Added to YB: 2026-08-25
Pitch date: 2026-08-20
SPK.NZ [bearish]
Spark New Zealand Limited
Author Info
No bio for this author
Company Info
Spark New Zealand Limited, together with its subsidiaries, operates as a telecommunications company in New Zealand.
Market Cap
NZD 4.1B
Pitch Price
NZD 2.16
Price Target
N/A
Dividend
7.37%
EV/EBITDA
5.27
P/E
8.44
EV/Sales
1.50
Sector
Diversified Telecommunication Services
Category
N/A
Spark results out: mediocre, weak, hardly worth getting out of bed for
SPK.NZ (earnings): Weak NZ telco result; CEO gets $900k bonus despite decline. Divvy unsustainable—16cps = 134% of 11.9c adj EPS, funded by asset sales ($827m Connexa+data centers) filling $782m FCF/divvy gap. Cost cuts a mirage (39% FTE cut but contractor costs +47%). Volumes shrinking, no differentiation vs peers. Skeptical, bearish outlook.
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