Upcoming Dividend • Mar 11
Upcoming dividend of NZ$0.24 per share Eligible shareholders must have bought the stock before 16 March 2026. Payment date: 14 April 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.4%). Declared Dividend • Feb 25
First half dividend of NZ$0.24 announced Shareholders will receive a dividend of NZ$0.24. Ex-date: 16th March 2026 Payment date: 14th April 2026 Dividend yield will be 9.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 13x earnings) nor is it covered by cash flows (161% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 1,417% to bring the payout ratio under control. EPS is expected to grow by 135% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 23
First half 2026 earnings released: EPS: NZ$0.03 (vs NZ$0.02 loss in 1H 2025) First half 2026 results: EPS: NZ$0.03 (up from NZ$0.02 loss in 1H 2025). Revenue: NZ$506.0m (up 1.2% from 1H 2025). Net income: NZ$15.0m (up NZ$20.0m from 1H 2025). Profit margin: 3.0% (up from net loss in 1H 2025). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • Dec 09
Chorus Limited to Report First Half, 2026 Results on Feb 23, 2026 Chorus Limited announced that they will report first half, 2026 results on Feb 23, 2026 Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Neal Barclay was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 27
Final dividend of NZ$0.34 announced Shareholders will receive a dividend of NZ$0.34. Ex-date: 15th September 2025 Payment date: 17th October 2025 Dividend yield will be 9.6%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 62x earnings) nor is it covered by cash flows (163% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 6,848% to bring the payout ratio under control. EPS is expected to grow by 131% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 27
Full year 2025 earnings released: EPS: NZ$0.009 (vs NZ$0.021 loss in FY 2024) Full year 2025 results: EPS: NZ$0.009 (up from NZ$0.021 loss in FY 2024). Revenue: NZ$1.01b (flat on FY 2024). Net income: NZ$4.00m (up NZ$13.0m from FY 2024). Profit margin: 0.4% (up from net loss in FY 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Annuncio • Aug 25
Chorus Limited, Annual General Meeting, Nov 05, 2025 Chorus Limited, Annual General Meeting, Nov 05, 2025. Annuncio • Jul 10
Chorus Limited to Report Fiscal Year 2025 Results on Aug 25, 2025 Chorus Limited announced that they will report fiscal year 2025 results on Aug 25, 2025 Declared Dividend • Feb 27
First half dividend of NZ$0.23 announced Shareholders will receive a dividend of NZ$0.23. Ex-date: 17th March 2025 Payment date: 15th April 2025 Dividend yield will be 8.4%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (166% cash payout ratio). The dividend has increased by an average of 15% per year over the past 9 years and payments have been stable during that time. Reported Earnings • Feb 25
First half 2025 earnings released: NZ$0.02 loss per share (vs NZ$0.02 profit in 1H 2024) First half 2025 results: NZ$0.02 loss per share (down from NZ$0.02 profit in 1H 2024). Revenue: NZ$500.0m (flat on 1H 2024). Net loss: NZ$5.00m (down 200% from profit in 1H 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Annuncio • Feb 24
Chorus Limited Declares an Interim Dividend in Respect of the Six-Month Period Ended 31 December 2024, Payable on 15 April 2025 Chorus Limited declared an interim dividend in respect of the six-month period ended 31 December 2024. The total amount of the dividend is $100 million, which represents an unimputed dividend of 23 cents per ordinary share. Record Date is 18 March 2025. Dividend Payment Date is 15 April 2025. Annuncio • Dec 20
Chorus Limited to Report First Half, 2025 Results on Feb 24, 2025 Chorus Limited announced that they will report first half, 2025 results on Feb 24, 2025 Annuncio • Sep 20
Chorus Appoints Drew Davies as Chief Operating Officer, Effective October 14, 2024 Chorus announced that Drew Davies has been appointed to the role of chief operating officer from 14 October 2024, filling the role left vacant when Mark Aue was appointed Chorus CEO in April this year. As COO, Davies will have responsibility for all financial functions along with strategy, brand and marketing, customer experience and customer engagement. He has more than 30 years' global experience in telecommunications, holding executive roles with 2degrees, multinational mobile telecommunications company Trilogy Partners and senior financial and operational roles with T-Mobile in the United States. Annuncio • Aug 26
Chorus Limited, Annual General Meeting, Oct 24, 2024 Chorus Limited, Annual General Meeting, Oct 24, 2024. Annuncio • Jul 09
Chorus Limited to Report Fiscal Year 2024 Results on Aug 26, 2024 Chorus Limited announced that they will report fiscal year 2024 results Pre-Market on Aug 26, 2024 Declared Dividend • Mar 01
First half dividend of NZ$0.19 announced Shareholders will receive a dividend of NZ$0.19. Ex-date: 18th March 2024 Payment date: 16th April 2024 Dividend yield will be 7.2%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 9x earnings) nor is it covered by cash flows (dividend approximately 18x free cash flows). The dividend has increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 972% to bring the payout ratio under control. EPS is expected to grow by 145% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 29
