Spark New Zealand (SPK) Stock Overview

Provides telecommunications and digital services in New Zealand. More details

SPK fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	1/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 20.3% below our estimate of its fair value

Earnings are forecast to grow 4.18% per year

Risk Analysis

Dividend of 9.77% is not well covered by earnings or free cash flows

Has a high level of debt

SPK Community Fair Values

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Spark New Zealand Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Spark New Zealand
Historical stock prices
Current Share Price	NZ$2.30
52 Week High	NZ$3.28
52 Week Low	NZ$1.78
Beta	0.10
1 Month Change	-1.29%
3 Month Change	9.52%
1 Year Change	-29.45%
3 Year Change	-52.77%
5 Year Change	-47.13%
Change since IPO	24.32%

Recent updates

Shareholder Returns

	SPK	AU Telecom	AU Market
7D	-0.9%	-2.0%	-1.1%
1Y	-29.4%	22.2%	10.9%

Return vs Industry: SPK underperformed the Australian Telecom industry which returned 22.2% over the past year.

Return vs Market: SPK underperformed the Australian Market which returned 10.9% over the past year.

Price Volatility

Is SPK's price volatile compared to industry and market?
SPK volatility
SPK Average Weekly Movement	2.9%
Telecom Industry Average Movement	7.1%
Market Average Movement	9.0%
10% most volatile stocks in AU Market	19.4%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: SPK has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: SPK's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	3,945	Jolie Hodson	www.sparknz.co.nz

Spark New Zealand Limited, together with its subsidiaries, provides telecommunications and digital services in New Zealand. It operates through Mobile, Broadband, IT Products, Voice, IT Services, Procurement and Partners, High-tech, and Other Products segments. The company offers telecommunications, information technology, media, and other digital products and services, including mobile services; IT products; IT products; IT services; voice services; procurement and partner services; and high-tech and data centres.

Spark New Zealand Limited Fundamentals Summary

How do Spark New Zealand's earnings and revenue compare to its market cap?
SPK fundamental statistics
Market cap	AU$4.35b
Earnings (TTM)	AU$226.50m
Revenue (TTM)	AU$3.35b

19.2x

P/E Ratio

1.3x

P/S Ratio

Is SPK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPK income statement (TTM)
Revenue	NZ$3.73b
Cost of Revenue	NZ$2.61b
Gross Profit	NZ$1.12b
Other Expenses	NZ$867.00m
Earnings	NZ$252.00m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Feb 27, 2026

Earnings per share (EPS)	0.13
Gross Margin	30.04%
Net Profit Margin	6.77%
Debt/Equity Ratio	99.0%

How did SPK perform over the long term?

See historical performance and comparison

Dividends

9.8%

Current Dividend Yield

183%

Payout Ratio

Does SPK pay a reliable dividends?

See SPK dividend history and benchmarks

When do you need to buy SPK by to receive an upcoming dividend?
Spark New Zealand dividend dates
Ex Dividend Date	Sep 09 2025
Dividend Pay Date	Oct 03 2025
Days until Ex dividend	1 day
Days until Dividend pay date	25 days

Does SPK pay a reliable dividends?

See SPK dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/09/06 20:04
End of Day Share Price	2025/09/05 00:00
Earnings	2025/06/30
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spark New Zealand Limited is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ware Kuo	BofA Global Research
Andrew Scott	CGS International
Piyush Choudhary	CGS International

Spark New Zealand (SPK) Stock Overview

Rewards

Risk Analysis

Spark New Zealand Limited Competitors

Telstra Group

Aussie Broadband

Solusi Tunas Pratama

IHS Holding

Price History & Performance

Recent News & Updates

Upcoming dividend of NZ$0.14 per share

Spark New Zealand Limited Announces Ordinary Fully Paid Foreign Exempt NZX Dividend for the Six Months Ended June 30, 2025, Payable on October 3, 2025

Final dividend of NZ$0.14 announced

Now 21% undervalued

Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Spark New Zealand Limited to Report First Half, 2026 Results on Feb 27, 2026

Recent updates

Upcoming dividend of NZ$0.14 per share

Spark New Zealand Limited Announces Ordinary Fully Paid Foreign Exempt NZX Dividend for the Six Months Ended June 30, 2025, Payable on October 3, 2025

Final dividend of NZ$0.14 announced

Now 21% undervalued

Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Spark New Zealand Limited to Report First Half, 2026 Results on Feb 27, 2026

Secure Asset Fund, managed by Pacific Equity Partners Pty Limited entered into an agreement to acquire 75% stake in Data Centre Business from Spark New Zealand Limited (NZSE:SPK) for approximately NZD 580 million.

