MEL 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
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
Meridian Energy Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$5.91 |
| 52 Week High | NZ$6.89 |
| 52 Week Low | NZ$5.03 |
| Beta | 0.77 |
| 11 Month Change | -0.59% |
| 3 Month Change | -4.76% |
| 1 Year Change | 16.01% |
| 33 Year Change | 28.09% |
| 5 Year Change | 30.50% |
| Change since IPO | 135.26% |
Recent News & Updates
Analyst Forecasts Just Became More Bearish On Meridian Energy Limited (NZSE:MEL)
Oct 16
Meridian Energy (NZSE:MEL) Has A Pretty Healthy Balance Sheet
Oct 07Recent updates
Analyst Forecasts Just Became More Bearish On Meridian Energy Limited (NZSE:MEL)
Oct 16Meridian Energy (NZSE:MEL) Has A Pretty Healthy Balance Sheet
Oct 07Be Wary Of Meridian Energy (NZSE:MEL) And Its Returns On Capital
Aug 19Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 51% Above Its Share Price
Jul 12Meridian Energy (NZSE:MEL) Takes On Some Risk With Its Use Of Debt
Jun 20The Returns On Capital At Meridian Energy (NZSE:MEL) Don't Inspire Confidence
May 21Some Shareholders Feeling Restless Over Meridian Energy Limited's (NZSE:MEL) P/S Ratio
May 03Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 63% Above Its Share Price
Apr 02We Think Meridian Energy (NZSE:MEL) Is Taking Some Risk With Its Debt
Feb 29Meridian Energy Limited's (NZSE:MEL) Business Is Yet to Catch Up With Its Share Price
Jan 26Returns On Capital Signal Difficult Times Ahead For Meridian Energy (NZSE:MEL)
Jan 08Is Meridian Energy Limited (NZSE:MEL) Trading At A 37% Discount?
Dec 21Is Meridian Energy (NZSE:MEL) Using Too Much Debt?
Nov 04Here's Why Shareholders May Want To Be Cautious With Increasing Meridian Energy Limited's (NZSE:MEL) CEO Pay Packet
Oct 05Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 38% Above Its Share Price
Sep 16With EPS Growth And More, Meridian Energy (NZSE:MEL) Makes An Interesting Case
Aug 18Investors Will Want Meridian Energy's (NZSE:MEL) Growth In ROCE To Persist
Jul 30Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 39% Above Its Share Price
Jun 15Here's Why We Think Meridian Energy (NZSE:MEL) Is Well Worth Watching
May 19There's Been No Shortage Of Growth Recently For Meridian Energy's (NZSE:MEL) Returns On Capital
Apr 19Is Meridian Energy (NZSE:MEL) Using Too Much Debt?
Mar 09An Intrinsic Calculation For Meridian Energy Limited (NZSE:MEL) Suggests It's 29% Undervalued
Feb 24Should You Be Adding Meridian Energy (NZSE:MEL) To Your Watchlist Today?
Jan 11Meridian Energy (NZSE:MEL) Is Looking To Continue Growing Its Returns On Capital
Dec 28Is There An Opportunity With Meridian Energy Limited's (NZSE:MEL) 44% Undervaluation?
Nov 21Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?
Nov 09Shareholders May Be More Conservative With Meridian Energy Limited's (NZSE:MEL) CEO Compensation For Now
Oct 11Meridian Energy (NZSE:MEL) Is Looking To Continue Growing Its Returns On Capital
Sep 19Does Meridian Energy (NZSE:MEL) Deserve A Spot On Your Watchlist?
Aug 16Meridian Energy (NZSE:MEL) Has Some Way To Go To Become A Multi-Bagger
Jun 06Here's Why I Think Meridian Energy (NZSE:MEL) Might Deserve Your Attention Today
May 10Are Investors Undervaluing Meridian Energy Limited (NZSE:MEL) By 50%?
Apr 08These 4 Measures Indicate That Meridian Energy (NZSE:MEL) Is Using Debt Reasonably Well
Mar 26Meridian Energy (NZSE:MEL) Has Some Way To Go To Become A Multi-Bagger
Mar 02I Ran A Stock Scan For Earnings Growth And Meridian Energy (NZSE:MEL) Passed With Ease
Jan 15Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 97% Above Its Share Price
Dec 31Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?
Dec 18Meridian Energy (NZSE:MEL) Is Doing The Right Things To Multiply Its Share Price
Nov 19Meridian Energy (NZSE:MEL) Could Easily Take On More Debt
Sep 10With EPS Growth And More, Meridian Energy (NZSE:MEL) Is Interesting
Aug 29Meridian Energy's (NZSE:MEL) Returns Have Hit A Wall
Aug 16Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 49% Above Its Share Price
May 30The Returns At Meridian Energy (NZSE:MEL) Aren't Growing
May 16Meridian Energy (NZSE:MEL) Takes On Some Risk With Its Use Of Debt
Apr 06Have Insiders Sold Meridian Energy Limited (NZSE:MEL) Shares Recently?
Mar 11Shareholder Returns
| MEL | NZ Renewable Energy | NZ Market | |
|---|---|---|---|
| 7D | 0.08% | 0.4% | 0.1% |
| 1Y | 16.0% | 14.7% | 9.6% |
Return vs Industry: MEL exceeded the NZ Renewable Energy industry which returned 14.7% over the past year.
Return vs Market: MEL exceeded the NZ Market which returned 9.6% over the past year.
Price Volatility
| MEL volatility | |
|---|---|
| MEL Average Weekly Movement | 3.5% |
| Renewable Energy Industry Average Movement | 5.4% |
| Market Average Movement | 4.5% |
| 10% most volatile stocks in NZ Market | 9.3% |
| 10% least volatile stocks in NZ Market | 3.0% |
Stable Share Price: MEL has not had significant price volatility in the past 3 months compared to the NZ market.
Volatility Over Time: MEL's weekly volatility (3%) has been stable 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
| MEL fundamental statistics | |
|---|---|
| Market cap | NZ$15.39b |
| Earnings (TTM) | NZ$429.00m |
| Revenue (TTM) | NZ$4.86b |
35.9x
P/E Ratio3.2x
P/S RatioIs MEL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MEL income statement (TTM) | |
|---|---|
| Revenue | NZ$4.86b |
| Cost of Revenue | NZ$4.10b |
| Gross Profit | NZ$754.00m |
| Other Expenses | NZ$325.00m |
| Earnings | NZ$429.00m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.16 |
| Gross Margin | 15.53% |
| Net Profit Margin | 8.83% |
| Debt/Equity Ratio | 16.3% |
How did MEL perform over the long term?
See historical performance and comparison