SPARK NEW ZEALAND LIMITED (SPK)
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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

$4.47

27 Sep
2023

0.020

OPEN

$4.44

0.45%

HIGH

$4.48

1,530,257

LOW

$4.42

TARGET
$4.50 0.7% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
5GG . ABB . CNU . ESK . FSG . HTA . MAQ . SLC . ST1 . SYM . TLS . TPG . TPG . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
SPK: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 23.3 xxx
DPS (cps) 25.6 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 18.9 xxx
Dividend Yield 5.8% xxx
Div Pay Ratio(%) 109.9% 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 :

 5.71

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: 14/09 - ex-div 12.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

Macquarie

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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Morgan Stanley

21/08/2023

1

Overweight

-

-

Spark New Zealand's FY23 adjusted earnings (EBITDA) were in line with guidance, while Morgan Stanley highlights FY24 dividend guidance was introduced at 27.5cps, up from 27cps in FY23.

Management expects net debt will increase to more normalised levels while remaining within the credit rating as the buyback (NZ$204m remaining) and investment program complete.

FY24 earnings guidance of NZ$1,215-1,260m implies to the analysts 3-4% growth on the previous corresponding period, in
line with consensus expectations.

Price target is NZ$5.40. Overweight rating retained. Industry view: In-line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 25.81 cents and EPS of 22.77 cents.
Morgan Stanley forecasts a full year FY25 dividend of 25.81 cents and EPS of 24.25 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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SPK STOCK CHART

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Australian Broker Call *Extra* Edition – Jul 19, 2023

Jul 19 2023 - Daily Market Reports

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