CHORUS LIMITED Financials Chorus Limited Australian S.E.
Equities
CNU
NZCNUE0001S2
Integrated Telecommunications Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.09 AUD | -0.70% |
|
+2.75% | -3.27% |
| 12/06 | Nokia, Chorus and 2Degrees connect New Zealand?s first 25G PON customer | CI |
| 31/05 | Chorus Increases Regulated Asset Base Calculation from NZ$5.7 Billion to NZ$5.9 Billion | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,504 | 3,325 | 2,861 | 3,224 | 3,668 | 3,382 | - | - |
| Enterprise Value (EV) 1 | 4,573 | 5,935 | 6,096 | 6,368 | 6,120 | 6,154 | 6,390 | 6,451 |
| P/E ratio | 57 x | 74.8 x | 80 x | 65.6 x | 169 x | 248 x | 126 x | 65.7 x |
| Yield | 4.04% | 3.21% | 3.91% | 4.85% | 5.04% | 6.1% | 6.38% | 6.72% |
| Capitalization / Revenue | 2.58 x | 3.47 x | 3.02 x | 3.34 x | 3.74 x | 3.37 x | 3.29 x | 3.2 x |
| EV / Revenue | 4.71 x | 6.19 x | 6.44 x | 6.6 x | 6.24 x | 6.13 x | 6.22 x | 6.1 x |
| EV / EBITDA | 7.19 x | 9.16 x | 9.39 x | 9.65 x | 8.97 x | 8.87 x | 8.87 x | 8.6 x |
| EV / FCF | -14.8 x | -29 x | -67 x | 120 x | 219 x | 83.7 x | 33.6 x | 24.7 x |
| FCF Yield | -6.78% | -3.45% | -1.49% | 0.83% | 0.46% | 1.19% | 2.98% | 4.05% |
| Price to Book | 2.56 x | 3.58 x | 3.02 x | 3.14 x | 3.51 x | 4.07 x | 5.51 x | 7.53 x |
| Nbr of stocks (in thousands) | 4,39,288 | 4,44,492 | 4,47,025 | 4,46,512 | 4,35,334 | 4,33,887 | - | - |
| Reference price 2 | 5.700 | 7.480 | 6.400 | 7.220 | 8.425 | 7.795 | 7.795 | 7.795 |
| Announcement Date | 25/08/19 | 23/08/20 | 22/08/21 | 21/08/22 | 20/08/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 970 | 959 | 947 | 965 | 980 | 1,004 | 1,028 | 1,057 |
| EBITDA 1 | 636 | 648 | 649 | 660 | 682 | 694.2 | 720.7 | 750.2 |
| EBIT 1 | 243 | 246 | 224 | 248 | 226 | 234.1 | 259.7 | 292.5 |
| Operating Margin | 25.05% | 25.65% | 23.65% | 25.7% | 23.06% | 23.31% | 25.27% | 27.67% |
| Earnings before Tax (EBT) 1 | 78 | 73 | 72 | 106 | 31 | 20.24 | 53.57 | 86.4 |
| Net income 1 | 53 | 52 | 47 | 64 | 25 | 11.92 | 37.44 | 61.69 |
| Net margin | 5.46% | 5.42% | 4.96% | 6.63% | 2.55% | 1.19% | 3.64% | 5.84% |
| EPS 2 | 0.1000 | 0.1000 | 0.0800 | 0.1100 | 0.0500 | 0.0315 | 0.0620 | 0.1187 |
| Free Cash Flow 1 | -310 | -205 | -91 | 53 | 28 | 73.5 | 190.3 | 261 |
| FCF margin | -31.96% | -21.38% | -9.61% | 5.49% | 2.86% | 7.32% | 18.52% | 24.7% |
| FCF Conversion (EBITDA) | - | - | - | 8.03% | 4.11% | 10.59% | 26.41% | 34.79% |
| FCF Conversion (Net income) | - | - | - | 82.81% | 112% | 616.53% | 508.37% | 423.07% |
| Dividend per Share 2 | 0.2300 | 0.2400 | 0.2500 | 0.3500 | 0.4250 | 0.4752 | 0.4977 | 0.5235 |
| Announcement Date | 25/08/19 | 23/08/20 | 22/08/21 | 21/08/22 | 20/08/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2021 S1 | 2023 S1 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|
| Net sales | - | 487 | 503 | - |
| EBITDA | - | 342 | 349 | - |
| EBIT | - | - | - | - |
| Operating Margin | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income | - | - | - | - |
| Net margin | - | - | - | - |
| EPS | - | - | - | - |
| Dividend per Share 1 | 0.1100 | 0.1700 | 0.1900 | 0.2800 |
| Announcement Date | - | 20/02/23 | 27/02/24 | - |
1NZD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,069 | 2,610 | 3,235 | 3,144 | 2,452 | 2,772 | 3,008 | 3,069 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.253 x | 4.028 x | 4.985 x | 4.764 x | 3.595 x | 3.993 x | 4.173 x | 4.091 x |
| Free Cash Flow 1 | -310 | -205 | -91 | 53 | 28 | 73.5 | 190 | 261 |
| ROE (net income / shareholders' equity) | 5.3% | 5.46% | 5.01% | 6.34% | 3.16% | 1.29% | 6.03% | 10.2% |
| ROA (Net income/ Total Assets) | 1% | 0.92% | 0.82% | 1.09% | 0.42% | 0.4% | 1% | 2.62% |
| Assets 1 | 5,316 | 5,630 | 5,751 | 5,853 | 5,992 | 2,980 | 3,744 | 2,355 |
| Book Value Per Share 2 | 2.230 | 2.090 | 2.120 | 2.300 | 2.400 | 1.920 | 1.410 | 1.040 |
| Cash Flow per Share 2 | 0.9400 | 0.8800 | 0.9500 | 0.9900 | 0.9500 | 1.090 | 1.010 | 1.060 |
| Capex 1 | 806 | 679 | 647 | 518 | 495 | 436 | 379 | 332 |
| Capex / Sales | 83.09% | 70.8% | 68.32% | 53.68% | 50.51% | 43.37% | 36.83% | 31.46% |
| Announcement Date | 25/08/19 | 23/08/20 | 22/08/21 | 21/08/22 | 20/08/23 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
7.795
NZD
Average target price
7.34
NZD
Spread / Average Target
-5.84%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +82.17% | 11.48B | |
| -13.97% | 9.86B | |
| -6.38% | 3.31B | |
| +11.35% | 2.79B | |
| -16.75% | 2.4B | |
| -0.65% | 2.22B | |
| -30.81% | 2.08B | |
| -13.60% | 1.17B | |
| -1.34% | 454M |
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