Chorus Limited, together with its subsidiaries, provides fixed line communications infrastructure services in New Zealand.
Overvalued with concerning outlook.
Share Price & News
How has Chorus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CRRL.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how CRRL.F performed against the US Telecom industry.
Return vs Market: Insufficient data to determine how CRRL.F performed against the US Market.
Price Volatility Vs. Market
How volatile is Chorus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Chorus undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CRRL.F ($3.85) is trading below our estimate of fair value ($4.65)
Significantly Below Fair Value: CRRL.F is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CRRL.F is poor value based on its PE Ratio (56.9x) compared to the Telecom industry average (14.5x).
PE vs Market: CRRL.F is poor value based on its PE Ratio (56.9x) compared to the US market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: CRRL.F is poor value based on its PEG Ratio (6.4x)
Price to Book Ratio
PB vs Industry: CRRL.F is overvalued based on its PB Ratio (3.2x) compared to the US Telecom industry average (1x).
How is Chorus forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRRL.F's forecast earnings growth (8.9% per year) is above the savings rate (1.7%).
Earnings vs Market: CRRL.F's earnings (8.9% per year) are forecast to grow slower than the US market (13.4% per year).
High Growth Earnings: CRRL.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: CRRL.F's revenue (0.3% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: CRRL.F's revenue (0.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CRRL.F's Return on Equity is forecast to be low in 3 years time (6.9%).
How has Chorus performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRRL.F has high quality earnings.
Growing Profit Margin: CRRL.F's current net profit margins (5.6%) are lower than last year (6.9%).
Past Earnings Growth Analysis
Earnings Trend: CRRL.F's earnings have declined by -10.9% per year over the past 5 years.
Accelerating Growth: CRRL.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CRRL.F had negative earnings growth (-20.6%) over the past year, making it difficult to compare to the Telecom industry average (4.8%).
Return on Equity
High ROE: CRRL.F's Return on Equity (5.5%) is considered low.
How is Chorus's financial position?
Financial Position Analysis
Short Term Liabilities: CRRL.F's short term assets (NZ$894.0M) do not cover its short term liabilities (NZ$1.0B).
Long Term Liabilities: CRRL.F's short term assets (NZ$894.0M) do not cover its long term liabilities (NZ$4.2B).
Debt to Equity History and Analysis
Debt Level: CRRL.F's debt to equity ratio (352.7%) is considered high.
Reducing Debt: CRRL.F's debt to equity ratio has increased from 222.5% to 352.7% over the past 5 years.
Debt Coverage: CRRL.F's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: CRRL.F's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Inventory Level: CRRL.F has a high level of physical assets or inventory.
Debt Coverage by Assets: CRRL.F's debt is not covered by short term assets (assets are 0.3x debt).
What is Chorus's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CRRL.F's dividend (3.38%) is higher than the bottom 25% of dividend payers in the US market (2.07%).
High Dividend: CRRL.F's dividend (3.38%) is low compared to the top 25% of dividend payers in the US market (5.82%).
Stability and Growth of Payments
Stable Dividend: CRRL.F has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CRRL.F's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (192.4%), CRRL.F's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CRRL.F's dividends in 3 years are not forecast to be well covered by earnings (181.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Jean-Baptiste B. Rousselot, also known as JB, has been Chief Executive Office and Director of Chorus Limited since November 20, 2019. Mr. Rousselot was Chief Strategy Officer of nbn co limited since Ju ...
|CEO & Director||0.42yr||no data||no data|
|Chief Financial Officer||1.33yrs||no data||no data|
|Chief Technology Officer||no data||no data||0.013% NZ$242.5k|
|Investor Relations Manager||no data||no data||no data|
|General Counsel & Company Secretary||1.67yrs||no data||no data|
|Media & PR Manager||no data||no data||no data|
|General Manager of People & Culture||2.58yrs||no data||0.000070% NZ$1.3k|
|Chief Customer Officer||1.75yrs||no data||no data|
|Treasurer||no data||no data||no data|
|General Manager of Network & Field Management||1.92yrs||no data||0.016% NZ$295.5k|
Experienced Management: CRRL.F's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|CEO & Director||0.42yr||no data||no data|
|Deputy Chairman||4.58yrs||NZ$167.75k||0.016% NZ$284.9k|
|Independent Chairman||4.58yrs||NZ$223.65k||0.0092% NZ$166.8k|
|Independent Director||2.75yrs||NZ$125.75k||0.0022% NZ$40.6k|
|Independent Director||4.58yrs||NZ$125.75k||0.026% NZ$463.3k|
|Independent Director||8.33yrs||NZ$145.78k||0.0043% NZ$78.0k|
|Independent Non-Executive Director||3.42yrs||NZ$130.30k||0.0064% NZ$114.8k|
|Independent Director||0.50yr||no data||no data|
Experienced Board: CRRL.F's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CRRL.F insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Chorus Limited's company bio, employee growth, exchange listings and data sources
- Name: Chorus Limited
- Ticker: CRRL.F
- Exchange: OTCPK
- Founded: 2008
- Industry: Alternative Carriers
- Sector: Telecom
- Market Cap: NZ$3.084b
- Listing Market Cap: NZ$1.805b
- Shares outstanding: 443.71m
- Website: https://www.chorus.co.nz
Number of Employees
- Chorus Limited
- 1 Willis Street
- Level 10
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CNU||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Nov 2011|
|CNU||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Nov 2011|
|7CH||BST (Boerse-Stuttgart)||Yes||Ordinary Shares||DE||EUR||Nov 2011|
|CRRL.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Nov 2011|
|7CH||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Nov 2011|
|CNU||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Nov 2011|
|CHRY.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADS||US||USD||Nov 2011|
Chorus Limited, together with its subsidiaries, provides fixed line communications infrastructure services in New Zealand. It offers phone and broadband services over copper and fiber networks for residential and business customers; and very high speed digital subscriber line broadband services. The company also provides colocation services. Chorus Limited was founded in 2008 and is based in Wellington, New Zealand.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 10:27|
|End of Day Share Price||2020/03/12 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.