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Meridian Energy NZSE:MEL Stock Report

Last Price

NZ$5.66

Market Cap

NZ$14.8b

7D

-4.9%

1Y

-8.0%

Updated

23 Jun, 2025

Data

Company Financials +

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

MEL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance4/6
Financial Health4/6
Dividends3/6

MEL Community Fair Values

Create Narrative

See 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

Summary of share price highs, lows and changes for Meridian Energy
Historical stock prices
Current Share PriceNZ$5.66
52 Week HighNZ$6.89
52 Week LowNZ$5.30
Beta0.64
1 Month Change-0.70%
3 Month Change6.19%
1 Year Change-7.97%
3 Year Change23.58%
5 Year Change14.57%
Change since IPO125.50%

Recent News & Updates

Meridian Energy Limited's (NZSE:MEL) Business Is Yet to Catch Up With Its Share Price

Jun 18
Meridian Energy Limited's (NZSE:MEL) Business Is Yet to Catch Up With Its Share Price

Returns On Capital At Meridian Energy (NZSE:MEL) Paint A Concerning Picture

May 30
Returns On Capital At Meridian Energy (NZSE:MEL) Paint A Concerning Picture

Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?

Mar 21
Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?

Recent updates

Meridian Energy Limited's (NZSE:MEL) Business Is Yet to Catch Up With Its Share Price

Jun 18
Meridian Energy Limited's (NZSE:MEL) Business Is Yet to Catch Up With Its Share Price

Returns On Capital At Meridian Energy (NZSE:MEL) Paint A Concerning Picture

May 30
Returns On Capital At Meridian Energy (NZSE:MEL) Paint A Concerning Picture

Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?

Mar 21
Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?

Solid Earnings Reflect Meridian Energy's (NZSE:MEL) Strength As A Business

Mar 05
Solid Earnings Reflect Meridian Energy's (NZSE:MEL) Strength As A Business

Are Investors Undervaluing Meridian Energy Limited (NZSE:MEL) By 49%?

Feb 12
Are Investors Undervaluing Meridian Energy Limited (NZSE:MEL) By 49%?

There's Reason For Concern Over Meridian Energy Limited's (NZSE:MEL) Price

Jan 25
There's Reason For Concern Over Meridian Energy Limited's (NZSE:MEL) Price
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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 25
Capital Allocation Trends At Meridian Energy (NZSE:MEL) Aren't Ideal

Analyst Forecasts Just Became More Bearish On Meridian Energy Limited (NZSE:MEL)

Oct 16
Analyst Forecasts Just Became More Bearish On Meridian Energy Limited (NZSE:MEL)

Meridian Energy (NZSE:MEL) Has A Pretty Healthy Balance Sheet

Oct 07
Meridian Energy (NZSE:MEL) Has A Pretty Healthy Balance Sheet

Be Wary Of Meridian Energy (NZSE:MEL) And Its Returns On Capital

Aug 19
Be Wary Of Meridian Energy (NZSE:MEL) And Its Returns On Capital

Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 51% Above Its Share Price

Jul 12
Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 51% Above Its Share Price

Shareholder Returns

MELNZ Renewable EnergyNZ 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

Is MEL's price volatile compared to industry and market?
MEL volatility
MEL Average Weekly Movement4.1%
Renewable Energy Industry Average Movement11.8%
Market Average Movement4.6%
10% most volatile stocks in NZ Market8.7%
10% least volatile stocks in NZ Market3.1%

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

FoundedEmployeesCEOWebsite
1998936Neal Barclaywww.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

How do Meridian Energy's earnings and revenue compare to its market cap?
MEL fundamental statistics
Market capNZ$14.80b
Earnings (TTM)NZ$117.00m
Revenue (TTM)NZ$5.00b
126.5x
P/E Ratio
3.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MEL income statement (TTM)
RevenueNZ$5.00b
Cost of RevenueNZ$4.10b
Gross ProfitNZ$899.00m
Other ExpensesNZ$782.00m
EarningsNZ$117.00m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.045
Gross Margin17.98%
Net Profit Margin2.34%
Debt/Equity Ratio21.1%

How did MEL perform over the long term?

See historical performance and comparison

Dividends

3.7%
Current Dividend Yield
466%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/23 19:03
End of Day Share Price 2025/06/23 00:00
Earnings2024/12/31
Annual Earnings2024/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Nevill GluyasCredit Suisse
Grant SwanepoelDeutsche Bank
Bruce McKayEdison Investment Research