Nine Entertainment Co. Holdings Ltd
NEC: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$8.10 | Znw | Lnxfjhmq |
Back on Cloud Nine
Nine Entertainment's second positive trading update in five weeks has led to another 7% upgrade to our fiscal 2021 EBITDA estimate to AUD 522 million. Indeed, our operating earnings expectation for the current year has been raised by 27% in total since first positive update on Nov. 12, demonstrating Nine's sheer operating leverage from the faster-than-expected resurrection in free-to-air TV advertising.