Mercury NZ (DB:MRY) - Stock Price, News & Analysis

MRY Stock Overview

Engages in the production, trading, and sale of electricity and related activities in New Zealand. More details

MRY fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	4/6
Financial Health	2/6
Dividends	2/6

Rewards

Trading at 59.7% below our estimate of its fair value

Earnings are forecast to grow 5.03% per year

Earnings grew by 158.9% over the past year

Risk Analysis

Dividend of 3.51% is not well covered by earnings or free cash flows

Mercury NZ Limited Competitors

Lechwerke

DB:LEC

€2.5b

EnBW Energie Baden-Württemberg

XTRA:EBK

€17.1b

MVV Energie

XTRA:MVV1

€2.0b

Mainova

DB:MNV6

€1.9b

Price History & Performance

Summary of all time highs, changes and price drops for Mercury NZ
Historical stock prices
Current Share Price	NZ$3.62
52 Week High	NZ$4.10
52 Week Low	NZ$3.22
Beta	0.48
11 Month Change	1.69%
3 Month Change	2.84%
1 Year Change	10.37%
33 Year Change	4.02%
5 Year Change	30.22%
Change since IPO	159.87%

Recent updates

Shareholder Returns

	MRY	DE Electric Utilities	DE Market
7D	-1.1%	1.4%	0.2%
1Y	10.4%	2.3%	8.5%

Return vs Industry: MRY exceeded the German Electric Utilities industry which returned 2.3% over the past year.

Return vs Market: MRY exceeded the German Market which returned 8.5% over the past year.

Price Volatility

Is MRY's price volatile compared to industry and market?
MRY volatility
MRY Average Weekly Movement	6.1%
Electric Utilities Industry Average Movement	3.3%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.3%

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

Volatility Over Time: MRY's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1998	1,493	Stew Hamilton	www.mercury.co.nz

Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity and related activities in New Zealand. The company operates through Generation/Wholesale, Customer, and Other segments. It operates 9 hydro generation stations on the Waikato River; 6 wind plants; and 5 geothermal generation stations in the central North Island.

Mercury NZ Limited Fundamentals Summary

How do Mercury NZ's earnings and revenue compare to its market cap?
MRY fundamental statistics
Market cap	€5.23b
Earnings (TTM)	€162.35m
Revenue (TTM)	€1.92b

33.0x

P/E Ratio

2.8x

P/S Ratio

Is MRY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MRY income statement (TTM)
Revenue	NZ$3.42b
Cost of Revenue	NZ$2.70b
Gross Profit	NZ$720.00m
Other Expenses	NZ$430.00m
Earnings	NZ$290.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.21
Gross Margin	21.03%
Net Profit Margin	8.47%
Debt/Equity Ratio	39.7%

How did MRY perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

112%

Payout Ratio

MRY Stock Overview

Rewards

Risk Analysis

Mercury NZ Limited Competitors

DB:LEC

€2.5b

XTRA:EBK

€17.1b

XTRA:MVV1

€2.0b

DB:MNV6

€1.9b

Price History & Performance

Recent News & Updates

Mercury NZ Limited Announces CEO Changes

Upcoming dividend of NZ$0.16 per share

High number of new directors

Final dividend of NZ$0.16 announced

Mercury NZ Limited Announces Final Dividend and Supplementary Dividend for the Fiscal 2024, Payable on 30 September 2024; Provides Dividend Guidance for the Fiscal Year 2025

Mercury NZ Limited Announces Final Dividend and Supplementary Dividend for the Fiscal 2024, Payable on 30 September 2024; Provides Dividend Guidance for the Fiscal Year 2025

Recent updates

Mercury NZ Limited Announces CEO Changes

Upcoming dividend of NZ$0.16 per share

High number of new directors

Final dividend of NZ$0.16 announced

Mercury NZ Limited Announces Final Dividend and Supplementary Dividend for the Fiscal 2024, Payable on 30 September 2024; Provides Dividend Guidance for the Fiscal Year 2025

Mercury NZ Limited Announces Final Dividend and Supplementary Dividend for the Fiscal 2024, Payable on 30 September 2024; Provides Dividend Guidance for the Fiscal Year 2025

Full year 2024 earnings released: EPS: NZ$0.21 (vs NZ$0.074 in FY 2023)

