Mercury NZ（MCY）株式概要マーキュリーNZリミテッドは、その子会社とともに、ニュージーランドで電力の生産、取引、販売および関連業務を行っている。 詳細MCY ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長3/6過去の実績4/6財務の健全性2/6配当金2/6報酬当社が推定した公正価値より47.4%で取引されている 収益は年間22.01%増加すると予測されています 過去1年間で収益は79.6%増加しました リスク分析3.45%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 多額の負債を抱えている すべてのリスクチェックを見るMCY Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueAU$Current PriceAU$5.5423.9% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture04b2016201920222025202620282031Revenue NZ$3.9bEarnings NZ$100.1mAdvancedSet Fair ValueView all narrativesMercury NZ Limited 競合他社Origin EnergySymbol: ASX:ORGMarket cap: AU$18.8bAPA GroupSymbol: ASX:APAMarket cap: AU$13.6bPortland General ElectricSymbol: NYSE:PORMarket cap: US$5.7bFederal Hydro-Generating Company - RusHydroSymbol: MISX:HYDRMarket cap: ₽349.7b価格と性能株価の高値、安値、推移の概要Mercury NZ過去の株価現在の株価NZ$5.5452週高値NZ$6.3052週安値NZ$5.08ベータ0.321ヶ月の変化2.78%3ヶ月変化7.16%1年変化-1.07%3年間の変化-4.81%5年間の変化-8.73%IPOからの変化155.30%最新ニュースDeclared Dividend • Feb 26First half dividend of NZ$0.12 announcedShareholders will receive a dividend of NZ$0.12. Ex-date: 4th March 2026 Payment date: 1st April 2026 Dividend yield will be 5.1%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (390% earnings payout ratio) nor is it covered by cash flows (351% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 334% to bring the payout ratio under control. EPS is expected to grow by 62% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Feb 25Mercury NZ Limited Announces Distribution for the Six Months Ended December 31, 2025, Payable on April 1, 2026Mercury NZ Limited has announced a new distribution in respect of its ordinary fully paid foreign exempt NZX shares for the Six Months Ended December 31, 2025 (MCY). The distribution amount is NZD 0.11764706 per share. The ex-date for the distribution is 4 March 2026, and the record date is 5 March 2026. The payment date has been fixed as 1 April 2026.Reported Earnings • Feb 25First half 2026 earnings released: EPS: NZ$0.014 (vs NZ$0.048 loss in 1H 2025)First half 2026 results: EPS: NZ$0.014 (up from NZ$0.048 loss in 1H 2025). Revenue: NZ$1.66b (down 5.2% from 1H 2025). Net income: NZ$20.0m (up NZ$87.0m from 1H 2025). Profit margin: 1.2% (up from net loss in 1H 2025). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Global Electric Utilities industry. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Jan 09Mercury NZ Limited to Report First Half, 2026 Results on Feb 24, 2026Mercury NZ Limited announced that they will report first half, 2026 results on Feb 24, 2026お知らせ • Oct 02Mercury NZ Limited Announces Appointment of Suraiya Phillimore-Smith as Chief Customer Officer, Effective 3 November 2025Mercury NZ Limited has appointed Suraiya Phillimore-Smith as its Chief Customer Officer, with effect from 3 November 2025. Suraiya has more than 20 years' local and international experience in customer strategy, marketing and brand across financial services, telecommunications and technology, including executive level roles at Suncorp NZ and Westpac NZ. Suraiya was previously Chief Customer Officer at Suncorp NZ where she led a large team responsible for customer, sales, distribution, brand, marketing, government relations and ESG strategy across intermediated general insurance channels. Prior to that, she was Chief Marketing Officer at Westpac NZ. She has also worked in a range of roles for Vodafone NZ, Vodafone UK and Sony. As disclosed earlier, Mercury's previous Chief Operating Officer Customer, Craig Neustroski, remains in the business as Chief Strategy and Transformation Officer and will support the transition.お知らせ • Aug 22+ 2 more updatesMercury NZ Limited Declares Fully Imputed Final Dividend, Payable on September 30, 2025Mercury NZ Limited announced that the Board has declared a fully imputed final dividend of 14.4 cents per share (cps) to be paid on 30 September 2025. This brings the full-year ordinary dividend to 24.0 cps, up 3% on prior year (23.3 cps FY24).最新情報をもっと見るRecent updatesDeclared Dividend • Feb 26First half dividend of NZ$0.12 announcedShareholders will receive a dividend of NZ$0.12. Ex-date: 4th March 2026 Payment date: 1st April 2026 Dividend yield will be 5.1%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (390% earnings payout ratio) nor is it covered by cash flows (351% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 334% to bring the payout ratio under control. EPS is expected to grow by 62% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Feb 25Mercury NZ Limited Announces Distribution for the Six Months Ended December 31, 2025, Payable on April 1, 2026Mercury NZ Limited has announced a new distribution in respect of its ordinary fully paid foreign exempt NZX shares for the Six Months Ended December 31, 2025 (MCY). The distribution amount is NZD 0.11764706 per share. The ex-date for the distribution is 4 March 2026, and the record date is 5 March 2026. The payment date has been fixed as 1 April 2026.Reported Earnings • Feb 25First half 2026 earnings released: EPS: NZ$0.014 (vs NZ$0.048 loss in 1H 2025)First half 2026 results: EPS: NZ$0.014 (up from NZ$0.048 loss in 1H 2025). Revenue: NZ$1.66b (down 5.2% from 1H 2025). Net income: NZ$20.0m (up NZ$87.0m from 1H 2025). Profit margin: 1.2% (up from net loss in 1H 2025). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Global Electric Utilities industry. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Jan 09Mercury NZ Limited to Report First Half, 2026 Results on Feb 24, 2026Mercury NZ Limited announced that they will report first half, 2026 results on Feb 24, 2026お知らせ • Oct 02Mercury NZ Limited Announces Appointment of Suraiya Phillimore-Smith as Chief Customer Officer, Effective 3 November 2025Mercury NZ Limited has appointed Suraiya Phillimore-Smith as its Chief Customer Officer, with effect from 3 November 2025. Suraiya has more than 20 years' local and international experience in customer strategy, marketing and brand across financial services, telecommunications and technology, including executive level roles at Suncorp NZ and Westpac NZ. Suraiya was previously Chief Customer Officer at Suncorp NZ where she led a large team responsible for customer, sales, distribution, brand, marketing, government relations and ESG strategy across intermediated general insurance channels. Prior to that, she was Chief Marketing Officer at Westpac NZ. She has also worked in a range of roles for Vodafone NZ, Vodafone UK and Sony. As disclosed earlier, Mercury's previous Chief Operating Officer Customer, Craig Neustroski, remains in the business as Chief Strategy and Transformation Officer and will support the transition.お知らせ • Aug 22+ 2 more updatesMercury NZ Limited Declares Fully Imputed Final Dividend, Payable on September 30, 2025Mercury NZ Limited announced that the Board has declared a fully imputed final dividend of 14.4 cents per share (cps) to be paid on 30 September 2025. This brings the full-year ordinary dividend to 24.0 cps, up 3% on prior year (23.3 cps FY24).Declared Dividend • Aug 21Final dividend of NZ$0.17 announcedShareholders will receive a dividend of NZ$0.17. Ex-date: 3rd September 2025 Payment date: 30th September 2025 Dividend yield will be 4.6%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 336x earnings) nor is it covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 5.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 37,248% to bring the payout ratio under control. EPS is expected to grow by 93% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Aug 19Full year 2025 earnings released: EPS: NZ$0.001 (vs NZ$0.21 in FY 2024)Full year 2025 results: EPS: NZ$0.001 (down from NZ$0.21 in FY 2024). Revenue: NZ$3.50b (up 2.2% from FY 2024). Net income: NZ$1.00m (down 100% from FY 2024). Profit margin: 0% (down from 8.5% in FY 2024). Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Global Electric Utilities industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.