SPARK NEW ZEALAND LIMITED (SPK)
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SPK

SPK - SPARK NEW ZEALAND LIMITED

FNArena Sector : Telecommunication
Year End: June
GICS Industry Group : Telecommunication Services
Debt/EBITDA: 2.51
Index: ASX300 | ALL-ORDS

Spark New Zealand, formerly Telecom New Zealand, provides fixed line, mobile and internet services to New Zealand customers. It has been listed on the ASX and NZX since 1991.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.63

07 Aug
2026

-0.010

OPEN

$1.65

-0.61%

HIGH

$1.65

1,808,517

LOW

$1.62

OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . MAQ . SLC . TLS . TPG . TPG . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
SPK: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 10.6 xxx
DPS (cps) 13.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 15.3 xxx
Dividend Yield 8.6% xxx
Div Pay Ratio(%) 131.7% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 4.38%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 12.92

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 19/03 - (franking ex-div 6.32c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx12.8
DPS All xxxxxxxxxxxxxxx25.8
Sales/Revenue xxxxxxxxxxxxxxx3,304.7 M
Book Value Per Share xxxxxxxxxxxxxxx74.5
Net Operating Cash Flow xxxxxxxxxxxxxxx613.9 M
Net Profit Margin xxxxxxxxxxxxxxx6.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx16.08 %
Return on Invested Capital xxxxxxxxxxxxxxx7.36 %
Return on Assets xxxxxxxxxxxxxxx5.46 %
Return on Equity xxxxxxxxxxxxxxx16.08 %
Return on Total Capital xxxxxxxxxxxxxxx9.16 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-62.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx481 M
Long Term Debt xxxxxxxxxxxxxxx1,695 M
Total Debt xxxxxxxxxxxxxxx2,176 M
Goodwill - Gross xxxxxxxxxxxxxxx258 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx31 M
Price To Book Value xxxxxxxxxxxxxxx3.02

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx401.3 M
Capex % of Sales xxxxxxxxxxxxxxx12.14 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,709 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx266 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx81 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgan Stanley

08/07/2026

5

Underweight

-

-

Morgan Stanley believes SpaceX's strategy and execution will "shape" the Australian telco addressable market, growth outlook as well as competitive backdrop.

Commentary suggests investors need to develop a clear view on SpaceX rather than considering it as a far-off business. SpaceX is seen as a real disruptor.

The analyst highlights Starlink's new satellites could create more competition for fixed-line operators including winning subscribers and putting pressure on ARPU.

Starlink's direct-to-device satellite services could also impact and lower terminal values of existing companies. Whilst data centres in space and edge compute via satellite could shift portions of AI and data workloads away from land-based data centres.

Spark New Zealand is Underweight rated with a lower target of NZ$1.80 from NZ$1.90. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 14.48 cents and EPS of 11.07 cents.
Morgan Stanley forecasts a full year FY27 dividend of 14.48 cents and EPS of 12.35 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

29/06/2026

2

Upgrade to Overweight from Neutral

-

-

Jarden upgrades its rating for Spark New Zealand to Overweight with a NZ$2.27 target price following recent share price underperformance.

The analyst notes a compelling valuation entry level has emerged after shares dropped -14% compared to a 2% rise across the broader market index.

Jarden comments that growing overall earnings looks difficult given legacy pressures across the business, particularly concerning broadband gross margins.

In addition, future dividend growth appears unlikely unless capital expenditure is meaningfully reduced.

Mobile divisions remain a constructive earnings lever, the broker concludes, leaving group profitability highly dependent on continued benign regulatory conditions.
Access Extra Coverage Research History >

SPK STOCK CHART

FNArena News on SPK

1
Rudi’s View: July’s Stock Pickers’ Favourites

Jul 09 2026 - Rudi's View
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 03-07-26

Jul 03 2026 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Jun 29, 2026

Jun 29 2026 - Daily Market Reports
4
Rudi’s View: Diversified Asset Allocators

Jun 11 2026 - Rudi's View
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 15-05-26

May 15 2026 - Weekly Reports

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