How to buy Mercury NZ (MCY) shares

Learn how to easily invest in Mercury NZ shares.

Mercury NZ Limited
- A$0.07 ( - 1.18%)

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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

  1. 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.
  2. 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.
  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. To spread out your risk, look into dollar-cost averaging, 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 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.

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 2021-10-22.
52-week range$4.7204 - $6.9785
50-day moving average $6.2247
200-day moving average $6.2901
Target priceN/A
PE ratio 59.495
Dividend yield $0.17 (2.87%)
Earnings per share (TTM) $0.099

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.
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
AUD $8 or 0.1%
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
AUD $5
ASX shares, US shares
Australia’s lowest-cost broker for ASX shares and ETFs.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
ThinkMarkets Share Trading
AUD $8
ASX shares
Limited-time offer: Get 10 free ASX trades ($0 brokerage) when you open a share trading account with ThinkMarkets before 31 December 2021(T&Cs apply). $8 flat fee brokerage for CHESS Sponsored ASX stocks (HIN ownership), plus free live stock price data on an easy to use mobile app.
Bell Direct Share Trading
AUD $15
ASX shares, mFunds, ETFs
Finder Exclusive: Get 5 free stock trades and unlimited ETF trades until 31 Dec 2021, when you join Bell Direct. T&Cs apply.
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.
SelfWealth (Basic account)
AUD $9.5
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.
Saxo Capital Markets (Classic account)
AUD $5
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, ETFs
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
CMC Markets Invest
AUD $11 or 0.1%
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.

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. 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

Historical closes compared with the last close of A$5.91

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%
Profit margin 6.9%
Book value 3.073
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".

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

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.

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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