Mercury NZ (MCY) Stock Overview
Engages in the production, trading, and sale of electricity and related activities in New Zealand. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
MCY Community Fair Values
Create NarrativeSee what 28 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Mercury NZ Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$6.79 |
| 52 Week High | NZ$6.96 |
| 52 Week Low | NZ$5.66 |
| Beta | 0.31 |
| 1 Month Change | 9.69% |
| 3 Month Change | 7.27% |
| 1 Year Change | 15.28% |
| 3 Year Change | 5.35% |
| 5 Year Change | -1.31% |
| Change since IPO | 159.16% |
Recent News & Updates
MCY: Geothermal Expansion And Upcoming Distribution Will Support Steady Outlook
Analysts have kept their NZ$6.99 price target for Mercury NZ unchanged. This reflects broadly consistent assumptions for fair value, discount rate, revenue growth, profit margin and future P/E in their latest updates.MCY: Geothermal Expansion And Upcoming Distribution Will Support Steady Outlook
Analysts have kept their NZ$6.99 price target for Mercury NZ unchanged, reflecting steady assumptions for the discount rate, revenue growth, profit margin, and future P/E multiples in their latest review. What's in the News Mercury officially opened the fifth generation unit at its Nga Tamariki Geothermal Station near Taupo, a NZ$220m expansion project first announced in 2023 with construction starting in 2024 (Key Developments).MCY: Slightly Lower Fair Value Will Be Balanced By Upcoming Distribution
Analysts have slightly reduced their 12 month price target for Mercury NZ, with their estimate of fair value moving from NZ$7.02 to NZ$6.99. This revision reflects updated assumptions around revenue growth, profit margins and a modestly higher future P/E multiple.Recent updates
MCY: Geothermal Expansion And Upcoming Distribution Will Support Steady Outlook
Analysts have kept their NZ$6.99 price target for Mercury NZ unchanged. This reflects broadly consistent assumptions for fair value, discount rate, revenue growth, profit margin and future P/E in their latest updates.MCY: Geothermal Expansion And Upcoming Distribution Will Support Steady Outlook
Analysts have kept their NZ$6.99 price target for Mercury NZ unchanged, reflecting steady assumptions for the discount rate, revenue growth, profit margin, and future P/E multiples in their latest review. What's in the News Mercury officially opened the fifth generation unit at its Nga Tamariki Geothermal Station near Taupo, a NZ$220m expansion project first announced in 2023 with construction starting in 2024 (Key Developments).MCY: Slightly Lower Fair Value Will Be Balanced By Upcoming Distribution
Analysts have slightly reduced their 12 month price target for Mercury NZ, with their estimate of fair value moving from NZ$7.02 to NZ$6.99. This revision reflects updated assumptions around revenue growth, profit margins and a modestly higher future P/E multiple.MCY: Higher Assumed Margins And P/E Will Support Stronger Future Upside
Analysts have lifted their price target for Mercury NZ to NZ$7.02 from NZ$6.89, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: revised slightly higher from NZ$6.89 to NZ$7.02.Mercury NZ Limited's (NZSE:MCY) Share Price Could Signal Some Risk
Dec 15
Mercury NZ Limited (NZSE:MCY) Shares Could Be 46% Below Their Intrinsic Value Estimate
Nov 18Is Mercury NZ (NZSE:MCY) Using Too Much Debt?
Oct 03Mercury NZ Limited (NZSE:MCY) Investors Are Less Pessimistic Than Expected
Sep 11Wind, Geothermal And Battery Projects Will Fuel New Zealand Decarbonization
With analysts providing no new reasoning for their valuation, both revenue growth and net profit margin forecasts for Mercury NZ remained stable, resulting in an unchanged consensus price target of NZ$6.89. What's in the News Mercury NZ provided FY26 dividend guidance of 25.0 cps, representing a 4% increase on FY25.Mercury NZ Limited's (NZSE:MCY) Intrinsic Value Is Potentially 87% Above Its Share Price
Jul 31Is Mercury NZ (NZSE:MCY) A Risky Investment?
May 28
Kaiwera Downs 2 And Nga Tamariki Expansions Will Increase Future Renewable Capacity
Integration and renewable projects are expected to enhance operational efficiency and drive future revenue growth for Mercury NZ.Shareholder Returns
| MCY | NZ Electric Utilities | NZ Market | |
|---|---|---|---|
| 7D | 1.0% | -0.8% | 0.02% |
| 1Y | 15.3% | 11.8% | 5.6% |
Return vs Industry: MCY exceeded the NZ Electric Utilities industry which returned 11.8% over the past year.
Return vs Market: MCY exceeded the NZ Market which returned 5.6% over the past year.
Price Volatility
| MCY volatility | |
|---|---|
| MCY Average Weekly Movement | 3.0% |
| Electric Utilities Industry Average Movement | 3.1% |
| Market Average Movement | 3.8% |
| 10% most volatile stocks in NZ Market | 7.9% |
| 10% least volatile stocks in NZ Market | 2.8% |
Stable Share Price: MCY has not had significant price volatility in the past 3 months compared to the NZ market.
Volatility Over Time: MCY's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 1,364 | 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; 5 wind plants; and 5 geothermal generation stations in the central North Island.
Mercury NZ Limited Fundamentals Summary
| MCY fundamental statistics | |
|---|---|
| Market cap | NZ$9.55b |
| Earnings (TTM) | NZ$88.00m |
| Revenue (TTM) | NZ$3.41b |
Is MCY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MCY income statement (TTM) | |
|---|---|
| Revenue | NZ$3.41b |
| Cost of Revenue | NZ$2.59b |
| Gross Profit | NZ$822.00m |
| Other Expenses | NZ$734.00m |
| Earnings | NZ$88.00m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.062 |
| Gross Margin | 24.13% |
| Net Profit Margin | 2.58% |
| Debt/Equity Ratio | 47.3% |
How did MCY perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/01 06:15 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Mercury NZ Limited is covered by 9 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 |
|---|---|
| Grant Swanepoel | Deutsche Bank |
| Andrew Harvey-Green | Forsyth Barr Group Ltd. |
| Mark Wiseman | Goldman Sachs |