How does MNW's PS Ratio compare to its peers?

MNW is expensive based on its Price-To-Sales Ratio (3x) compared to the peer average (2.3x).

How does MNW's PS Ratio compare vs other companies in the Global Electric Utilities Industry?

MNW is expensive based on its Price-To-Sales Ratio (3x) compared to the Global Electric Utilities industry average (1.2x).

What is MNW's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MNW is expensive based on its Price-To-Sales Ratio (3x) compared to the estimated Fair Price-To-Sales Ratio (2.6x).

What is the Fair Price of MNW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MNW (NZ$5.39) is trading below our estimate of [[fair value]] (NZ$10.22)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Manawa Energy (NZSE:MNW) - Stock Price, News & Analysis

MNW Stock Overview

Engages in the ownership and operation of electricity generation facilities in New Zealand. More details

MNW fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	0/6
Financial Health	3/6
Dividends	1/6

Rewards

Trading at 47.3% below our estimate of its fair value

Earnings are forecast to grow 41.49% per year

Risk Analysis

Highly volatile share price over the past 3 months compared to the NZ market

Dividend of 3.53% is not well covered by earnings or free cash flows

Has a high level of debt

Manawa Energy Limited Competitors

Genesis Energy

NZSE:GNE

NZ$2.4b

Contact Energy

NZSE:CEN

NZ$6.9b

Mercury NZ

NZSE:MCY

NZ$9.5b

Vector

NZSE:VCT

NZ$3.8b

Price History & Performance

Summary of all time highs, changes and price drops for Manawa Energy
Historical stock prices
Current Share Price	NZ$5.39
52 Week High	NZ$5.63
52 Week Low	NZ$3.85
Beta	0.40
11 Month Change	-3.23%
3 Month Change	36.46%
1 Year Change	19.78%
33 Year Change	-26.47%
5 Year Change	-23.98%
Change since IPO	9.55%

Manawa Energy Limited (NZSE:MNW) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

Sep 13

Recent updates

Manawa Energy Limited (NZSE:MNW) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

Sep 13

Manawa Energy's (NZSE:MNW) Upcoming Dividend Will Be Larger Than Last Year's

May 22

Here's Why Manawa Energy (NZSE:MNW) Can Manage Its Debt Responsibly

May 21

These 4 Measures Indicate That Manawa Energy (NZSE:MNW) Is Using Debt Extensively

Jul 03

Manawa Energy Limited's (NZSE:MNW) Intrinsic Value Is Potentially 67% Above Its Share Price

Feb 18

We Think Manawa Energy (NZSE:MNW) Is Taking Some Risk With Its Debt

Jan 31

Downgrade: Here's How Analysts See Manawa Energy Limited (NZSE:MNW) Performing In The Near Term

Nov 11

Manawa Energy's (NZSE:MNW) Dividend Will Be Increased To NZ$0.54

May 22

New Forecasts: Here's What Analysts Think The Future Holds For Manawa Energy Limited (NZSE:MNW)

May 17

Trustpower Limited's (NZSE:TPW) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?

Feb 09

Trustpower Limited (NZSE:TPW) Investors Should Think About This Before Buying It For Its Dividend

Jan 26

Did You Participate In Any Of Trustpower's (NZSE:TPW) Respectable 75% Return?

Jan 12

These 4 Measures Indicate That Trustpower (NZSE:TPW) Is Using Debt Reasonably Well

Dec 30

Calculating The Fair Value Of Trustpower Limited (NZSE:TPW)

Dec 17

Are Trustpower's (NZSE:TPW) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Dec 04

Don't Race Out To Buy Trustpower Limited (NZSE:TPW) Just Because It's Going Ex-Dividend

Nov 21

Shareholder Returns

	MNW	NZ Electric Utilities	NZ Market
7D	0.9%	3.5%	0.1%
1Y	19.8%	17.7%	9.6%

Return vs Industry: MNW exceeded the NZ Electric Utilities industry which returned 17.7% over the past year.

Return vs Market: MNW exceeded the NZ Market which returned 9.6% over the past year.

Price Volatility

Is MNW's price volatile compared to industry and market?
MNW volatility
MNW Average Weekly Movement	9.5%
Electric Utilities Industry Average Movement	3.4%
Market Average Movement	4.5%
10% most volatile stocks in NZ Market	9.3%
10% least volatile stocks in NZ Market	3.0%

Stable Share Price: MNW's share price has been volatile over the past 3 months compared to the NZ market.

Volatility Over Time: MNW's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of NZ stocks.

About the Company

Founded	Employees	CEO	Website
1915	215	Clayton Delmarter	www.manawaenergy.co.nz

Manawa Energy Limited engages in the ownership and operation of electricity generation facilities in New Zealand. It is involved in the generation of renewable electricity through hydro power schemes; and wholesale and retail of electricity. The company operates approximately 26 power schemes in New Zealand with a total installed capacity of 510MW.

Manawa Energy Limited Fundamentals Summary

How do Manawa Energy's earnings and revenue compare to its market cap?
MNW fundamental statistics
Market cap	NZ$1.67b
Earnings (TTM)	-NZ$36.17m
Revenue (TTM)	NZ$561.11m

3.0x

P/S Ratio

-46.6x

P/E Ratio

Is MNW overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MNW income statement (TTM)
Revenue	NZ$561.11m
Cost of Revenue	NZ$364.73m
Gross Profit	NZ$196.38m
Other Expenses	NZ$232.55m
Earnings	-NZ$36.17m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.12
Gross Margin	35.00%
Net Profit Margin	-6.45%
Debt/Equity Ratio	41.3%

How did MNW perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

-130%

Payout Ratio

Does MNW pay a reliable dividends?

See MNW dividend history and benchmarks

When do you need to buy MNW by to receive an upcoming dividend?
Manawa Energy dividend dates
Ex Dividend Date	Nov 28 2024
Dividend Pay Date	Dec 06 2024
Days until Ex dividend	6 days
Days until Dividend pay date	14 days

Does MNW pay a reliable dividends?

See MNW dividend history and benchmarks

MNW Stock Overview

Rewards

Risk Analysis

Manawa Energy Limited Competitors

NZSE:GNE

NZ$2.4b

NZSE:CEN

NZ$6.9b

NZSE:MCY

NZ$9.5b

NZSE:VCT

NZ$3.8b

Price History & Performance

Recent News & Updates

First half dividend of NZ$0.047 announced

First half 2025 earnings released: NZ$0.016 loss per share (vs NZ$0.17 profit in 1H 2024)

Manawa Energy Limited to Report First Half, 2025 Results on Nov 08, 2024

Contact Energy Limited (NZSE:CEN) entered into a Scheme Implementation Agreement to acquire to acquire Manawa Energy Limited (NZSE:MNW) from Renew Nominees Limited, Infratil Investments Limited, Infratil Energy New Zealand Limited and Tauranga Energy Consumer Trust and others For NZD 1.8 billion.

Manawa Energy Limited (NZSE:MNW) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

Contact Energy Limited (NZSE:CEN) entered into a Scheme Implementation Agreement to acquire to acquire Manawa Energy Limited (NZSE:MNW) from Renew Nominees Limited, Infratil Investments Limited, Infratil Energy New Zealand Limited and Tauranga Energy Consumer Trust and others For NZD 1.8 billion.

Recent updates

First half dividend of NZ$0.047 announced

First half 2025 earnings released: NZ$0.016 loss per share (vs NZ$0.17 profit in 1H 2024)

Manawa Energy Limited to Report First Half, 2025 Results on Nov 08, 2024

Contact Energy Limited (NZSE:CEN) entered into a Scheme Implementation Agreement to acquire to acquire Manawa Energy Limited (NZSE:MNW) from Renew Nominees Limited, Infratil Investments Limited, Infratil Energy New Zealand Limited and Tauranga Energy Consumer Trust and others For NZD 1.8 billion.

Manawa Energy Limited (NZSE:MNW) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

Contact Energy Limited (NZSE:CEN) entered into a Scheme Implementation Agreement to acquire to acquire Manawa Energy Limited (NZSE:MNW) from Renew Nominees Limited, Infratil Investments Limited, Infratil Energy New Zealand Limited and Tauranga Energy Consumer Trust and others For NZD 1.8 billion.

Contact Energy Limited (NZSE:CEN) entered into a Scheme Implementation Agreement to acquire to acquire Manawa Energy Limited (NZSE:MNW) from Renew Nominees Limited, Infratil Investments Limited, Infratil Energy New Zealand Limited and Tauranga Energy Consumer Trust and others For NZD 1.8 billion.

Contact Energy Limited (NZSE:CEN) entered into a Scheme Implementation Agreement to acquire to acquire Manawa Energy Limited (NZSE:MNW) from Renew Nominees Limited, Infratil Investments Limited, Infratil Energy New Zealand Limited and Tauranga Energy Consumer Trust and others For NZD 1.8 billion.

Investor sentiment improves as stock rises 34%

Consensus EPS estimates fall by 22%, revenue upgraded

Manawa Energy Limited, Annual General Meeting, Sep 17, 2024

Consensus revenue estimates increase by 11%, EPS downgraded

Manawa Energy's (NZSE:MNW) Upcoming Dividend Will Be Larger Than Last Year's

Final dividend of NZ$0.13 announced

Here's Why Manawa Energy (NZSE:MNW) Can Manage Its Debt Responsibly

Full year 2024 earnings released: EPS: NZ$0.075 (vs NZ$0.31 in FY 2023)

Manawa Energy Limited to Report Fiscal Year 2024 Results on May 20, 2024

Manawa Energy Limited Appoints Clayton Delmarter as Chief Executive Officer

Consensus EPS estimates increase by 13%, revenue downgraded

Upcoming dividend of NZ$0.094 per share at 3.5% yield

First half 2024 earnings released: EPS: NZ$0.17 (vs NZ$0.13 in 1H 2023)

New major risk - Revenue and earnings growth

Manawa Energy Limited to Report First Half, 2024 Results on Nov 13, 2023

Manawa Energy Announces CEO Changes

High number of new and inexperienced directors

These 4 Measures Indicate That Manawa Energy (NZSE:MNW) Is Using Debt Extensively

Upcoming dividend of NZ$0.10 per share at 3.3% yield

Consensus EPS estimates fall by 19%, revenue upgraded

Manawa Energy Limited Approves Final Dividend for the Financial Year Ended 31 March 2023, Payable on 16 June 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Manawa Energy Limited, Annual General Meeting, Jul 27, 2023

Manawa Energy Limited's (NZSE:MNW) Intrinsic Value Is Potentially 67% Above Its Share Price

We Think Manawa Energy (NZSE:MNW) Is Taking Some Risk With Its Debt

Insider recently bought NZ$52k worth of stock

Insider recently sold NZ$80k worth of stock

Upcoming dividend of NZ$0.088 per share

Price target decreased to NZ$6.07

Consensus revenue estimates fall by 10%

Downgrade: Here's How Analysts See Manawa Energy Limited (NZSE:MNW) Performing In The Near Term

First half 2023 earnings released: EPS: NZ$0.13 (vs NZ$0.35 in 1H 2022)

Manawa Energy Limited to Report Q2, 2023 Results on Nov 09, 2022

Consensus forecasts updated

Manawa Energy Limited(NZSE:MNW) dropped from S&P Global BMI Index

Insider recently bought NZ$76k worth of stock

Manawa Energy Ordinary Shares to Be Deleted from OTC Equity

Manawa Energy Limited, Annual General Meeting, Aug 12, 2022

Upcoming dividend of NZ$0.54 per share

Manawa Energy's (NZSE:MNW) Dividend Will Be Increased To NZ$0.54

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

New Forecasts: Here's What Analysts Think The Future Holds For Manawa Energy Limited (NZSE:MNW)

Mercury NZ Limited (NZSE:MCY) completed the acquisition of Retail Business from Trustpower Limited (NZSE:TPW).

High number of new directors

Trustpower Limited to Report Fiscal Year 2022 Results on May 16, 2022

Consensus forecasts updated

Consensus forecasts updated

Here's Why Trustpower (NZSE:TPW) Can Manage Its Debt Responsibly

Upcoming dividend of NZ$0.20 per share

High number of new directors

High number of new directors