Financials Chorus Limited Australian S.E.

Equities

CNU

NZCNUE0001S2

Integrated Telecommunications Services

Market Closed - Australian S.E. 02:10:06 2024-07-16 am EDT 5-day change 1st Jan Change
7.18 AUD -0.14% Intraday chart for Chorus Limited +2.57% -2.05%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,504 3,325 2,861 3,224 3,668 3,460 - -
Enterprise Value (EV) 1 4,573 5,935 6,096 6,368 6,120 6,312 6,469 6,532
P/E ratio 57 x 74.8 x 80 x 65.6 x 169 x 253 x 121 x 63.9 x
Yield 4.04% 3.21% 3.91% 4.85% 5.04% 5.96% 6.24% 6.56%
Capitalization / Revenue 2.58 x 3.47 x 3.02 x 3.34 x 3.74 x 3.45 x 3.37 x 3.28 x
EV / Revenue 4.71 x 6.19 x 6.44 x 6.6 x 6.24 x 6.29 x 6.3 x 6.19 x
EV / EBITDA 7.19 x 9.16 x 9.39 x 9.65 x 8.97 x 9.1 x 9 x 8.73 x
EV / FCF -14.8 x -29 x -67 x 120 x 219 x 86.5 x 34.3 x 25.3 x
FCF Yield -6.78% -3.45% -1.49% 0.83% 0.46% 1.16% 2.92% 3.96%
Price to Book 2.56 x 3.58 x 3.02 x 3.14 x 3.51 x 4.36 x 5.61 x 7.61 x
Nbr of stocks (in thousands) 439,288 444,492 447,025 446,512 435,334 433,887 - -
Reference price 2 5.700 7.480 6.400 7.220 8.425 7.975 7.975 7.975
Announcement Date 8/25/19 8/23/20 8/22/21 8/21/22 8/20/23 - - -
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 1,026 1,055
EBITDA 1 636 648 649 660 682 694 719 748.3
EBIT 1 243 246 224 248 226 235.8 260.8 294.8
Operating Margin 25.05% 25.65% 23.65% 25.7% 23.06% 23.48% 25.42% 27.95%
Earnings before Tax (EBT) 1 78 73 72 106 31 24.07 55.43 89.46
Net income 1 53 52 47 64 25 15.14 38.78 63.89
Net margin 5.46% 5.42% 4.96% 6.63% 2.55% 1.51% 3.78% 6.06%
EPS 2 0.1000 0.1000 0.0800 0.1100 0.0500 0.0315 0.0657 0.1247
Free Cash Flow 1 -310 -205 -91 53 28 73 188.7 258.7
FCF margin -31.96% -21.38% -9.61% 5.49% 2.86% 7.27% 18.39% 24.53%
FCF Conversion (EBITDA) - - - 8.03% 4.11% 10.52% 26.24% 34.57%
FCF Conversion (Net income) - - - 82.81% 112% 482.01% 486.51% 404.85%
Dividend per Share 2 0.2300 0.2400 0.2500 0.3500 0.4250 0.4752 0.4977 0.5235
Announcement Date 8/25/19 8/23/20 8/22/21 8/21/22 8/20/23 - - -
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 - 2/20/23 2/27/24 -
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 2,852 3,009 3,072
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.253 x 4.028 x 4.985 x 4.764 x 3.595 x 4.109 x 4.185 x 4.105 x
Free Cash Flow 1 -310 -205 -91 53 28 73 189 259
ROE (net income / shareholders' equity) 5.3% 5.46% 5.01% 6.34% 3.16% 1.63% 6.16% 10.3%
ROA (Net income/ Total Assets) 1% 0.92% 0.82% 1.09% 0.42% 2.48% 2.71% 3.26%
Assets 1 5,316 5,630 5,751 5,853 5,992 611 1,432 1,958
Book Value Per Share 2 2.230 2.090 2.120 2.300 2.400 1.830 1.420 1.050
Cash Flow per Share 2 0.9400 0.8800 0.9500 0.9900 0.9500 0.9800 1.010 1.060
Capex 1 806 679 647 518 495 436 378 332
Capex / Sales 83.09% 70.8% 68.32% 53.68% 50.51% 43.37% 36.85% 31.49%
Announcement Date 8/25/19 8/23/20 8/22/21 8/21/22 8/20/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
7.975 NZD
Average target price
7.326 NZD
Spread / Average Target
-8.14%
Consensus

Annual profits - Rate of surprise