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
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

$4.59

23 Sep
2021

-0.010

OPEN

$4.58

-0.22%

HIGH

$4.61

799,951

LOW

$4.58

TARGET
$4.65 1.3% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AYS . HTA . MTU . SLC . TLS . TPG . VTG . VOC . MNF . ABB . ST1 . OTW . UWL . MAQ . OPC . TPG . CNU . 5GN .
FNARENA'S MARKET CONSENSUS FORECASTS
SPK: 1
Title FY22
Forecast
FY23
Forecast
EPS (cps) 21.5 xxx
DPS (cps) 23.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 21.2 xxx
Dividend Yield 5.1% xxx
Div Pay Ratio(%) 108.8% 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: 6.63%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.30

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: 16/09 - 11.88c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx19.3
DPS All xxxxxxxxxxxxxxx27.4
Sales/Revenue xxxxxxxxxxxxxxx3,317.9 M
Book Value Per Share xxxxxxxxxxxxxxx74.9
Net Operating Cash Flow xxxxxxxxxxxxxxx792.9 M
Net Profit Margin xxxxxxxxxxxxxxx10.77 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx9.06 %
Return on Equity xxxxxxxxxxxxxxx25.57 %
Return on Total Capital xxxxxxxxxxxxxxx16.21 %
Capex xxxxxxxxxxxxxxx359.2 M
Capex % of Sales xxxxxxxxxxxxxxx10.83 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx126.6 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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Login above or Get a Free Trial

Credit Suisse

19/08/2021

3

Neutral

$4.65

1.31%

Spark New Zealand's FY21 result was in line with Credit Suisse, and the earnings outlook into FY22 was also consistent with the broker's expectations with earnings guidance of NZ$1,130-1,160m.

However, the free cash flow (FCF) aspiration of NZ$420-460m was lower than Credit Suisse's estimate of NZ$497m. 

While management remains committed to the FY23 FCF target of circa NZ$500m, the broker now forecasts FCF to be just under to take into account higher mobile capex (5G rollout) and investment into cloud services.

Based on the detail provided, the broker estimates that the company's macro towers portfolio could generate earnings of circa NZ$33m and would be valued at around NZ$660m based on a 20x earnings multiple.

Neutral rating is unchanged and the target increases to $4.65 from $4.50.

FORECAST
Credit Suisse forecasts a full year FY22 dividend of 23.43 cents and EPS of 20.62 cents.
Credit Suisse forecasts a full year FY23 dividend of 24.36 cents and EPS of 21.55 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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Login above or Get a Free Trial

SPK STOCK CHART