Company Valuation: Nine Entertainment Co. Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 4,960 3,111 3,256 2,217 2,574 1,821 - -
Change - -37.28% 4.66% -31.92% 16.1% -29.23% - -
Enterprise Value (EV) 1 5,210 3,436 3,779 2,857 3,157 2,162 2,074 2,004
Change - -34.06% 10% -24.41% 10.52% -31.52% -4.08% -3.38%
P/E ratio 29.1x 10.7x 17.9x 20x 23.2x 14.1x 10.9x 10.5x
PBR 2.73x 1.66x 1.9x 1.4x 1.64x 1.44x 1.28x 1.23x
PEG - 0.2x -0.5x -0.6x - 0.8x 0.4x 2.54x
Capitalization / Revenue 2.13x 1.16x 1.21x 0.85x 0.96x 0.8x 0.74x 0.72x
EV / Revenue 2.23x 1.28x 1.4x 1.09x 1.18x 0.95x 0.84x 0.8x
EV / EBITDA 9.23x 4.9x 6.39x 5.52x 6.5x 6.13x 4.59x 4.25x
EV / EBIT 12.5x 6.23x 8.68x 7.91x 9.62x 9.74x 7.16x 6.58x
EV / FCF 17.1x 8.33x 14.9x 18.3x 12.9x 20.8x 12.6x 10.1x
FCF Yield 5.84% 12% 6.72% 5.48% 7.75% 4.81% 7.96% 9.86%
Dividend per Share 2 0.105 0.14 0.11 0.085 0.08 0.0613 0.0759 0.0797
Rate of return 3.61% 7.67% 5.6% 6.07% 4.92% 5.33% 6.6% 6.93%
EPS 2 0.1 0.1708 0.11 0.07 0.07 0.0818 0.1051 0.1094
Distribution rate 105% 82% 100% 121% 114% 75% 72.3% 72.8%
Net sales 1 2,331 2,689 2,695 2,619 2,676 2,284 2,458 2,517
EBITDA 1 564.7 700.7 591.2 517.4 486.1 352.8 451.9 471.2
EBIT 1 415.6 551.6 435.5 361.2 328.1 222.1 289.8 304.4
Net income 1 169.4 290.3 181.8 110.9 103.9 131.8 166 175
Net Debt 1 249.9 324.4 523.2 640 583.7 340.8 252.5 182.3
Reference price 2 2.910 1.825 1.965 1.400 1.625 1.150 1.150 1.150
Nbr of stocks (in thousands) 1,704,583 1,704,745 1,657,038 1,583,379 1,583,788 1,583,848 - -
Announcement Date 24/08/21 24/08/22 23/08/23 27/08/24 26/08/25 - - -
1AUD in Million2AUD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14x0.94x6.11x5.36% 1.28B
15.41x1.75x8.22x0.9% 25.63B
19.42x2.72x8.72x3.02% 7.45B
5.16x0.92x6.64x16.63% 6.95B
15.1x1.32x7.75x1.12% 5.68B
14.11x2.06x9.77x - 3.36B
27.18x1.94x23.86x - 2.83B
13.92x3.52x6.74x3.21% 2.67B
Average 15.54x 1.90x 9.73x 5.04% 6.98B
Weighted average by Cap. 15.05x 1.83x 8.81x 3.68%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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