Skip to Content

Nine Entertainment Co. Holdings Ltd NEC Stock Quote

| Rating as of

Morningstar‘s Stock Analysis NEC

Valuation
Currency in AUD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Upgrading Nine Entertainment's Fair Value Estimate

Brian Han Director

Business Strategy and Outlook

| Brian Han |

Amid COVID-19 uncertainties, we are impressed by Nine's progress on factors within its control. The balance sheet is strong, and advertising conditions are improving from the dark days of COVID-19 impact. Critically, management is not letting a good crisis go to waste. It has cut significant costs in response to COVID-19. In addition, it has stepped up efforts on the three-year AUD 150 million structural cost-out initiative and is now targeting AUD 230 million by the end of fiscal 2024. It also struck news content supply deals with Facebook and Google in June 2021. It is a long-awaited finalisation, which puts a financial dimension to the compensation regime with the digital platform giants.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics NEC

Company Profile NEC

Business Description

Nine Entertainment operates Nine Network, a free-to-air television network spread across five capital cities, as well as in regional Northern New South Wales and Darwin. It also owns Australia's third-largest portfolio of online digital properties, one that reaches more than 60% of the country's active online audience. The merger with Fairfax combines Nine's top-ranked TV network and the second-largest newspaper group, topped with a collection of quality digital assets in Nine Digital, subscription video on demand operator Stan, and Fairfax's 59%-owned Domain. It ensures the merged entity remains relevant in the eyes of audiences and advertisers.

Contact
1 Denison Street, Level 9
Sydney, NSW, 2060, Australia
T +61 299069999
Industry Entertainment
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees