Spark New Zealand Ltd SPK

Stock XNZE Rating as of Oct 1, 2026

NZ$1.96 −0.02 (1.01%)

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As of Oct 2, 2026, 4:00:05 AM Delayed Price Closed

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Spark New Zealand Reports an in Line Fiscal 2026

Brian Han Aug 20, 2026

Spark New Zealand generates steady cash flow, has a solid position in the New Zealand telecommunications industry, and has the infrastructure to offer a diverse range of products. Although competition is intense in the New Zealand market, we believe Spark's scale provides a competitive advantage. Furthermore, private equity ownership of Vodafone New Zealand has heralded in a new age of rational competitive behavior in mobile.

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Price vs Fair Value

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SPK is trading at a LOCK|qJHpB@ premium.

Price

NZ$1.97

Oct 1, 2026

Fair Value

N.s

Feb 21, 2025

Uncertainty

LOCK|tPcB

1-Star Price: LOCK|CY
5-Star Price: LOCK|R^>
Economic Moat: LOCK|$cKk
Capital Allocation: LOCK|w?HrxX

Bulls Say, Bears Say

Bulls

Spark New Zealand is the largest telecom provider in New Zealand, where it provides the most diverse range of telecommunications services. These characteristics provide reasonable diversity and will allow the company to execute a product-bundling strategy.

Bears

Aggressive competition could place downward pressure on earnings and cash flow.

Trading Information

Previous Close Price: NZ$1.98
Day Range: NZ$1.95–1.98
52-Week Range: NZ$1.78–2.46
Bid/Ask: NZ$1.95 / NZ$1.98
Shares Outstanding: 1.89B
Market Cap: NZ$3.70B
Volume/Avg: 4M / 3M

Key Statistics

Price/Earnings (Normalized): 19.79
Price/Sales: 1.03
Dividend Yield (Trailing): 8.10%
Dividend Yield (Forward): 8.10%
Dividend Payment Schedule: Apr, Oct
Total Yield: 8.10%

Company Profile

Spark is one of only three integrated telecommunications operators in New Zealand. It is the leading mobile network operator with low- to mid-40% subscriber and revenue share, and the dominant provider of fixed-line broadband services with a mid-30% subscriber share. It has a big position in the New Zealand corporate and wholesale telecommunications services provision market. Spark supplements its core telecommunications operations and related infrastructure with IT products and services across cloud, managed data and networks, procurement, data centers, and Internet of Things. Its operations are all based in New Zealand, except for its 41% interest in Southern Cross Submarine Cables, which has zero book value and to which Spark has no funding obligations.

Sector: Communication Services
Industry: Telecom Services
Stock Style Box: Mid Value
Total Number of Employees: 5,569
Website: https://www.sparknz.co.nz

Competitors

Valuation

Metric	SPK	TPG	TLS
Price/Earnings (Normalized)	19.79	59.54	24.43
Price/Book Value	2.27	0.88	4.26
Price/Sales	1.03	1.46	2.41
Price/Cash Flow	3.58	3.69	8.10

Price/Earnings

SPK

TPG

TLS

Financial Strength

Metric	SPK	TPG	TLS
Quick Ratio	0.92	0.37	0.43
Current Ratio	1.37	0.51	0.60
Interest Coverage	4.03	0.95	4.24

Quick Ratio

SPK

TPG

TLS

Profitability

Metric	SPK	TPG	TLS
Return on Assets (Normalized)	5.11%	0.63%	6.45%
Return on Equity (Normalized)	14.93%	1.06%	21.67%
Return on Invested Capital (Normalized)	5.95%	2.21%	8.21%

Return on Assets

SPK

TPG

TLS

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