How to buy Mercury NZ (MCY) shares
Learn how to easily invest in Mercury NZ shares.
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Mercury NZ Limited is an utilities-renewable business based in Australia. Mercury NZ shares (MCY) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Mercury NZ has a trailing 12-month revenue of around $2 billion. If you're looking to buy shares, check out the steps below.
How to buy shares in Mercury NZ
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Mercury NZ. Find the share by name or ticker symbol: MCY. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Mercury NZ reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Mercury NZ. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Mercury NZ key stats
- Compare share trading platforms
- Is Mercury NZ stock a buy or sell?
- Mercury NZ performance over time
- Are Mercury NZ shares over-valued?
- Mercury NZ's financials
- How volatile are Mercury NZ shares?
- Does Mercury NZ pay a dividend?
- Have Mercury NZ shares ever split?
- Other common questions
Mercury NZ stock price (ASX:MCY)Use our graph to track the performance of MCY stocks over time.
Mercury NZ shares at a glance
|52-week range||$4.7204 - $6.9785|
|50-day moving average||$6.2247|
|200-day moving average||$6.2901|
|Dividend yield||$0.17 (2.87%)|
|Earnings per share (TTM)||$0.099|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Mercury NZ stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Mercury NZ price performance over time
|1 week (2021-10-19)||0.85%|
|1 month (2021-09-27)||-2.31%|
|3 months (2021-07-27)||-6.64%|
|6 months (2021-04-27)||-11.13%|
|1 year (2020-10-26)||16.34%|
|2 years (2019-10-25)||25.21%|
|3 years (2018-10-26)||95.70%|
|5 years (2016-10-26)||114.13%|
Is Mercury NZ under- or over-valued?
Valuing Mercury NZ stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Mercury NZ's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Mercury NZ's P/E ratio
Mercury NZ's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 59x. In other words, Mercury NZ shares trade at around 59x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Mercury NZ's PEG ratio
Mercury NZ's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 11.3722. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Mercury NZ's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Mercury NZ's EBITDA
Mercury NZ's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $442 million (£0.0 million).
The EBITDA is a measure of a Mercury NZ's overall financial performance and is widely used to measure a its profitability.
Mercury NZ financials
|Revenue TTM||$2 billion|
|Operating margin TTM||11.83%|
|Gross profit TTM||$463 million|
|Return on assets TTM||2.04%|
|Return on equity TTM||3.56%|
|Market capitalisation||$8 billion|
TTM: trailing 12 months
Mercury NZ share dividends
Dividend payout ratio: 156.53% of net profits
Recently Mercury NZ has paid out, on average, around 156.53% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.74% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Mercury NZ shareholders could enjoy a 2.74% return on their shares, in the form of dividend payments. In Mercury NZ's case, that would currently equate to about A$0.17 per share.
Mercury NZ's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 13 September 2021 (the "ex-dividend date").
Have Mercury NZ's shares ever split?
Mercury NZ's shares were split on a 26:25 basis on 11 May 2015. So if you had owned 25 shares the day before before the split, the next day you'd have owned 26 shares. This wouldn't directly have changed the overall worth of your Mercury NZ shares – just the quantity. However, indirectly, the new 3.8% lower share price could have impacted the market appetite for Mercury NZ shares which in turn could have impacted Mercury NZ's share price.
Mercury NZ share price volatility
Over the last 12 months, Mercury NZ's shares have ranged in value from as little as $4.7204 up to $6.9785. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Mercury NZ's is 0.5442. This would suggest that Mercury NZ's shares are less volatile than average (for this exchange).
Mercury NZ overview
Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity and related activities in New Zealand. The company operates through Generation/Wholesale, Retail, and Other segments. It operates 9 hydro generation stations on the Waikato River; and 5 geothermal generation stations in the central North Island. The company sells electricity to residential, commercial, industrial, and spot market customers under the GLOBUG, Bosco, and Mercury brands. It also provides piped natural gas. The company was formerly known as Mighty River Power Limited and changed its name to Mercury NZ Limited in July 2016. Mercury NZ Limited was incorporated in 1998 and is based in Auckland, New Zealand.
Mercury NZ in the news
A Look At The Fair Value Of Mercury NZ Limited (NZSE:MCY)
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