Chorus Ltd CNU

Stock XNZE Rating as of Oct 23, 2026

NZ$8.18 +0.15 (1.87%)

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As of Oct 23, 2026, 4:00:09 AM Delayed Price Closed

Company Report

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Chorus Reports In-Line Fiscal 2026 Results

Brian Han Aug 24, 2026

Chorus was demerged from Telecom New Zealand in 2011 and is the largest fixed-line access telecommunications infrastructure (copper and fiber) provider in New Zealand. It owns and operates a national fixed-line network that includes local phone exchanges and copper and fiber cables. Chorus partnered with the government in rolling out fiber to the premises through the ultra-fast broadband, or UFB, initiative. As a near-monopoly operator, Chorus' wholesale prices are regulated by the Commerce Commission, or ComCom.

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Price vs Fair Value

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CNU is trading at a LOCK|VK#>< premium.

Price

NZ$8.18

Oct 23, 2026

Fair Value

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Dec 10, 2025

Uncertainty

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1-Star Price: LOCK|.$%
5-Star Price: LOCK|Z<
Economic Moat: LOCK|fF
Capital Allocation: LOCK|VSLBM!

Bulls Say, Bears Say

Bulls

Rising demand for data will underpin the take-up of fiber-based broadband services.

Bears

Chorus lacks pricing power, as the price it can charge access seekers for its network and infrastructure is determined by the set regulatory framework.

Trading Information

Previous Close Price: NZ$8.03
Day Range: NZ$8.00–8.22
52-Week Range: NZ$7.85–10.31
Bid/Ask: NZ$8.12 / NZ$8.22
Shares Outstanding: 433.89M
Market Cap: NZ$3.55B
Volume/Avg: 85,125 / 299,895

Key Statistics

Price/Earnings (Normalized): 123.32
Price/Sales: 3.39
Dividend Yield (Trailing): 7.34%
Dividend Yield (Forward): 7.34%
Dividend Payment Schedule: Apr, Oct
Total Yield: 7.36%

Company Profile

Chorus is New Zealand’s largest fixed-line communications infrastructure entity. It completed the government's rollout of ultra-fast broadband, a fiber-to-the-premises network covering 87% of New Zealand's population in December 2022. Chorus provides wholesale access to the country's only nationwide copper and fiber infrastructure network. This enables more than 100 retail service providers to connect consumers and businesses to the internet and other telecommunications products. Chorus also provides backhaul services to retail service providers and connects mobile telephony towers.

Sector: Communication Services
Industry: Telecom Services
Stock Style Box: Mid Growth
Total Number of Employees: 799
Website: https://www.chorus.co.nz

Competitors

Valuation

Metric	CNU	TPG	SPK
Price/Earnings (Normalized)	123.32	60.64	17.82
Price/Book Value	3.38	0.89	2.15
Price/Sales	3.39	1.48	0.92
Price/Cash Flow	6.02	3.76	3.22

Price/Earnings

CNU

TPG

SPK

Financial Strength

Metric	CNU	TPG	SPK
Quick Ratio	0.87	0.37	0.92
Current Ratio	0.91	0.51	1.37
Interest Coverage	0.31	0.95	4.03

Quick Ratio

CNU

TPG

SPK

Profitability

Metric	CNU	TPG	SPK
Return on Assets (Normalized)	0.58%	0.63%	5.11%
Return on Equity (Normalized)	5.48%	1.06%	14.93%
Return on Invested Capital (Normalized)	0.89%	2.21%	5.95%

Return on Assets

CNU

TPG

SPK

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