Financials Spark New Zealand Limited

Equities

SPK

NZTELE0001S4

Integrated Telecommunications Services

End-of-day quote New Zealand S.E. 06:00:00 2024-05-27 pm EDT 5-day change 1st Jan Change
4.1 NZD -1.80% Intraday chart for Spark New Zealand Limited -2.38% -20.85%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,345 8,377 8,962 8,984 9,391 7,438 - -
Enterprise Value (EV) 1 8,692 9,796 10,293 10,506 10,430 8,748 8,884 8,982
P/E ratio 17.9 x 19.7 x 23.2 x 21.9 x 8.4 x 18 x 17 x 16.3 x
Yield 6.25% 5.48% 5.21% 5.21% 5.3% 6.75% 6.79% 6.92%
Capitalization / Revenue 2.08 x 2.31 x 2.49 x 2.41 x 2.09 x 1.89 x 1.85 x 1.8 x
EV / Revenue 2.46 x 2.7 x 2.86 x 2.82 x 2.32 x 2.23 x 2.21 x 2.17 x
EV / EBITDA 7.97 x 8.8 x 9.16 x 9.14 x 8.74 x 7.34 x 7.19 x 6.99 x
EV / FCF 24 x 19.2 x 19.7 x 35.5 x 21.3 x 23.2 x 19.8 x 18.9 x
FCF Yield 4.16% 5.21% 5.08% 2.82% 4.69% 4.31% 5.05% 5.3%
Price to Book 5.01 x 5.61 x 5.96 x 6.09 x 4.84 x 4.44 x 4.65 x 4.77 x
Nbr of stocks (in thousands) 1,836,192 1,837,045 1,867,125 1,871,587 1,845,001 1,814,155 - -
Reference price 2 4.000 4.560 4.800 4.800 5.090 4.100 4.100 4.100
Announcement Date 8/20/19 8/25/20 8/17/21 8/23/22 8/17/23 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,533 3,623 3,593 3,720 4,491 3,926 4,028 4,144
EBITDA 1 1,090 1,113 1,124 1,150 1,193 1,192 1,235 1,285
EBIT 1 613 634 601 630 689 680.5 719.5 759.5
Operating Margin 17.35% 17.5% 16.73% 16.94% 15.34% 17.33% 17.86% 18.33%
Earnings before Tax (EBT) 1 579 577 553 581 1,152 589.3 613.4 652.3
Net income 1 409 427 384 410 1,135 417.6 437 456.3
Net margin 11.58% 11.79% 10.69% 11.02% 25.27% 10.64% 10.85% 11.01%
EPS 2 0.2230 0.2320 0.2070 0.2190 0.6060 0.2282 0.2412 0.2518
Free Cash Flow 1 362 510 523 296 489 377.4 448.6 476.2
FCF margin 10.25% 14.08% 14.56% 7.96% 10.89% 9.61% 11.14% 11.49%
FCF Conversion (EBITDA) 33.21% 45.82% 46.53% 25.74% 40.99% 31.66% 36.31% 37.06%
FCF Conversion (Net income) 88.51% 119.44% 136.2% 72.2% 43.08% 90.39% 102.67% 104.35%
Dividend per Share 2 0.2500 0.2500 0.2500 0.2500 0.2700 0.2767 0.2783 0.2838
Announcement Date 8/20/19 8/25/20 8/17/21 8/23/22 8/17/23 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 1,779 1,824 1,799 1,796 1,797 1,890 1,830 1,950 2,541 1,976 1,956
EBITDA 1 601 - - - 622 538 - 510 - 530 -
EBIT 1 - - - - 362 281 349 262 427 279 393.4
Operating Margin - - - - 20.14% 14.87% 19.07% 13.44% 16.8% 14.12% 20.11%
Earnings before Tax (EBT) - - - - 340 - - - - - -
Net income 1 - - - - 236 179 - 837 - 157 -
Net margin - - - - 13.13% 9.47% - 42.92% - 7.95% -
EPS 2 - - - - - 0.0960 - 0.4460 - 0.0860 -
Dividend per Share 2 0.1250 - - - - 0.1250 - 0.1350 - 0.1375 0.1400
Announcement Date 8/20/19 2/19/20 8/25/20 2/23/21 8/17/21 2/22/22 8/23/22 2/22/23 8/17/23 2/27/24 -
1NZD in Million2NZD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,347 1,419 1,331 1,522 1,039 1,310 1,446 1,544
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.236 x 1.275 x 1.184 x 1.323 x 0.8709 x 1.099 x 1.171 x 1.202 x
Free Cash Flow 1 362 510 523 296 489 377 449 476
ROE (net income / shareholders' equity) 27.7% 28.9% 25.8% 27.6% 25.4% 23.6% 27% 29.6%
ROA (Net income/ Total Assets) 10.3% 10.1% 9.07% 9.89% 9.99% 9.4% 9.4% 9.3%
Assets 1 3,970 4,221 4,236 4,144 11,364 4,442 4,649 4,907
Book Value Per Share 2 0.8000 0.8100 0.8000 0.7900 1.050 0.9200 0.8800 0.8600
Cash Flow per Share 2 0.4200 0.4900 0.4600 0.4500 0.4300 0.5400 0.5200 0.5400
Capex 1 415 393 335 410 515 517 491 487
Capex / Sales 11.75% 10.85% 9.32% 11.02% 11.47% 13.16% 12.2% 11.76%
Announcement Date 8/20/19 8/25/20 8/17/21 8/23/22 8/17/23 - - -
1NZD in Million2NZD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
4.1 NZD
Average target price
4.982 NZD
Spread / Average Target
+21.52%
Consensus
  1. Stock Market
  2. Equities
  3. SPK Stock
  4. Financials Spark New Zealand Limited