Spark New Zealand Valuation Multiples

Spark New Zealand Overview

About Spark New Zealand

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.

Founded

1987

HQ

Employees

4.0K

Website

sparknz.co.nz

Sectors

Telecom Service ProvidersIoT

Financials (LTM)

Revenue: $2B

EBITDA: $601M

EV

$4B

Valuation Multiples

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Spark New Zealand Financials

Spark New Zealand reported last 12-month revenue of $2B and EBITDA of $601M.

In the same LTM period, Spark New Zealand generated $1B in gross profit, $601M in EBITDA, and $140M in net income.

Spark New Zealand P&L

In the most recent fiscal year, Spark New Zealand reported revenue of $2B and EBITDA of $618M.

Spark New Zealand expects next 12-month revenue of XXX and NTM EBITDA of XXX

Spark New Zealand Stock Performance

Spark New Zealand has current market cap of $2B, and enterprise value of $4B.

Spark New Zealand's stock price is $1.31.

Spark New Zealand Valuation Multiples

Spark New Zealand trades at 1.8x EV/Revenue multiple, and 6.3x EV/EBITDA.

Spark New Zealand Financial Valuation Multiples

As of April 4, 2026, Spark New Zealand has market cap of $2B and EV of $4B.

Equity research analysts estimate Spark New Zealand's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Spark New Zealand has a P/E ratio of 17.7x.

Spark New Zealand Margins & Growth Rates

Spark New Zealand's revenue in the last 12 month declined by (0%).

Spark New Zealand's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.

Spark New Zealand's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Spark New Zealand's rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Spark New Zealand Public Comps

See public comps and valuation multiples for other Telecom Service Providers and IoT comps.

Spark New Zealand M&A Activity

Spark New Zealand acquired XXX companies to date.

Last acquisition by Spark New Zealand was on XXXXXXXX, XXXXX. Spark New Zealand acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Spark New Zealand Investment Activity

Spark New Zealand invested in XXX companies to date.

Spark New Zealand made its latest investment on XXXXXXXX, XXXXX. Spark New Zealand invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).