お知らせ • Jul 23Mercury NZ Limited, Annual General Meeting, Sep 19, 2025Mercury NZ Limited, Annual General Meeting, Sep 19, 2025. Location: eden park, New Zealandお知らせ • Jun 30Mercury NZ Limited to Report Fiscal Year 2025 Results on Aug 19, 2025Mercury NZ Limited announced that they will report fiscal year 2025 results on Aug 19, 2025お知らせ • Apr 24Mercury NZ Limited Announces Executive ChangesMercury NZ Limited announced that senior energy executive Catherine Thompson has been appointed as Mercury's new Chief Sustainability Officer and will start the role on 28 July 2025. Catherine has over 30 years' experience across the energy and legal sectors, including executive level roles at major New Zealand energy providers, Contact Energy and Manawa Energy. She has expertise across corporate affairs functions as well as sustainability and consenting, strategy and risk management. Catherine was previously GM Regulatory & Risk for Manawa Energy and prior to that was Chief Corporate Affairs Officer and General Counsel for Contact Energy. She has also worked in private practice and in-house legal roles both in the UK and New Zealand. Current Chief Sustainability Officer, Lucie Drummond, will stay on until June 2025 to support with the transition.お知らせ • Apr 16Mercury NZ Limited Remains Ordinary Dividend Guidance UnchangedMercury NZ Limited announced that FY2025 ordinary dividend guidance remains unchanged at 24.0 cents per share and stay-in-business capital expenditure guidance remains unchanged at $150 million.お知らせ • Mar 24Mercury Appoints Kevin Taylor as Chief Operating Officer - Generation, Effective 8 April 2025Mercury NZ Limited has appointed Kevin Taylor as its Chief Operating Officer - Generation, with effect from 8 April 2025. Kevin brings over 34 years of extensive experience within large industry, including expertise in operational excellence, risk management and safety leadership. Most recently he was the General Manager for Rio Tinto Pacific Operations. Mr. Taylor's experience spans various leadership positions across New Zealand and Australia, including General Manager at Bell Bay Aluminium and Health, Safety and Environment General Manager at Rio Tinto Aluminium (Pacific). As Chief Operating Officer - Generation, Mr. Taylor will be responsible for the safe operation and maintenance of Mercury's electricity generation assets, which last financial year produced about 8,780 GWh of renewable electricity, enough to power more than 1.2 million homes.Declared Dividend • Feb 27First half dividend of NZ$0.11 announcedShareholders will receive a dividend of NZ$0.11. Ex-date: 5th March 2025 Payment date: 1st April 2025 Dividend yield will be 4.9%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings) nor is it covered by cash flows (220% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 646% to bring the payout ratio under control. EPS is expected to grow by 90% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Feb 26First half 2025 earnings released: NZ$0.048 loss per share (vs NZ$0.13 profit in 1H 2024)First half 2025 results: NZ$0.048 loss per share (down from NZ$0.13 profit in 1H 2024). Revenue: NZ$1.76b (up 9.3% from 1H 2024). Net loss: NZ$67.0m (down 139% from profit in 1H 2024). Revenue is forecast to stay flat during the next 3 years compared to a 1.2% decline forecast for the Electric Utilities industry in Oceania. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.New Risk • Feb 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 220%お知らせ • Jan 21Mercury NZ Limited Announces CFO ChangesMercury NZ Limited has appointed Richard Hopkins as its Chief Financial Officer, effective 14 April 2025. Richard brings over 25 years’ local and international experience across the finance sector and primary industries, including more than a decade in CFO roles for major New Zealand companies. An experienced executive, Richard has deep expertise in corporate finance, M&A, business transformation and strategy development. Richard is currently the CFO of Zespri International Ltd. where he leads a large global team. There, he is responsible for the company’s finance, tax and treasury, legal, company secretary, risk and assurance, procurement, corporate development and integrated business planning functions. That followed nearly a decade at Ballance Agri-Nutrients where he held a broad range of roles and responsibilities across finance, sales, growth and digital transformation, including six years as CFO. Richard originally comes from a banking background. This has included roles at investment banks HSBC and Credit Suisse in the UK, where he specialised in power and utility sector transactions; and at Westpac in New Zealand, where he was a director in their Corporate Finance team. Mercury will work through a comprehensive handover with current CFO, William Meek, who leaves Mercury at the end of March 2025.お知らせ • Dec 17Mercury NZ Limited to Report First Half, 2025 Results on Feb 25, 2025Mercury NZ Limited announced that they will report first half, 2025 results on Feb 25, 2025お知らせ • Sep 19Mercury NZ Limited Announces CEO ChangesThe Board of Mercury NZ Limited appointed Stew Hamilton to the role of Chief Executive, succeeding Vince Hawksworth who retired at the end of August 2024. Stew was previously Mercury's Executive General Manager Generation. He has a proven track record of success in leading large, complex businesses changesin New Zealand and internationally. His appointment is the result of the Board's strategic focus on succession planning, and testament to the depth of talent have within Mercury.Upcoming Dividend • Sep 05Upcoming dividend of NZ$0.16 per shareEligible shareholders must have bought the stock before 11 September 2024. Payment date: 30 September 2024. The company is paying out more than 100% of its profits and is paying out 96% of its cash flow. Trailing yield: 3.7%. Lower than top quartile of Australian dividend payers (6.2%). Lower than average of industry peers (5.0%).Board Change • Aug 23High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Nicole Roise was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • Aug 22Final dividend of NZ$0.16 announcedShareholders will receive a dividend of NZ$0.16. Ex-date: 11th September 2024 Payment date: 30th September 2024 Dividend yield will be 4.4%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) nor is it covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 6.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. EPS is expected to grow by 8.4% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Aug 22Mercury NZ Limited Announces Final Dividend and Supplementary Dividend for the Fiscal 2024, Payable on 30 September 2024; Provides Dividend Guidance for the Fiscal Year 2025On 20 August 2024 the Mercury NZ Limited's Board declared a fully imputed final dividend of 14.0 cents per share to all shareholders who are on the Company's share register at 5pm on the record date of 12 September 2024. The dividends will be imputed at a corporate tax rate of 28%, which amounts to an imputation credit of 5.4 cents per share for the final dividend. The dividend is payable on 30 September 2024. The company also pay a supplementary dividend of 2.5 cents per share relating to the final dividend to non-resident shareholders. For the Fiscal year 2025, ordinary dividend guidance is 24.0 cents per share, representing a 3% increase on fiscal year 2024 and the seventeenth consecutive year of ordinary dividend increases.Reported Earnings • Aug 20Full year 2024 earnings released: EPS: NZ$0.21 (vs NZ$0.074 in FY 2023)Full year 2024 results: EPS: NZ$0.21 (up from NZ$0.074 in FY 2023). Revenue: NZ$3.42b (up 25% from FY 2023). Net income: NZ$290.0m (up 182% from FY 2023). Profit margin: 8.5% (up from 3.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Oceania are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Jul 22Mercury NZ Limited, Annual General Meeting, Sep 19, 2024Mercury NZ Limited, Annual General Meeting, Sep 19, 2024.お知らせ • Jul 02Mercury NZ Limited to Report Fiscal Year 2024 Results on Aug 20, 2024Mercury NZ Limited announced that they will report fiscal year 2024 results Pre-Market on Aug 20, 2024Upcoming Dividend • Mar 06Upcoming dividend of NZ$0.11 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 02 April 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.3%. Lower than top quartile of Australian dividend payers (6.3%). Lower than average of industry peers (5.1%).Declared Dividend • Feb 25First half dividend of NZ$0.11 announcedShareholders will receive a dividend of NZ$0.11. Ex-date: 13th March 2024 Payment date: 2nd April 2024 Dividend yield will be 4.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 8x earnings) nor is it covered by cash flows (199% cash payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 809% to bring the payout ratio under control. EPS is expected to grow by 61% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Feb 21First half 2024 earnings released: EPS: NZ$0.13 (vs NZ$0.17 in 1H 2023)First half 2024 results: EPS: NZ$0.13 (down from NZ$0.17 in 1H 2023). Revenue: NZ$1.61b (up 24% from 1H 2023). Net income: NZ$174.0m (down 27% from 1H 2023). Profit margin: 11% (down from 18% in 1H 2023). Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Oceania are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Feb 20Mercury NZ Limited Announces Ordinary Fully Paid Foreign Exempt NZX Distribution for the Six Months Ended December 31, 2023, Payable on April 2, 2024Mercury NZ Limited announced ordinary fully paid foreign exempt NZX distribution of NZD 0.10941176 for the six months ended December 31, 2023. Record date is March 14, 2024. Ex-date is March 13, 2024. The dividend will be payable on April 2, 2024.お知らせ • Dec 19Mercury's CFO William Meek to Step Down in 2025Mercury's Chief Financial Officer, William Meek, has confirmed that after three decades with Mercury and 15 years as CFO, he intends to leave the role at the end of March 2025 to spend more time with family. William has made a huge contribution to the company's success, in particular the consistent performance since the Initial Public Offering and the successful Tilt Renewables and Trustpower retail transactions. Mercury is pleased to have this time to ensure a seamless succession.お知らせ • Nov 24Mercury NZ Limited to Report First Half, 2024 Results on Feb 20, 2024Mercury NZ Limited announced that they will report first half, 2024 results on Feb 20, 2024お知らせ • Nov 15Mercury NZ Limited Announces Management ChangesMercury NZ Limited announced Marlene Strawson has decided after eleven years to leave Mercury. The Executive Team will consist of: Vince Hawksworth - Chief Executive; William Meek CFO; Phil Gibson Executive GM Portfolio; Stew Hamilton Executive GM Generation; Craig Neustroski Executive GM Customer; Lucie Drummond Executive GM Sustainability; Fiona Smith Executive GM People Experience and Technology and Nick Pudney Head of Integration. The new structure will come into effect on 7 December 2023.お知らせ • Sep 20Mercury NZ Limited Announces the Retirement of Patrick Strange as a DirectorMercury NZ Limited at its annual shareholders' meeting held on 19 September 2023, announced the retirement of Patrick Strange as a Director.Upcoming Dividend • Sep 06Upcoming dividend of NZ$0.15 per share at 3.8% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 29 September 2023. The company is paying out more than 100% of its profits and is paying out 92% of its cash flow. Trailing yield: 3.8%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (4.6%).お知らせ • Aug 22+ 1 more updateMercury Nz Limited Announces Dividend, Payable on September 29, 2023Mercury NZ Limited announced dividend of NZD 0.15411765. Ex date is September 13, 2023. Record date is September 14, 2023. Payment Date is September 29, 2023.New Risk • Aug 22New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 104% Cash payout ratio: 115% Dividend yield: 3.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Cash payout ratio: 115% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin).Buying Opportunity • Jul 28Now 21% undervaluedOver the last 90 days, the stock is up 3.1%. The fair value is estimated to be AU$7.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to decline by 0.9% per annum. Earnings is forecast to grow by 5.1% per annum over the same time period.お知らせ • Jul 26Mercury NZ Limited Announces Director IndependenceMercury NZ Limited announced that Adrian Littlewood and Mark Binns will join Mercury's Board with effect from 1 August and 1 September 2023 respectively, the Mercury Board has determined that both Mr. Littlewood and Mr. Binns will be Independent Directors for the purposes of the NZX Listing Rules.お知らせ • Jul 14Mercury NZ Limited Announces Board ChangesMercury NZ Limited announced changes to its Board, with Adrian Littlewood and Mark Binns joining with effect from 1 August and 1 September 2023 respectively, and Patrick Strange confirming his intention to retire at the end of the 2023 Annual Shareholders' Meeting. Mr. Binns was CEO of Meridian Energy from 2012 2017 and before that spent 22 years with Fletcher Building, including 15 years as CEO of the Construction and Infrastructure division. He currently chairs Crown Infrastructure Partners and Hynds Limited and is a director of Auckland International Airport Limited. Mr. Littlewood's executive career included 12 years at Auckland International Airport, nine of these as CEO. Prior to that he held senior roles across strategy, operations, product and marketing with Telecom New Zealand. Previous governance roles include acting as the New Zealand chair of the Australia/New Zealand Leadership Forum, chair of the NZ Airports Association, a director of North Queensland Airports and Tourism Industry Aotearoa. After more than nine years serving on the Board, Dr. Patrick Strange has confirmed his intention to retire with effect from the end of the Annual Shareholders' Meeting on 19 September 2023.お知らせ • Jul 13Mercury NZ Limited, Annual General Meeting, Sep 19, 2023Mercury NZ Limited, Annual General Meeting, Sep 19, 2023.Buying Opportunity • Jul 13Now 21% undervaluedOver the last 90 days, the stock is up 4.3%. The fair value is estimated to be AU$7.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is forecast to grow by 5.7% per annum over the same time period.お知らせ • Jun 30Mercury NZ Limited to Report Fiscal Year 2023 Results on Aug 21, 2023Mercury NZ Limited announced that they will report fiscal year 2023 results Pre-Market on Aug 21, 2023New Risk • Jun 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (104% payout ratio). Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (9.9% increase in shares outstanding).Reported Earnings • Feb 22First half 2023 earnings released: EPS: NZ$0.17 (vs NZ$0.31 in 1H 2022)First half 2023 results: EPS: NZ$0.17 (down from NZ$0.31 in 1H 2022). Revenue: NZ$1.30b (up 49% from 1H 2022). Net income: NZ$230.0m (down 46% from 1H 2022). Profit margin: 18% (down from 49% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Oceania are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 24Julia Jack to Leave as Chief Marketing Officer of Mercury NZ Limited Before the End of April 2023Mercury NZ Limited has announced that Chief Marketing Officer, Julia Jack, will leave the company before the end of April 2023. Ms. Jack joined Mercury in 2016 to assist the transition to a single brand, with additional responsibility for the sales and marketing functions. Ms. Jack leaves to take up an executive role with Kiwibank, subject to RBNZ approval.お知らせ • Jan 19Mercury NZ Limited Announces Stepdown of Dennis Barnes from BoardMercury NZ Limited has acknowledged the announcement that Dennis Barnes, director, has been appointed as the next Chief Executive Officer and Managing Director of Snowy Hydro Limited. Mr. Barnes is expected to take up the role on 1 February 2023. Consequently, Mr. Barnes will step down from the Mercury Board at a time to be determined.お知らせ • Dec 20Mercury NZ Limited to Report First Half, 2023 Results on Feb 21, 2023Mercury NZ Limited announced that they will report first half, 2023 results on Feb 21, 2023Buying Opportunity • Dec 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.2%. The fair value is estimated to be AU$6.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is also forecast to decline by 12% per annum over the same time period.Buying Opportunity • Nov 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be AU$6.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is also forecast to decline by 12% per annum over the same time period.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to AU$5.43, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 29x in the Electric Utilities industry in Oceania. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$7.29 per share.Recent Insider Transactions • Sep 24Chief Executive Officer recently bought AU$54k worth of stockOn the 20th of September, Vincent James Hawksworth bought around 10k shares on-market at roughly AU$5.35 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Vincent's only on-market trade for the last 12 months.Upcoming Dividend • Sep 07Upcoming dividend of NZ$0.14 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Australian dividend payers (6.6%). Lower than average of industry peers (4.3%).Reported Earnings • Aug 17Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: NZ$2.19b (up 7.0% from FY 2021). Net income: NZ$469.0m (up 233% from FY 2021). Profit margin: 21% (up from 6.9% in FY 2021). Revenue exceeded analyst estimates by 19%. Over the next year, revenue is forecast to grow 2.0%, compared to a 4.8% growth forecast for the Electric Utilities industry in Australia.Buying Opportunity • Aug 10Now 22% undervaluedOver the last 90 days, the stock is up 8.7%. The fair value is estimated to be AU$7.