How to buy Chorus shares | A$8.37

Chorus Limited is a telecom services business based in Australia. Chorus shares (CNU) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $8.37 – an increase of 1.45% over the previous week. and has a market cap (total outstanding shares value) of $3.7 billion.

How to buy shares in Chorus

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Chorus. Find the share by name or ticker symbol: CNU. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Chorus reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $8.37, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Chorus. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Chorus's share price?

Since the stock market crash in March caused by coronavirus, Chorus's share price has had significant positive movement.

Its last market close was $8.37, which is 27.36% up on its pre-crash value of $6.08 and 55.00% up on the lowest point reached during the March crash when the shares fell as low as $5.4.

If you had bought $1,000 worth of Chorus shares at the start of February 2020, those shares would have been worth $951.53 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,352.17.

Chorus share price

Use our graph to track the performance of CNU stocks over time.

Chorus shares at a glance

• Key figures

Information last updated 2020-09-13.

Latest market close	AUDA$8.37
52-week range	AUDA$4.63 - AUDA$8.51
50-day moving average	AUDA$7.3706
200-day moving average	AUDA$6.9446
Target price	AUDA$3.48
PE ratio	89.851
Dividend yield	AUDA$0.22 (2.69%)
Earnings per share (TTM)	AUDA$0.114

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Chorus stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Chorus Limited by TradingView

Chorus price performance over time

Historical closes compared with the last close of A$8.37

1 week (2020-09-11)	1.45%
1 month (2020-08-18)	16.09%
3 months (2020-06-18)	17.89%
6 months (2020-03-18)	32.44%

1 year (2019-09-18)	70.82%
2 years (2018-09-18)	84.36%
3 years (2017-09-18)	136.44%
5 years (2015-09-18)	259.23%

Is Chorus under- or over-valued?

Valuing Chorus stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Chorus's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Chorus's P/E ratio

Chorus's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 90x. In other words, Chorus shares trade at around 90x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Chorus's PEG ratio

Chorus's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.8435. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Chorus's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Chorus financials

Gross profit TTM	$657 million
Return on assets TTM	2.83%
Return on equity TTM	5.46%
Profit margin	5.42%
Book value	2.357
Market capitalisation	$3.7 billion

TTM: trailing 12 months

Chorus share dividends

Dividend payout ratio: 237.48% of net profits

Recently Chorus has paid out, on average, around 237.48% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.69% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Chorus shareholders could enjoy a 2.69% return on their shares, in the form of dividend payments. In Chorus's case, that would currently equate to about A$0.22 per share.

Chorus's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 13 September 2020 (the "ex-dividend date").

Chorus share price volatility

Over the last 12 months, Chorus's shares have ranged in value from as little as $4.63 up to $8.51. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Chorus's is 0.1735. This would suggest that Chorus's shares are less volatile than average (for this exchange).

Chorus overview

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.

Frequently asked questions

• What percentage of Chorus is owned by insiders or institutions?

  Currently 8.357% of Chorus shares are held by insiders and 33.999% by institutions.

• When does the fiscal year end for Chorus?

  Chorus's fiscal year ends in June.

• Where is Chorus based?

  Chorus's address is: 1 Willis Street, Wellington, New Zealand