Meridian Energy Limited

NZSE:MEL Stock Report

Market Cap: NZ$15.3b

Meridian Energy Management

Management criteria checks 3/4

Meridian Energy's CEO is Neal Barclay, appointed in Jan 2018, has a tenure of 6.92 years. total yearly compensation is NZ$3.25M, comprised of 42.4% salary and 57.6% bonuses, including company stock and options. directly owns 0.023% of the company’s shares, worth NZ$3.58M. The average tenure of the management team and the board of directors is 5.1 years and 4.1 years respectively.

Key information

Neal Barclay

Chief executive officer

NZ$3.2m

Total compensation

CEO salary percentage42.4%
CEO tenure6.9yrs
CEO ownership0.02%
Management average tenure5.1yrs
Board average tenure4.1yrs

Recent management updates

Recent updates

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

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

Jun 20
Meridian Energy (NZSE:MEL) Takes On Some Risk With Its Use Of Debt

The Returns On Capital At Meridian Energy (NZSE:MEL) Don't Inspire Confidence

May 21
The Returns On Capital At Meridian Energy (NZSE:MEL) Don't Inspire Confidence

Some Shareholders Feeling Restless Over Meridian Energy Limited's (NZSE:MEL) P/S Ratio

May 03
Some Shareholders Feeling Restless Over Meridian Energy Limited's (NZSE:MEL) P/S Ratio

Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 63% Above Its Share Price

Apr 02
Meridian Energy Limited's (NZSE:MEL) Intrinsic Value Is Potentially 63% Above Its Share Price

We Think Meridian Energy (NZSE:MEL) Is Taking Some Risk With Its Debt

Feb 29
We Think Meridian Energy (NZSE:MEL) Is Taking Some Risk With Its Debt

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

Jan 26
Meridian Energy Limited's (NZSE:MEL) Business Is Yet to Catch Up With Its Share Price

Returns On Capital Signal Difficult Times Ahead For Meridian Energy (NZSE:MEL)

Jan 08
Returns On Capital Signal Difficult Times Ahead For Meridian Energy (NZSE:MEL)

CEO Compensation Analysis

How has Neal Barclay's remuneration changed compared to Meridian Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024NZ$3mNZ$1m

NZ$429m

Mar 31 2024n/an/a

NZ$257m

Dec 31 2023n/an/a

NZ$85m

Sep 30 2023n/an/a

NZ$90m

Jun 30 2023NZ$2mNZ$1m

NZ$95m

Mar 31 2023n/an/a

NZ$301m

Dec 31 2022n/an/a

NZ$507m

Sep 30 2022n/an/a

NZ$479m

Jun 30 2022NZ$2mNZ$1m

NZ$451m

Dec 31 2021n/an/a

NZ$333m

Sep 30 2021n/an/a

NZ$374m

Jun 30 2021NZ$2mNZ$1m

NZ$415m

Mar 31 2021n/an/a

NZ$320m

Dec 31 2020n/an/a

NZ$211m

Sep 30 2020n/an/a

NZ$193m

Jun 30 2020NZ$2mNZ$1m

NZ$175m

Mar 31 2020n/an/a

NZ$277m

Dec 31 2019n/an/a

NZ$378m

Sep 30 2019n/an/a

NZ$359m

Jun 30 2019NZ$2mNZ$974k

NZ$339m

Mar 31 2019n/an/a

NZ$292m

Dec 31 2018n/an/a

NZ$244m

Sep 30 2018n/an/a

NZ$223m

Jun 30 2018NZ$1mNZ$475k

NZ$201m

Compensation vs Market: Neal's total compensation ($USD1.84M) is about average for companies of similar size in the NZ market ($USD2.47M).

Compensation vs Earnings: Neal's compensation has increased by more than 20% in the past year.

CEO

Neal Barclay

6.9yrs

Tenure

NZ$3,246,657

Compensation

Mr. Neal Barclay is Independent Director of Chorus Limited from August 26, 2024. He has been Chief Executive Officer of Meridian Energy Limited since January 1, 2018. Mr. Barclay served as General Manager...

Leadership Team

NamePositionTenureCompensationOwnership
Neal Barclay
Chief Executive Officer6.9yrsNZ$3.25m0.023%
NZ$ 3.6m
Mike Roan
CFO and GM of Finance & Strategy5.7yrsno data0.010%
NZ$ 1.6m
Bharat Ratanpal
Chief Information Officer2.8yrsno data0.00075%
NZ$ 114.9k
Owen Hackston
Investor Relations Managerno datano datano data
Jason Woolley
General Counsel & Company Secretary5yrsno datano data
Philip Clark
Head of Communicationsno datano datano data
Jason Stein
Chief People Officer13.9yrsno data0.0031%
NZ$ 481.2k
Claire Shaw
General Manager of Corporate Affairs & Sustainability4.7yrsno data0.00052%
NZ$ 79.7k
Lisa Hannifin
Chief Customer Officer5.1yrsno data0.0019%
NZ$ 285.0k
Rory Blundell
Group Strategy Managerno datano datano data
Grant Telfar
Portfolio Managerno datano datano data

5.1yrs

Average Tenure

Experienced Management: MEL's management team is seasoned and experienced (5.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Graham John Cockroft
Independent Non-Executive Director2.4yrsNZ$141.75k0.0015%
NZ$ 234.5k
Mark Verbiest
Independent Chairman of the Board7.8yrsNZ$222.00k0.0020%
NZ$ 300.4k
Tania Joy Te Simpson
Independent Director3.3yrsNZ$147.25k0.00028%
NZ$ 42.9k
David Carter
Independent Non-Executive Director1.4yrsNZ$123.55k0.00069%
NZ$ 105.7k
Julia Hoare
Independent Director5.3yrsNZ$146.75k0.00033%
NZ$ 50.6k
Michelle Henderson
Independent Director5.2yrsNZ$136.75k0.00028%
NZ$ 42.9k
Nagaja Sanatkumar
Independent Director4.9yrsNZ$144.38k0.00034%
NZ$ 52.1k
Benjamin Bateman
Director1.8yrsno datano data

4.1yrs

Average Tenure

Experienced Board: MEL's board of directors are considered experienced (4.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 10:38
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
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 here.

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 .

Analyst Sources

Meridian Energy Limited is covered by 13 analysts. 5 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