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

$2.28

27 Aug
2025

0.020

OPEN

$2.28

0.88%

HIGH

$2.30

1,667,281

LOW

$2.26

OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . FSG . MAQ . SLC . ST1 . TLS . TPG . TPG . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
SPK: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 12.4 xxx
DPS (cps) 15.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 18.5 xxx
Dividend Yield 6.6% xxx
Div Pay Ratio(%) 121.3% 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

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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: 12/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxxxxxxx xxxx xxxxx-xxxxxx

-

xx.xx%

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Macquarie

21/08/2025

1

Outperform

-

-

Spark New Zealand’s FY25 result was in line with downgraded guidance, observes Macquarie, with earnings (EBITDAI) of NZ$1,060m, down -9% year-on-year.

The sale of -75% of its data centre business has shifted focus to FY26 guidance, with earnings expected at NZ$1,020m-1,080m and dividends of NZ15.5-17.5c under a new free cash flow payout policy.

Guidance was around -8% below the broker's forecast, as growth in mobile and cost savings are offset by ongoing declines in legacy services.

Net debt to earnings is expected to fall to the 1.7 times target in 1H26 once data centre proceeds are applied, supporting the A- credit rating, suggests the analyst.

Macquarie lifts its target to NZ$3.08 from NZ$3.00 and retains an Outperform rating. Dividend growth is seen as supportive.

FORECAST
Macquarie forecasts a full year FY26 dividend of 15.07 cents and EPS of 11.41 cents.
Macquarie forecasts a full year FY27 dividend of 15.98 cents and EPS of 12.51 cents.

UBS

xx/xx/xxxx

1

xxx

-

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

25/08/2025

2

Overweight

-

-

Spark New Zealand's FY25 result met Jarden's expectations, and FY26 EBITDA guidance was marginally higher at midpoint, prompting an upgrade to NZ$1.05bn, within the NZ$1.01-1.07bn range.

The highlight was the introduction of SPK-30 strategy to be detailed at the investor day on Sep 11.

Commentary suggests the initial announcement suggests the company may be open to moving beyond simplification and optimisation in IT to potential exits.

The broker hopes to see more details on investment allocation into core telco, more transparency on cloud, potential IT exits, and balance sheet initiatives.

Overweight. Target trimmed to NZ$2.82 from NZ$2.90 on higher starting debt and more near-term capex.

FORECAST
Jarden forecasts a full year FY26 dividend of 15.52 cents and EPS of 11.32 cents.
Jarden forecasts a full year FY27 dividend of 16.43 cents and EPS of 13.97 cents.
Access Extra Coverage Research History >

SPK STOCK CHART

FNArena News on SPK

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Australian Broker Call *Extra* Edition – Aug 25, 2025

Aug 25 2025 - Daily Market Reports
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Weekly Ratings, Targets, Forecast Changes – 22-08-25

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FNArena Corporate Results Monitor – 21-08-2025

Aug 21 2025 - Australia
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Australian Broker Call *Extra* Edition – Aug 18, 2025 (Extra)

Aug 18 2025 - Daily Market Reports
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Next Week At A Glance – 18-22 Aug 2025

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