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: 2.19
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

$1.80

24 Mar
2025

-0.020

OPEN

$1.82

-1.10%

HIGH

$1.83

2,085,241

LOW

$1.79

OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . FSG . HTA . MAQ . SLC . ST1 . TLS . TPG . TPG . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
SPK: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 14.0 xxx
DPS (cps) 22.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.9 xxx
Dividend Yield 12.6% xxx
Div Pay Ratio(%) 163.0% 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: 5.83%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 13.77

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: 12/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic 20.922.119.320.655.516.0
DPS All 26.527.427.427.629.129.9
Sales/Revenue 3,298.4 M3,403.6 M3,317.9 M3,462.5 M3,545.7 M3,477.4 M
Book Value Per Share 76.476.074.971.396.880.0
Net Operating Cash Flow 721.0 M849.0 M792.9 M780.8 M723.8 M697.5 M
Net Profit Margin 11.63 %11.90 %10.77 %11.10 %29.29 %8.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed 27.25 %28.95 %25.57 %28.13 %66.59 %18.07 %
Return on Invested Capital 15.08 %13.70 %12.14 %14.00 %35.24 %9.25 %
Return on Assets 10.87 %10.15 %9.06 %10.09 %26.25 %7.00 %
Return on Equity 27.25 %28.95 %25.57 %28.13 %66.59 %18.07 %
Return on Total Capital 19.53 %17.09 %16.21 %18.21 %16.96 %13.97 %
Free Cash Flow ex dividends -98.4 M40.8 M126.6 M-38.4 M-161.0 M-305.3 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 201920202021202220232024
Short-Term Debt 457 M281 M435 M312 M289 M465 M
Long Term Debt 1,401 M1,714 M1,380 M1,379 M1,395 M1,689 M
Total Debt 1,859 M1,994 M1,815 M1,691 M1,684 M2,154 M
Goodwill - Gross 250 M252 M251 M255 M260 M266 M
Cash & Equivalents - Generic 52 M50 M67 M64 M92 M54 M
Price To Book Value 5.015.615.966.094.844.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex 389.1 M372.8 M359.2 M398.4 M440.1 M545.8 M
Capex % of Sales 11.80 %10.95 %10.83 %11.51 %12.41 %15.70 %
Cost of Goods Sold 2,503 M2,609 M2,598 M2,704 M2,737 M2,753 M
Selling, General & Admin. Exp & Other 232 M227 M185 M190 M258 M230 M
Research & Development ------
Investments - Total 205 M344 M234 M203 M259 M211 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

0.7

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

24/02/2025

1

Buy

-

-

Spark New Zealand reported 1H25 EBITDA of NZ$448m, -9% below UBS' estimate, due to higher labour, network support, and IT costs.

Management is targeting over -NZ$100m in cost savings and has announced potential non-core asset sales and data centre partnerships.

The broker sees valuation support emerging but notes near-term headwinds from cost pressures and dividend policy uncertainty.

Financial forecasts have been cut, with FY25, FY26, and FY27 EPS estimates reduced by -20%, -24%, and -1%, respectively, reflecting lower EBITDA guidance and increased depreciation.

UBS analysts have maintained a Buy rating on Spark New Zealand, lowering the price target to NZ$4.25 from NZ$4.55.

FORECAST
UBS forecasts a full year FY25 dividend of 22.76 cents and EPS of 13.66 cents.
UBS forecasts a full year FY26 dividend of 20.94 cents and EPS of 12.75 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

03/03/2025

2

Overweight

-

-

Spark New Zealand once again cut FY25 EBITDA guidance, this time to NZ$1,040-1,100m from NZ$1,120m-NZ$1,180m.

Jarden notes this is the fourth downgrade in a row, and its previously cautious forecast of NZ$1,116m now seems as not cautious enough.

The broker reckons the company has not addressed a significant deterioration in the IT business performance, and prefers to forecast FY25 EBITDA at the bottom of the guidance range at NZ$1,046m.

Target price declines to NZ$3.10 from NZ$3.80. Overweight rating maintained.

FORECAST
Jarden forecasts a full year FY25 dividend of 22.76 cents and EPS of 11.02 cents.
Jarden forecasts a full year FY26 dividend of 18.21 cents and EPS of 13.75 cents.
Access Extra Coverage Research History >

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