First half 2024 earnings released: EPS: NZ$0.02 (vs NZ$0.04 in 1H 2023) First half 2024 results: EPS: NZ$0.02 (down from NZ$0.04 in 1H 2023). Revenue: NZ$503.0m (up 3.3% from 1H 2023). Net income: NZ$5.00m (down 44% from 1H 2023). Profit margin: 1.0% (down from 1.8% in 1H 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • Feb 28
Chorus Limited Announces CEO Changes, Effective 15 April 2024 Chorus announced that its current COO Mark Aue has been appointed as CEO from 15 April 2024, following JB Rousselot's decision to step down from the role. Aue joined Chorus in April 2023, having been most recently the CEO of 2Degrees and, before this, the CFO of Vodafone NZ (now One NZ). Annuncio • Dec 12
Chorus Limited to Report First Half, 2024 Results on Feb 27, 2024 Chorus Limited announced that they will report first half, 2024 results on Feb 27, 2024 Upcoming Dividend • Sep 04
Upcoming dividend of NZ$0.26 per share at 6.0% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 10 October 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.1%). Annuncio • Aug 29
Chorus Limited Announces Executive Changes Chorus Limited announced that Mark Aue (former CEO of 2Degrees) who recently joined Chorus as Chief Financial Officer, will be responsible for a broader Chief Operating Officer team including Finance, Brand and Marketing, Strategy, and Customer engagement. Katrina Smidt will join the Executive team as Deputy CFO, reporting to Mark. Marcus Wofinden will lead the reshaped Network Operations team to better serve customers and the three value streams. Marcus has been a critical member of Chorus' customer and network operations team for 17 years and was most recently responsible for Chorus' Fibre Connect team. As previously announced, Jo Mataira is Chorus' new Chief People Officer. Jo has played a key role developing Chorus' People and Culture team over the last 8 years, most recently as Head of People Experience. Finally, Kristel McMeekin has been appointed General Counsel and Julian Kersey Chief Corporate and Regulatory Officer. They are both highly valued members of Elaine Campbell's current senior leadership team. The new operating model and the Executive team appointments, become effective in Second Quarter of FY24. Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: NZ$0.056 (vs NZ$0.14 in FY 2022) Full year 2023 results: EPS: NZ$0.056 (down from NZ$0.14 in FY 2022). Revenue: NZ$980.0m (up 1.6% from FY 2022). Net income: NZ$25.0m (down 61% from FY 2022). Profit margin: 2.6% (down from 6.6% in FY 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • Aug 22
Chorus Limited Announces Final Dividend for the Six Months Ended June 30, 2023, Payable on October 10, 2023; Provides Dividend Guidance for 2024 Chorus Limited will pay a final dividend of 25.5 cents per share on CNU - ORDINARY FULLY PAID FOREIGN EXEMPT NZX security for the six month ended June 30, 2023. Record date is September 12, 2023. Ex-date is September 11, 2023. Payment date is October 10, 2023.For the fiscal year 2024, the company provided dividend guidance subject to no material changes. For the period, the company expects to pay dividend of 47.5 cents per share, unimputed. Annuncio • Aug 05
Chorus Limited, Annual General Meeting, Nov 08, 2023 Chorus Limited, Annual General Meeting, Nov 08, 2023, at 14:00 NZST - New Zealand Standard. Annuncio • Jul 13
Chorus Limited to Report Fiscal Year 2023 Results on Aug 21, 2023 Chorus Limited announced that they will report fiscal year 2023 results on Aug 21, 2023 Recent Insider Transactions • May 27
Chief Technology Officer recently sold €59k worth of stock On the 24th of May, Ewen Powell sold around 13k shares on-market at roughly €4.70 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €688k more than they sold in the last 12 months. Annuncio • May 23
Chorus Limited Announces Executive Changes Chorus announced that it will be migrating to a new operating model to better execute its strategy, reflect its new regulatory framework, and respond to a changing market environment. The new operating model will cover the introduction of new capabilities, tools, and ways of working with the intention of keeping the organisation at pace with leading practices and allowing it to be more focused on end-to-end delivery of key initiatives. The new operating model will include migrating to a new organisational structure to become effective in Second Quarter of FY24. This structure includes the introduction of three end- to-end value streams of Access (focusing on fibre broadband to homes and businesses), Infrastructure (leveraging Chorus assets to generate new revenues) and Fibre Frontier (focusing on rural and regional strategy). These will be led by Executive GMs that will be part of the Executive Team led by Chief Executive JB Rousselot. Other executive roles will continue to hold accountabilities for Technology, Network Operations, People and Culture, Finance, Legal, Regulatory and Stakeholder Engagement. Accountabilities for Strategy, Enterprise performance and for CX, Customer Engagement and Brand & Marketing will be combined with Finance accountabilities under an expanded role of Chief Operating Officer to be held by current Chief Financial Officer Mark Aue. Mr. Rousselot said the new operating model reflects that Chorus is entering a new phase of its evolution. Under the new structure the current roles held by Executive members Andrew Carroll (GM Customer & Network Operations) and Ed Hyde (Chief Customer Officer) are being disestablished, and both have elected not to pursue new roles created in the new Operating Model. Mr. Carroll and Mr. Hyde will continue to be part of the Chorus team while a transition plan is developed. Chorus Limited has announced that Jo Mataira, the current Head of People Experience at Chorus, will be appointed as Chief People Officer, succeeding Shaun Philp, who will be departing for a new role. Additionally, Katrina Smidt, Deputy Chief Financial Officer, will join the Executive team as part of the company's new organisational structure. Upcoming Dividend • Mar 06
