MEZ · ASX

Meridian Energy Limited (ASX:MEZ)

AU$5.3

 0.16 (3.113%)
ASX:Live
20/12/2024 04:10:10 PM
Volume Spike HALO Price Momentum HALO Ords GROWTH AUS Engulfing Bullish +2
Consensus Score
/10
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MEZ Overview

MEZ Health Scores

Short Term

Mean Reversion

Neutral

Trend

Neutral

Event

Very Weak

Halo Model

MQV

Very Strong

GARP

Very Strong

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Weak

Earnings

Neutral

Growth

Earnings

Strong

Dividends

Neutral

Quality

Capital Efficiency

Strong

Balance Sheet

Strong

About MEZ

Website

Meridian Energy Limited

Telephone

64.4.381.1200

Address

Level 2 98 Customhouse Quay Wellington 6011

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$13.36B

PE

38.30

EV/EBITDA

18.8

Dividends Overview

DIV Yield

3.4%

Franking

N/A

Ex Dividend Date (est.)

04-Sep-24

Market Data

52 weeks range

Low 4.9 - 6.24

Trade Value (12mth)

AU$69,381.00

1 week

3.21%

1 month

-3.02%

YTD

0.78%

1 year

6.42%

All time high

9.33

Key Fundamentals

EPS 3 yr Growth

-1.30%

EBITDA Margin

15.60%

Operating Cashflow

$617m

Free Cash Flow Return

8.20%

ROIC

5.30%

Interest Coverage

11.10

Quick Ratio

1.00

Other Data

Shares on Issue (Fully Dilluted)

2589m

HALO Sector

Utilities

Next Company Report Date

02-Sep-25

Ex Dividend Date (est.)

04-Sep-24

Next Dividend Pay Date (est.)

20-Sep-24

Reporting Currency

AUD

Short Sell (% of issue)

0.02

MEZ Announcements

Latest Announcements

Date Announcements

20 December 24

Meridian and Nova to partner for Te Rahui solar farm

×

Meridian and Nova to partner for Te Rahui solar farm

16 December 24

Meridian Energy monthly operating report for November 2024

×

Meridian Energy monthly operating report for November 2024

16 December 24

Meridian Interim Results Announcement Date

×

Meridian Interim Results Announcement Date

12 December 24

Neal Barclay steps down in 2025, Mike Roan appointed CE

×

Neal Barclay steps down in 2025, Mike Roan appointed CE

06 December 24

D&O Ongoing Disclosure Notice - multiple

×

D&O Ongoing Disclosure Notice - multiple

02 December 24

D&O Ongoing Disclosure Notice - multiple

×

D&O Ongoing Disclosure Notice - multiple

27 November 24

D&O Ongoing Disclosure Notice

×

D&O Ongoing Disclosure Notice

22 November 24

Capital Change Notice Allotment of Shares

×

Capital Change Notice Allotment of Shares

21 November 24

D&O Ongoing Disclosure Notice - multiple

×

D&O Ongoing Disclosure Notice - multiple

20 November 24

Share Rights Vested

×

Share Rights Vested

19 November 24

Meridian Energy monthly operating report for October 2024

×

Meridian Energy monthly operating report for October 2024

11 November 24

Financial Assistance in connection with Long-Term incentive

×

Financial Assistance in connection with Long-Term incentive

07 November 24

Meridian Completes FY25 LTI Buyback

×

Meridian Completes FY25 LTI Buyback

06 November 24

Capital Change Notice

×

Capital Change Notice

05 November 24

Capital Change Notice

×

Capital Change Notice

04 November 24

Capital Change Notice

×

Capital Change Notice

01 November 24

Meridian Energy Investor Presentation

×

Meridian Energy Investor Presentation

01 November 24

Capital Change Notice

×

Capital Change Notice

25 October 24

Share Buyback in connection with the FY25 LTI Plan

×

Share Buyback in connection with the FY25 LTI Plan

23 October 24

Notification regarding unquoted securities - MEZ

×

Notification regarding unquoted securities - MEZ

21 October 24

Corporate Governance Presentation

×

Corporate Governance Presentation

16 October 24

Issue of Share Rights

×

Issue of Share Rights

16 October 24

Ongoing Disclosure Notice - multiple

×

Ongoing Disclosure Notice - multiple

15 October 24

Meridian Energy monthly operating report for September 2024

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Meridian Energy monthly operating report for September 2024

