Nine Entertainment's Warrior Spirit Closes Stock Price Discount Gap to Our Intrinsic Value
The market's jubilant response to Nine Entertainment's strong 16% increase in fiscal 2017 second-half underlying EBITDA to AUD 86 million has pushed its shares past our unchanged AUD 1.50 fair value estimate. Sentiment has been further boosted by management's fiscal 2018 EBITDA guidance of over AUD 200 million, 10% above our previous estimate and a rare instance of a traditional media company surprising on the upside.Still, this is no time to be complacent for either management or investors. Ni...
Nine Entertainment Co. Holdings is engaged in the television broadcasting and program production and digital, internet, subscription television, and other media sectors. Co. manages its business based on two reportable segments: television, which includes free to air television activities; and digital, which includes its Nine Digital Pty Limited subsidiary and other digital activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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