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

$4.48

30 Jul
2021

-0.030

OPEN

$4.53

-0.67%

HIGH

$4.54

1,192,302

LOW

$4.48

TARGET
$4.50 0.4% 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 FY21
Forecast		 FY22
Forecast
EPS (cps) 19.8 xxx
DPS (cps) 23.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 22.6 xxx
Dividend Yield 5.2% xxx
Div Pay Ratio(%) 117.5% 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: 6.78%

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: 18/03 - 11.55c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx22.1
DPS All xxxxxxxxxxxxxxx27.4
Sales/Revenue xxxxxxxxxxxxxxx3,403.6 M
Book Value Per Share xxxxxxxxxxxxxxx76.0
Net Operating Cash Flow xxxxxxxxxxxxxxx849.0 M
Net Profit Margin xxxxxxxxxxxxxxx11.90 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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EXPERT VIEWS
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Sentiment Indicator

0.5

No. Of Recommendations

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

Credit Suisse

xx/xx/xxxx

1

xxxxxx xxxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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Macquarie

25/02/2021

3

Neutral

-

-

Due to Covid headwinds, and higher voice revenue declines, Spark New Zealand delivered a solid, yet unspectacular 1H21 earnings (EBITDAI) result of $502m, flat on the previous corresponding period, and below Macquarie’s expected $524m (consensus $512m).

Macquarie noted border closures, resulting in around -44,000 fewer people migrating to NZ in 1H21 vs 1H20, led to a drop in broadband and mobile service revenue by -2.3% and -1.2% respectively.

At the earnings (EBITDAI) level, the covid impact was quantified at -$27m (and -$50m for FY21), mainly in broadband and mobile.

Management reaffirmed FY21 earnings (EBITDAI) guidance, with the range narrowing to $1,100-$1,130m, and the FY21 dividend forecast lifted to the top of the 23-25cps range.

The FY21 EPS forecast was lowered by -7% to reflect the miss in 1H20. Neutral and NZ$4.80 target retained.

FORECAST
Macquarie forecasts a full year FY21 dividend of 23.27 cents and EPS of 19.46 cents.
Macquarie forecasts a full year FY22 dividend of 24.21 cents and EPS of 22.07 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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SPK STOCK CHART

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