SPARK INFRASTRUCTURE GROUP (SKI)
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SKI - SPARK INFRASTRUCTURE GROUP

FNArena Sector : Infrastructure & Utilities
Year End: December
GICS Industry Group : Utilities
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Spark Infrastructure is an Australian investment fund that owns and manages a portfolio of electricity infrastructure assets. The company listed on the ASX in 2005.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.71

30 Jul
2021

0.010

OPEN

$2.68

0.37%

HIGH

$2.71

5,938,479

LOW

$2.65

TARGET
$2.578 -4.9% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
SKI: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 6.1 6.0 xxx
DPS (cps) xxx 13.5 12.5 xxx
EPS Growth xxx 30.1% - 1.1% xxx
DPS Growth xxx - 10.0% - 7.4% xxx
PE Ratio xxx N/A 44.9 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 221.3% 207.1% xxx

Dividend yield today if purchased 3 years ago: 5.84%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.98

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: 07/07 - 6.25c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx6.1
DPS All xxxxxxxxxxxxxxx13.5
Sales/Revenue xxxxxxxxxxxxxxx65.4 M
Book Value Per Share xxxxxxxxxxxxxxx91.8
Net Operating Cash Flow xxxxxxxxxxxxxxx71.9 M
Net Profit Margin xxxxxxxxxxxxxxx160.56 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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UBS

19/07/2021

-1

No Rating

-

UBS notes that the indicative proposal from KKR/Ontario Teachers to acquire Spark Infrastructure for $2.80 implies a 4% internal rate of return and equates to 13.3x FY22 EBITDA estimates.

The proposal will require approval from the FIRB and if approved would mean 88% of Victorian and South Australian electricity distribution assets would be foreign-owned.

Separate to the buy-out proposal, the company has also announced plans to develop a 2.5GW renewable energy hub at Dinawan in NSW.

UBS remains cautiously supportive of the company's plans to diversify into renewable and energy storage assets, although notes it currently operates only one - the Bomen solar farm.

The broker is advising KKR/Ontario Teachers and is restricted on rating and target.

FORECAST
UBS forecasts a full year FY21 dividend of 13.00 cents and EPS of 2.00 cents.
UBS forecasts a full year FY22 dividend of 13.00 cents and EPS of 1.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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SKI STOCK CHART