Contact Energy (ASX:CEN) - Stock Price, News & Analysis

CEN Stock Overview

Generates and sells electricity and natural gas in New Zealand. More details

CEN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	5/6
Financial Health	2/6
Dividends	3/6

Rewards

Trading at 64.5% below our estimate of its fair value

Earnings are forecast to grow 4.45% per year

Earnings grew by 85% over the past year

Risk Analysis

Has a high level of debt

Contact Energy Limited Competitors

Origin Energy

ASX:ORG

AU$18.7b

AGL Energy

ASX:AGL

AU$7.5b

APA Group

ASX:APA

AU$9.3b

Locality Planning Energy Holdings

ASX:LPE

AU$28.7m

Price History & Performance

Summary of all time highs, changes and price drops for Contact Energy
Historical stock prices
Current Share Price	NZ$8.14
52 Week High	NZ$8.90
52 Week Low	NZ$7.03
Beta	0.38
11 Month Change	1.88%
3 Month Change	5.30%
1 Year Change	7.25%
33 Year Change	6.41%
5 Year Change	17.46%
Change since IPO	207.17%

Recent updates

Shareholder Returns

	CEN	AU Electric Utilities	AU Market
7D	3.3%	0.9%	1.5%
1Y	7.2%	19.1%	17.9%

Return vs Industry: CEN underperformed the Australian Electric Utilities industry which returned 19.1% over the past year.

Return vs Market: CEN underperformed the Australian Market which returned 17.9% over the past year.

Price Volatility

Is CEN's price volatile compared to industry and market?
CEN volatility
CEN Average Weekly Movement	7.5%
Electric Utilities Industry Average Movement	3.8%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: CEN has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: CEN's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1995	1,273	Mike Fuge	contact.co.nz

Contact Energy Limited generates and sells electricity and natural gas in New Zealand. It operates in two segments, Wholesale and Retail. The company is involved in selling electricity to the wholesale electricity market, and commercial and industrial customers; and delivering electricity, natural gas, broadband, and other products and services to mass market customers.

Contact Energy Limited Fundamentals Summary

How do Contact Energy's earnings and revenue compare to its market cap?
CEN fundamental statistics
Market cap	AU$6.53b
Earnings (TTM)	AU$213.53m
Revenue (TTM)	AU$2.60b

30.6x

P/E Ratio

2.5x

P/S Ratio

Is CEN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CEN income statement (TTM)
Revenue	NZ$2.86b
Cost of Revenue	NZ$2.18b
Gross Profit	NZ$680.00m
Other Expenses	NZ$445.00m
Earnings	NZ$235.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 16, 2025

Earnings per share (EPS)	0.29
Gross Margin	23.75%
Net Profit Margin	8.21%
Debt/Equity Ratio	71.2%

How did CEN perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

124%

Payout Ratio

CEN Stock Overview

Rewards

Risk Analysis

Contact Energy Limited Competitors

ASX:ORG

AU$18.7b

ASX:AGL

AU$7.5b

ASX:APA

AU$9.3b

ASX:LPE

AU$28.7m

Price History & Performance

Recent News & Updates

Insufficient new directors

Contact Energy Limited (NZSE:CEN) entered into a Scheme Implementation Agreement to acquire to acquire Manawa Energy Limited (NZSE:MNW) from Renew Nominees Limited, Infratil Investments Limited, Infratil Energy New Zealand Limited and Tauranga Energy Consumer Trust and others For NZD 1.8 billion.

Contact Energy Limited (NZSE:CEN) entered into a Scheme Implementation Agreement to acquire to acquire Manawa Energy Limited (NZSE:MNW) from Renew Nominees Limited, Infratil Investments Limited, Infratil Energy New Zealand Limited and Tauranga Energy Consumer Trust and others For NZD 1.8 billion.

Contact Energy Limited, Annual General Meeting, Nov 13, 2024

Contact Energy Limited Announces Dividend for the Six Months Period Ended June 30, 2024, Payable on September 27, 2024

Final dividend of NZ$0.27 announced

Recent updates

Insufficient new directors

Contact Energy Limited (NZSE:CEN) entered into a Scheme Implementation Agreement to acquire to acquire Manawa Energy Limited (NZSE:MNW) from Renew Nominees Limited, Infratil Investments Limited, Infratil Energy New Zealand Limited and Tauranga Energy Consumer Trust and others For NZD 1.8 billion.

