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How to buy Chorus (CNU) shares in Australia

Learn how to easily invest in Chorus shares.

Chorus is a telecom services business based in Australia. Chorus shares (CNU) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Chorus has a trailing 12-month revenue of around $996 million. If you're looking to buy shares, check out the steps below.

How to buy shares in Chorus

To buy shares listed in Australia such as Chorus, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. 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.
  3. 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. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. Decide on how many to buy.
    At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  5. Check on your investment.
    Congratulations, you own a part of Chorus. Optimise your portfolio by tracking how your stock and 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 affect your stock.

Chorus stock price (ASX:CNU)

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

Chorus shares at a glance

Information last updated 2024-07-19.
52-week range$6.3188 - $7.6368
50-day moving average $6.9444
200-day moving average $7.058
Target price$3.48
PE ratio 352.5
Dividend yield $0.445 (4.93%)
Earnings per share (TTM) $0.02

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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.
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Is it a good time to buy Chorus stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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.

Chorus price performance over time

Historical closes compared with the last close of A$7.01

1 week (2024-07-18) -2.23%
1 month (2024-06-26) -1.82%
3 months (2024-04-26) 7.85%
6 months (2024-01-25) -3.71%
1 year (2023-07-26) -9.43%
2 years (2022-07-26) -1.41%
3 years (2021-07-26) 18.81%
5 years (2019-07-26) 35.85%

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 353x. In other words, Chorus shares trade at around 353x 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 2.62. 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's EBITDA

Chorus's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $623 million (£0.0 million).

The EBITDA is a measure of a Chorus's overall financial performance and is widely used to measure stock profitability.

Chorus financials

Revenue TTM $996 million
Operating margin TTM 24.85%
Gross profit TTM $672 million
Return on assets TTM 2.55%
Return on equity TTM 2.27%
Profit margin 2.11%
Book value 2.118
Market capitalisation $3.1 billion

TTM: trailing 12 months

Chorus share dividends

We're not expecting Chorus to pay a dividend over the next 12 months.

Chorus share price volatility

Over the last 12 months, Chorus's shares have ranged in value from as little as $6.3188 up to $7.6368. A popular way to gauge a stock's volatility is its "beta".

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Chorus's is 0.231. 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 for residential and business customers; data and voice services; and asymmetric digital subscriber line and high-speed digital subscriber line broadband services, as well as solutions for transport and infrastructure. The company builds and maintains a network of fibre and copper cables, local telephone exchanges, and cabinets. In addition, it offers co-location and value added network services. Chorus Limited was founded in 2008 and is based in Wellington, New Zealand.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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