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Spark New ZealandFRA:NZTA +0.43%67 EV-to-FCF is 9.79 as of Jul. 21, 2026, which is 62% below its 10-year median of 25.48. GuruFocus rates FRA:NZTA with a GF Score™ of 67/100 and a GF Value™ of €8.66 (Significantly Undervalued). The stock has 8 warning signs investors should review. Among 250 Telecommunication Services companies, Spark New Zealand ranks better than 73.6% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Spark New Zealand's Enterprise Value is €2,894 Mil.
Spark New Zealand's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €296 Mil. Therefore, Spark New Zealand's EV-to-FCF for today is 9.79.
The historical rank and industry rank for Spark New Zealand's EV-to-FCF or its related term are showing as below:
FRA:NZTA'
s EV-to-FCF Range Over the Past 10 Years
Min: 9.76 Med: 25.48 Max: 59.48
Current: 9.76
During the past 13 years, the highest EV-to-FCF of Spark New Zealand was 59.48. The lowest was 9.76. And the median was 25.48.
FRA:NZTA's EV-to-FCF is ranked better than 73.6% of 250
companies
in the Telecommunication Services industry
Industry Median: 15.215
vs FRA:NZTA: 9.76
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Spark New Zealand (FRA:NZTA) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Spark New Zealand's PE Ratio (TTM) for today is calculated as:
Spark New Zealand's share price for today is €4.64.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Spark New Zealand's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.390.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Spark New Zealand EV-to-FCF Related Terms
Spark New Zealand EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Spark New Zealand's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Telecom Services subindustry, Spark New Zealand's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Spark New Zealand EV-to-FCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Spark New Zealand's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Spark New Zealand's EV-to-FCF falls into.
Spark New Zealand's current Enterprise Value is €2,894 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Spark New Zealand's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €296 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Spark New Zealand (FRA:NZTA) has a EV-to-FCF of 9.79 as of Jul. 21, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Spark New Zealand and its competitors. This is 62% below median its historical median of 25.48. Over the past decade, Spark New Zealand's EV-to-FCF has ranged from 9.76 to 59.48. According to the industry distribution chart, Spark New Zealand ranks #66 out of 250 companies in the Telecommunication Services industry, placing it in the top 26.4%.
Is Spark New Zealand's EV-to-FCF too high?
Spark New Zealand's current EV-to-FCF of 9.79 is 62% below median its 10-year median of 25.48. Over the past 10 years, this metric has ranged from a low of 9.76 to a high of 59.48. The Telecommunication Services industry median EV-to-FCF is 15.22. Spark New Zealand's value of 9.79 is 35.7% below this industry median. Based on the distribution chart, Spark New Zealand ranks #66 out of 250 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Spark New Zealand has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spark New Zealand's EV-to-FCF compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Spark New Zealand ranks #66 out of 250 companies for EV-to-FCF. This puts Spark New Zealand in the upper half of its industry. The industry median EV-to-FCF is 15.22. Spark New Zealand's value of 9.79 is 35.7% below this benchmark. Historically, Spark New Zealand's own EV-to-FCF has ranged from 9.76 to 59.48 over the past decade. While the company's 10-year median is 25.48 vs. the industry median of 15.22, Spark New Zealand has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Telecommunication Services company?
The median EV-to-FCF among Telecommunication Services companies is 15.22, based on 250 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spark New Zealand's current EV-to-FCF of 9.79 is 35.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Spark New Zealand and its competitors. For the Telecommunication Services industry, the median EV-to-FCF is 15.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spark New Zealand's current EV-to-FCF is 9.79, which is 62% below median its own 10-year median of 25.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spark New Zealand stock overvalued right now?
Based on GuruFocus' analysis, Spark New Zealand (FRA:NZTA) is currently considered Significantly Undervalued. The stock's GF Value™ is €8.66, compared to a current price of €4.64 — trading 46.4% below its estimated fair value. The current EV-to-FCF is 9.79, which is 62% below median its 10-year median of 25.48 and 35.7% below the Telecommunication Services industry median of 15.22. Spark New Zealand's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Spark New Zealand (FRA:NZTA), the current EV-to-FCF is 9.79 as of Jul. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spark New Zealand (FRA:NZTA) Overvalued in 2026?
Based on GuruFocus' analysis, Spark New Zealand stock appears to be undervalued.
The current stock price of €4.64 is trading 46.4% below its estimated GF Value™ of €8.66.
GuruFocus considers Spark New Zealand to be Significantly Undervalued.
Key valuation signals for FRA:NZTA:
EV-to-FCF: 9.79 (62% below median its 10-year median of 25.48)
GF Value™: €8.66 vs. price of €4.64 (46.4% below fair value)
Industry Position: 35.7% below the Telecommunication Services median (#66 of 250)
No single metric tells the full story. See the FRA:NZTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spark is one of only three integrated telecommunications companies in New Zealand. It is the leading mobile network operator with low- to mid-40% subscriber and revenue share, and the dominant provider of fixed-line broadband services with a mid-30% subscriber share. It has a big position in the New Zealand corporate and wholesale telecommunications services provision space. Spark supplements its core telecommunications operations and related infrastructure with IT products and services across cloud, managed data and networks, procurement, data centers, and Internet of Things. Its operations are all based in New Zealand, except for its 41% interest in Southern Cross Submarine Cables, which has zero book value and to which Spark has no funding obligations.
67GF Score
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