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SKI

Spark Infrastructure GroupASX:SKI Stock Report

Market Cap

AU$5.0b

7D

1.8%

1Y

36.7%

Updated

30 Nov, 2021

Data

Company Financials +
SKI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends1/6

SKI Stock Overview

Spark Infrastructure Group is a publicly owned investment manager.

Spark Infrastructure Group Competitors

CK Hutchison Holdings

SEHK:1

HK$187.4b

Henderson Land Development

SEHK:12

HK$154.4b

Shoucheng Holdings

SEHK:697

HK$13.9b

TOM Group

SEHK:2383

HK$3.2b

Price History & Performance

Summary of all time highs, changes and price drops for Spark Infrastructure Group
Historical stock prices
Current Share PriceAU$2.87
52 Week HighAU$2.89
52 Week LowAU$2.00
Beta0.23
1 Month Change2.14%
3 Month Change1.41%
1 Year Change36.67%
3 Year Change24.78%
5 Year Change27.56%
Change since IPO48.71%

Recent News & Updates

Shareholder Returns

SKIAU Electric UtilitiesAU Market
7D1.8%-1.1%-1.9%
1Y36.7%9.4%11.7%

Return vs Industry: SKI exceeded the Australian Electric Utilities industry which returned 9.2% over the past year.

Return vs Market: SKI exceeded the Australian Market which returned 11.4% over the past year.

Price Volatility

Is SKI's price volatile compared to industry and market?
SKI volatility
SKI Average Weekly Movement0.9%
Electric Utilities Industry Average Movement2.5%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.9%
10% least volatile stocks in AU Market3.6%

Stable Share Price: SKI is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: SKI's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a5,400Rick Francishttps://www.sparkinfrastructure.com

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.

Spark Infrastructure Group Fundamentals Summary

How do Spark Infrastructure Group's earnings and revenue compare to its market cap?
SKI fundamental statistics
Market CapAU$5.04b
Earnings (TTM)AU$76.88m
Revenue (TTM)AU$250.84m

65.5x

P/E Ratio

20.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKI income statement (TTM)
RevenueAU$250.84m
Cost of RevenueAU$5.59m
Gross ProfitAU$245.24m
ExpensesAU$168.37m
EarningsAU$76.88m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.044
Gross Margin97.77%
Net Profit Margin30.65%
Debt/Equity Ratio70.4%

How did SKI perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

289%

Payout Ratio

Does SKI pay a reliable dividends?

See SKI dividend history and benchmarks
When do you need to buy SKI by to receive an upcoming dividend?
Spark Infrastructure Group dividend dates
Ex Dividend DateNov 30 2021
Dividend Pay DateDec 08 2021
Days until Ex dividend2 days
Days until Dividend pay date6 days

Does SKI pay a reliable dividends?

See SKI dividend history and benchmarks

Valuation

Is Spark Infrastructure Group undervalued compared to its fair value and its price relative to the market?

18.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SKI (A$2.87) is trading below our estimate of fair value (A$3.5)

Significantly Below Fair Value: SKI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SKI is poor value based on its PE Ratio (65.5x) compared to the Oceanic Electric Utilities industry average (47.3x).

PE vs Market: SKI is poor value based on its PE Ratio (65.5x) compared to the Australian market (18.7x).


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 is overvalued based on its PB Ratio (2.9x) compared to the XO Electric Utilities industry average (2x).


Future Growth

How is Spark Infrastructure Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-33.2%

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 (-33.2% per year).

Earnings vs Market: SKI's earnings are forecast to decline over the next 3 years (-33.2% per year).

High Growth Earnings: SKI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SKI's revenue (3.5% per year) is forecast to grow slower than the Australian market (5.2% per year).

High Growth Revenue: SKI's revenue (3.5% per year) is forecast to grow slower than 20% 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 (4.6%).


Past Performance

How has Spark Infrastructure Group performed over the past 5 years?

-5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SKI has high quality earnings.

Growing Profit Margin: SKI's current net profit margins (30.6%) are higher than last year (28.3%).


Past Earnings Growth Analysis

Earnings Trend: SKI's earnings have declined by 5.5% per year over the past 5 years.

Accelerating Growth: SKI's earnings growth over the past year (1.1%) exceeds its 5-year average (-5.5% per year).

Earnings vs Industry: SKI earnings growth over the past year (1.1%) exceeded the Electric Utilities industry -12.6%.


Return on Equity

High ROE: SKI's Return on Equity (4.5%) is considered low.


Financial Health

How is Spark Infrastructure Group's financial position?


Financial Position Analysis

Short Term Liabilities: SKI's short term assets (A$107.0M) exceed its short term liabilities (A$72.1M).

Long Term Liabilities: SKI's short term assets (A$107.0M) do not cover its long term liabilities (A$1.5B).


Debt to Equity History and Analysis

Debt Level: SKI's net debt to equity ratio (67.4%) is considered high.

Reducing Debt: SKI's debt to equity ratio has increased from 51.5% to 70.4% over the past 5 years.

Debt Coverage: SKI's debt is not well covered by operating cash flow (16.4%).

Interest Coverage: SKI's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Dividend

What is Spark Infrastructure Group current dividend yield, its reliability and sustainability?

4.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SKI's dividend (4.36%) is higher than the bottom 25% of dividend payers in the Australian market (2.33%).

High Dividend: SKI's dividend (4.36%) is low compared to the top 25% of dividend payers in the Australian market (5.64%).


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 fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (288.5%), 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 (545.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Rick Francis (52 yo)

9.5yrs

Tenure

AU$2,146,396

Compensation

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 ($USD1.53M) is about average for companies of similar size in the Australian market ($USD1.70M).

Compensation vs Earnings: Rick's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SKI's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: SKI's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Spark Infrastructure Group's employee growth, exchange listings and data sources


Key Information

  • Name: Spark Infrastructure Group
  • Ticker: SKI
  • Exchange: ASX
  • Founded: NaN
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: AU$5.037b
  • Shares outstanding: 1.75b
  • Website: https://www.sparkinfrastructure.com

Number of Employees


Location

  • Spark Infrastructure Group
  • 225 George Street
  • Level 29
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 07:03
End of Day Share Price2021/11/29 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.