Upcoming dividend of NZ$0.17 per share at 4.3% yield Eligible shareholders must have bought the stock before 13 March 2023. Payment date: 11 April 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.3%). Recent Insider Transactions • Feb 26
Independent Director recently bought €70k worth of stock On the 21st of February, Will Irving bought around 15k shares on-market at roughly €4.66 per share. This transaction increased Will's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €725k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 22
First half 2023 earnings released: EPS: NZ$0.02 (vs NZ$0.09 in 1H 2022) First half 2023 results: EPS: NZ$0.02 (down from NZ$0.09 in 1H 2022). Revenue: NZ$487.0m (up 1.5% from 1H 2022). Net income: NZ$9.00m (down 79% from 1H 2022). Profit margin: 1.8% (down from 8.8% in 1H 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annuncio • Feb 20
Chorus Limited Declares Dividend for the Six Months Ended Dec. 31, 2022, Payable on April 11, 2023 Chorus Limited declares dividend for the six months of NZD 0.17000000 for the six months ended Dec. 31, 2022, payable on April 11, 2023. Record Date is March 14, 2023 and Ex Date is March 13, 2023. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 20% share price gain to €5.15, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 14x in the Telecom industry in Germany. Total returns to shareholders of 56% over the past three years. Annuncio • Dec 15
Chorus Limited to Report First Half, 2023 Results on Feb 20, 2023 Chorus Limited announced that they will report first half, 2023 results on Feb 20, 2023 Upcoming Dividend • Sep 05
Upcoming dividend of NZ$0.21 per share Eligible shareholders must have bought the stock before 12 September 2022. Payment date: 11 October 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 22
Full year 2022 earnings released Full year 2022 results: Revenue: NZ$965.0m (up 1.9% from FY 2021). Net income: NZ$64.0m (up 36% from FY 2021). Profit margin: 6.6% (up from 5.0% in FY 2021). Over the next year, revenue is forecast to stay flat compared to a 2.0% growth forecast for the Telecom industry in Germany. Upcoming Dividend • Mar 08
Upcoming dividend of NZ$0.16 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 12 April 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (4.0%). Recent Insider Transactions • Feb 26
Insider recently sold €69k worth of stock On the 23rd of February, Andrew Carroll sold around 15k shares on-market at roughly €4.62 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €98k more than they sold in the last 12 months. Reported Earnings • Feb 22
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: NZ$0.09 (up from NZ$0.06 in 1H 2021). Revenue: NZ$477.0m (flat on 1H 2021). Net income: NZ$42.0m (up 56% from 1H 2021). Profit margin: 8.8% (up from 5.6% in 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 2.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 24
Full year 2021 earnings released: EPS NZ$0.10 (vs NZ$0.12 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: NZ$947.0m (down 1.3% from FY 2020). Net income: NZ$47.0m (down 9.6% from FY 2020). Profit margin: 5.0% (down from 5.4% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improved over the past week After last week's 16% share price gain to NZ$4.14, the stock trades at a forward P/E ratio of 66x. Average forward P/E is 18x in the Telecom industry in Europe. Total returns to shareholders of 92% over the past three years. Recent Insider Transactions • Apr 09
Independent Director recently bought €73k worth of stock On the 7th of April, Prudence Flacks bought around 19k shares on-market at roughly €3.88 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €175k more in shares than they have sold in the last 12 months. Upcoming Dividend • Mar 09
Upcoming Dividend of NZ$0.12 Per Share Will be paid on the 13th of April to those who are registered shareholders by the 15th of March. The trailing yield of 3.0% is below the top quartile of German dividend payers (3.3%), and is lower than industry peers (4.8%). Reported Earnings • Feb 23
First half 2021 earnings released: EPS NZ$0.05 (vs NZ$0.07 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: NZ$473.0m (down 1.5% from 1H 2020). Net income: NZ$24.0m (down 23% from 1H 2020). Profit margin: 5.1% (down from 6.5% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 17
Independent Chairman recently bought €46k worth of stock On the 11th of December, Patrick Strange bought around 10k shares on-market at roughly €4.65 per share. This was the largest purchase by an insider in the last 3 months. This was Patrick's only on-market trade for the last 12 months. Is New 90 Day High Low • Dec 07
New 90-day low: €4.54 The company is down 8.0% from its price of €4.96 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.11 per share. Recent Insider Transactions • Oct 04
Insider recently sold €48k worth of stock On the 29th of September, Andrew Carroll sold around 10k shares on-market at roughly €4.75 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €134k more than they bought in the last 12 months.