Professional
Added to YB: 2024-11-19
Pitch date: 2024-09-30
CNU.AX [bullish]
Chorus Limited
+8%
current return
Author Info
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Company Info
Chorus Limited, together with its subsidiaries, engages in the provision of fixed line communications infrastructure services in New Zealand.
Market Cap
NZD 3.7B
Pitch Price
NZD 7.53
Price Target
N/A
Dividend
6.70%
EV/EBITDA
11.34
P/E
-414.71
EV/Sales
7.22
Sector
Diversified Telecommunication Services
Category
dividend
Show full summary:
L1 Capital Long Short Fund Portfolio Holding: Chorus Limited
CNU.AX: Chorus shares +9% on FY24 earnings, FY25 guidance, new strategy. Dividend policy up to 70-90% FCF, FY25 div 57.5c (+21% YoY). Shifts from capital-intensive fibre rollout to cash-generative ops. Market underappreciates inflection point & unique regulated digital infra asset.
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