5 models fit Nexxen International Ltd. Ordinary Shares and they disagree: 0 of 5 land within 15% of the average.
Two or more of our models back this value.
Large discount(i)Silver67
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionNexxen International Ltd. Ordinary Shares (NEXN)
Fair value (5 models)
$15.03
ACCE price target
$11.60
Rating
Undervalued
Horizon
12 months
Fair value published on 20 Oct 2026, 16:04 CEST; previously $17.51 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 16:04 CEST.
Price used: $8.88 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
40.9% below
+69.2% to fair value
ACCE score
66
out of 100
Analysts
100% buy
9 covering
P/E
41.1x
forward 7.8x
1-year return
+4.3%
Dividend yield
0.00%
Nexxen International Ltd. Ordinary Shares in four questions
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Overview
ACCE thesis
Nexxen runs a demand-side advertising platform that lets brands and agencies buy video, CTV and audio inventory programmatically, with its VideoHub and Nexxen Pulse products sitting on top of that core. The edge is the combination of an 82.5% gross margin, which points to a software-like take rate, and a business that is now growing revenue 10.5% while its operating margin sits at only 4.1%, leaving room for operating leverage if spend holds. The equity case rests on earnings catching up with the top line: the trailing P/E of 41.0 drops to 7.8 on forward estimates, a gap that is either a sharp earnings recovery or a sign the market doubts the forecasts, and that is the first thing to test. With a market cap of about $514M and ROE of only 2.7%, the stock is small, unindexed and thinly underwritten, so the mispricing argument is plausible but unproven. The score of 66/100 is a reason to look closer, not to act yet.
⚠ Investor warnings · 1 flagAI-assisted·How I use AI
moderate
Earnings down sharply
Earnings are down 57.1% year on year even though revenue grew 10.5%, so margin or cost pressure is eating into profit. Operating margin is only 4.1%, leaving little cushion.
AI research notes
AI-assisted·How I use AIWritten Oct 23, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 10.5% year over year and has averaged 11.5% a year over five years, showing steady top-line expansion.
Free cash flow of $98M over the last twelve months gives a 18.9% yield at the current price, with debt to equity of just 0.07.
Diluted share count fell 12.9% last fiscal year, and the stock trades at 7.8x forward earnings against a sector median of 16.7x.
Why it could disappoint
Net margin of 3.4% and return on equity of 2.7% show the company keeps very little of each dollar of sales as profit.
Trailing P/E of 40.8x sits far above the 7.8x forward multiple, so the cheap-looking forward figure rests on earnings still to be proven.
The price implies yearly cash flow shrinking 9.4% over five years, and the stock trades 23.4% below the ACCE price target of $11.60.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 12, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where NEXN's valuation models land
Price
$8.88
Model fair value
$15.03
Model range
$8.06 to $20.82
Fair value $15.03
Price $8.88
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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+Conviction breakdown and growth / value / quality / momentum scores