How to buy Spark Infrastructure shares | A$2.08

Spark Infrastructure Group is an utilities—regulated electric business based in Australia. Spark Infrastructure shares (SKI) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $2.08 – a decrease of 2.8% over the previous week. Spark Infrastructure has a trailing 12-month revenue of around $269 million.

How to buy shares in Spark Infrastructure

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Spark Infrastructure. Find the share by name or ticker symbol: SKI. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Spark Infrastructure reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $2.08, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Spark Infrastructure. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

How has coronavirus impacted Spark Infrastructure's share price?

Since the stock market crash in March caused by coronavirus, Spark Infrastructure's share price has had significant negative movement.

Its last market close was $2.08, which is 4.59% down on its pre-crash value of $2.18 and 23.44% up on the lowest point reached during the March crash when the shares fell as low as $1.685.

If you had bought $1,000 worth of Spark Infrastructure shares at the start of February 2020, those shares would have been worth $821.92 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $949.77.

Spark Infrastructure share price

Use our graph to track the performance of SKI stocks over time.

Spark Infrastructure shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$2.08
52-week range	AUDA$1.685 - AUDA$2.33
50-day moving average	AUDA$2.1311
200-day moving average	AUDA$2.1151
Target price	AUDA$2.41
PE ratio	48.0899
Dividend yield	AUDA$0.14 (6.54%)
Earnings per share (TTM)	AUDA$0.045

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Spark Infrastructure stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Spark Infrastructure Group by TradingView

Spark Infrastructure price performance over time

Historical closes compared with the close of A$2.08 on 2020-10-22

1 week (2020-10-16)	-2.80%
1 month (2020-09-25)	-3.70%
3 months (2020-07-23)	-7.96%
6 months (2020-04-23)	5.32%

1 year (2019-10-23)	2.46%
2 years (2018-10-23)	-5.02%
3 years (2017-10-23)	-19.07%
5 years (2015-10-23)	5.97%

Is Spark Infrastructure under- or over-valued?

Valuing Spark Infrastructure stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Spark Infrastructure's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Spark Infrastructure's P/E ratio

Spark Infrastructure's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 48x. In other words, Spark Infrastructure shares trade at around 48x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Spark Infrastructure's PEG ratio

Spark Infrastructure's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.35. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Spark Infrastructure's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Spark Infrastructure's EBITDA

Spark Infrastructure's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $252 million.

The EBITDA is a measure of a Spark Infrastructure's overall financial performance and is widely used to measure a its profitability.

Spark Infrastructure financials

Revenue TTM	$269 million
Operating margin TTM	93.6%
Gross profit TTM	$280.7 million
Return on assets TTM	5.13%
Return on equity TTM	4.72%
Profit margin	28.26%
Book value	0.917
Market capitalisation	$3.7 billion

TTM: trailing 12 months

Spark Infrastructure share dividends

Dividend payout ratio: 290% of net profits

Recently Spark Infrastructure has paid out, on average, around 290% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.54% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Spark Infrastructure shareholders could enjoy a 6.54% return on their shares, in the form of dividend payments. In Spark Infrastructure's case, that would currently equate to about A$0.14 per share.

Spark Infrastructure's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 2 September 2020 (the "ex-dividend date").

Spark Infrastructure share price volatility

Over the last 12 months, Spark Infrastructure's shares have ranged in value from as little as $1.685 up to $2.33. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Spark Infrastructure's is 0.2451. This would suggest that Spark Infrastructure's shares are less volatile than average (for this exchange).

Spark Infrastructure overview

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. The firm's earnings are supported by growth in underlying assets and through sustainable investments in high value, unregulated opportunities. It invests in growth opportunities in distribution and transmission networks, renewables and adjacent sectors, investing in infrastructure for the future. Spark Infrastructure Group is based in Sydney, Australia.

Frequently asked questions

• What percentage of Spark Infrastructure is owned by insiders or institutions?

  Currently 1.116% of Spark Infrastructure shares are held by insiders and 57.488% by institutions.

• When does the fiscal year end for Spark Infrastructure?

  Spark Infrastructure's fiscal year ends in December.

• Where is Spark Infrastructure based?

  Spark Infrastructure's address is: 225 George Street, Sydney, NSW, Australia, 2000

• What is Spark Infrastructure's ISIN number?

  Spark Infrastructure's international securities identification number is: AU000000SKI7