Meridian Energy (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 | 0/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
MEL Community Fair Values
Create NarrativeSee what 31 others think this stock is worth. Follow their fair value or set your own to get alerts.
Meridian Energy Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$5.66 |
| 52 Week High | NZ$6.89 |
| 52 Week Low | NZ$5.30 |
| Beta | 0.64 |
| 1 Month Change | -0.70% |
| 3 Month Change | 6.19% |
| 1 Year Change | -7.97% |
| 3 Year Change | 23.58% |
| 5 Year Change | 14.57% |
| Change since IPO | 125.50% |
Recent News & Updates
Meridian Energy Limited's (NZSE:MEL) Business Is Yet to Catch Up With Its Share Price
Jun 18
Returns On Capital At Meridian Energy (NZSE:MEL) Paint A Concerning Picture
May 30Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?
Mar 21Recent updates
Meridian Energy Limited's (NZSE:MEL) Business Is Yet to Catch Up With Its Share Price
Jun 18Returns On Capital At Meridian Energy (NZSE:MEL) Paint A Concerning Picture
May 30Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?
Mar 21Solid Earnings Reflect Meridian Energy's (NZSE:MEL) Strength As A Business
Mar 05Are Investors Undervaluing Meridian Energy Limited (NZSE:MEL) By 49%?
Feb 12There's Reason For Concern Over Meridian Energy Limited's (NZSE:MEL) Price
Jan 25
Sustainable Growth On The Horizon From Innovative Energy Solutions
Expansion in wind and solar energy capacity is set to boost revenue growth through increased electricity generation and enhanced portfolio.Capital Allocation Trends At Meridian Energy (NZSE:MEL) Aren't Ideal
Nov 25Analyst 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 12Shareholder Returns
| MEL | NZ Renewable Energy | NZ Market | |
|---|---|---|---|
| 7D | -4.9% | -4.8% | -0.8% |
| 1Y | -8.0% | -8.7% | 6.2% |
Return vs Industry: MEL matched the NZ Renewable Energy industry which returned -8.7% over the past year.
Return vs Market: MEL underperformed the NZ Market which returned 6.2% over the past year.
Price Volatility
| MEL volatility | |
|---|---|
| MEL Average Weekly Movement | 4.1% |
| Renewable Energy Industry Average Movement | 11.8% |
| Market Average Movement | 4.6% |
| 10% most volatile stocks in NZ Market | 8.7% |
| 10% least volatile stocks in NZ Market | 3.1% |
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 (4%) 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$14.80b |
| Earnings (TTM) | NZ$117.00m |
| Revenue (TTM) | NZ$5.00b |
Is MEL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MEL income statement (TTM) | |
|---|---|
| Revenue | NZ$5.00b |
| Cost of Revenue | NZ$4.10b |
| Gross Profit | NZ$899.00m |
| Other Expenses | NZ$782.00m |
| Earnings | NZ$117.00m |
Last Reported Earnings
Dec 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.045 |
| Gross Margin | 17.98% |
| Net Profit Margin | 2.34% |
| Debt/Equity Ratio | 21.1% |
How did MEL perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/23 19:03 |
| End of Day Share Price | 2025/06/23 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/06/30 |
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
Meridian Energy Limited is covered by 13 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 |
|---|---|
| Nevill Gluyas | Credit Suisse |
| Grant Swanepoel | Deutsche Bank |
| Bruce McKay | Edison Investment Research |