Skip to Content

Chorus Ltd CNU Stock Quote

| Rating as of

Morningstar‘s Stock Analysis CNU

Currency in NZD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Chorus Delivers a Soothing Lullaby for Defensive-Minded Investors

Brian Han Director

Analyst Note

| Brian Han |

We lift our fair value estimate for Chorus by 3% to NZD 7.20 (AUD 6.50 at current exchange rates), reflecting better-than-expected fibre revenue momentum. Critically, defensive attributes of the group were on full display with its fiscal 2022 result, despite COVID-19's continuing impact on fibre installations and staff productivity.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics CNU

Company Profile CNU

Business Description

Chorus is New Zealand’s largest fixed-line communications infrastructure company, and was demerged in 2011 from Telecom New Zealand. Chorus offers wholesale access to its nationwide copper and fibre network to retail service providers. It also provides backhaul services to retail service providers and connects mobile phone towers. Chorus is currently involved in the government's rollout of ultra-fast broadband, a fibre-to-the-premises network to cover 87% of the population by the end of 2023.

1 Willis Street, Level 10, P.O. Box 632
Wellington, NTL, New Zealand
T +64 800600100
Industry Telecom Services
Most Recent Earnings
Fiscal Year End Jun 30, 2023
Employees 799