Risk factor
Negligible price volatility
Profitability factor
Solid dividends
About
Operating across New Zealand, Chorus Limited, along with its subsidiaries, delivers essential fixed-line telecommunications infrastructure. The company supplies both telephone and internet access solutions to residential households and commercial businesses, including high-speed digital subscriber line (DSL) broadband. A core function involves the construction and ongoing upkeep of an extensive network, comprising fibre optic and copper cabling, local telephone exchanges, and street-side cabinets. Furthermore, Chorus Limited offers data centre colocation facilities. Established in 2008, the firm's headquarters are situated in Wellington, New Zealand.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB
Target Price
The average target price of CNU.AX is 8.4 and suggests 3% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation