Spark New Zealand Ltd
SPK: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$5.60 | Myzrdk | Vswdgchy |
Spark New Zealand: Experiencing Temporary IT Issues
The downgrade in Spark New Zealand's fiscal 2024 EBITDA and investment income, or EBITDAI, guidance to between NZD 1.17 billion and NZD 1.21 billion isn't significant enough to lower our fair value estimate. At the midpoint of the range, it represents a decline of just 4%, with minimal drag from core mobile service (26% of group revenue at estimated gross margins of almost 70%).