company background image
MEL

Meridian Energy NZSE:MEL Stock Report

Last Price

NZ$5.29

Market Cap

NZ$13.7b

7D

-1.3%

1Y

21.9%

Updated

28 Jan, 2023

Data

Company Financials +

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.

MEL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends1/6

My Notes

New

Notes are coming soon

Meridian Energy Limited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Meridian Energy
Historical stock prices
Current Share PriceNZ$5.29
52 Week HighNZ$5.38
52 Week LowNZ$4.32
Beta0.66
1 Month Change-1.12%
3 Month Change11.13%
1 Year Change21.89%
3 Year Change-1.03%
5 Year Change84.97%
Change since IPO110.76%

Recent News & Updates

Recent updates

Should You Be Adding Meridian Energy (NZSE:MEL) To Your Watchlist Today?

Jan 11
Should You Be Adding Meridian Energy (NZSE:MEL) To Your Watchlist Today?

Meridian Energy (NZSE:MEL) Is Looking To Continue Growing Its Returns On Capital

Dec 28
Meridian Energy (NZSE:MEL) Is Looking To Continue Growing Its Returns On Capital

Is There An Opportunity With Meridian Energy Limited's (NZSE:MEL) 44% Undervaluation?

Nov 21
Is There An Opportunity With Meridian Energy Limited's (NZSE:MEL) 44% Undervaluation?

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

Nov 09
Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?

Shareholders May Be More Conservative With Meridian Energy Limited's (NZSE:MEL) CEO Compensation For Now

Oct 11
Shareholders May Be More Conservative With Meridian Energy Limited's (NZSE:MEL) CEO Compensation For Now

Meridian Energy (NZSE:MEL) Is Looking To Continue Growing Its Returns On Capital

Sep 19
Meridian Energy (NZSE:MEL) Is Looking To Continue Growing Its Returns On Capital

Does Meridian Energy (NZSE:MEL) Deserve A Spot On Your Watchlist?

Aug 16
Does Meridian Energy (NZSE:MEL) Deserve A Spot On Your Watchlist?

Meridian Energy (NZSE:MEL) Has Some Way To Go To Become A Multi-Bagger

Jun 06
Meridian Energy (NZSE:MEL) Has Some Way To Go To Become A Multi-Bagger

Here's Why I Think Meridian Energy (NZSE:MEL) Might Deserve Your Attention Today

May 10
Here's Why I Think Meridian Energy (NZSE:MEL) Might Deserve Your Attention Today

Are Investors Undervaluing Meridian Energy Limited (NZSE:MEL) By 50%?

Apr 08
Are Investors Undervaluing Meridian Energy Limited (NZSE:MEL) By 50%?

These 4 Measures Indicate That Meridian Energy (NZSE:MEL) Is Using Debt Reasonably Well

Mar 26
These 4 Measures Indicate That Meridian Energy (NZSE:MEL) Is Using Debt Reasonably Well

Meridian Energy (NZSE:MEL) Has Some Way To Go To Become A Multi-Bagger

Mar 02
Meridian Energy (NZSE:MEL) Has Some Way To Go To Become A Multi-Bagger

I Ran A Stock Scan For Earnings Growth And Meridian Energy (NZSE:MEL) Passed With Ease

Jan 15
I Ran A Stock Scan For Earnings Growth And Meridian Energy (NZSE:MEL) Passed With Ease

Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 97% Above Its Share Price

Dec 31
Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 97% Above Its Share Price

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

Dec 18
Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?

Meridian Energy (NZSE:MEL) Is Doing The Right Things To Multiply Its Share Price

Nov 19
Meridian Energy (NZSE:MEL) Is Doing The Right Things To Multiply Its Share Price

Meridian Energy (NZSE:MEL) Could Easily Take On More Debt

Sep 10
Meridian Energy (NZSE:MEL) Could Easily Take On More Debt

With EPS Growth And More, Meridian Energy (NZSE:MEL) Is Interesting

Aug 29
With EPS Growth And More, Meridian Energy (NZSE:MEL) Is Interesting

Meridian Energy's (NZSE:MEL) Returns Have Hit A Wall

Aug 16
Meridian Energy's (NZSE:MEL) Returns Have Hit A Wall

Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 49% Above Its Share Price

May 30
Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 49% Above Its Share Price

The Returns At Meridian Energy (NZSE:MEL) Aren't Growing

May 16
The Returns At Meridian Energy (NZSE:MEL) Aren't Growing

Meridian Energy (NZSE:MEL) Takes On Some Risk With Its Use Of Debt

Apr 06
Meridian Energy (NZSE:MEL) Takes On Some Risk With Its Use Of Debt

Have Insiders Sold Meridian Energy Limited (NZSE:MEL) Shares Recently?

Mar 11
Have Insiders Sold Meridian Energy Limited (NZSE:MEL) Shares Recently?

Earnings Update: Meridian Energy Limited (NZSE:MEL) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts

Feb 26
Earnings Update: Meridian Energy Limited (NZSE:MEL) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts

Shareholders Of Meridian Energy (NZSE:MEL) Must Be Happy With Their 263% Total Return

Feb 10
Shareholders Of Meridian Energy (NZSE:MEL) Must Be Happy With Their 263% Total Return

A Quick Analysis On Meridian Energy's (NZSE:MEL) CEO Salary

Jan 26
A Quick Analysis On Meridian Energy's (NZSE:MEL) CEO Salary

Should You Use Meridian Energy's (NZSE:MEL) Statutory Earnings To Analyse It?

Jan 08
Should You Use Meridian Energy's (NZSE:MEL) Statutory Earnings To Analyse It?

Our Take On The Returns On Capital At Meridian Energy (NZSE:MEL)

Dec 21
Our Take On The Returns On Capital At Meridian Energy (NZSE:MEL)

How Many Meridian Energy Limited (NZSE:MEL) Shares Do Institutions Own?

Dec 06
How Many Meridian Energy Limited (NZSE:MEL) Shares Do Institutions Own?

Meridian Energy Limited's (NZSE:MEL) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Nov 21
Meridian Energy Limited's (NZSE:MEL) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Shareholder Returns

MELNZ Renewable EnergyNZ Market
7D-1.3%-1.3%0.5%
1Y21.9%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

Is MEL's price volatile compared to industry and market?
MEL volatility
MEL Average Weekly Movement3.6%
Renewable Energy Industry Average Movement13.9%
Market Average Movement3.9%
10% most volatile stocks in NZ Market7.3%
10% least volatile stocks in NZ Market2.6%

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

FoundedEmployeesCEOWebsite
1998941Neal Barclayhttps://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

How do Meridian Energy's earnings and revenue compare to its market cap?
MEL fundamental statistics
Market CapNZ$13.65b
Earnings (TTM)NZ$451.00m
Revenue (TTM)NZ$3.70b

30.3x

P/E Ratio

3.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MEL income statement (TTM)
RevenueNZ$3.70b
Cost of RevenueNZ$2.99b
Gross ProfitNZ$709.00m
Other ExpensesNZ$258.00m
EarningsNZ$451.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Mar 01, 2023

Earnings per share (EPS)0.17
Gross Margin19.15%
Net Profit Margin12.18%
Debt/Equity Ratio21.1%

How did MEL perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

99%

Payout Ratio