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 1,457 - -
Change - -37.28% 4.66% -31.92% 16.1% -43.37% - -
Enterprise Value (EV) 1 5,210 3,436 3,779 2,857 3,157 2,253 2,137 2,072
Change - -34.06% 10% -24.41% 10.52% -28.64% -5.17% -3.04%
P/E ratio 29.1x 10.7x 17.9x 20x 23.2x 11.6x 8.66x 8.07x
PBR 2.73x 1.66x 1.9x 1.4x 1.64x 1.37x 1.11x 1.04x
PEG - 0.2x -0.5x -0.6x - 0.9x 0.3x 1.11x
Capitalization / Revenue 2.13x 1.16x 1.21x 0.85x 0.96x 0.67x 0.57x 0.56x
EV / Revenue 2.23x 1.28x 1.4x 1.09x 1.18x 1.03x 0.84x 0.79x
EV / EBITDA 9.23x 4.9x 6.39x 5.52x 6.5x 6.41x 3.95x 3.64x
EV / EBIT 12.5x 6.23x 8.68x 7.91x 9.62x 10.5x 6.88x 6.31x
EV / FCF 17.1x 8.33x 14.9x 18.3x 12.9x 12.9x 9.06x 8.76x
FCF Yield 5.84% 12% 6.72% 5.48% 7.75% 7.76% 11% 11.4%
Dividend per Share 2 0.105 0.14 0.11 0.085 0.08 0.0635 0.0729 0.0786
Rate of return 3.61% 7.67% 5.6% 6.07% 4.92% 6.9% 7.93% 8.54%
EPS 2 0.1 0.1708 0.11 0.07 0.07 0.079 0.1063 0.114
Distribution rate 105% 82% 100% 121% 114% 80.4% 68.6% 68.9%
Net sales 1 2,331 2,689 2,695 2,619 2,676 2,177 2,551 2,619
EBITDA 1 564.7 700.7 591.2 517.4 486.1 351.5 540.3 568.9
EBIT 1 415.6 551.6 435.5 361.2 328.1 215.3 310.6 328.5
Net income 1 169.4 290.3 181.8 110.9 103.9 330 167.5 181.4
Net Debt 1 249.9 324.4 523.2 640 583.7 795.6 679.2 614.2
Reference price 2 2.9100 1.8250 1.9650 1.4000 1.6250 0.9200 0.9200 0.9200
Nbr of stocks (in thousands) 1,704,583 1,704,745 1,657,038 1,583,379 1,583,788 1,584,229 - -
Announcement Date 8/24/21 8/24/22 8/23/23 8/27/24 8/26/25 - - -
1AUD in Million2AUD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.71x1.04x6.43x6.86% 1.05B
-21.54x2.56x11.05x-.--% 67.68B
18.5x1.73x7.77x0.93% 26.04B
9.78x1.16x3.71x3.03% 5.69B
15.51x0.87x5.78x7.22% 5.58B
5.57x2.05x5.81x4.11% 5.53B
12.11x0.95x5.46x1.43% 4.32B
14.58x1.28x9.48x - 2.15B
11.91x2.6x5.04x3.1% 2.11B
11.86x0.77x7.49x2.13% 2.06B
Average 9.00x 1.50x 6.80x 3.2% 12.22B
Weighted average by Cap. -5.39x 2.10x 9.10x 1.07%

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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