How to buy Spark New Zealand (SPK) shares

Spark New Zealand Limited is a telecom services business based in Australia. Spark New Zealand shares (SPK) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Spark New Zealand has a trailing 12-month revenue of around $3.6 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in Spark New Zealand

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 New Zealand. Find the share by name or ticker symbol: SPK. 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 New Zealand 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, 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 New Zealand. 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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Spark New Zealand stock price (ASX:SPK)

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IG Share Trading Finder Award		AUD $8 or 0.1%	$50 per quarter if you make fewer than three trades in that period	ASX shares, Global shares	$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares. Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.	Go to site More Info	Compare	loading Fetching your data...
Superhero share trading		AUD $5	No	ASX shares, US shares, ETFs	Australia’s lowest-cost broker for ASX shares and ETFs. Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.	Go to site More Info	Compare	loading Fetching your data...
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Bell Direct Share Trading Finder AwardExclusive		AUD $15	No	ASX shares, mFunds, ETFs	⭐ Finder Exclusive: Get 5 free stock trades and unlimited ETF trades until July 31, 2021 when you join Bell Direct. Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.	Go to site More Info	Compare	loading Fetching your data...
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Is it a good time to buy Spark New Zealand 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.

Is Spark New Zealand under- or over-valued?

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

Spark New Zealand's P/E ratio

Spark New Zealand's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 22x. In other words, Spark New Zealand shares trade at around 22x recent earnings.

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

Spark New Zealand's EBITDA

Spark New Zealand's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $919 million.

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

Spark New Zealand share dividends

Dividend payout ratio: 121.6% of net profits

Recently Spark New Zealand has paid out, on average, around 121.6% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.47% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Spark New Zealand shareholders could enjoy a 5.47% return on their shares, in the form of dividend payments. In Spark New Zealand's case, that would currently equate to about A$0.25 per share.

Spark New Zealand'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 17 March 2021 (the "ex-dividend date").

Have Spark New Zealand's shares ever split?

Spark New Zealand's shares were split on 16 September 2007.

Spark New Zealand share price volatility

Over the last 12 months, Spark New Zealand's shares have ranged in value from as little as $4.01 up to $4.62. 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 New Zealand's is 0.2235. This would suggest that Spark New Zealand's shares are less volatile than average (for this exchange).

Spark New Zealand overview

Spark New Zealand Limited, together with its subsidiaries, provides telecommunications and digital services in New Zealand. It offers telecommunications, information technology, media, and other digital products and services, including mobile services; voice services; broadband services; Internet TV; cloud, security, and service management services; procurement and partner services; and managed data and networks services. The company also offers IT infrastructure, business and outsourced telecommunications, subscription video-on-demand, big data analytics and marketing automation, data center, and international wholesale telecommunications services. In addition, it provides local, national, and international telephone and data services; group insurance products; and mobile phone repair services. Further, the company retails telecommunications products and services; and distributes equipment. 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 founded in 1987 and is based in Auckland, New Zealand.

Spark New Zealand in the news

Spark New Zealand Limited (NZSE:SPK) Insiders Increased Their Holdings

Frequently asked questions

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

  Currently 0.071% of Spark New Zealand shares are held by insiders and 30.159% by institutions.

• When does the fiscal year end for Spark New Zealand?

  Spark New Zealand's fiscal year ends in June.

• Where is Spark New Zealand based?

  Spark New Zealand's address is: Spark City, Auckland, New Zealand, 1010

• What is Spark New Zealand's ISIN number?

  Spark New Zealand's international securities identification number is: NZTELE0001S4