KKR Reportedly Among Parties Doing Sums on Spark Buyout

Spark of Interest as Private Equity Reportedly Looks At Buyout

Interest in Spark Lights Up

Independent Chairman of the Board recently bought AU$376k worth of stock

Upcoming dividend of NZ$0.14 per share

Caisse de dépôt et placement du Québec completed the acquisition of 50% stake in Connexa Limited from Ontario Teachers' Pension Plan Board and Spark New Zealand Limited (NZSE:SPK).

Now 20% undervalued after recent price drop

First half dividend of NZ$0.14 announced

First half 2025 earnings released: EPS: NZ$0.019 (vs NZ$0.086 in 1H 2024)

Investor sentiment deteriorates as stock falls 19%

Spark New Zealand Limited Estimates Ordinary Dividend for the Period of Six Months Ended December 31, 2024, Payable on April 4, 2025

Caisse de dépôt et placement du Québec agreed to acquire 50% stake in Connexa Limited from Ontario Teachers' Pension Plan Board and Spark New Zealand Limited (NZSE:SPK) for approximately AUD 310 million.

Spark New Zealand Limited to Report First Half, 2025 Results on Feb 21, 2025

Spark New Zealand Limited Appoints Stewart Taylor as Chief Financial Officer, Effective 9 December 2024

Price target decreased by 8.8% to AU$3.65

Price target decreased by 7.2% to AU$3.85

Spark New Zealand Limited Announces Board Changes

Price target decreased by 14% to AU$4.15

Final dividend of NZ$0.16 announced

Full year 2024 earnings: EPS and revenues miss analyst expectations

Spark New Zealand Limited Reaffirms Dividend Guidance for the Full Year 2024

Spark New Zealand Limited (NZSE:SPK) announces an Equity Buyback for 33,659,451 shares, representing 5% for NZD 45 million.

First half 2024 earnings: EPS and revenues miss analyst expectations

New minor risk - Profit margin trend

Now 21% undervalued

Spark New Zealand Limited, Annual General Meeting, Nov 01, 2024

Price target increased by 9.1% to AU$4.80

Spark New Zealand Limited to Report First Half, 2024 Results on Feb 22, 2024

Spark New Zealand Limited (NZSE:SPK) signed a conditional agreement to acquire remaining 53% stake in Adroit Group of Companies.

Spark New Zealand Announces Board Changes

Spark New Zealand Limited Announces Dividend for the Six Months Ended June 30, 2023, Payable on October 6, 2023

Upcoming dividend of NZ$0.16 per share at 5.5% yield

New minor risk - Financial position

Spark New Zealand Limited Announces Dividend Estimates for the Six Months Ended June 30, 2023, Payable on October 6, 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Spark Appoints John Wesley-Smith as Strategy and Regulatory Director, Effective from 1 August 2023

Spark New Zealand Appoints Renee Mateparae to the Role of Network and Operations Director, Effective from 1 July 2023

Marketing Director recently sold AU$219k worth of stock

Price target decreased by 7.5% to AU$4.30

First half 2023 earnings released: EPS: NZ$0.45 (vs NZ$0.096 in 1H 2022)

Spark New Zealand Limited, Annual General Meeting, Nov 03, 2023

High number of new directors

Insider recently sold AU$187k worth of stock

Independent Chairman of the Board recently bought AU$160k worth of stock

Upcoming dividend of NZ$0.15 per share

Chief Operating Officer recently sold AU$339k worth of stock

High number of new directors

Full year 2022 earnings: EPS misses analyst expectations

Spark New Zealand Limited Provides Dividend Guidance for the Fiscal Year 2023

Ontario Teachers' Pension Plan Board agreed to acquire 70% stake in Spark TowerCo from Spark New Zealand Limited (NZSE:SPK) for NZD 900 million.

Five Reportedly on Shortlist for Spark Towers

Spark New Zealand Limited Announces Changes to Board

Spark New Zealand Limited Declares Dividend for Period of Six Months Ended December 31, 2021, Payable on April 8, 2022

Upcoming dividend of NZ$0.15 per share

General Counsel recently sold AU$86k worth of stock

First half 2022 earnings: EPS and revenues exceed analyst expectations