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MEL - Meridian Energy Share Price

NZD5.35 -0.2  -3.1%

Last Trade - 5:09am

Sector
Utilities
Size
Large Cap
Market Cap £7.28bn
Enterprise Value £8.13bn
Revenue £1.80bn
Position in Universe 46th / 1908
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -3.91%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -44.5%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 30th Jun 2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
2,403 2,375 2,320 2,762 3,491 3,405 3,729 3,467 +7.2%
+18.6 -31.5 +14.8 -5.9 +72.3 -35.8 +18.4
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the six months ended 31 December 2020, MeridianEnergy Ltd revenues increased 5% to NZ$1.87B. Net incomeincreased 19% to NZ$227M. Revenues reflect NZ Wholesalesegment increase of 7% to NZ$1.3B, NZ Retail segmentincrease of 10% to NZ$807M, New Zealand segment increase of5% to NZ$1.68B, Australia segment increase of 5% toNZ$180M.
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
Other Ratios
Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Latest News & Insights for MEL
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

MEL Dividend Yield Range Unlock MEL Revenue
Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
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EPS
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DPS
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Net Profit
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EPS
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Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2020 /  2021
MEL EPS Forecasts Unlock MEL Revenue
Profile Summary

Meridian Energy Limited is engaged in the business of generation, trading and retailing of electricity, and the sale of complementary products and services. The Company operates through three segments: Wholesale, Retail and International. The Wholesale segment includes activity associated with its New Zealand generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The Retail segment includes activity associated with retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. The International segment includes activity associated with its generation of electricity and sale into the wholesale electricity market; retailing of electricity through the Powershop brand in Australia, and licensing of the Powershop platform in the United Kingdom. The Company supplies electricity to power homes, businesses and farms.

Directors
Last Annual June 30th, 2020
Last Interim December 31st, 2020
Incorporated December 16, 1998
Public Since October 29, 2013
No. of Shareholders: n/a
No. of Employees: 1,017
Sector Utilities
Industry Electric Utilities & IPPs
Index
Exchange New Zealand Stock Exchange
Shares in Issue 2,563,000,000
Free Float (0.0%)
Eligible for
ISAs
SIPPs
MEL Share Price Performance
Share Price
Bid - Ask
Low - High
Spread
Day's Change
Avg Volume
Open - Close
Range (12m)
Beta
Latest News for MEL
Upcoming Events for MEL
Thursday 26th August, 2021 Estimate
Full Year 2021 Meridian Energy Ltd Earnings Release
Frequently Asked Questions for Meridian Energy
What is the Meridian Energy share price?

As of 5:09am, shares in Meridian Energy are trading at NZD5.35, giving the company a market capitalisation of £7.28bn. This share price information is delayed by 15 minutes.

How has the Meridian Energy share price performed this year?

Shares in Meridian Energy are currently trading at NZD5.35 and the price has moved by 23.49% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Meridian Energy price has moved by -7.89% over the past year.

What are the analyst and broker recommendations for Meridian Energy?

Of the analysts with advisory recommendations for Meridian Energy, there are there are currently 0 "buy" , 3 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Meridian Energy is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will Meridian Energy next release its financial results?

Meridian Energy is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-12-31
What is the Meridian Energy dividend yield?

The Meridian Energy dividend yield is 3.06% based on the trailing twelve month period.

Does Meridian Energy pay a dividend?

Last year, Meridian Energy paid a total dividend of 0.17, and it currently has a trailing dividend yield of 3.06%. Looking ahead, Meridian Energy has not announced an ex-dividend date yet.

When does Meridian Energy next pay dividends?

Meridian Energy has yet to annouce their ex-dividend date. The historic dividend yield on Meridian Energy shares is currently 3.06%.

How do I buy Meridian Energy shares?

To buy shares in Meridian Energy you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Meridian Energy?

Shares in Meridian Energy are currently trading at NZD5.35, giving the company a market capitalisation of £7.28bn.

Where are Meridian Energy shares listed? Where are Meridian Energy shares listed?

Here are the trading details for Meridian Energy:

Country of listing: New Zealand
Exchange: NZC
Ticker Symbol: MEL
What kind of share is Meridian Energy?

Based on an overall assessment of its quality, value and momentum, Meridian Energy is currently classified as a Style Neutral. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Meridian Energy share price forecast 2021?

Shares in Meridian Energy are currently priced at NZD5.35. At that level they are trading at 1.2% discount to the analyst consensus target price of 0.00.

Analysts covering Meridian Energy currently have a consensus Earnings Per Share (EPS) forecast of 0.101 for the next financial year.

How can I tell whether the Meridian Energy share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Meridian Energy. Over the past six months, the relative strength of its shares against the market has been -14.93%. At the current price of NZD5.35, shares in Meridian Energy are trading at -5.22% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Meridian Energy PE Ratio?

The Meridian Energy PE ratio based on its reported earnings over the past 12 months is 56.66. The shares are currently trading at NZD5.35.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Meridian Energy?

Meridian Energy's management team is headed by:

Anake Goodall - NID
Peter Wilson - VCH
Neal Barclay - CEO
Mark Cairns - NID
Janice Dawson - NID
Ed McManus - CEX
Mark Verbiest - CHM
Mike Roan - CFO
Tania Jane Palmer - CHO
Nic Kennedy - CEX
Michelle Henderson - NID
Nagaja Tharanginee Sanatkumar - IND
Chris Ewers - GMG
Jason Woolley - GCN
Claire Shaw - GMG
Who are the major shareholders of Meridian Energy?

Here are the top five shareholders of Meridian Energy based on the size of their shareholding:

New Zealand Treasury Government Agency
Percentage owned: 51.04% (1.31bn shares)
iShares Global Clean Energy ETF Mutual Fund
Percentage owned: 2.37% (60.8m shares)
iShares Global Clean Energy UCITS ETF Mutual Fund
Percentage owned: 2.27% (58.1m shares)
BlackRock Institutional Trust Company, N.A. Investment Advisor
Percentage owned: 2.04% (52.2m shares)
Accident Compensation Corporation Insurance Company
Percentage owned: 1.8% (46.2m shares)
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