segments. The company provides television services under the brands, including Channel 9, 9Gem, 9Go!, 9Life, and 9Rush; video on demand platform under 9Now brand; radio stations under 2GB, 3AW, 4BC, 6PR, 2UE, 4BH, 6GT, Magic1278 brands; and publishes newspapers, news-inserted magazines, and events, as well as nine.com.au, a site of news, lifestyle, sport, and entertainment content.
Nine Entertainment Holdings Fundamentals Summary
|NEC fundamental statistics|
Is NEC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NEC income statement (TTM)|
|Cost of Revenue||AU$1.79b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 23, 2022
|Earnings per share (EPS)||0.099|
|Net Profit Margin||7.23%|
How did NEC perform over the long term?See historical performance and comparison
4.0%Current Dividend Yield
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$2.62) is trading below our estimate of fair value (A$5.51)
Significantly Below Fair Value: NEC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NEC is poor value based on its PE Ratio (26.4x) compared to the Australian Media industry average (20.4x).
PE vs Market: NEC is poor value based on its PE Ratio (26.4x) compared to the Australian market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: NEC is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: NEC's PB Ratio (2.5x) is in line with the AU Media industry average.
How is Nine Entertainment Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NEC's forecast earnings growth (13.6% per year) is above the savings rate (1.9%).
Earnings vs Market: NEC's earnings (13.6% per year) are forecast to grow faster than the Australian market (10.9% per year).
High Growth Earnings: NEC's earnings are forecast to grow, but not significantly.
Revenue vs Market: NEC's revenue (4.7% per year) is forecast to grow slower than the Australian market (4.9% per year).
High Growth Revenue: NEC's revenue (4.7% 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 (16.6%).
How has Nine Entertainment Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NEC has a large one-off loss of A$94.6M impacting its June 30 2021 financial results.
Growing Profit Margin: NEC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NEC has become profitable over the past 5 years, growing earnings by -17.8% per year.
Accelerating Growth: NEC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NEC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (35.2%).
Return on Equity
High ROE: NEC's Return on Equity (9.4%) is considered low.
How is Nine Entertainment Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: NEC's short term assets (A$849.8M) exceed its short term liabilities (A$837.4M).
Long Term Liabilities: NEC's short term assets (A$849.8M) do not cover its long term liabilities (A$1.1B).
Debt to Equity History and Analysis
Debt Level: NEC's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: NEC's debt to equity ratio has increased from 15.2% to 21.5% over the past 5 years.
Debt Coverage: NEC's debt is well covered by operating cash flow (94.4%).
Interest Coverage: NEC's interest payments on its debt are well covered by EBIT (13.7x coverage).
What is Nine Entertainment Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NEC's dividend (4.01%) is higher than the bottom 25% of dividend payers in the Australian market (2.25%).
High Dividend: NEC's dividend (4.01%) is low compared to the top 25% of dividend payers in the Australian market (5.56%).
Stability and Growth of Payments
Stable Dividend: NEC has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NEC's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (105.7%), NEC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NEC's dividends in 3 years are forecast to be covered by earnings (69.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Michael John Sneesby, also known as Mike, serves as the Non-Executive and the Non-Independent Director at Domain Holdings Australia Limited since April 21, 2021. He serves as the Managing Director and...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD1.37M) is about average for companies of similar size in the Australian market ($USD1.71M).
Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.
Experienced Management: NEC's management team is considered experienced (2.2 years average tenure).
Experienced Board: NEC's board of directors are considered experienced (3.1 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 employee growth, exchange listings and data sources
- Name: Nine Entertainment Co. Holdings Limited
- Ticker: NEC
- Exchange: ASX
- Founded: 1956
- Industry: Broadcasting
- Sector: Media
- Implied Market Cap: AU$4.464b
- 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
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/24 15:50|
|End of Day Share Price||2022/01/24 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.