Contact Energy Limited (NZSE:CEN) entered into a Scheme Implementation Agreement to acquire to acquire Manawa Energy Limited (NZSE:MNW) from Renew Nominees Limited, Infratil Investments Limited, Infratil Energy New Zealand Limited and Tauranga Energy Consumer Trust and others For NZD 1.8 billion.

Contact Energy Limited, Annual General Meeting, Nov 13, 2024

Contact Energy Limited Announces Dividend for the Six Months Period Ended June 30, 2024, Payable on September 27, 2024

Final dividend of NZ$0.27 announced

Full year 2024 earnings released: EPS: NZ$0.30 (vs NZ$0.16 in FY 2023)

Contact Energy Limited to Report Fiscal Year 2024 Results on Aug 19, 2024

New major risk - Revenue and earnings growth

Contact Energy Limited Announces Distribution for the Six Months Ended December 31, 2023, Payable on March 18, 2024

Contact Energy Limited to Report Q2, 2024 Results on Feb 19, 2024

Contact Energy Limited, Annual General Meeting, Nov 15, 2023

Upcoming dividend of NZ$0.24 per share at 4.2% yield

Full year 2023 earnings released: EPS: NZ$0.16 (vs NZ$0.23 in FY 2022)

Contact Energy Limited to Report Fiscal Year 2023 Results on Aug 14, 2023

Upcoming dividend of NZ$0.16 per share at 4.6% yield

First half 2023 earnings released: NZ$0.009 loss per share (vs NZ$0.17 profit in 1H 2022)

Contact Energy Limited Announces Ordinary Dividend for the Period of Six Months Ended December 31, 2022, Payment Date to Be 30 March, 2023

Contact Energy Limited to Report First Half, 2023 Results on Feb 13, 2023

Contact Energy Limited, Annual General Meeting, Nov 16, 2022

Contact Energy Limited Announces Distribution on CEN - ORDINARY FULLY PAID FOREIGN EXEMPT NZX for the Six Months Ended June 30, 2022, Payable on September 27, 2022

Te Rapa Power Station Closing in June 2023

Contact Energy Limited to Report Fiscal Year 2022 Results on Aug 15, 2022

Upcoming dividend of NZ$0.16 per share

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Contact Energy Limited Announces Dividend for the Six Months of the Fiscal Year Ended December 31, 2021, Payable on March 30, 2022

Insider recently sold AU$227k worth of stock

Chief Financial Officer recently sold AU$313k worth of stock

Insider recently sold AU$962k worth of stock

High number of new directors

High number of new directors

High number of new directors

Independent Non-Executive Director Dame Walsh has left the company

Full year 2021 earnings released: EPS NZ$0.25 (vs NZ$0.17 in FY 2020)

Insider recently sold AU$155k worth of stock

Deputy Chief Executive Officer recently sold AU$251k worth of stock

Independent Non-Executive Director has left the company

Contact Announces Departure of Chief Customer Officer on 1 April 2021

First half 2021 earnings released: EPS NZ$0.11 (vs NZ$0.083 in 1H 2020)

Contact Energy Limited has completed a Follow-on Equity Offering in the amount of NZD 324.999997 million.

New 90-day low: AU$7.01

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

New 90-day high: AU$8.60

Contact Energy Limited to Report First Half, 2021 Results on Feb 15, 2021

New 90-day high: AU$7.86

Rukumoana Schaafhausen Joins the Board of Contact Energy Limited as an Independent Director, Effective March 01, 2021

New 90-day high: AU$7.67

Contact Energy Limited Announces Retirement of Whaimutu Dewes as Independent Director

Contact Energy Limited (NZSE:CEN) agreed to acquire remaining 50.1% stake in Simply Energy Limited from SIMPLY GROUP LIMITED.

Full year earnings released - EPS AU$0.17

Shareholder Returns

Price Volatility

About the Company

Contact Energy Limited Fundamentals Summary

30.6x

2.5x

Earnings & Revenue

Dividends