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: 2.51
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

$1.545

18 Jun
2026

-0.025

OPEN

$1.57

-1.59%

HIGH

$1.59

1,482,154

LOW

$1.55

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 FY26
Forecast		 FY27
Forecast
EPS (cps) 11.0 xxx
DPS (cps) 14.2 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 13.7 xxx
Dividend Yield 9.4% xxx
Div Pay Ratio(%) 129.1% 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: 4.38%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 13.59

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: 09/09 - (franking ex-div 10.99c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx12.8
DPS All xxxxxxxxxxxxxxx25.8
Sales/Revenue xxxxxxxxxxxxxxx3,304.7 M
Book Value Per Share xxxxxxxxxxxxxxx74.5
Net Operating Cash Flow xxxxxxxxxxxxxxx613.9 M
Net Profit Margin xxxxxxxxxxxxxxx6.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx16.08 %
Return on Invested Capital xxxxxxxxxxxxxxx7.36 %
Return on Assets xxxxxxxxxxxxxxx5.46 %
Return on Equity xxxxxxxxxxxxxxx16.08 %
Return on Total Capital xxxxxxxxxxxxxxx9.16 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-62.9 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx481 M
Long Term Debt xxxxxxxxxxxxxxx1,695 M
Total Debt xxxxxxxxxxxxxxx2,176 M
Goodwill - Gross xxxxxxxxxxxxxxx258 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx31 M
Price To Book Value xxxxxxxxxxxxxxx3.02

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx401.3 M
Capex % of Sales xxxxxxxxxxxxxxx12.14 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,709 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx266 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx81 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

UBS

xx/xx/xxxx

1

xxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

19/02/2026

1

Outperform

-

-

Spark New Zealand delivered a solid 1H26 result, Macquarie suggests, and reaffirmed FY26 guidance, suggesting return to a "normalised" 45%/55% 1H/2H skew.

Spark is currently navigating a period of significant structural upheaval, the broker notes, primarily driven by the erosion of legacy revenue streams as markets transition from traditional copper-based services to lower-margin fibre and digital alternatives.

This shift is exacerbated by intense price competition in the mobile and broadband sectors, which has suppressed Average Revenue Per User and strained margins amid a broader economic downturn and reduced enterprise and government spending.

Despite cyclical and structural challenges, a renewed focus on its core connections business has potential to grow free cash flow to support dividend growth, Macquarie suggests. Target NZ$3.08, Outperform retained.

FORECAST
Macquarie forecasts a full year FY26 dividend of 14.01 cents and EPS of 10.46 cents.
Macquarie forecasts a full year FY27 dividend of 14.70 cents and EPS of 12.19 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

-

xx.xx%

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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

12/05/2026

3

Downgrade to Neutral from Overweight

-

-

Jarden downgrades Spark New Zealand to a Neutral rating with a NZ$2.27 price target following a review of earnings momentum through FY26.

Normalised earnings per share forecasts have been reduced by -11.4c for FY26 and -13.3c for FY27 due to subdued cloud margins and a step down in fixed wireless pricing.

Dividends per share are projected at NZ16.0c across the next two financial years, reflecting a reset that sits back in line with 2013 levels.

Stabilising operating earnings will likely require significant cost-out measures and a potential divestment of non-core IT businesses to reduce capital intensity, the broker suggests.

Structural connectivity factors and higher risk-free rates pose ongoing downside risks, while management execution on business simplification remains a potential positive catalyst, the report concludes.

FORECAST
Jarden forecasts a full year FY26 dividend of 13.84 cents and EPS of 9.86 cents.
Jarden forecasts a full year FY27 dividend of 13.84 cents and EPS of 11.50 cents.
Access Extra Coverage Research History >

SPK STOCK CHART

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