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 | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 1/6 |
Meridian Energy Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$5.83 |
| 52 Week High | NZ$6.00 |
| 52 Week Low | NZ$4.76 |
| Beta | 0.73 |
| 1 Month Change | 4.95% |
| 3 Month Change | 3.92% |
| 1 Year Change | 11.26% |
| 3 Year Change | 1.39% |
| 5 Year Change | 44.31% |
| Change since IPO | 132.27% |
Recent News & Updates
Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 63% Above Its Share Price
Apr 02
We 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 08Recent updates
Meridian 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 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 06Shareholder Returns
| MEL | NZ Renewable Energy | NZ Market | |
|---|---|---|---|
| 7D | -0.3% | -0.7% | -0.7% |
| 1Y | 11.3% | 10.4% | -4.4% |
Return vs Industry: MEL matched the NZ Renewable Energy industry which returned 10.4% over the past year.
Return vs Market: MEL exceeded the NZ Market which returned -4.4% over the past year.
Price Volatility
| MEL volatility | |
|---|---|
| MEL Average Weekly Movement | 3.4% |
| Renewable Energy Industry Average Movement | 7.8% |
| Market Average Movement | 4.1% |
| 10% most volatile stocks in NZ Market | 7.6% |
| 10% least volatile stocks in NZ Market | 2.3% |
Stable Share Price: MEL has not had significant price volatility in the past 3 months.
Volatility Over Time: MEL's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 932 | 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. 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 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$14.99b |
| Earnings (TTM) | NZ$85.00m |
| Revenue (TTM) | NZ$3.86b |
177.5x
P/E Ratio3.9x
P/S RatioIs MEL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MEL income statement (TTM) | |
|---|---|
| Revenue | NZ$3.86b |
| Cost of Revenue | NZ$3.09b |
| Gross Profit | NZ$772.00m |
| Other Expenses | NZ$687.00m |
| Earnings | NZ$85.00m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.033 |
| Gross Margin | 19.98% |
| Net Profit Margin | 2.20% |
| Debt/Equity Ratio | 23.6% |
How did MEL perform over the long term?
See historical performance and comparison