CHORUS LIMITED (CNU)
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CNU - CHORUS LIMITED

FNArena Sector : Telecommunication
Year End: June
GICS Industry Group : Telecommunication Services
Index: ASX200 | ASX300 | ALL-ORDS

Chorus is a New Zealand telecommunications company providing fixed & mobile phone services and internet services. It was de-merged from Telecom New Zealand and listed on both the ASX and NZX in 2011.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.34

23 Sep
2021

0.020

OPEN

$6.32

0.32%

HIGH

$6.42

285,605

LOW

$6.32

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FNARENA'S MARKET CONSENSUS FORECASTS
CNU: 1
Title FY22
Forecast
FY23
Forecast
EPS (cps) 9.7 xxx
DPS (cps) 26.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 64.8 xxx
Dividend Yield 4.2% xxx
Div Pay Ratio(%) 275.0% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 13/09 - 13.89c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx9.8
DPS All xxxxxxxxxxxxxxx27.4
Sales/Revenue xxxxxxxxxxxxxxx881.4 M
Book Value Per Share xxxxxxxxxxxxxxx197.4
Net Operating Cash Flow xxxxxxxxxxxxxxx515.6 M
Net Profit Margin xxxxxxxxxxxxxxx4.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx0.82 %
Return on Equity xxxxxxxxxxxxxxx5.00 %
Return on Total Capital xxxxxxxxxxxxxxx4.49 %
Capex xxxxxxxxxxxxxxx602.2 M
Capex % of Sales xxxxxxxxxxxxxxx68.32 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-166.6 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

-0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

5

xxxx

-

xx.xx%

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Macquarie

20/08/2021

3

Neutral

-

-

The Commerce Commission has released a drafted proposal for an initial regulated asset base of $5.427bn for Chorus' regulated fibre business. Macquarie notes the company will likely want a higher regulated asset base and will submit arguments accordingly. 

However, Macquarie notes the market has responded positively and highlights that the derived regulated asset base was only a -1.5% miss on the asset base submitted by Chorus. 

The company will pursue a higher maximum allowable revenue, and believes it has strong evidence to support changes. 

The Neutral rating and target price of NZ$6.91 are retained.

FORECAST
Macquarie forecasts a full year FY22 dividend of 27.93 cents and EPS of 8.10 cents.

CNU STOCK CHART