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings is also forecast to decline by 8.1% per annum over the same time period.Buying Opportunity • Apr 05Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 4.5%. The fair value is estimated to be AU$7.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 4.2% per annum. Earnings is also forecast to decline by 16% per annum over the same time period.Upcoming Dividend • Mar 09Upcoming dividend of NZ$0.094 per shareEligible shareholders must have bought the stock before 16 March 2022. Payment date: 01 April 2022. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Australian dividend payers (5.8%). Lower than average of industry peers (3.7%).Reported Earnings • Feb 23First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2022 results: EPS: NZ$0.31 (up from NZ$0.096 in 1H 2021). Revenue: NZ$873.0m (down 7.5% from 1H 2021). Net income: NZ$427.0m (up 229% from 1H 2021). Profit margin: 49% (up from 14% in 1H 2021). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) exceeded analyst estimates by 3.6%. Over the next year, revenue is expected to shrink by 7.8% compared to a 5.1% decline forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.お知らせ • Feb 22+ 2 more updatesMercury NZ Limited Approves Unfranked Fully Imputed Interim Dividend for the Period of Six Months Ended December 31, 2021, Payable on April 1, 2022Mercury NZ Limited announced that the Board has approved a unfranked interim fully imputed ordinary dividend of NZD 0.08000000 per share for the period of six months ended December 31, 2021, representing an increase of 18%, payable on April 1, 2022. Record Date is March 17, 2022 and Ex date is March 16, 2022.お知らせ • Jan 29Mercury Nz Limited Provides Production Guidance for the Year 2022Mercury NZ Limited provided production guidance for the Year 2022. For the period, the company expected 150 GWh decrease in full year hydro generation to 3,750 GWh due to dry weather in the Taupo catchment since the end of Q1-FY2022.Buying Opportunity • Jan 28Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be NZ$6.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.5% per annum over the last 3 years.Executive Departure • Oct 03Independent Non-Executive Director Keith Smith has left the companyOn the 23rd of September, Keith Smith's tenure as Independent Non-Executive Director ended after 12.4 years in the role. As of June 2021, Keith still personally held 30.16k shares (AU$192k worth at the time). Keith is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.25 years.Executive Departure • Sep 29Independent Non-Executive Director Keith Smith has left the companyOn the 23rd of September, Keith Smith's tenure as Independent Non-Executive Director ended after 12.4 years in the role. As of June 2021, Keith still personally held 30.16k shares (AU$192k worth at the time). Keith is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.17 years.Upcoming Dividend • Sep 07Upcoming dividend of NZ$0.12 per shareEligible shareholders must have bought the stock before 14 September 2021. Payment date: 30 September 2021. Trailing yield: 2.5%. Lower than top quartile of Australian dividend payers (5.1%). Lower than average of industry peers (4.0%).Reported Earnings • Aug 22Full year 2021 earnings released: EPS NZ$0.10 (vs NZ$0.15 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: NZ$2.05b (up 16% from FY 2020). Net income: NZ$141.0m (down 33% from FY 2020). Profit margin: 6.9% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.お知らせ • Aug 04Mercury NZ Limited (NZSE:MCY) completed the acquisition of New Zealand business of Tilt Renewables Limited (NZSE:TLT).Mercury NZ Limited (NZSE:MCY) entered into a Scheme Implementation Agreement to acquire New Zealand business of Tilt Renewables Limited (NZSE:TLT) from March 14, 2021. Mercury NZ made the acquisition for an enterprise valuation of approximately NZD 770 million. The acquisition will be funded from the sale of Mercury’s 19.9% Tilt shareholding, worth NZD 585 million and net debt of NZD 185 million. As per amendment on April 16, 2021, The acquisition of the New Zealand operations by Mercury will be funded from the sale of Mercury’s 19.9% Tilt shareholding, worth NZD 608 million and net debt of NZD 189 million. In a related deal, Powering Australian Renewables agreed to acquire Tilt Renewables Limited. As of July 15, 2021, Tilt Renewables shareholder has approved the transaction. As of July 23, 2021, Tilt Renewables Limited, advises that the High Court has made final orders approving the Scheme of Arrangement under which Mercury NZ Limited (Mercury) will acquire Tilt Renewables' New Zealand business. The proposed transaction is expected to complete on August 3, 2021. John Brewster, Lynda Tully, Nik Lukic and Cassandra Wee of Ashurst Australia acted as legal advisors to Tilt Renewables Limited. Mercury NZ Limited (NZSE:MCY) completed the acquisition of New Zealand business of Tilt Renewables Limited (NZSE:TLT) on August 3, 2021.Recent Insider Transactions • May 19Chief Executive Officer recently bought AU$64k worth of stockOn the 10th of May, Vincent Hawksworth bought around 10k shares on-market at roughly AU$6.41 per share. In the last 3 months, they made an even bigger purchase worth AU$120k. Vincent has been a buyer over the last 12 months, purchasing a net total of AU$184k worth in shares.Recent Insider Transactions • May 11General Manager of People & Performance recently sold AU$351k worth of stockOn the 7th of May, Marlene Strawson sold around 55k shares on-market at roughly AU$6.39 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$98k more than they bought in the last 12 months.Recent Insider Transactions • Apr 28Independent Non-Executive Chairman recently bought AU$115k worth of stockOn the 19th of April, Prudence Flacks bought around 19k shares on-market at roughly AU$6.21 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$120k. This was Prudence's only on-market trade for the last 12 months.Recent Insider Transactions • Mar 26Chief Executive Officer recently bought AU$120k worth of stockOn the 18th of March, Vincent Hawksworth bought around 20k shares on-market at roughly AU$6.00 per share. This was the largest purchase by an insider in the last 3 months. This was Vincent's only on-market trade for the last 12 months.Reported Earnings • Feb 25First half 2021 earnings released: EPS NZ$0.095 (vs NZ$0.061 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NZ$944.0m (up 1.7% from 1H 2020). Net income: NZ$130.0m (up 57% from 1H 2020). Profit margin: 14% (up from 8.9% in 1H 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Analyst Estimate Surprise Post Earnings • Feb 25Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 39%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Over the next year, revenue is forecast to decline by -5.2% while the Electric Utilities industry in Australia is not expected to grow.Is New 90 Day High Low • Feb 25New 90-day low: AU$5.53The company is down 5.0% from its price of AU$5.82 on 27 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.44 per share.Is New 90 Day High Low • Jan 07New 90-day high: AU$6.88The company is up 38% from its price of AU$4.98 on 09 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$5.15 per share.Valuation Update With 7 Day Price Move • Dec 18Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NZ$5.70, the stock is trading at a trailing P/E ratio of 39x, down from the previous P/E ratio of 46.2x. This compares to an average P/E of 44x in the Electric Utilities industry in Oceania. Total returns to shareholders over the past three years are 116%.Is New 90 Day High Low • Dec 08New 90-day high: AU$6.29The company is up 26% from its price of AU$4.99 on 09 September 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.46 per share.Is New 90 Day High Low • Nov 10New 90-day high: AU$5.22The company is up 19% from its price of AU$4.39 on 12 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.11 per share.お知らせ • Nov 05Macquarie Infrastructure Partners V, L.P. acquired an unknown stake in Hudson Ranch 1 from Mercury NZ Limited (NZSE:MCY) for NZD 40 million.Macquarie Infrastructure Partners V, L.P. acquired an unknown stake in Hudson Ranch 1 from Mercury NZ Limited (NZSE:MCY) for NZD 40 million on November 4, 2020. Macquarie Infrastructure Partners V, L.P. completed the acquisition of an unknown stake in Hudson Ranch 1 from Mercury NZ Limited (NZSE:MCY) on November 4, 2020.Is New 90 Day High Low • Oct 13New 90-day high: AU$5.10The company is up 11% from its price of AU$4.59 on 15 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electric Utilities industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.25 per share.お知らせ • Oct 07Mercury NZ Limited to Report First Half, 2021 Results on Feb 26, 2021Mercury NZ Limited announced that they will report first half, 2021 results on Feb 26, 2021お知らせ • Jul 07Mercury NZ Limited to Report Fiscal Year 2020 Results on Aug 18, 2020Mercury NZ Limited announced that they will report fiscal year 2020 results at 9:00 AM, Tonga Standard Time on Aug 18, 2020株主還元MCYAU Electric UtilitiesAU 市場7D-4.3%-4.1%0.08%1Y-1.1%2.4%3.1%株主還元を見る業界別リターン: MCY過去 1 年間で2.4 % の収益を上げたAustralian Electric Utilities業界を下回りました。リターン対市場: MCYは、過去 1 年間で3.1 % のリターンを上げたAustralian市場を下回りました。価格変動Is MCY's price volatile compared to industry and market?MCY volatilityMCY Average Weekly Movement6.0%Electric Utilities Industry Average Movement3.2%Market Average Movement10.5%10% most volatile stocks in AU Market17.5%10% least volatile stocks in AU Market4.3%安定した株価: MCY 、 Australian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: MCYの 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19981,364Stew Hamiltonwww.mercury.co.nzマーキュリー・ニュージーランド・リミテッド（Mercury NZ Limited）は、その子会社とともに、ニュージーランドで電力の生産、取引、販売および関連事業を行っている。同社は発電／卸売、需要家、その他の分野で事業を展開している。ワイカト川で9つの水力発電所、5つの風力発電所、北島中央部で5つの地熱発電所を運営している。また、グローバッグ（GLOBUG）、トラストパワー（Trustpower）、マーキュリー（Mercury）のブランドで、家庭用、商業用、産業用、スポット市場の顧客に電力を販売している。さらに、パイプライン天然ガス、ブロードバンド、電気通信製品・サービス、モバイルサービス、その他の製品も提供している。以前はマイティー・リバー・パワー・リミテッドとして知られていたが、2016年7月にマーキュリーNZリミテッドに社名変更した。マーキュリーNZリミテッドは1998年に法人化され、ニュージーランドのオークランドを拠点としている。もっと見るMercury NZ Limited 基礎のまとめMercury NZ の収益と売上を時価総額と比較するとどうか。MCY 基礎統計学時価総額AU$8.14b収益（TTM）AU$72.31m売上高(TTM)AU$2.80b112.5xPER（株価収益率2.9xP/SレシオMCY は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計MCY 損益計算書（TTM）収益NZ$3.41b売上原価NZ$2.59b売上総利益NZ$822.00mその他の費用NZ$734.00m収益NZ$88.00m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）0.062グロス・マージン24.13%純利益率2.58%有利子負債／自己資本比率47.3%MCY の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.5%現在の配当利回り390%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 16:22終値2026/05/22 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Mercury NZ Limited 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。9 アナリスト機関Grant SwanepoelDeutsche BankAndrew Harvey-GreenForsyth Barr Group Ltd.Mark WisemanGoldman Sachs6 その他のアナリストを表示
Declared Dividend • Feb 26First half dividend of NZ$0.12 announcedShareholders will receive a dividend of NZ$0.12. Ex-date: 4th March 2026 Payment date: 1st April 2026 Dividend yield will be 5.1%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (390% earnings payout ratio) nor is it covered by cash flows (351% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 334% to bring the payout ratio under control. EPS is expected to grow by 62% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Feb 25Mercury NZ Limited Announces Distribution for the Six Months Ended December 31, 2025, Payable on April 1, 2026Mercury NZ Limited has announced a new distribution in respect of its ordinary fully paid foreign exempt NZX shares for the Six Months Ended December 31, 2025 (MCY). The distribution amount is NZD 0.11764706 per share. The ex-date for the distribution is 4 March 2026, and the record date is 5 March 2026. The payment date has been fixed as 1 April 2026.
Reported Earnings • Feb 25First half 2026 earnings released: EPS: NZ$0.014 (vs NZ$0.048 loss in 1H 2025)First half 2026 results: EPS: NZ$0.014 (up from NZ$0.048 loss in 1H 2025). Revenue: NZ$1.66b (down 5.2% from 1H 2025). Net income: NZ$20.0m (up NZ$87.0m from 1H 2025). Profit margin: 1.2% (up from net loss in 1H 2025). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Global Electric Utilities industry. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 09Mercury NZ Limited to Report First Half, 2026 Results on Feb 24, 2026Mercury NZ Limited announced that they will report first half, 2026 results on Feb 24, 2026
お知らせ • Oct 02Mercury NZ Limited Announces Appointment of Suraiya Phillimore-Smith as Chief Customer Officer, Effective 3 November 2025Mercury NZ Limited has appointed Suraiya Phillimore-Smith as its Chief Customer Officer, with effect from 3 November 2025. Suraiya has more than 20 years' local and international experience in customer strategy, marketing and brand across financial services, telecommunications and technology, including executive level roles at Suncorp NZ and Westpac NZ. Suraiya was previously Chief Customer Officer at Suncorp NZ where she led a large team responsible for customer, sales, distribution, brand, marketing, government relations and ESG strategy across intermediated general insurance channels. Prior to that, she was Chief Marketing Officer at Westpac NZ. She has also worked in a range of roles for Vodafone NZ, Vodafone UK and Sony. As disclosed earlier, Mercury's previous Chief Operating Officer Customer, Craig Neustroski, remains in the business as Chief Strategy and Transformation Officer and will support the transition.
お知らせ • Aug 22+ 2 more updatesMercury NZ Limited Declares Fully Imputed Final Dividend, Payable on September 30, 2025Mercury NZ Limited announced that the Board has declared a fully imputed final dividend of 14.4 cents per share (cps) to be paid on 30 September 2025. This brings the full-year ordinary dividend to 24.0 cps, up 3% on prior year (23.3 cps FY24).
Declared Dividend • Feb 26First half dividend of NZ$0.12 announcedShareholders will receive a dividend of NZ$0.12. Ex-date: 4th March 2026 Payment date: 1st April 2026 Dividend yield will be 5.1%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (390% earnings payout ratio) nor is it covered by cash flows (351% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 334% to bring the payout ratio under control. EPS is expected to grow by 62% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Feb 25Mercury NZ Limited Announces Distribution for the Six Months Ended December 31, 2025, Payable on April 1, 2026Mercury NZ Limited has announced a new distribution in respect of its ordinary fully paid foreign exempt NZX shares for the Six Months Ended December 31, 2025 (MCY). The distribution amount is NZD 0.11764706 per share. The ex-date for the distribution is 4 March 2026, and the record date is 5 March 2026. The payment date has been fixed as 1 April 2026.
Reported Earnings • Feb 25First half 2026 earnings released: EPS: NZ$0.014 (vs NZ$0.048 loss in 1H 2025)First half 2026 results: EPS: NZ$0.014 (up from NZ$0.048 loss in 1H 2025). Revenue: NZ$1.66b (down 5.2% from 1H 2025). Net income: NZ$20.0m (up NZ$87.0m from 1H 2025). Profit margin: 1.2% (up from net loss in 1H 2025). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Global Electric Utilities industry. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 09Mercury NZ Limited to Report First Half, 2026 Results on Feb 24, 2026Mercury NZ Limited announced that they will report first half, 2026 results on Feb 24, 2026
お知らせ • Oct 02Mercury NZ Limited Announces Appointment of Suraiya Phillimore-Smith as Chief Customer Officer, Effective 3 November 2025Mercury NZ Limited has appointed Suraiya Phillimore-Smith as its Chief Customer Officer, with effect from 3 November 2025. Suraiya has more than 20 years' local and international experience in customer strategy, marketing and brand across financial services, telecommunications and technology, including executive level roles at Suncorp NZ and Westpac NZ. Suraiya was previously Chief Customer Officer at Suncorp NZ where she led a large team responsible for customer, sales, distribution, brand, marketing, government relations and ESG strategy across intermediated general insurance channels. Prior to that, she was Chief Marketing Officer at Westpac NZ. She has also worked in a range of roles for Vodafone NZ, Vodafone UK and Sony. As disclosed earlier, Mercury's previous Chief Operating Officer Customer, Craig Neustroski, remains in the business as Chief Strategy and Transformation Officer and will support the transition.
お知らせ • Aug 22+ 2 more updatesMercury NZ Limited Declares Fully Imputed Final Dividend, Payable on September 30, 2025Mercury NZ Limited announced that the Board has declared a fully imputed final dividend of 14.4 cents per share (cps) to be paid on 30 September 2025. This brings the full-year ordinary dividend to 24.0 cps, up 3% on prior year (23.3 cps FY24).
Declared Dividend • Aug 21Final dividend of NZ$0.17 announcedShareholders will receive a dividend of NZ$0.17. Ex-date: 3rd September 2025 Payment date: 30th September 2025 Dividend yield will be 4.6%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 336x earnings) nor is it covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 5.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 37,248% to bring the payout ratio under control. EPS is expected to grow by 93% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Aug 19Full year 2025 earnings released: EPS: NZ$0.001 (vs NZ$0.21 in FY 2024)Full year 2025 results: EPS: NZ$0.001 (down from NZ$0.21 in FY 2024). Revenue: NZ$3.50b (up 2.2% from FY 2024). Net income: NZ$1.00m (down 100% from FY 2024). Profit margin: 0% (down from 8.5% in FY 2024). Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Global Electric Utilities industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 23Mercury NZ Limited, Annual General Meeting, Sep 19, 2025Mercury NZ Limited, Annual General Meeting, Sep 19, 2025. Location: eden park, New Zealand
お知らせ • Jun 30Mercury NZ Limited to Report Fiscal Year 2025 Results on Aug 19, 2025Mercury NZ Limited announced that they will report fiscal year 2025 results on Aug 19, 2025
お知らせ • Apr 24Mercury NZ Limited Announces Executive ChangesMercury NZ Limited announced that senior energy executive Catherine Thompson has been appointed as Mercury's new Chief Sustainability Officer and will start the role on 28 July 2025. Catherine has over 30 years' experience across the energy and legal sectors, including executive level roles at major New Zealand energy providers, Contact Energy and Manawa Energy. She has expertise across corporate affairs functions as well as sustainability and consenting, strategy and risk management. Catherine was previously GM Regulatory & Risk for Manawa Energy and prior to that was Chief Corporate Affairs Officer and General Counsel for Contact Energy. She has also worked in private practice and in-house legal roles both in the UK and New Zealand. Current Chief Sustainability Officer, Lucie Drummond, will stay on until June 2025 to support with the transition.
お知らせ • Apr 16Mercury NZ Limited Remains Ordinary Dividend Guidance UnchangedMercury NZ Limited announced that FY2025 ordinary dividend guidance remains unchanged at 24.0 cents per share and stay-in-business capital expenditure guidance remains unchanged at $150 million.
お知らせ • Mar 24Mercury Appoints Kevin Taylor as Chief Operating Officer - Generation, Effective 8 April 2025Mercury NZ Limited has appointed Kevin Taylor as its Chief Operating Officer - Generation, with effect from 8 April 2025. Kevin brings over 34 years of extensive experience within large industry, including expertise in operational excellence, risk management and safety leadership. Most recently he was the General Manager for Rio Tinto Pacific Operations. Mr. Taylor's experience spans various leadership positions across New Zealand and Australia, including General Manager at Bell Bay Aluminium and Health, Safety and Environment General Manager at Rio Tinto Aluminium (Pacific). As Chief Operating Officer - Generation, Mr. Taylor will be responsible for the safe operation and maintenance of Mercury's electricity generation assets, which last financial year produced about 8,780 GWh of renewable electricity, enough to power more than 1.2 million homes.
Declared Dividend • Feb 27First half dividend of NZ$0.11 announcedShareholders will receive a dividend of NZ$0.11. Ex-date: 5th March 2025 Payment date: 1st April 2025 Dividend yield will be 4.9%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings) nor is it covered by cash flows (220% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 646% to bring the payout ratio under control. EPS is expected to grow by 90% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Feb 26First half 2025 earnings released: NZ$0.048 loss per share (vs NZ$0.13 profit in 1H 2024)First half 2025 results: NZ$0.048 loss per share (down from NZ$0.13 profit in 1H 2024). Revenue: NZ$1.76b (up 9.3% from 1H 2024). Net loss: NZ$67.0m (down 139% from profit in 1H 2024). Revenue is forecast to stay flat during the next 3 years compared to a 1.2% decline forecast for the Electric Utilities industry in Oceania. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
New Risk • Feb 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 220%
お知らせ • Jan 21Mercury NZ Limited Announces CFO ChangesMercury NZ Limited has appointed Richard Hopkins as its Chief Financial Officer, effective 14 April 2025. Richard brings over 25 years’ local and international experience across the finance sector and primary industries, including more than a decade in CFO roles for major New Zealand companies. An experienced executive, Richard has deep expertise in corporate finance, M&A, business transformation and strategy development. Richard is currently the CFO of Zespri International Ltd. where he leads a large global team. There, he is responsible for the company’s finance, tax and treasury, legal, company secretary, risk and assurance, procurement, corporate development and integrated business planning functions. That followed nearly a decade at Ballance Agri-Nutrients where he held a broad range of roles and responsibilities across finance, sales, growth and digital transformation, including six years as CFO. Richard originally comes from a banking background. This has included roles at investment banks HSBC and Credit Suisse in the UK, where he specialised in power and utility sector transactions; and at Westpac in New Zealand, where he was a director in their Corporate Finance team. Mercury will work through a comprehensive handover with current CFO, William Meek, who leaves Mercury at the end of March 2025.
お知らせ • Dec 17Mercury NZ Limited to Report First Half, 2025 Results on Feb 25, 2025Mercury NZ Limited announced that they will report first half, 2025 results on Feb 25, 2025
お知らせ • Sep 19Mercury NZ Limited Announces CEO ChangesThe Board of Mercury NZ Limited appointed Stew Hamilton to the role of Chief Executive, succeeding Vince Hawksworth who retired at the end of August 2024. Stew was previously Mercury's Executive General Manager Generation. He has a proven track record of success in leading large, complex businesses changesin New Zealand and internationally. His appointment is the result of the Board's strategic focus on succession planning, and testament to the depth of talent have within Mercury.
Upcoming Dividend • Sep 05Upcoming dividend of NZ$0.16 per shareEligible shareholders must have bought the stock before 11 September 2024. Payment date: 30 September 2024. The company is paying out more than 100% of its profits and is paying out 96% of its cash flow. Trailing yield: 3.7%. Lower than top quartile of Australian dividend payers (6.2%). Lower than average of industry peers (5.0%).
Board Change • Aug 23High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Nicole Roise was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • Aug 22Final dividend of NZ$0.16 announcedShareholders will receive a dividend of NZ$0.16. Ex-date: 11th September 2024 Payment date: 30th September 2024 Dividend yield will be 4.4%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) nor is it covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 6.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. EPS is expected to grow by 8.4% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Aug 22Mercury NZ Limited Announces Final Dividend and Supplementary Dividend for the Fiscal 2024, Payable on 30 September 2024; Provides Dividend Guidance for the Fiscal Year 2025On 20 August 2024 the Mercury NZ Limited's Board declared a fully imputed final dividend of 14.0 cents per share to all shareholders who are on the Company's share register at 5pm on the record date of 12 September 2024. The dividends will be imputed at a corporate tax rate of 28%, which amounts to an imputation credit of 5.4 cents per share for the final dividend. The dividend is payable on 30 September 2024. The company also pay a supplementary dividend of 2.5 cents per share relating to the final dividend to non-resident shareholders. For the Fiscal year 2025, ordinary dividend guidance is 24.0 cents per share, representing a 3% increase on fiscal year 2024 and the seventeenth consecutive year of ordinary dividend increases.
Reported Earnings • Aug 20Full year 2024 earnings released: EPS: NZ$0.21 (vs NZ$0.074 in FY 2023)Full year 2024 results: EPS: NZ$0.21 (up from NZ$0.074 in FY 2023). Revenue: NZ$3.42b (up 25% from FY 2023). Net income: NZ$290.0m (up 182% from FY 2023). Profit margin: 8.5% (up from 3.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Oceania are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 22Mercury NZ Limited, Annual General Meeting, Sep 19, 2024Mercury NZ Limited, Annual General Meeting, Sep 19, 2024.
お知らせ • Jul 02Mercury NZ Limited to Report Fiscal Year 2024 Results on Aug 20, 2024Mercury NZ Limited announced that they will report fiscal year 2024 results Pre-Market on Aug 20, 2024
Upcoming Dividend • Mar 06Upcoming dividend of NZ$0.11 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 02 April 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.3%. Lower than top quartile of Australian dividend payers (6.3%). Lower than average of industry peers (5.1%).
Declared Dividend • Feb 25First half dividend of NZ$0.11 announcedShareholders will receive a dividend of NZ$0.11. Ex-date: 13th March 2024 Payment date: 2nd April 2024 Dividend yield will be 4.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 8x earnings) nor is it covered by cash flows (199% cash payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 809% to bring the payout ratio under control. EPS is expected to grow by 61% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Feb 21First half 2024 earnings released: EPS: NZ$0.13 (vs NZ$0.17 in 1H 2023)First half 2024 results: EPS: NZ$0.13 (down from NZ$0.17 in 1H 2023). Revenue: NZ$1.61b (up 24% from 1H 2023). Net income: NZ$174.0m (down 27% from 1H 2023). Profit margin: 11% (down from 18% in 1H 2023). Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Oceania are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Feb 20Mercury NZ Limited Announces Ordinary Fully Paid Foreign Exempt NZX Distribution for the Six Months Ended December 31, 2023, Payable on April 2, 2024Mercury NZ Limited announced ordinary fully paid foreign exempt NZX distribution of NZD 0.10941176 for the six months ended December 31, 2023. Record date is March 14, 2024. Ex-date is March 13, 2024. The dividend will be payable on April 2, 2024.
お知らせ • Dec 19Mercury's CFO William Meek to Step Down in 2025Mercury's Chief Financial Officer, William Meek, has confirmed that after three decades with Mercury and 15 years as CFO, he intends to leave the role at the end of March 2025 to spend more time with family. William has made a huge contribution to the company's success, in particular the consistent performance since the Initial Public Offering and the successful Tilt Renewables and Trustpower retail transactions. Mercury is pleased to have this time to ensure a seamless succession.
お知らせ • Nov 24Mercury NZ Limited to Report First Half, 2024 Results on Feb 20, 2024Mercury NZ Limited announced that they will report first half, 2024 results on Feb 20, 2024
お知らせ • Nov 15Mercury NZ Limited Announces Management ChangesMercury NZ Limited announced Marlene Strawson has decided after eleven years to leave Mercury. The Executive Team will consist of: Vince Hawksworth - Chief Executive; William Meek CFO; Phil Gibson Executive GM Portfolio; Stew Hamilton Executive GM Generation; Craig Neustroski Executive GM Customer; Lucie Drummond Executive GM Sustainability; Fiona Smith Executive GM People Experience and Technology and Nick Pudney Head of Integration. The new structure will come into effect on 7 December 2023.
お知らせ • Sep 20Mercury NZ Limited Announces the Retirement of Patrick Strange as a DirectorMercury NZ Limited at its annual shareholders' meeting held on 19 September 2023, announced the retirement of Patrick Strange as a Director.
Upcoming Dividend • Sep 06Upcoming dividend of NZ$0.15 per share at 3.8% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 29 September 2023. The company is paying out more than 100% of its profits and is paying out 92% of its cash flow. Trailing yield: 3.8%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (4.6%).
お知らせ • Aug 22+ 1 more updateMercury Nz Limited Announces Dividend, Payable on September 29, 2023Mercury NZ Limited announced dividend of NZD 0.15411765. Ex date is September 13, 2023. Record date is September 14, 2023. Payment Date is September 29, 2023.
New Risk • Aug 22New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 104% Cash payout ratio: 115% Dividend yield: 3.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Cash payout ratio: 115% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin).
Buying Opportunity • Jul 28Now 21% undervaluedOver the last 90 days, the stock is up 3.1%. The fair value is estimated to be AU$7.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to decline by 0.9% per annum. Earnings is forecast to grow by 5.1% per annum over the same time period.
お知らせ • Jul 26Mercury NZ Limited Announces Director IndependenceMercury NZ Limited announced that Adrian Littlewood and Mark Binns will join Mercury's Board with effect from 1 August and 1 September 2023 respectively, the Mercury Board has determined that both Mr. Littlewood and Mr. Binns will be Independent Directors for the purposes of the NZX Listing Rules.
お知らせ • Jul 14Mercury NZ Limited Announces Board ChangesMercury NZ Limited announced changes to its Board, with Adrian Littlewood and Mark Binns joining with effect from 1 August and 1 September 2023 respectively, and Patrick Strange confirming his intention to retire at the end of the 2023 Annual Shareholders' Meeting. Mr. Binns was CEO of Meridian Energy from 2012 2017 and before that spent 22 years with Fletcher Building, including 15 years as CEO of the Construction and Infrastructure division. He currently chairs Crown Infrastructure Partners and Hynds Limited and is a director of Auckland International Airport Limited. Mr. Littlewood's executive career included 12 years at Auckland International Airport, nine of these as CEO. Prior to that he held senior roles across strategy, operations, product and marketing with Telecom New Zealand. Previous governance roles include acting as the New Zealand chair of the Australia/New Zealand Leadership Forum, chair of the NZ Airports Association, a director of North Queensland Airports and Tourism Industry Aotearoa. After more than nine years serving on the Board, Dr. Patrick Strange has confirmed his intention to retire with effect from the end of the Annual Shareholders' Meeting on 19 September 2023.
お知らせ • Jul 13Mercury NZ Limited, Annual General Meeting, Sep 19, 2023Mercury NZ Limited, Annual General Meeting, Sep 19, 2023.
Buying Opportunity • Jul 13Now 21% undervaluedOver the last 90 days, the stock is up 4.3%. The fair value is estimated to be AU$7.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is forecast to grow by 5.7% per annum over the same time period.
お知らせ • Jun 30Mercury NZ Limited to Report Fiscal Year 2023 Results on Aug 21, 2023Mercury NZ Limited announced that they will report fiscal year 2023 results Pre-Market on Aug 21, 2023
New Risk • Jun 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (104% payout ratio). Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (9.9% increase in shares outstanding).
Reported Earnings • Feb 22First half 2023 earnings released: EPS: NZ$0.17 (vs NZ$0.31 in 1H 2022)First half 2023 results: EPS: NZ$0.17 (down from NZ$0.31 in 1H 2022). Revenue: NZ$1.30b (up 49% from 1H 2022). Net income: NZ$230.0m (down 46% from 1H 2022). Profit margin: 18% (down from 49% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Oceania are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 24Julia Jack to Leave as Chief Marketing Officer of Mercury NZ Limited Before the End of April 2023Mercury NZ Limited has announced that Chief Marketing Officer, Julia Jack, will leave the company before the end of April 2023. Ms. Jack joined Mercury in 2016 to assist the transition to a single brand, with additional responsibility for the sales and marketing functions. Ms. Jack leaves to take up an executive role with Kiwibank, subject to RBNZ approval.
お知らせ • Jan 19Mercury NZ Limited Announces Stepdown of Dennis Barnes from BoardMercury NZ Limited has acknowledged the announcement that Dennis Barnes, director, has been appointed as the next Chief Executive Officer and Managing Director of Snowy Hydro Limited. Mr. Barnes is expected to take up the role on 1 February 2023. Consequently, Mr. Barnes will step down from the Mercury Board at a time to be determined.
お知らせ • Dec 20Mercury NZ Limited to Report First Half, 2023 Results on Feb 21, 2023Mercury NZ Limited announced that they will report first half, 2023 results on Feb 21, 2023
Buying Opportunity • Dec 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.2%. The fair value is estimated to be AU$6.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is also forecast to decline by 12% per annum over the same time period.
Buying Opportunity • Nov 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be AU$6.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is also forecast to decline by 12% per annum over the same time period.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to AU$5.43, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 29x in the Electric Utilities industry in Oceania. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$7.29 per share.
Recent Insider Transactions • Sep 24Chief Executive Officer recently bought AU$54k worth of stockOn the 20th of September, Vincent James Hawksworth bought around 10k shares on-market at roughly AU$5.35 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Vincent's only on-market trade for the last 12 months.
Upcoming Dividend • Sep 07Upcoming dividend of NZ$0.14 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Australian dividend payers (6.6%). Lower than average of industry peers (4.3%).
Reported Earnings • Aug 17Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: NZ$2.19b (up 7.0% from FY 2021). Net income: NZ$469.0m (up 233% from FY 2021). Profit margin: 21% (up from 6.9% in FY 2021). Revenue exceeded analyst estimates by 19%. Over the next year, revenue is forecast to grow 2.0%, compared to a 4.8% growth forecast for the Electric Utilities industry in Australia.
Buying Opportunity • Aug 10Now 22% undervaluedOver the last 90 days, the stock is up 8.7%. The fair value is estimated to be AU$7.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings is also forecast to decline by 8.1% per annum over the same time period.
Buying Opportunity • Apr 05Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 4.5%. The fair value is estimated to be AU$7.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 4.2% per annum. Earnings is also forecast to decline by 16% per annum over the same time period.
Upcoming Dividend • Mar 09Upcoming dividend of NZ$0.094 per shareEligible shareholders must have bought the stock before 16 March 2022. Payment date: 01 April 2022. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Australian dividend payers (5.8%). Lower than average of industry peers (3.7%).
Reported Earnings • Feb 23First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2022 results: EPS: NZ$0.31 (up from NZ$0.096 in 1H 2021). Revenue: NZ$873.0m (down 7.5% from 1H 2021). Net income: NZ$427.0m (up 229% from 1H 2021). Profit margin: 49% (up from 14% in 1H 2021). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) exceeded analyst estimates by 3.6%. Over the next year, revenue is expected to shrink by 7.8% compared to a 5.1% decline forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
お知らせ • Feb 22+ 2 more updatesMercury NZ Limited Approves Unfranked Fully Imputed Interim Dividend for the Period of Six Months Ended December 31, 2021, Payable on April 1, 2022Mercury NZ Limited announced that the Board has approved a unfranked interim fully imputed ordinary dividend of NZD 0.08000000 per share for the period of six months ended December 31, 2021, representing an increase of 18%, payable on April 1, 2022. Record Date is March 17, 2022 and Ex date is March 16, 2022.
お知らせ • Jan 29Mercury Nz Limited Provides Production Guidance for the Year 2022Mercury NZ Limited provided production guidance for the Year 2022. For the period, the company expected 150 GWh decrease in full year hydro generation to 3,750 GWh due to dry weather in the Taupo catchment since the end of Q1-FY2022.
Buying Opportunity • Jan 28Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be NZ$6.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.5% per annum over the last 3 years.
Executive Departure • Oct 03Independent Non-Executive Director Keith Smith has left the companyOn the 23rd of September, Keith Smith's tenure as Independent Non-Executive Director ended after 12.4 years in the role. As of June 2021, Keith still personally held 30.16k shares (AU$192k worth at the time). Keith is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.25 years.
Executive Departure • Sep 29Independent Non-Executive Director Keith Smith has left the companyOn the 23rd of September, Keith Smith's tenure as Independent Non-Executive Director ended after 12.4 years in the role. As of June 2021, Keith still personally held 30.16k shares (AU$192k worth at the time). Keith is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.17 years.
Upcoming Dividend • Sep 07Upcoming dividend of NZ$0.12 per shareEligible shareholders must have bought the stock before 14 September 2021. Payment date: 30 September 2021. Trailing yield: 2.5%. Lower than top quartile of Australian dividend payers (5.1%). Lower than average of industry peers (4.0%).
Reported Earnings • Aug 22Full year 2021 earnings released: EPS NZ$0.10 (vs NZ$0.15 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: NZ$2.05b (up 16% from FY 2020). Net income: NZ$141.0m (down 33% from FY 2020). Profit margin: 6.9% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
お知らせ • Aug 04Mercury NZ Limited (NZSE:MCY) completed the acquisition of New Zealand business of Tilt Renewables Limited (NZSE:TLT).Mercury NZ Limited (NZSE:MCY) entered into a Scheme Implementation Agreement to acquire New Zealand business of Tilt Renewables Limited (NZSE:TLT) from March 14, 2021. Mercury NZ made the acquisition for an enterprise valuation of approximately NZD 770 million. The acquisition will be funded from the sale of Mercury’s 19.9% Tilt shareholding, worth NZD 585 million and net debt of NZD 185 million. As per amendment on April 16, 2021, The acquisition of the New Zealand operations by Mercury will be funded from the sale of Mercury’s 19.9% Tilt shareholding, worth NZD 608 million and net debt of NZD 189 million. In a related deal, Powering Australian Renewables agreed to acquire Tilt Renewables Limited. As of July 15, 2021, Tilt Renewables shareholder has approved the transaction. As of July 23, 2021, Tilt Renewables Limited, advises that the High Court has made final orders approving the Scheme of Arrangement under which Mercury NZ Limited (Mercury) will acquire Tilt Renewables' New Zealand business. The proposed transaction is expected to complete on August 3, 2021. John Brewster, Lynda Tully, Nik Lukic and Cassandra Wee of Ashurst Australia acted as legal advisors to Tilt Renewables Limited. Mercury NZ Limited (NZSE:MCY) completed the acquisition of New Zealand business of Tilt Renewables Limited (NZSE:TLT) on August 3, 2021.
Recent Insider Transactions • May 19Chief Executive Officer recently bought AU$64k worth of stockOn the 10th of May, Vincent Hawksworth bought around 10k shares on-market at roughly AU$6.41 per share. In the last 3 months, they made an even bigger purchase worth AU$120k. Vincent has been a buyer over the last 12 months, purchasing a net total of AU$184k worth in shares.
Recent Insider Transactions • May 11General Manager of People & Performance recently sold AU$351k worth of stockOn the 7th of May, Marlene Strawson sold around 55k shares on-market at roughly AU$6.39 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$98k more than they bought in the last 12 months.
Recent Insider Transactions • Apr 28Independent Non-Executive Chairman recently bought AU$115k worth of stockOn the 19th of April, Prudence Flacks bought around 19k shares on-market at roughly AU$6.21 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$120k. This was Prudence's only on-market trade for the last 12 months.
Recent Insider Transactions • Mar 26Chief Executive Officer recently bought AU$120k worth of stockOn the 18th of March, Vincent Hawksworth bought around 20k shares on-market at roughly AU$6.00 per share. This was the largest purchase by an insider in the last 3 months. This was Vincent's only on-market trade for the last 12 months.
Reported Earnings • Feb 25First half 2021 earnings released: EPS NZ$0.095 (vs NZ$0.061 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NZ$944.0m (up 1.7% from 1H 2020). Net income: NZ$130.0m (up 57% from 1H 2020). Profit margin: 14% (up from 8.9% in 1H 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 25Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 39%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Over the next year, revenue is forecast to decline by -5.2% while the Electric Utilities industry in Australia is not expected to grow.
Is New 90 Day High Low • Feb 25New 90-day low: AU$5.53The company is down 5.0% from its price of AU$5.82 on 27 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.44 per share.
Is New 90 Day High Low • Jan 07New 90-day high: AU$6.88The company is up 38% from its price of AU$4.98 on 09 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$5.15 per share.
Valuation Update With 7 Day Price Move • Dec 18Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NZ$5.70, the stock is trading at a trailing P/E ratio of 39x, down from the previous P/E ratio of 46.2x. This compares to an average P/E of 44x in the Electric Utilities industry in Oceania. Total returns to shareholders over the past three years are 116%.
Is New 90 Day High Low • Dec 08New 90-day high: AU$6.29The company is up 26% from its price of AU$4.99 on 09 September 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.46 per share.
Is New 90 Day High Low • Nov 10New 90-day high: AU$5.22The company is up 19% from its price of AU$4.39 on 12 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.11 per share.
お知らせ • Nov 05Macquarie Infrastructure Partners V, L.P. acquired an unknown stake in Hudson Ranch 1 from Mercury NZ Limited (NZSE:MCY) for NZD 40 million.Macquarie Infrastructure Partners V, L.P. acquired an unknown stake in Hudson Ranch 1 from Mercury NZ Limited (NZSE:MCY) for NZD 40 million on November 4, 2020. Macquarie Infrastructure Partners V, L.P. completed the acquisition of an unknown stake in Hudson Ranch 1 from Mercury NZ Limited (NZSE:MCY) on November 4, 2020.
Is New 90 Day High Low • Oct 13New 90-day high: AU$5.10The company is up 11% from its price of AU$4.59 on 15 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electric Utilities industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.25 per share.
お知らせ • Oct 07Mercury NZ Limited to Report First Half, 2021 Results on Feb 26, 2021Mercury NZ Limited announced that they will report first half, 2021 results on Feb 26, 2021
お知らせ • Jul 07Mercury NZ Limited to Report Fiscal Year 2020 Results on Aug 18, 2020Mercury NZ Limited announced that they will report fiscal year 2020 results at 9:00 AM, Tonga Standard Time on Aug 18, 2020