15 October 24

Meridian Energy Limited Annual Shareholder Meeting

×

Meridian Energy Limited Annual Shareholder Meeting

MEZ Fundamentals

Per Share Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.16 0.03 0.15 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.16 0.03 0.15 Lock Lock Lock
     Growth % Lock Lock Lock Lock 5.6 -79.5 355.2 Lock Lock Lock
     PE X Lock Lock Lock Lock 49.5 39.0 38.3 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 19.9 19.0 18.8 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.18 0.18 0.20 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock -0.01 -0.08 -0.02 Lock Lock Lock
     Growth % Lock Lock Lock Lock 1.7 1.9 10.2 Lock Lock Lock
     Yield % Lock Lock Lock Lock -0.3 -1.6 -0.3 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.19 0.19 0.22 Lock Lock Lock
     Growth % Lock Lock Lock Lock 2.6 0.5 18.6 Lock Lock Lock
     Yield % Lock Lock Lock Lock 3.3 3.3 3.4 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 113 200 145 Lock Lock Lock
BPS $ Lock Lock Lock Lock 1.94 2.13 2.91 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 1.91 2.11 2.88 Lock Lock Lock
     Growth % Lock Lock Lock Lock 2.1 10.5 36.9 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 2,571 2,582 2,588 Lock Lock Lock
Basic m Lock Lock Lock Lock 2,571 2,582 2,588 Lock Lock Lock

Financial Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Income Statement
Sales $m Lock Lock Lock Lock 3,523 2,931 4,469 Lock Lock Lock
     Growth % Lock Lock Lock Lock -4.0 -16.8 52.5 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 109 119 136 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 369 587 501 Lock Lock Lock
     Growth % Lock Lock Lock Lock -22.8 59.1 -14.6 Lock Lock Lock
     Margin % Lock Lock Lock Lock 10.5 20.0 11.2 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 90 80 89 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 551 753 698 Lock Lock Lock
     Growth % Lock Lock Lock Lock -12.1 36.6 -7.4 Lock Lock Lock
     Margin % Lock Lock Lock Lock 15.6 25.7 15.6 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 275 269 309 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 277 484 389 Lock Lock Lock
     Growth % Lock Lock Lock Lock -26.3 75.1 -19.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 7.8 16.5 8.7 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 586 115 550 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 163 28 153 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 422 87 397 Lock Lock Lock
     Growth % Lock Lock Lock Lock 5.9 -79.4 356.5 Lock Lock Lock
     Margin % Lock Lock Lock Lock 12.0 3.0 8.9 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 432 466 617 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 161 301 297 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock 561 -299 -303 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -791 -305 -306 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 300 177 357 Lock Lock Lock
     Growth % Lock Lock Lock Lock -9.2 -41.1 102.2 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.1 0.1 0.1 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 0 0 0 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 328 195 202 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 8,471 9,149 12,357 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 941 963 1,040 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 760 967 1,055 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 3,477 3,638 4,833 Lock Lock Lock
Equity $m Lock Lock Lock Lock 4,994 5,510 7,524 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 5,935 6,473 8,564 Lock Lock Lock
     Growth % Lock Lock Lock Lock -3.6 9.1 32.3 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 5.0 1.0 3.2 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 8.4 1.6 5.3 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 4.4 7.6 5.0 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 7.0 1.4 5.3 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 7.1 7.5 8.2 Lock Lock Lock

Ratios Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Leverage
Interest Cover X Lock Lock Lock Lock 8.2 15.2 11.1 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 1.4 1.3 1.5 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 15.2 17.6 14.0 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 1.4 1.0 1.0 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 1.4 1.0 1.0 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 34.9 30.6 21.0 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 66.2 76.1 67.4 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 8.2 8.4 10.9 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 12.2 117.9 104.2 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 11.5 9.2 11.5 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.4 0.3 0.4 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.4 0.3 0.4 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 16.6 3.9 12.3 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 6.9 1.3 4.4 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 27.8 24.6 27.8 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 5.0 1.0 3.2 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.7 1.7 1.6 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 8.4 1.6 5.3 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock -13.3 -454.6 -44.5 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock -1.1 -7.2 -2.3 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 44.3 43.3 33.5 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 44.3 43.3 33.5 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 54.6 52.6 38.6 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock -10.3 -9.4 -5.2 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

04-Sep-24

DIV Yield

3.4%

Franking Level

N/A

DPSg

18.60%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
Enhanced
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

0.02%

Value ($M)

1

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$5.3.
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$4.90.
The current TTM dividend payout for Meridian Energy Limited (MEZ:ASX) is 3.40.
The last dividend payment of Meridian Energy Limited (MEZ:ASX) is AU$0.16.
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 38.30.
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