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MEZ · ASX

Meridian Energy Limited (ASX:MEZ)

AU$5.91

 0.02 (0.34%)
ASX:Live
14/06/2024 04:10:19 PM
HALO Price Momentum HALO Ords HALO Momentum HALO Growth HALO Earnings Momentum +3
Consensus Score
/10
Recommend
Target Price
Deviation
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MEZ Overview

MEZ Health Scores

Short Term

Mean Revision

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Neutral

GARP

Neutral

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Weak

Earnings

Very Weak

Growth

Earnings

Very Weak

Dividends

Weak

Quality

Capital Efficiency

Neutral

Balance Sheet

Strong

About MEZ

Telephone

Address

Description

Meridian Energy Ltd. engages in the generation and distribution of electricity from renewable resources. It operates through the following business segments: New Zealand Retail, New Zealand Wholesale, Australia and Other and unallocated. The New Zealand Retail segment includes activity associated with retailing of electricity and complementary products through the Meridian brands. The New Zealand Wholesale segment covers activity associated with Meridian's New Zealand. The Australia segment includes Generation of electricity from Meridian's two wind farms and three hydro power stations, and acquired under power purchase agreements, for sale into the Australian wholesale. The Other and unallocated segment contains operations that are not considered reportable segments, include licensing of the flux developed electricity and gas retailing platform. The company was founded on December 16, 1998 and is headquartered in Wellington, New Zealand.

MEZ Price Chart

Key Stats

Market Cap

AU$15.31B

PE

39.00

EV/EBITDA

19.0

Dividends Overview

DIV Yield

3.3%

Franking

N/A

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 4.38 - 6.24

Trade Value (12mth)

AU$43,225.00

1 week

0.68%

1 month

5.18%

YTD

15.49%

1 year

15.94%

All time high

9.329999923706055

Key Fundamentals

EPS 3 yr Growth

-48.000%

EBITDA Margin

25.70%

Operating Cashflow

$466m

Free Cash Flow Return

7.50%

ROIC

1.40%

Interest Coverage

15.20

Quick Ratio

1.00

Other Data

Shares on Issue (Fully Dilluted)

2584m

HALO Sector

Next Company Report Date

21-Aug-24

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

AUD

Short Sell (% of issue)

