Spark New Zealand (ASX:SPK) Moat Score: 6/10 (As of Jun. 28, 2026)


ASX:SPK Spark New Zealand Ltd ASX:SPK
67 GF Score
Price A$1.54
GF Value A$2.83
Valuation Significantly Undervalued
! 8 Warning Signs
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What is Spark New Zealand Moat Score?

Spark New Zealand ASX:SPK +1.32% 67 Moat Score is 6 as of Jun. 28, 2026. GuruFocus rates ASX:SPK with a GF Score™ of 67/100 and a GF Value™ of A$2.83 (Significantly Undervalued). The stock has 8 warning signs investors should review. Among 390 Telecommunication Services companies, Spark New Zealand ranks better than 95.38% on this metric.

Spark New Zealand has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Spark New Zealand has Narrow Moat: Spark New Zealand has a strong position in the NZ telecommunications market with significant customer switching costs and brand strength. Its economies of scale and regulatory barriers provide a solid moat, but not wide due to competitive pressures.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Spark New Zealand might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Spark New Zealand  (ASX:SPK) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Spark New Zealand Moat Score Related Terms

ASX:SPK vs TMUS, VZ, T: Moat Score Comparison

For the Telecom Services subindustry, Spark New Zealand's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Spark New Zealand's Moat Score distribution charts can be found below:

* The bar in red indicates where Spark New Zealand's Moat Score falls into.


ASX:SPK
67GF Score
Spark New Zealand Ltd ASX:SPK
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Spark New Zealand (ASX:SPK) has a Moat Score of 6 as of Jun. 28, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Spark New Zealand ranks #18 out of 390 companies in the Telecommunication Services industry, placing it in the top 4.6%.
Is Spark New Zealand's Moat Score too high?
Spark New Zealand's current Moat Score is 6. Based on the distribution chart, Spark New Zealand ranks #18 out of 390 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. 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 Moat Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Spark New Zealand ranks #18 out of 390 companies for Moat Score. This places Spark New Zealand in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Telecommunication Services company?
A good Moat Score depends on the Telecommunication Services industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Spark New Zealand's current Moat Score is 6. 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 Significantly Undervalued. The stock's GF Value™ is A$2.83, compared to a current price of A$1.54 — trading 45.8% below its estimated fair value. The current Moat Score is 6. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Spark New Zealand (ASX:SPK), the current Moat Score is 6 as of Jun. 28, 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$1.54 is trading 45.8% below its estimated GF Value™ of A$2.83. GuruFocus considers Spark New Zealand to be Significantly Undervalued.

Key valuation signals for ASX:SPK:

  • Moat Score: 6
  • GF Value™: A$2.83 vs. price of A$1.54 (45.8% below fair value)
  • GF Score™: 67/100 with 8 warning signs

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 New Zealand Business Description

Address 50 Albert Street, Spark City, Level 1, Private Bag 92028, Auckland, NTL, NZL, 1010
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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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$1.54
Price
A$2.83
GF Value