Nine Entertainment Co. Holdings Ltd (NEC) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Nine Entertainment Co. Holdings Ltd stock A$2.00, price A$0.67, upside +200.0%, quality 47 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range A$0.6200 – A$1.67 · fair‑value band A$0.9882 – A$3.58 · the A$0.6650 price screens below the A$2.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 3, 2026.
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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.
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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.
The company also provides mastheads under The Sydney Morning Herald, The Age, Brisbane Times, The Australian Financial Review and magzine, WA Today, Fin Magzine, Good Food, Good Weekend, Sunday Life, Traveller, Leisure and Life, AFR weekend, The Guide/Green Guide, Wide World Of Sports,9Honey, 9Travel, 9Travel Reviews, Domain Group, Drive, Fututre Women, The Sun-Herald, The Sunday Age, Drive, and Pedestrian group brands.
In addition, it offers real estate media and technology services. Nine Entertainment Co. Holdings Limited was founded in 1956 and is headquartered in North Sydney, Australia.
Stock analysis
Nine Entertainment Co. Holdings Ltd (NEC) currently trades at A$0.6650, while our model-based Fair Value estimate is A$2.00, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of A$7.65 per share, and 14 of the 14 models we run sit above the A$0.6650 price.
Bear case: the Earnings-Based group reads lowest at A$0.7600, and 0 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: A$0.9882 (bear) to A$3.58 (bull), the price of A$0.6650 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Nine Entertainment Co. Holdings Ltd reported revenue of A$2.2B in FY2026 versus A$2.7B in FY2022, a compound −5.0%/yr. Reported net income was −A$424M in FY2026.
Key figures
Market cap A$1.1B (≈ $739M) Small · P/E ratio 13.8 · P/S ratio 0.49 · EPS (TTM) A$−0.2100 · Dividend yield 11.0% · Net margin −19.4% · Return on equity −22.9% · Return on assets (EBIT) 9.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −9% fair-value upside, at 200%, NEC screens cheaper than that median.
Fair Value models
BearA$0.9882Fair Value A$2.00BullA$3.58
Price A$0.6650 · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.39/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.3%
Start year 2021 (pandemic). Over 10 years: +5.5% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+51.6%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
15.6% (2021) → 9.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +0.9% a year for the price and +1.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (84 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Compare Nine Entertainment Co. Holdings Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Entertainment · 228 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+200.0% · Top 25%
Profitability
Return on assets−11.6% · Bottom 25%
Net margin (12 months)23.3% · Top 25%
Operating margin (12 months)4.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)11.3% · Above median
Dividend yield (12 months)11.0% · Top 25%
Balance sheet
Debt / equity0.55× · Highest 25%
Valuation Multiplesvs Entertainment median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Nine Entertainment Co. Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/NEC
Frequently asked questions
Is Nine Entertainment Co. Holdings Ltd (NEC) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of A$2.00 versus a price of A$0.6650, about +200% upside (undervalued).
What is the fair value of NEC?
Our model-based fair value for Nine Entertainment Co. Holdings Ltd is A$2.00 (as of Oct 3, 2026), built from audited fundamentals. The current price: A$0.6650.
What is the quality score of NEC?
Nine Entertainment Co. Holdings Ltd has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Nine Entertainment Co. Holdings Ltd (NEC)?
Our model-based price target is the fair value of A$2.00 (as of Oct 3, 2026) from 14 valuation models. Cautious scenario A$0.9882, optimistic scenario A$3.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Nine Entertainment Co. Holdings Ltd stock forecast for 2026?
Our models put fair value at A$2.00, about +200% upside versus a price of A$0.6650 (undervalued). Cautious scenario A$0.9882, optimistic scenario A$3.58. The calculation is refreshed regularly with new filings.
What is the revenue of Nine Entertainment Co. Holdings Ltd (NEC)?
Nine Entertainment Co. Holdings Ltd reported trailing-twelve-month revenue of about A$2.2B (latest available figure, as of Oct 3, 2026).
Does Nine Entertainment Co. Holdings Ltd pay a dividend?
Nine Entertainment Co. Holdings Ltd currently shows a dividend yield of 11.03% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Nine Entertainment Co. Holdings Ltd (NEC)?
For today's price to be fair in a discounted-cash-flow model, Nine Entertainment Co. Holdings Ltd would have to grow free cash flow by +3.9 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.3 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of NEC use?
Our models discount Nine Entertainment Co. Holdings Ltd at 10.6 %: a base by market capitalisation (small), damped by beta 0.86, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Nine Entertainment Co. Holdings Ltd that is +3.9 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Nine Entertainment Co. Holdings Ltd (NEC) delivered so far?
Over the past 5 years revenue at Nine Entertainment Co. Holdings Ltd grew -1.3 % a year. The price currently implies +3.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Nine Entertainment Co. Holdings Ltd (NEC) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into Nine Entertainment Co. Holdings Ltd (+3.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nine Entertainment Co. Holdings Ltd (NEC)?
The free-cash-flow yield on the price is 12.41 %: that much free cash flow Nine Entertainment Co. Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nine Entertainment Co. Holdings Ltd (NEC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nine Entertainment Co. Holdings Ltd it is A$2.00 per share (as of Oct 3, 2026), against a price of A$0.6650. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Nine Entertainment Co. Holdings Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, NEC trades below its calculated fair value: price A$0.6650, fair value A$2.00, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NEC?
No. The price is what the market pays today (A$0.6650); the fair value is what the company's own numbers justify (A$2.00). For Nine Entertainment Co. Holdings Ltd the two are A$1.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nine Entertainment Co. Holdings Ltd worth?
The market values Nine Entertainment Co. Holdings Ltd at about A$1.1B (market capitalisation, as of Oct 3, 2026). Per share that is A$0.6650; our models calculate a fair value of A$2.00 per share.
What do the bullish and bearish scenarios say about NEC?
Our models span a range for Nine Entertainment Co. Holdings Ltd: cautious scenario A$0.9882, base A$2.00, optimistic A$3.58 per share (as of Oct 3, 2026, price A$0.6650). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NEC?
Nine Entertainment Co. Holdings Ltd trades at a price-to-earnings ratio of 13.8 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$2.00 is built from several models across several years.
How solid is the balance sheet of Nine Entertainment Co. Holdings Ltd (NEC)?
Balance-sheet figures for Nine Entertainment Co. Holdings Ltd (as of Oct 3, 2026): return on equity −22.9%, debt of 0.55 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is NEC from its 52-week high?
Nine Entertainment Co. Holdings Ltd trades at A$0.6650, about 43% below its 52-week high of A$1.17 and 7% above the low of A$0.6200 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of A$2.00 is for.
Which stocks are comparable to Nine Entertainment Co. Holdings Ltd?
From the same area (Communication Services) we also value Netflix, Inc, The Walt Disney Company, Live Nation Entertainment, Inc, TKO Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Nine Entertainment Co. Holdings Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price A$0.6650, calculated fair value A$2.00 (+200%), Quality Score 47/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NEC calculated?
We run Nine Entertainment Co. Holdings Ltd through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$2.00, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.6 % above its aggregate fair value. Nine Entertainment Co. Holdings Ltd currently trades 67 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Nine Entertainment Co. Holdings Ltd (NEC)?
The closing price on Oct 22, 2026 was A$0.6650. Our model-based fair value is A$2.00, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nine Entertainment Co. Holdings Ltd right now?
The price is below even our cautious bear case (A$0.9882). The market is more pessimistic than our downside scenario. The model range is unusually wide (A$0.9882 to A$3.58). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Nine Entertainment Co. Holdings Ltd
How large is the market capitalisation of Nine Entertainment Co. Holdings Ltd (NEC)?
The market capitalisation of Nine Entertainment Co. Holdings Ltd is A$1.1B (≈ $739M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Nine Entertainment Co. Holdings Ltd (NEC)?
The price-to-sales ratio of Nine Entertainment Co. Holdings Ltd is 0.49 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nine Entertainment Co. Holdings Ltd (NEC)?
Earnings per share at Nine Entertainment Co. Holdings Ltd are A$−0.2100 (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nine Entertainment Co. Holdings Ltd (NEC)?
The dividend yield of Nine Entertainment Co. Holdings Ltd is 11.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Nine Entertainment Co. Holdings Ltd (NEC)?
The net margin of Nine Entertainment Co. Holdings Ltd is −19.4% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nine Entertainment Co. Holdings Ltd (NEC)?
The return on equity (ROE) of Nine Entertainment Co. Holdings Ltd is −22.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Nine Entertainment Co. Holdings Ltd (NEC)?
On an EBIT basis the return on assets of Nine Entertainment Co. Holdings Ltd is 9.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Nine Entertainment Co. Holdings Ltd (NEC)?
The operating margin of Nine Entertainment Co. Holdings Ltd is 4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nine Entertainment Co. Holdings Ltd (NEC)?
Revenue at Nine Entertainment Co. Holdings Ltd is growing +11.3% versus a year earlier (3y avg −6.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Nine Entertainment Co. Holdings Ltd (NEC)?
Earnings per share at Nine Entertainment Co. Holdings Ltd are growing +10.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nine Entertainment Co. Holdings Ltd (NEC) carry?
The net debt of Nine Entertainment Co. Holdings Ltd is A$1.6B (fiscal year 2026, ≈ 12.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 3, 2026