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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Spark New ZealandASX:SPK +0.28%68 Intrinsic Value: Projected FCF is A$2.19 as of Sep. 07, 2026. GuruFocus rates ASX:SPK with a GF Score™ of 68/100 and a GF Value™ of A$2.18 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 268 Telecommunication Services companies, Spark New Zealand ranks better than 59.7% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-09-07), Spark New Zealand's Intrinsic Value: Projected FCF is A$2.19. The stock price of Spark New Zealand is A$1.765. Therefore, Spark New Zealand's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.
The historical rank and industry rank for Spark New Zealand's Intrinsic Value: Projected FCF or its related term are showing as below:
ASX:SPK'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.69 Med: 1.77 Max: 2.11
Current: 0.81
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Spark New Zealand was 2.11. The lowest was 0.69. And the median was 1.77.
ASX:SPK's Price-to-Projected-FCF is ranked better than 59.7% of 268
companies
in the Telecommunication Services industry
Industry Median: 0.93
vs ASX:SPK: 0.81
Spark New Zealand (ASX:SPK) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Spark New Zealand's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
1.765
/
2.3843544136047
=
0.74
* 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 Intrinsic Value: Projected FCF Related Terms
Spark New Zealand Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Spark New Zealand's Intrinsic Value: Projected 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.
Spark New Zealand Intrinsic Value: Projected FCF Chart
ASX:SPK vs VZ, TMUS, T: Intrinsic Value: Projected FCF Comparison
For the Telecom Services subindustry, Spark New Zealand's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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 Price-to-Projected-FCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Spark New Zealand's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Spark New Zealand's Price-to-Projected-FCF falls into.
Spark New Zealand Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of A$2.19 mean?
Spark New Zealand (ASX:SPK) has a Intrinsic Value: Projected FCF of A$2.19 as of Sep. 07, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Spark New Zealand and its competitors. According to the industry distribution chart, Spark New Zealand ranks #108 out of 268 companies in the Telecommunication Services industry, placing it in the top 40.3%.
Is Spark New Zealand's Intrinsic Value: Projected FCF too high?
Spark New Zealand's current Intrinsic Value: Projected FCF is A$2.19. Based on the distribution chart, Spark New Zealand ranks #108 out of 268 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Spark New Zealand has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spark New Zealand's Intrinsic Value: Projected FCF compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Spark New Zealand ranks #108 out of 268 companies for Intrinsic Value: Projected FCF. This puts Spark New Zealand in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.93. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Telecommunication Services company?
The median Intrinsic Value: Projected FCF among Telecommunication Services companies is 0.93, based on 268 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Spark New Zealand and its competitors. For the Telecommunication Services industry, the median Intrinsic Value: Projected FCF is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spark New Zealand's current Intrinsic Value: Projected FCF is A$2.19. 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 (ASX:SPK) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.18, compared to a current price of A$1.77 — trading 19% below its estimated fair value. The current Intrinsic Value: Projected FCF is A$2.19. Spark New Zealand's overall GF Score™ is 68/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Spark New Zealand (ASX:SPK), the current Intrinsic Value: Projected FCF is A$2.19 as of Sep. 07, 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 (ASX:SPK) Overvalued in 2026?
Based on GuruFocus' analysis, Spark New Zealand stock appears to be undervalued.
The current stock price of A$1.77 is trading 19% below its estimated GF Value™ of A$2.18.
GuruFocus considers Spark New Zealand to be Modestly Undervalued.
Key valuation signals for ASX:SPK:
Intrinsic Value: Projected FCF: A$2.19
GF Value™: A$2.18 vs. price of A$1.77 (19% below fair value)
No single metric tells the full story. See the ASX:SPK 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.
68GF Score
Get the complete analysis for ASX:SPK
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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