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Flags

Financial distress

Chorus

NZC:CNU · NZCNUE0001S2
Diversified Telecommunication ServicesMedium

360

35
EV / EBIT28
Price / Owner Earnings3
Owner Earnings Yield34
Dividend Yield87
Price/Sales15
EV / Gross Profit19
Price/Book1
Return on Capital40
Cash Return on Capital34
Return on Equity36
EBIT Margin80
Gross Profitability20
Cash Conversion100
Accruals50
Owner Earnings Margin41
Sales growth27
Profit Growth19
Long-Term EPS Growth100
Owner Earnings Growth97
Reinvestment36
Price momentum59
Debt load1
Refinancing38
Debt Payback4
Liquidity20
Analyst ratings3
Opinion Changes50
Price Target Upside21
Market mood56
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Chorus clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryNew Zealand
IndustryDiversified Telecommunication Services
SizeMedium
TypePublic Company
ExchangeNZSE
Founded2011
Employees935
Websitechorus.co.nz
ISINNZCNUE0001S2
Last UpdateApr 2, 2026
Indices
ASX 200 (Australia)ASX 300 (Australia)NZSX 50 (New Zealand)
Themes
Network BackboneEnterprise Voip and TelephonyOptical InfrastructureData Centers and FacilitiesTelecommunications

Description

Chorus Limited engages in the provision of fixed line communications infrastructure services. Business Segments The company operates through Access, Infrastructure and Fibre Frontier segments. Access This segment is dedicated to managing high-vol…

Analysis

Hope premium

Chorus Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 97.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 28% a year, against analyst forecasts of 224%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is fragile. The company scores 10/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
6
2023202420252026

All-time high

26

Feb 2026

All-time low

1

Jun 2025

Average rank

6

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
15
13
14
17
Price/Earnings
15
1
1
5
Price/Book
1
1
16
22
Dividend Yield
87
94
88
77
Value (overall)
15
14
15
19

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →