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How to buy Mercury NZ (MCY) shares

Learn how to easily invest in Mercury NZ shares.

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Mercury NZ 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

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. 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.
  4. 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. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  5. 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.
  6. Check on your investment. Congratulations, you own a part of Mercury NZ. Optimise your portfolio by tracking how your stock and 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 affect your stock.

Mercury NZ stock price (ASX:MCY)

Use our graph to track the performance of MCY stocks over time.

Mercury NZ shares at a glance

Information last updated 2022-06-27.
52-week range$4.7 - $6.6883
50-day moving average $5.2202
200-day moving average $5.6026
Target priceN/A
PE ratio 17.9795
Dividend yield $0.182 (2.89%)
Earnings per share (TTM) $0.292

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
1 - 10 of 10
Name Product Standard brokerage fee Inactivity fee Markets
ThinkMarkets Share Trading
ASX shares
Exclusive: Sign up through Finder and get 3 months of free trading up to 50 trades. Offer available to new customers only.
Following your first three months, enjoy $8 flat fee CHESS sponsored brokerage as well as free live stock data all from the convenience of an easy-to-use mobile app
IG Share Trading
$2.50 for July + August ($5-$8 standard fee applies thereafter)
ASX shares, US shares, UK shares, ETFs, and more
For the months of July and August, trade Aussie shares from $2.50 and international shares from $0. T&Cs apply.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Tiger Brokers
Tiger Brokers
ASX shares, Global shares, Options trading, US shares, ETFs
Exclusive to Finder: Sign up to Tiger through Finder and on completion of your first deposit of any amount or transfer of shares receive 4 extra free grab shares. T&Cs apply.
Get started with $0 brokerage on ASX and US stocks for the first 3 months upon completion of your first qualifying deposit. Also receive a free Apple share if you deposit $3,000 or more.
SelfWealth (Basic account)
ASX shares, US shares
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
CMC Markets Invest
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 35,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges. Plus, buy Aussie shares for $0 brokerage up to $1,000. (Limited to one buy order per stock per trading day).
Bendigo Invest Direct
ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants
Gain access to 12 markets from one account with Bendigo.
Invest in Australian shares and access major international markets through a trusted local brand. Plus, fine tune your investment knowledge with Bendigo’s advanced research and analysis tools.
GO Markets Share Trading
ASX shares, Forex, CFDs, ETFs
Zero brokerage on your first 20 trades
Trade 2,500 ASX listed shares from desktop or mobile and enjoy $0 brokerage on your first 20 trades, $7.70 trades after.
Saxo Capital Markets (Classic account)
ASX shares, Global shares, ETFs
Access 22,000+ stocks on 50+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
Bell Direct Share Trading
ASX shares, mFunds, ETFs
Invest in Australian shares, options and managed funds from the one account with no inactivity fee.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
Superhero share trading
ASX shares, US shares, ETFs
Sign up & fund your account with A$100 or more and receive US$10 of Tesla stocks on Superhero. T&Cs apply.
Enjoy $0 brokerage on US stocks and buying ETFs as well as a flat $5 fee to trade Australian shares.

Compare up to 4 providers

Is it a good time to buy Mercury NZ stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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

Historical closes compared with the last close of A$5.21

1 week (2022-06-24) 3.78%
1 month (2022-06-03) 5.21
3 months (2022-04-04) -12.73%
6 months (2022-01-04) -9.86%
1 year (2021-07-02) -19.60%
2 years (2020-07-03) 15.78%
3 years (2019-07-04) 20.88%
5 years (2017-07-03) 64.35%

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 18x. In other words, Mercury NZ shares trade at around 18x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-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 $394 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 8.21%
Gross profit TTM $463 million
Return on assets TTM 1.33%
Return on equity TTM 10.56%
Profit margin 22.19%
Book value 3.38
Market capitalisation $7.2 billion

TTM: trailing 12 months

Mercury NZ share dividends


Dividend payout ratio: 53.33% of net profits

Recently Mercury NZ has paid out, on average, around 53.33% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.89% 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 2.89% return on their shares, in the form of dividend payments. In Mercury NZ's case, that would currently equate to about A$0.182 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 15 March 2022 (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 the split, the next day you would own 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 $4.7 up to $6.6883. A popular way to gauge a stock's volatility is its "beta".

MCY.AU volatility(beta: 0.54)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Mercury NZ's is 0.5387. 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.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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