Nine Entertainment Co. Holdings Ltd NEC

Stock XASX Rating as of Oct 23, 2026

A$0.68 +0.02 (2.26%)

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As of Oct 23, 2026, 5:10:27 AM Delayed Price Closed

Company Report

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Nine Entertainment Reports an In-Line Fiscal 2026 Result

Brian Han Aug 26, 2026

Amid economic uncertainties, we are encouraged by Nine Entertainment's progress on factors within its control. The balance sheet is in good shape, even after the AUD 850 million acquisition of QMS Media. TV ratings, advertising market shares, and pricing are stronger than ever. Critically, management is still restructuring the cost base and improving operating efficiency, especially in TV, which is facing structural revenue pressures.

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Price vs Fair Value

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NEC is trading at a LOCK|M$^ premium.

Price

A$0.68

Oct 23, 2026

Fair Value

Jul 7, 2026

Uncertainty

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1-Star Price: x.!
5-Star Price: &.c
Economic Moat: LOCK|CHG
Capital Allocation: LOCK|Ky<bBT

Bulls Say, Bears Say

Bulls

Nine Entertainment commands a strong position in the Australian free-to-air television industry, with number-two ratings and revenue share positions.

Bears

Nine Entertainment's recent increase in ratings and revenue share has come at the expense of Ten Network. There is a risk of mean reversion as Ten Network recovers from its current all-time low position.

Trading Information

Previous Close Price: A$0.67
Day Range: A$0.67–0.68
52-Week Range: A$0.61–1.23
Bid/Ask: A$0.67 / A$0.68
Shares Outstanding: 1.59B
Market Cap: A$1.08B
Volume/Avg: 4M / 6M

Key Statistics

Price/Earnings (Normalized): 6.28
Price/Sales: 0.48
Dividend Yield (Trailing): 11.03%
Dividend Yield (Forward): 11.03%
Dividend Payment Schedule: Apr, Oct
Total Yield: 11.03%

Company Profile

Nine Entertainment is the largest media conglomerate in Australia. It operates Nine Network, a free-to-air TV network across five capital cities, as well as in some regional areas. It owns 9Now, a leading broadcast video-on-demand business. Its publishing business is the second-largest newspaper group in Australia with key mastheads such as Australian Financial Review, Sydney Morning Herald, and The Age. Nine also operates a leading domestic-owned subscription video-on-demand business in Australia called Stan, and a talk-based radio network. In March 2026, Nine completed the purchase of outdoor advertising entity QMS Media for AUD 850 million.

Sector: Communication Services
Industry: Entertainment
Stock Style Box: Small Value
Total Number of Employees: 5,254
Website: https://www.nineforbrands.com.au

Competitors

News Corp DR

NWS

Valuation

Metric	NEC	NWS
Price/Earnings (Normalized)	6.28	27.33
Price/Book Value	0.89	2.09
Price/Sales	0.48	2.00
Price/Cash Flow	6.54	13.03

Price/Earnings

NEC

NWS

Financial Strength

Metric	NEC	NWS
Quick Ratio	0.56	1.40
Current Ratio	1.39	1.62
Interest Coverage	−11.51	—

Quick Ratio

NEC

NWS

Profitability

Metric	NEC	NWS
Return on Assets (Normalized)	4.07%	4.27%
Return on Equity (Normalized)	9.70%	7.62%
Return on Invested Capital (Normalized)	5.34%	5.22%

Return on Assets

NEC

NWS

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