Macquarie initiates coverage of Nine (ASX: NEC) with an Outperform rating
Livewire Equities
Livewire
Macquarie initiates coverage of Nine (ASX: NEC) with an Outperform rating. Our 12-month target price is $2.40 (current px 2.00), driven by our DCF (discounted cash flow) valuation. NEC is exposed to a range of potential positive catalysts in the medium term, including ad market gains, operational improvement and cost reduction Our valuation is consistent with our approach for SWM and TEN. Earnings multiple analysis implies a FY14 EV/EBITDA multiple of 9.0x and PER of 15.2x.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
1 topic
Livewire Equities
Livewire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
Livewire Equities
Livewire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
How to choose excellent fund managers
Livewire Markets
Macro
The RBA should warn that it could raise rates again
Coolabah Capital