MEL Stock Overview
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.
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 1/6 |
My Notes
NewNotes are coming soon
Meridian Energy Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$5.29 |
| 52 Week High | NZ$5.38 |
| 52 Week Low | NZ$4.32 |
| Beta | 0.66 |
| 1 Month Change | -1.12% |
| 3 Month Change | 11.13% |
| 1 Year Change | 21.89% |
| 3 Year Change | -1.03% |
| 5 Year Change | 84.97% |
| Change since IPO | 110.76% |
Recent News & Updates
Should You Be Adding Meridian Energy (NZSE:MEL) To Your Watchlist Today?
Jan 11
Meridian 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 09Recent updates
Should 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 11Earnings Update: Meridian Energy Limited (NZSE:MEL) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts
Feb 26Shareholders Of Meridian Energy (NZSE:MEL) Must Be Happy With Their 263% Total Return
Feb 10
A Quick Analysis On Meridian Energy's (NZSE:MEL) CEO Salary
Jan 26Should You Use Meridian Energy's (NZSE:MEL) Statutory Earnings To Analyse It?
Jan 08Our Take On The Returns On Capital At Meridian Energy (NZSE:MEL)
Dec 21How Many Meridian Energy Limited (NZSE:MEL) Shares Do Institutions Own?
Dec 06Meridian Energy Limited's (NZSE:MEL) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Nov 21Shareholder Returns
| MEL | NZ Renewable Energy | NZ Market | |
|---|---|---|---|
| 7D | -1.3% | -1.3% | 0.5% |
| 1Y | 21.9% | 15.8% | -4.1% |
Return vs Industry: MEL exceeded the NZ Renewable Energy industry which returned 15.8% over the past year.
Return vs Market: MEL exceeded the NZ Market which returned -4.1% over the past year.
Price Volatility
| MEL volatility | |
|---|---|
| MEL Average Weekly Movement | 3.6% |
| Renewable Energy Industry Average Movement | 13.9% |
| Market Average Movement | 3.9% |
| 10% most volatile stocks in NZ Market | 7.3% |
| 10% least volatile stocks in NZ Market | 2.6% |
Stable Share Price: MEL is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MEL's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 941 | Neal Barclay | https://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. As of June 30, 2022, it generates electricity through 7 hydro stations that has a capacity of 2,353 MW; 5 wind farms that has a capacity of 416 MW; and solar farms. The company also provides management, insurance, financing, professional, trustee, and software development services; and licenses Flux developed electricity and gas retailing platform, as well as offers solar installation services.
Meridian Energy Limited Fundamentals Summary
| MEL fundamental statistics | |
|---|---|
| Market Cap | NZ$13.65b |
| Earnings (TTM) | NZ$451.00m |
| Revenue (TTM) | NZ$3.70b |
30.3x
P/E Ratio3.7x
P/S RatioIs MEL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MEL income statement (TTM) | |
|---|---|
| Revenue | NZ$3.70b |
| Cost of Revenue | NZ$2.99b |
| Gross Profit | NZ$709.00m |
| Other Expenses | NZ$258.00m |
| Earnings | NZ$451.00m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Mar 01, 2023
| Earnings per share (EPS) | 0.17 |
| Gross Margin | 19.15% |
| Net Profit Margin | 12.18% |
| Debt/Equity Ratio | 21.1% |
How did MEL perform over the long term?
See historical performance and comparison