0.00

MEZ Announcements

Latest Announcements

Date Announcements

06 June 24

Meridian issues demand response exercise notice to NZAS

×

Meridian issues demand response exercise notice to NZAS

31 May 24

Meridian and NZAS Sign Long Term Contracts

×

Meridian and NZAS Sign Long Term Contracts

29 May 24

Meridian CIO seconded to lead Flux Federation

×

Meridian CIO seconded to lead Flux Federation

22 May 24

D&O Ongoing Disclosure Notice - multiple

×

D&O Ongoing Disclosure Notice - multiple

14 May 24

Meridian Energy monthly operating report for April 2024

×

Meridian Energy monthly operating report for April 2024

09 May 24

Harapaki wind farm now on track for mid-winter completion

×

Harapaki wind farm now on track for mid-winter completion

02 May 24

D&O Ongoing Disclosure Notice - multiple

×

D&O Ongoing Disclosure Notice - multiple

16 April 24

Meridian Energy monthly operating report for March 2024

×

Meridian Energy monthly operating report for March 2024

05 April 24

Flux Federation CEO Resignation

×

Flux Federation CEO Resignation

28 March 24

Ongoing Disclosure Notice - multiple

×

Ongoing Disclosure Notice - multiple

27 March 24

Application for quotation of securities - MEZ

×

Application for quotation of securities - MEZ

27 March 24

Notification regarding unquoted securities - MEZ

×

Notification regarding unquoted securities - MEZ

26 March 24

Capital Change Notice Green Bond Issue

×

Capital Change Notice Green Bond Issue

22 March 24

Update - Dividend/Distribution - MEZ

×

Update - Dividend/Distribution - MEZ

22 March 24

D&O Ongoing Disclosure Notice

×

D&O Ongoing Disclosure Notice

19 March 24

D&O Ongoing Disclosure Notice - multiple

×

D&O Ongoing Disclosure Notice - multiple

19 March 24

Meridian issues demand response cessation notice to NZAS

×

Meridian issues demand response cessation notice to NZAS

15 March 24

Dividend reinvestment plan strike price

×

Dividend reinvestment plan strike price

14 March 24

Meridian Energy monthly operating report for February 2024

×

Meridian Energy monthly operating report for February 2024

14 March 24

Meridian Energy Green Bond offer closes

×

Meridian Energy Green Bond offer closes

14 March 24

Meridian Energy sets interest rate for its Green Bond offer

×

Meridian Energy sets interest rate for its Green Bond offer

14 March 24

Meridian Energy - final terms sheet for Green Bond offer

×

Meridian Energy - final terms sheet for Green Bond offer

14 March 24

D&O Ongoing Disclosure Notice

×

D&O Ongoing Disclosure Notice

11 March 24

Meridian Energy Launches Retail Green Bond Offer

×

Meridian Energy Launches Retail Green Bond Offer

08 March 24

Meridian issues demand response exercise notice to NZAS

×

Meridian issues demand response exercise notice to NZAS

MEZ Fundamentals

Per Share Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.16 0.16 0.03 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.16 0.16 0.03 Lock Lock Lock
     Growth % Lock Lock Lock Lock 139.8 5.6 -79.5 Lock Lock Lock
     PE X Lock Lock Lock Lock 59.9 49.5 39.0 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 20.6 19.9 19.0 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.18 0.18 0.18 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock -0.03 -0.01 -0.08 Lock Lock Lock
     Growth % Lock Lock Lock Lock -17.3 4.0 -0.3 Lock Lock Lock
     Yield % Lock Lock Lock Lock -0.6 -0.3 -1.6 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.18 0.19 0.19 Lock Lock Lock
     Growth % Lock Lock Lock Lock -1.9 2.6 0.5 Lock Lock Lock
     Yield % Lock Lock Lock Lock 3.2 3.3 3.3 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 117 113 200 Lock Lock Lock
BPS $ Lock Lock Lock Lock 1.90 1.94 2.13 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 1.87 1.91 2.11 Lock Lock Lock
     Growth % Lock Lock Lock Lock 2.0 2.1 10.5 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 2,563 2,571 2,582 Lock Lock Lock
Basic m Lock Lock Lock Lock 2,563 2,571 2,582 Lock Lock Lock

Financial Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Income Statement
Sales $m Lock Lock Lock Lock 3,672 3,455 2,931 Lock Lock Lock
     Growth % Lock Lock Lock Lock 14.2 -5.9 -15.2 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 103 111 119 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 478 485 587 Lock Lock Lock
     Growth % Lock Lock Lock Lock -24.5 1.3 21.2 Lock Lock Lock
     Margin % Lock Lock Lock Lock 13.0 14.0 20.0 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 87 86 80 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 627 649 753 Lock Lock Lock
     Growth % Lock Lock Lock Lock -20.9 3.4 16.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 17.1 18.8 25.7 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 252 275 269 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 375 374 484 Lock Lock Lock
     Growth % Lock Lock Lock Lock -24.5 -0.3 29.4 Lock Lock Lock
     Margin % Lock Lock Lock Lock 10.2 10.8 16.5 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 536 586 115 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 150 163 28 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 398 422 87 Lock Lock Lock
     Growth % Lock Lock Lock Lock 139.9 5.9 -79.4 Lock Lock Lock
     Margin % Lock Lock Lock Lock 10.8 12.2 3.0 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 401 432 466 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 106 161 301 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -106 561 -299 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -321 -791 -305 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 330 300 177 Lock Lock Lock
     Growth % Lock Lock Lock Lock -37.9 -9.2 -41.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.1 0.1 0.1 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock N/A N/A 0 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 138 328 195 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 9,173 8,471 9,224 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 1,292 941 963 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 1,512 760 967 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 4,311 3,477 3,714 Lock Lock Lock
Equity $m Lock Lock Lock Lock 4,862 4,994 5,510 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 6,154 5,935 6,473 Lock Lock Lock
     Growth % Lock Lock Lock Lock -2.9 -3.6 9.1 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 4.3 5.0 0.9 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 8.2 8.4 1.6 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 5.8 5.9 7.6 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 6.3 7.0 1.4 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 6.5 7.1 7.5 Lock Lock Lock

Ratios Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Leverage
Interest Cover X Lock Lock Lock Lock 8.4 9.6 15.2 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 2.4 1.2 1.3 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 31.1 15.2 17.6 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 0.8 1.5 1.0 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 0.8 1.5 1.0 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 16.1 33.7 28.4 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 38.8 65.8 70.3 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 7.6 7.9 8.3 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock N/A 10.9 117.9 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 14.6 12.3 11.1 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.4 0.4 0.3 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.4 0.4 0.3 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 14.6 17.0 3.9 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 5.8 6.9 1.2 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 28.0 27.8 24.6 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 4.3 5.0 0.9 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.9 1.7 1.7 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 8.2 8.4 1.6 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock -16.6 -13.3 -454.6 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock -1.4 -1.1 -7.2 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 47.7 46.0 44.2 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 47.7 46.0 44.2 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 61.4 59.1 58.3 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock -13.6 -13.1 -14.1 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

3.3%

Franking Level

N/A

DPSg

0.50%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
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Strategy

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Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

0.00%

Value ($M)

0

Prior Change

N/A

7 Day Change

N/A

1 Month Change

N/A

3 Month Change

N/A

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MEZ Shortsell

Frequently Asked Questions

The current share price of Meridian Energy Limited (MEZ:ASX) is AU$5.91.
The 52-week high share price for Meridian Energy Limited (MEZ:ASX) is AU$6.24.
The 52-week low share price for Meridian Energy Limited (MEZ:ASX)? is AU$4.38.
The current TTM dividend payout for Meridian Energy Limited (MEZ:ASX) is 3.30.
The last dividend payment of Meridian Energy Limited (MEZ:ASX) is AU$0.07.
Meridian Energy Limited (MEZ:ASX) has a franking level of 0.0%.
Meridian Energy Limited (MEZ:ASX) is classified in the Utilities.
The current P/E ratio for Meridian Energy Limited (MEZ:ASX) is 39.00.