Mercury NZ Management
Management criteria checks 1/4
Mercury NZ's CEO is Stew Hamilton, appointed in Sep 2024, has a tenure of 1.83 years. total yearly compensation is NZ$1.63M, comprised of 69.3% salary and 30.7% bonuses, including company stock and options. directly owns 0.001% of the company’s shares, worth NZ$82.83K. The average tenure of the management team and the board of directors is 1.1 years and 2.9 years respectively.
Key information
Stew Hamilton
Chief executive officer
NZ$1.6m
Total compensation
| CEO salary percentage | 69.29% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.0008% |
| Management average tenure | 1.1yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
MCY: Geothermal Expansion And Stable Margins Will Support A Balanced Outlook
Analysts have made a small upward adjustment to their price target for Mercury NZ to NZ$7.14 from NZ$7.12, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. What’s in the News for Mercury NZ Mercury NZ held an Analyst/Investor Day, giving the market a detailed update on its plans and project pipeline.MCY: Geothermal Investment And Margin Improvements Will Support A Steady Forward Outlook
Analysts have nudged their price target for Mercury NZ slightly higher to around NZ$7.12, citing updated assumptions that pair more conservative revenue growth with a modestly stronger profit margin and an essentially unchanged forward P/E multiple. What's in the News Mercury NZ held an Analyst/Investor Day, giving the market a closer look at its plans and assumptions, including updates on growth projects and capital allocation.MCY: Geothermal Expansion And Distribution Will Support A Steady Future Outlook
Analysts have nudged their fair value estimate for Mercury NZ higher, lifting the price target from NZ$6.99 to NZ$7.09. This reflects updated assumptions around discount rates, revenue growth, profit margins and a slightly lower future P/E multiple.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
When you see that almost half of the companies in the Electric Utilities industry in New Zealand have price-to-sales...Mercury NZ Limited (NZSE:MCY) Shares Could Be 46% Below Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, Mercury NZ fair value estimate is NZ$11.93 Current share price...Is Mercury NZ (NZSE:MCY) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Mercury NZ Limited (NZSE:MCY) Investors Are Less Pessimistic Than Expected
When you see that almost half of the companies in the Electric Utilities industry in New Zealand have price-to-sales...Wind, 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
Key Insights The projected fair value for Mercury NZ is NZ$11.60 based on 2 Stage Free Cash Flow to Equity Mercury NZ's...
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.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | n/a | n/a | NZ$88m |
| Sep 30 2025 | n/a | n/a | NZ$45m |
| Jun 30 2025 | NZ$2m | NZ$1m | NZ$1m |
Compensation vs Market: Stew's total compensation ($USD945.01K) is below average for companies of similar size in the NZ market ($USD2.65M).
Compensation vs Earnings: Insufficient data to compare Stew's compensation with company performance.
CEO
Stew Hamilton
Mr. Stewart Allan Hamilton, also known as Stew, serves as Chief Executive Officer of Mercury NZ Limited since September 2024. He served as General Manager Generation at Mercury NZ Limited since 2021. Mr. H...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 1.8yrs | NZ$1.63m | 0.00084% NZ$ 82.8k | |
| Chief Financial Officer | 1.3yrs | no data | 0.0022% NZ$ 214.0k | |
| Head of Business Performance & Investor Relations | no data | no data | no data | |
| Company Secretary & General Counsel | no data | no data | no data | |
| Head of Communications | no data | no data | no data | |
| Chief People Officer | less than a year | no data | no data | |
| Head of Integration | no data | no data | no data | |
| Chief Strategy & Transformation Officer | no data | no data | 0.00051% NZ$ 50.3k | |
| Chief Operating Officer of Generation | 1.3yrs | no data | no data | |
| Chief Sustainability Officer | 1yr | no data | no data | |
| Chief Customer Officer | less than a year | no data | 0.00013% NZ$ 12.8k | |
| Executive GM of Generation Development | no data | no data | no data |
Experienced Management: MCY's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 2.8yrs | NZ$121.75k | 0.0020% NZ$ 195.3k | |
| Independent Non-Executive Chair | 8.8yrs | NZ$221.25k | 0.0035% NZ$ 347.1k | |
| Director | 1.3yrs | NZ$30.13k | 0.00053% NZ$ 52.3k | |
| Independent Director | 2.9yrs | NZ$125.75k | 0.00058% NZ$ 57.2k | |
| Independent Director | 3.8yrs | NZ$143.95k | 0.00070% NZ$ 69.0k | |
| Independent Non-Executive Director | 6.4yrs | NZ$133.25k | 0.0011% NZ$ 112.4k | |
| Director | less than a year | no data | no data |
Experienced Board: MCY's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/14 17:16 |
| End of Day Share Price | 2026/07/14 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 |
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| 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
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Industry and Sector Metrics
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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 |