Chorus Limited (CNU) - Research

$5.190 0.06 (1.14%)

CNU General Information +

ASX Code CNU
Website http://www.chorus.co.nz
GICS Sub-Industry Alternative Carriers
Market Cap ($M) 4,846
Current Price $5.190
Day High $5.260
Day Low $5.180
Last Close $5.250
Price Movement $0.06 ( 1.14% )
Prices as at 16:40, 19 Jul 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

CNU Company Overview

Business Description

Chorus Limited (CNU) is a telecommunication business operating a nationwide fixed line access network infrastructure in New Zealand. This infrastructure comprises local telephone exchanges, cabinets and copper and fibre cables. CNU has six products & services including: Basic Copper, Enhanced Copper, Fibre, Value Added Network Services, Field Services and Infrastructure Services.

CNU Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 52.24 9.91 -1.90% 52.36 20.86 4.02% 0.0%
2019 F 53.21 10.10 -32.00% 51.39 20.87 4.02% 0.0%
2018 A 78.31 14.86 -32.30% 25.48 20.27 5.35% 0.0%

CNU Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Chorus (CNU) $2,306M -0.3301 -0.2952 -0.0097 35.7873 50.7737 51.2695 3.84% 4.09% 4.09%
Speedcast International (SDA) $442M -0.3628 2.6433 0.4593 25.3086 6.9465 4.7601 3.90% 0.00% 0.00%
Superloop (SLC) $251M 0.0000 0.0000 0.0000 25.9843 0.0000 0.0000 0.00% 0.00% 0.00%

CNU Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.73 50.20 2.38 0.00
Market 0.94 17.10 1.54 1.41
Sector 0.73 19.70 2.28 0.46

CNU Directors

Name Position Start Date
Ms Kate McKenzie Chief Executive Officer, Executive Director 20 Feb 2017
Mr Jack Beverly Matthews Non-Executive Director 1 Jul 2017
Ms Prudence (Prue) Flacks Non-Executive Director 1 Dec 2011
Ms Anne June Urlwin Non-Executive Director 1 Dec 2011
Mr Mark Cross Non-Executive Director 1 Nov 2016
Mr Murray Jordan Non-Executive Director 1 Sep 2015
Dr Patrick Clifford Strange Non-Executive Director, Non-Executive Chairman 6 Apr 2015
Mr Jonathan (Jon) P Hartley Non-Executive Director, Non-Executive Deputy Chairman 1 Dec 2011

CNU Management

Name Position
Elaine Campbell Company Secretary,General Counsel

CNU Substantial Shareholders

Holding Name
63,601,466 (14.80%) L1 Capital Pty Limited
36,839,475 (8.67%) Allan Gray Australia Pty Ltd
21,245,803 (5%) Accident Compensation Corporation

CNU Calendar of Events

Date Event
24 February 2020 Report (Interim)
26 August 2019 Report (Annual)
26 August 2019 Report (Prelim)

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