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: 1.89
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

$1.805

24 Aug
2026

-0.015

OPEN

$1.80

-0.82%

HIGH

$1.83

2,616,294

LOW

$1.78

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 FY27
Forecast		 FY28
Forecast
EPS (cps) 11.6 xxx
DPS (cps) 14.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 15.6 xxx
Dividend Yield 8.0% xxx
Div Pay Ratio(%) 124.7% 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: 2.88%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.39

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 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx22.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx3,140.1 M
Book Value Per Share xxxxxxxxxxxxxxx71.5
Net Operating Cash Flow xxxxxxxxxxxxxxx896.2 M
Net Profit Margin xxxxxxxxxxxxxxx13.36 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx30.40 %
Return on Invested Capital xxxxxxxxxxxxxxx14.42 %
Return on Assets xxxxxxxxxxxxxxx10.87 %
Return on Equity xxxxxxxxxxxxxxx30.40 %
Return on Total Capital xxxxxxxxxxxxxxx10.06 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx238.3 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx236 M
Long Term Debt xxxxxxxxxxxxxxx1,366 M
Total Debt xxxxxxxxxxxxxxx1,603 M
Goodwill - Gross xxxxxxxxxxxxxxx228 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx129 M
Price To Book Value xxxxxxxxxxxxxxx2.15

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx323.8 M
Capex % of Sales xxxxxxxxxxxxxxx10.31 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,595 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx216 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx148 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

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

21/08/2026

1

Buy

-

-

UBS sees Spark's FY26 result as a step in the right direction, with EBITDA and free cash flow in line with guidance, while slowing mobile market share losses and lower than expected churn following price increases are encouraging.

FY27 free cash flow guidance implies 5.5% growth at the midpoint, while dividend guidance of NZD16-NZD18c is ahead of consensus.

The broker also sees upside from new mobile and wireless broadband products, a potential Digital Services sale and capital management.

EPS forecasts are downgraded by -15% for FY27 and -8% for FY28.

UBS maintains its Buy rating and NZ$3.00 target, with the more than 7% dividend yield providing valuation support.

FORECAST
UBS forecasts a full year FY27 dividend of 14.43 cents and EPS of 11.04 cents.
UBS forecasts a full year FY28 dividend of 19.52 cents and EPS of 13.58 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

-

xx.xx%

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

24/08/2026

2

Overweight

-

-

Jarden maintains its Overweight recommendation for Spark New Zealand with its target price increased to NZ$2.28 from NZ$2.27 following an FY26 result featuring normalised EBITDAI of NZ$1,035m, landing near the middle of guidance and modestly ahead of the broker's expectations.

While overall revenues remained flat, the company achieved a welcome return to growth within its Mobile segment, though revenues and margins contracted across most other business lines to highlight ongoing operational pressures.

Management believes the group remains firmly on track to deliver its FY27 cost-out target of NZ$110m to NZ$140m in annualised savings and bring gearing back in line with its credit rating target.

The broker's estimates reflect minimal earnings changes, with the analyst retaining the Overweight rating on valuation grounds.

FORECAST
Jarden forecasts a full year FY27 dividend of 21.22 cents and EPS of 14.01 cents.
Jarden forecasts a full year FY28 dividend of 21.22 cents and EPS of 15.28 cents.
Access Extra Coverage Research History >

SPK STOCK CHART

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