Spark New Zealand Limited (SPK) Fair Value & Analysis
Communication Services · AU · Market cap A$2.9B
Fair value as of: Jul 13, 2026
From 22 valuation models · updated 28 days ago
Fair value updated Jul 13, 2026, revised from A$1.72 to A$1.42 (−17.4%) since Jun 24, 2026. Share price +7.2% over the past month.
A solid business, but screening 13% overvalued on our models.
What matters now
- The model range is unusually wide (A$0.8400 to A$2.42). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.
How to read this chart
60‑month range A$1.45 – A$4.04 · fair‑value band A$0.8400 – A$2.42 · the A$1.63 price screens above the A$1.42 fair value. Dashed = 300-day average. As of Jul 13, 2026.
Analysis
Spark New Zealand Limited (SPK) currently trades at A$1.63, while our model-based Fair Value estimate is A$1.42, implying the stock looks roughly 12.9% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Spark New Zealand Limited generated revenue of A$3.7B at a net margin of 7.8%. Revenue declined 1.2% year over year. It earns a return on equity of 19.7%. Net debt stands at A$2.3B. Fundamentals as of Jul 13, 2026
Our scenario range runs from A$0.8400 (bear case) to A$2.42 (bull case); at A$1.63, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at -13%, SPK screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 22 models by family
Widest divergence: Multiples (A$2.34) versus Asset-Based (A$0.5400). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 42
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Spark New Zealand Limited, together with its subsidiaries, provides telecommunications and digital services in New Zealand. It operates through Mobile, Broadband, IT Products, Voice, IT Services, Procurement and Partners, and High-tech segments.
Full company description
Spark New Zealand Limited, together with its subsidiaries, provides telecommunications and digital services in New Zealand. It operates through Mobile, Broadband, IT Products, Voice, IT Services, Procurement and Partners, and High-tech segments. The company offers telecommunications, information technology, media, and other digital products and services, including mobile services; broadband services; IT products; IT services; voice services; procurement and partner services; and high-tech and data centers. It also provides IT infrastructure build and maintenance services, and distribution and supply chain services; environmental IOT solutions; international, wholesale, and outsourced telecommunications services; and digital and cloud services. In addition, the company is involved in decentralised identity and verifiable data activities; and data analytics, finance, and insurance business. It serves individuals, households, small businesses, governments, and large enterprise. The company was formerly known as Telecom Corporation of New Zealand Limited and changed its name to Spark New Zealand Limited in August 2014. Spark New Zealand Limited was incorporated in 1987 and is headquartered in Auckland, New Zealand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Spark New Zealand Limited reported revenue of A$3.6B in FY2025 versus A$3.6B in FY2021, a compound +0.4%/yr. Reported net income was A$260M in FY2025, compounding −9.3%/yr from FY2021.
SPK screens 13% overvalued. Compare with China Mobile Limited →
Peer Group
Telecom Services · 252 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Telecom Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 30/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 600941 | ¥89.98 | ¥109.88 | +22% |
| T-Mobile US, Inc TMUS | $187.61 | $172.67 | -8% |
| Bharti Airtel Limited BHARTIARTL | ₹1,922 | ₹941.55 | -51% |
| China Telecom Corporation 601728 | ¥6.01 | ¥8.36 | +39% |
| América Móvil, S.A. AMXB | 23.07 MXN | 30.35 MXN | +32% |
| Vodafone Group VODN | 259.50 MXN | 507.27 MXN | +95% |
| Advanced Info Service Public Company ADVANC | 379.00 THB | 286.77 THB | -24% |
| Chunghwa Telecom Co 2412 | 133.50 TWD | 100.00 TWD | -25% |
| China Unicom (Hong Kong) Limited 0762 | HK$6.50 | HK$13.03 | +100% |
| Telefónica, S.A TEFN | 75.67 MXN | 111.01 MXN | +47% |
Compare Spark New Zealand Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Communication Services stocks →
Frequently asked questions
Is Spark New Zealand Limited (SPK) overvalued or undervalued?
What is the fair value of SPK?
What is the quality score of SPK?
What is the revenue of Spark New Zealand Limited (SPK)?
What is the net profit margin of SPK?
Does Spark New Zealand Limited pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Spark New Zealand Limited and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.