Mercury NZ Limited, Annual General Meeting, Sep 19, 2024

Mercury NZ Limited to Report Fiscal Year 2024 Results on Aug 20, 2024

Upcoming dividend of NZ$0.11 per share

First half dividend of NZ$0.11 announced

First half 2024 earnings released: EPS: NZ$0.13 (vs NZ$0.17 in 1H 2023)

Mercury NZ Limited Announces Ordinary Fully Paid Foreign Exempt NZX Distribution for the Six Months Ended December 31, 2023, Payable on April 2, 2024

Mercury's CFO William Meek to Step Down in 2025

Mercury NZ Limited to Report First Half, 2024 Results on Feb 20, 2024

Mercury NZ Limited Announces Management Changes

Mercury NZ Limited Announces the Retirement of Patrick Strange as a Director

Upcoming dividend of NZ$0.15 per share at 3.8% yield

Mercury Nz Limited Announces Dividend, Payable on September 29, 2023

Full year 2023 earnings released: EPS: NZ$0.074 (vs NZ$0.34 in FY 2022)

Mercury NZ Limited Announces Final Dividend for the Year 2023; Provides Dividend Guidance for the Fiscal Year 2024

Mercury NZ Limited Announces Director Independence

Mercury NZ Limited Announces Board Changes

Mercury NZ Limited, Annual General Meeting, Sep 19, 2023

Mercury NZ Limited to Report Fiscal Year 2023 Results on Aug 21, 2023

New minor risk - Shareholder dilution

Upcoming dividend of NZ$0.10 per share at 3.1% yield

First half 2023 earnings released: EPS: NZ$0.17 (vs NZ$0.31 in 1H 2022)

Julia Jack to Leave as Chief Marketing Officer of Mercury NZ Limited Before the End of April 2023

Mercury NZ Limited Announces Stepdown of Dennis Barnes from Board

Mercury NZ Limited to Report First Half, 2023 Results on Feb 21, 2023

Now 21% undervalued after recent price drop

Mercury NZ Limited Provides Dividend Guidance for the Fiscal Year 2023

Upcoming dividend of NZ$0.14 per share

Mercury NZ Limited Appoints Susan Peterson to Mercury Board

Full year 2022 earnings released: EPS: NZ$0.34 (vs NZ$0.10 in FY 2021)

Mercury Nz Limited Announces Ordinary Dividend for the Period of Six Months Ended June 30, 2022, Payable on September 30, 2022

Mercury NZ Limited Announces Executive Changes

Mercury NZ Limited, Annual General Meeting, Sep 22, 2022

Investor sentiment improved over the past week

Mercury NZ Limited to Report Q4, 2022 Results on Aug 16, 2022

Mercury NZ Limited (NZSE:MCY) completed the acquisition of Retail Business from Trustpower Limited (NZSE:TPW).

Upcoming dividend of NZ$0.094 per share

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Mercury NZ Limited Approves Unfranked Fully Imputed Interim Dividend for the Period of Six Months Ended December 31, 2021, Payable on April 1, 2022

Mercury Nz Limited Provides Production Guidance for the Year 2022

Independent Non-Executive Director Keith Smith has left the company

Independent Non-Executive Director Keith Smith has left the company

Upcoming dividend of NZ$0.12 per share

Full year 2021 earnings released: EPS NZ$0.10 (vs NZ$0.15 in FY 2020)

Powering Australian Renewables completed the acquisition of Tilt Renewables Limited (NZSE:TLT) from Infratil Limited (NZSE:IFT), Mercury NZ Limited (NZSE:MCY) and others.

Mercury NZ Limited (NZSE:MCY) completed the acquisition of New Zealand business of Tilt Renewables Limited (NZSE:TLT).

Mercury NZ Limited (NZSE:MCY) agreed to acquire Retail Business from Trustpower Limited (NZSE:TPW) for approximately NZD 440 million.

General Manager of People & Performance recently sold €227k worth of stock

Chief Executive Officer recently bought €78k worth of stock

Investor sentiment improved over the past week

First half 2021 earnings released: EPS NZ$0.095 (vs NZ$0.061 in 1H 2020)

Revenue beats expectations

Investor sentiment improved over the past week