Meridian Energy (MEL) Stock Overview
Engages in the generation 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 | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
MEL Community Fair Values
Create NarrativeSee what 15 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Meridian Energy Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$5.90 |
| 52 Week High | NZ$6.05 |
| 52 Week Low | NZ$5.30 |
| Beta | 0.46 |
| 1 Month Change | 1.72% |
| 3 Month Change | 10.28% |
| 1 Year Change | 0.85% |
| 3 Year Change | 9.67% |
| 5 Year Change | 10.90% |
| Change since IPO | 135.06% |
Recent News & Updates
Recent updates
Meridian Energy Limited (NZSE:MEL) Shares Could Be 40% Below Their Intrinsic Value Estimate
Key Insights The projected fair value for Meridian Energy is NZ$9.18 based on 2 Stage Free Cash Flow to Equity Meridian...Meridian Energy (NZSE:MEL) Is Making Moderate Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Meridian Energy Limited's (NZSE:MEL) Share Price Could Signal Some Risk
With a median price-to-sales (or "P/S") ratio of close to 3.4x in the Renewable Energy industry in New Zealand, you...Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 60% Above Its Share Price
Key Insights The projected fair value for Meridian Energy is NZ$9.21 based on 2 Stage Free Cash Flow to Equity Current...Meridian Energy Limited's (NZSE:MEL) Business Is Yet to Catch Up With Its Share Price
With a median price-to-sales (or "P/S") ratio of close to 2.8x in the Renewable Energy industry in New Zealand, you...
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.Shareholder Returns
| MEL | NZ Renewable Energy | NZ Market | |
|---|---|---|---|
| 7D | -0.2% | 1.4% | 0.6% |
| 1Y | 0.9% | 1.4% | 3.7% |
Return vs Industry: MEL matched the NZ Renewable Energy industry which returned 1.4% over the past year.
Return vs Market: MEL underperformed the NZ Market which returned 3.7% over the past year.
Price Volatility
| MEL volatility | |
|---|---|
| MEL Average Weekly Movement | 3.4% |
| Renewable Energy Industry Average Movement | 14.1% |
| Market Average Movement | 4.0% |
| 10% most volatile stocks in NZ Market | 8.4% |
| 10% least volatile stocks in NZ Market | 2.8% |
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 | Mike Roan | www.meridianenergy.co.nz |
Meridian Energy Limited engages in the generation 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; 8 wind farms; and 100MW battery energy storage system, as well as grid-scale solar array. It sells electricity under the Meridian Energy and Powershop brands.
Meridian Energy Limited Fundamentals Summary
| MEL fundamental statistics | |
|---|---|
| Market cap | NZ$15.57b |
| Earnings (TTM) | -NZ$104.00m |
| Revenue (TTM) | NZ$4.59b |
Is MEL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MEL income statement (TTM) | |
|---|---|
| Revenue | NZ$4.59b |
| Cost of Revenue | NZ$3.25b |
| Gross Profit | NZ$1.34b |
| Other Expenses | NZ$1.45b |
| Earnings | -NZ$104.00m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.039 |
| Gross Margin | 29.23% |
| Net Profit Margin | -2.27% |
| Debt/Equity Ratio | 20.7% |
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 | 2026/06/11 06:36 |
| End of Day Share Price | 2026/06/11 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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 11 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 |
| Bruce McKay | Edison Investment Research |
| Andrew Harvey-Green | Forsyth Barr Group Ltd. |