Last A$1.97 AUD
Change Today +0.005 / 0.25%
Volume 6.5M
SKI On Other Exchanges
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As of 2:11 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

spark infrastructure group (SKI) Snapshot

Open
A$1.96
Previous Close
A$1.97
Day High
A$1.98
Day Low
A$1.94
52 Week High
08/21/14 - A$2.03
52 Week Low
12/9/13 - A$1.54
Market Cap
2.9B
Average Volume 10 Days
5.8M
EPS TTM
--
Shares Outstanding
1.5B
EX-Date
09/1/14
P/E TM
--
Dividend
A$0.11
Dividend Yield
5.58%
Current Stock Chart for SPARK INFRASTRUCTURE GROUP (SKI)

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spark infrastructure group (SKI) Details

Spark Infrastructure Group, invests in regulated electricity distribution businesses primarily in Australia. The company operates through two segments, Victoria Power Networks and SA Power Networks. It owns interests in the SA Power Networks that operates and maintains an electricity distribution network serving approximately 836,000 customers in South Australia. The company also has interests in CitiPower, which owns and operates a distribution network that supplies electricity to approximately 320,000 customers in Melbourne’s CBD and inner suburbs; and Powercor Australia, which owns and operates an electricity distribution network that serves approximately 745,000 customers in central and western Victoria, as well as the Western suburbs of Melbourne. Spark Infrastructure Group is based in Sydney, Australia.

spark infrastructure group (SKI) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$955.0K
Chief Financial Officer
Total Annual Compensation: A$502.9K
General Counsel and Company Secretary
Total Annual Compensation: A$354.9K
Compensation as of Fiscal Year 2013.

spark infrastructure group (SKI) Key Developments

Spark Infrastructure Group Reports Earnings Results for the Six Months Ended June 30, 2014; Declares Interim Distribution Payable on September 12, 2014; Provides Distribution Guidance for 2014; Reaffirms Dividend Guidance for the Fiscal 2015

Spark Infrastructure Group reported consolidated earnings results for the six months ended June 30, 2014. The company reported a 13.2% increase in profit before loan note interest and tax to AUD 166.1 million or 12.31 cents per share from AUD 146.7 million or 11.06 cents per share reported last year. Total revenue was AUD 1,139.4 million against AUD 1,126.5 million reported last year. Standalone operating cash flows increased 4.0% to AUD 86.7 million from AUD 83.3 million reported last year. Aggregated earnings before interest, tax, depreciation and amortisation (EBITDA) excluding customer contributions, up 2.1% to AUD 717.6 million from AUD 702.9 million reported last year. Net profit after tax attributable to stapled security holders was AUD 89.0 million, up 17.1% from AUD 76.0 million reported last year. Net capital expenditure was down 9.2% to AUD 383.5 million from AUD 422.3 million reported last year. Basic earning per security was 6.60 cents against 5.73 cents reported last year. Total income was AUD 175.3 million against AUD 156.6 million reported last year. Profit before tax was AUD 114.8 million against AUD 100.3 million reported last year. The Board has declared an interim cash distribution of 5.75 cents per security for the six months ended June 30, 2014, payable on September 12, 2014, which consists of 3.50 cents per security interest on loan notes and a return of capital amount of 2.25 cents per security. Ex-date is September 1, 2014 and record date is September 03, 2014. The Directors have provided distribution guidance for 2014 of 11.5 cents per security, up from 11.0 cents per security (4.5%) in 2013, subject to business conditions. The Directors have also reaffirmed their previous guidance that Spark Infrastructure intends to grow distributions at between 3-5% in 2015. Future distributions will continue to be fully covered by operating cash flows.

Spark Infrastructure Group, H1 2014 Earnings Call, Aug 25, 2014

Spark Infrastructure Group, H1 2014 Earnings Call, Aug 25, 2014

DUET To Not To Bid For Queensland Gas Pipeline Of BG Group

As infrastructure investors pore over the AUD 3 billion Queensland gas pipeline on offer from BG Group plc (LSE:BG.), DUET Group (ASX:DUE) for one has decided not to lodge an indicative bid by the August 28, 2014, reported Australian Financial Review. Duet and other listed players such as Spark Infrastructure Group (ASX:SKI) are expected to find it hard to compete against some unlisted rivals, while the structuring of the sale as a passive investment reduces its attractiveness for pipeline operators such as DUET and APA Group (ASX:APA). Even so the auction should be hotly contested, with many parties taking a very close look, Borealis Infrastructure Trust, Cheung Kong (Holdings) Limited (SEHK:1) and Hastings Funds Management Limited among them, plus potentially APA's unlisted Energy Infrastructure Investments Pty Limited.

 

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Industry Analysis

SKI

Industry Average

Valuation SKI Industry Range
Price/Earnings 18.4x
Price/Sales 8.0x
Price/Book 1.4x
Price/Cash Flow 20.2x
TEV/Sales 5.6x
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