Spark Infrastructure Group is a publicly owned investment manager. More Details
Second-rate dividend payer and slightly overvalued.
Share Price & News
How has Spark Infrastructure Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SKI is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SKI's weekly volatility (3%) has been stable over the past year.
7 Day Return
AU Electric Utilities
1 Year Return
AU Electric Utilities
Return vs Industry: SKI underperformed the Australian Electric Utilities industry which returned 14.1% over the past year.
Return vs Market: SKI matched the Australian Market which returned 1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Spark Infrastructure Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StLooking For Steady Income For Your Dividend Portfolio? Is Spark Infrastructure Group (ASX:SKI) A Good Fit?
4 weeks ago | Simply Wall StSpark Infrastructure Group (ASX:SKI) Takes On Some Risk With Its Use Of Debt
1 month ago | Simply Wall StIs Spark Infrastructure Group's (ASX:SKI) Stock On A Downtrend As A Result Of Its Poor Financials?
Is Spark Infrastructure Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SKI (A$2.09) is trading below our estimate of fair value (A$4.98)
Significantly Below Fair Value: SKI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SKI is poor value based on its PE Ratio (46.8x) compared to the XO Electric Utilities industry average (43.6x).
PE vs Market: SKI is poor value based on its PE Ratio (46.8x) compared to the Australian market (22.7x).
Price to Earnings Growth Ratio
PEG Ratio: SKI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SKI's PB Ratio (2.3x) is in line with the XO Electric Utilities industry average.
How is Spark Infrastructure Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SKI's earnings are forecast to decline over the next 3 years (-17% per year).
Earnings vs Market: SKI's earnings are forecast to decline over the next 3 years (-17% per year).
High Growth Earnings: SKI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SKI's revenue is expected to decline over the next 3 years (-9.7% per year).
High Growth Revenue: SKI's revenue is forecast to decline over the next 3 years (-9.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SKI's Return on Equity is forecast to be low in 3 years time (4.7%).
How has Spark Infrastructure Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SKI has high quality earnings.
Growing Profit Margin: SKI became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SKI's earnings have declined by 25.6% per year over the past 5 years.
Accelerating Growth: SKI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SKI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electric Utilities industry (-21.9%).
Return on Equity
High ROE: SKI's Return on Equity (4.8%) is considered low.
How is Spark Infrastructure Group's financial position?
Financial Position Analysis
Short Term Liabilities: SKI's short term assets (A$144.0M) exceed its short term liabilities (A$90.3M).
Long Term Liabilities: SKI's short term assets (A$144.0M) do not cover its long term liabilities (A$1.4B).
Debt to Equity History and Analysis
Debt Level: SKI's debt to equity ratio (80.5%) is considered high.
Reducing Debt: SKI's debt to equity ratio has increased from 49.2% to 80.5% over the past 5 years.
Debt Coverage: SKI's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: SKI's interest payments on its debt are not well covered by EBIT (2x coverage).
What is Spark Infrastructure Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SKI's dividend (6.7%) is higher than the bottom 25% of dividend payers in the Australian market (2.03%).
High Dividend: SKI's dividend (6.7%) is in the top 25% of dividend payers in the Australian market (5.02%)
Stability and Growth of Payments
Stable Dividend: SKI's dividend payments have been volatile in the past 10 years.
Growing Dividend: SKI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (324.6%), SKI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SKI's dividends in 3 years are not forecast to be well covered by earnings (311% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rick Francis (51 yo)
Mr. Richard F. Francis, also known as Rick, B.Com., M.B.A., C.A., MAICD, GAICD, FAICD, has been Chief Executive Officer and Managing Director of Spark Infrastructure Group since May 31, 2012. Mr. Francis h...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD1.22M) is below average for companies of similar size in the Australian market ($USD1.89M).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
|MD, CEO & Executive Director||8.58yrs||AU$1.64m||0.039% |
|Chief Financial Officer||1.17yrs||AU$522.76k||0.0070% |
|Head of Investor Relations||no data||no data||no data|
|General Counsel & Company Secretary||12.25yrs||AU$766.02k||no data|
|Head of Economic Regulation & Energy Policy||1.83yrs||no data||no data|
|Head of Renewables||no data||no data||no data|
Experienced Management: SKI's management team is seasoned and experienced (5.2 years average tenure).
|MD, CEO & Executive Director||8.58yrs||AU$1.64m||0.039% |
|Independent Chairman||4.58yrs||AU$303.00k||0.015% |
|Independent Director||3.92yrs||AU$152.36k||0.0057% |
|Independent Director||10.75yrs||AU$149.90k||0.014% |
|Non-Executive Director||0.50yr||no data||0.0029% |
|Independent Director||1.17yrs||AU$28.94k||0.012% |
Experienced Board: SKI's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SKI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
Spark Infrastructure Group's company bio, employee growth, exchange listings and data sources
- Name: Spark Infrastructure Group
- Ticker: SKI
- Exchange: ASX
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: AU$3.650b
- Shares outstanding: 1.74b
- Website: https://www.sparkinfrastructure.com
Number of Employees
- Spark Infrastructure Group
- 225 George Street
- Level 29
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SKI||ASX (Australian Securities Exchange)||Yes||Stapled Securities||AU||AUD||Mar 2007|
|SFDP.F||OTCPK (Pink Sheets LLC)||Yes||Stapled Securities||US||USD||Mar 2007|
|02S||DB (Deutsche Boerse AG)||Yes||Stapled Securities||DE||EUR||Mar 2007|
|SKI||CHIA (Chi-X Australia)||Yes||Stapled Securities||AU||AUD||Mar 2007|
Spark Infrastructure Group is a publicly owned investment manager. The firm invests in the regulated utility infrastructure markets across the globe. It aims for a balanced portfolio. The firm's earnings a...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/04 07:05|
|End of Day Share Price||2020/12/04 00:00|
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 here.