15M Stock Overview

Engages in the generation, trading, and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. More details

15M fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	4/6
Financial Health	4/6
Dividends	3/6

Rewards

Earnings are forecast to grow 26.87% per year

Earnings grew by 37.6% over the past year

Risk Analysis

Dividend of 3.76% is not well covered by earnings or free cash flows

Shares are highly illiquid

Community vs My Fair Value

Create Narrative

Select a narrative for quick price alerts from the community, or create your own.

Meridian Energy Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Meridian Energy
Historical stock prices
Current Share Price	NZ$10.87
52 Week High	NZ$11.10
52 Week Low	NZ$10.72
Beta	0.65
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-2.05%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	15M	DE Renewable Energy	DE Market
7D	n/a	1.1%	-0.4%
1Y	n/a	-14.4%	16.4%

Return vs Industry: Insufficient data to determine how 15M performed against the German Renewable Energy industry.

Return vs Market: Insufficient data to determine how 15M performed against the German Market.

Price Volatility

Is 15M's price volatile compared to industry and market?
15M volatility
15M Average Weekly Movement	n/a
Renewable Energy Industry Average Movement	4.5%
Market Average Movement	6.5%
10% most volatile stocks in DE Market	12.7%
10% least volatile stocks in DE Market	3.1%

Stable Share Price: 15M's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine 15M's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1998	936	Neal Barclay	www.meridianenergy.co.nz

Meridian Energy Limited engages in the generation, trading, and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. The company generates electricity through 7 hydro stations that has a capacity of 2,365 MW; 6 wind farms that has a capacity of 571 MW; and a grid-scale solar array, as well as offers solar installation services. It sells electricity under the Meridian Energy and Powershop brands.

Meridian Energy Limited Fundamentals Summary

How do Meridian Energy's earnings and revenue compare to its market cap?
15M fundamental statistics
Market cap	€7.68b
Earnings (TTM)	€61.54m
Revenue (TTM)	€2.63b

124.7x

P/E Ratio

2.9x

P/S Ratio

Is 15M overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
15M income statement (TTM)
Revenue	NZ$5.00b
Cost of Revenue	NZ$4.10b
Gross Profit	NZ$899.00m
Other Expenses	NZ$782.00m
Earnings	NZ$117.00m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.045
Gross Margin	17.98%
Net Profit Margin	2.34%
Debt/Equity Ratio	21.1%

How did 15M perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

466%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/29 08:25
End of Day Share Price	2025/05/29 00:00
Earnings	2024/12/31
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Meridian Energy Limited is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nevill Gluyas	Credit Suisse
Grant Swanepoel	Deutsche Bank
Bruce McKay	Edison Investment Research