SPARK NEW ZEALAND LIMITED (SPK)
Share Price Analysis and Chart

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SPK - SPARK NEW ZEALAND LIMITED

FNArena Sector : Telecommunication
Year End: June
GICS Industry Group : Telecommunication Services
Debt/EBITDA: 1.66
Index: ASX200 | 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

$3.93

14 May
2024

-0.030

OPEN

$3.96

-0.76%

HIGH

$3.97

1,178,394

LOW

$3.91

TARGET
$4.50 14.5% upside
Franking for last dividend paid out: 0%
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 FY24
Forecast		 FY25
Forecast
EPS (cps) 22.6 xxx
DPS (cps) 25.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 17.0 xxx
Dividend Yield 6.7% xxx
Div Pay Ratio(%) 113.7% 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: 5.91%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.42

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: 21/03 - ex-div 12.71c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx55.5
DPS All xxxxxxxxxxxxxxx29.1
Sales/Revenue xxxxxxxxxxxxxxx3,545.7 M
Book Value Per Share xxxxxxxxxxxxxxx96.8
Net Operating Cash Flow xxxxxxxxxxxxxxx723.8 M
Net Profit Margin xxxxxxxxxxxxxxx29.29 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx66.59 %
Return on Invested Capital xxxxxxxxxxxxxxx35.24 %
Return on Assets xxxxxxxxxxxxxxx26.25 %
Return on Equity xxxxxxxxxxxxxxx66.59 %
Return on Total Capital xxxxxxxxxxxxxxx16.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-161.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx289 M
Long Term Debt xxxxxxxxxxxxxxx1,395 M
Total Debt xxxxxxxxxxxxxxx1,684 M
Goodwill - Gross xxxxxxxxxxxxxxx260 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx92 M
Price To Book Value xxxxxxxxxxxxxxx4.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx440.1 M
Capex % of Sales xxxxxxxxxxxxxxx12.41 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,737 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx258 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx259 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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

29/02/2024

3

Neutral

-

-

Spark New Zealand reported first haIf earnings below Macquarie but reaffirmed FY24 guidance, suggesting a heavy second half bias. The implied bias is not uncommon, the broker notes, and Spark has confidence in its ability to deliver necessary revenue/opex outcomes.

The company had biased its capex investment towards the first half to enable it to drive revenue growth and, in particular, cost containment in the second, Macquarie points out, to support the quantum lift in earnings required to meet guidance.

Spark NZ continues to offer dependable modest earnings growth and annual forecast dividend growth of some 3.5%. In times of cyclical
uncertainly and market volatility, this defensive attribute is valued by investors, Macquarie suggests.

Neutral and NZ$5.29 target retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 25.43 cents and EPS of 22.29 cents.
Macquarie forecasts a full year FY25 dividend of 26.36 cents and EPS of 23.40 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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Access Stockbroker Research History >

SPK STOCK CHART

FNArena News on SPK

1
Australian Broker Call *Extra* Edition – May 15, 2024

10:30 AM - Daily Market Reports
2
Rudi’s View: Quality Reigns, And How To Identify It

May 01 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Mar 12, 2024

Mar 12 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 29-02-2024

Feb 29 2024 - Australia
5
Australian Broker Call *Extra* Edition – Feb 08, 2024

Feb 08 2024 - Daily Market Reports

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