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How to buy Meridian Energy shares
Own Meridian Energy shares in just a few minutes.
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Meridian Energy Limited is an utilities-renewable business based in Australia. Meridian Energy shares (MEZ) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Meridian Energy has a trailing 12-month revenue of around $3.5 billion. If you're looking to buy shares, check out the steps below.
How to buy shares in Meridian Energy
- 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 Meridian Energy . Find the share by name or ticker symbol: MEZ. 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 Meridian Energy 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 Meridian Energy . 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.
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What's in this guide?
- Meridian Energy key stats
- Compare share trading platforms
- Is Meridian Energy stock a buy or sell?
- Meridian Energy performance over time
- Are Meridian Energy shares over-valued?
- Meridian Energy 's financials
- How volatile are Meridian Energy shares?
- Does Meridian Energy pay a dividend?
- Other common questions
Meridian Energy share price
Use our graph to track the performance of MEZ stocks over time.Meridian Energy shares at a glance
Information last updated 2021-06-17.
| 52-week range | $4.0249 - $9.2312 |
|---|---|
| 50-day moving average | $4.9728 |
| 200-day moving average | $5.7873 |
| Target price | N/A |
| PE ratio | 64.2857 |
| Dividend yield | $0.169 (3.48%) |
| Earnings per share (TTM) | $0.077 |
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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.
Is it a good time to buy Meridian Energy 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.
Meridian Energy price performance over time
Historical closes compared with the last close of A$5.1
| 1 week (2021-06-10) | 2.82% |
|---|---|
| 1 month (2021-05-18) | 2.00% |
| 3 months (2021-03-17) | -4.67% |
| 6 months (2020-12-17) | -20.81% |
| 1 year (2020-06-17) | 8.74% |
|---|---|
| 2 years (2019-06-17) | 27.18% |
| 3 years (2018-06-15) | 74.06% |
| 5 years (2016-06-17) | 107.32% |
Is Meridian Energy under- or over-valued?
Valuing Meridian Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Meridian Energy 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Meridian Energy 's P/E ratio
Meridian Energy 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 64x. In other words, Meridian Energy shares trade at around 64x 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.
Meridian Energy 's PEG ratio
Meridian Energy 's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 14.5646. 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 Meridian Energy 's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Meridian Energy 's EBITDA
Meridian Energy 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $739 million.
The EBITDA is a measure of a Meridian Energy 's overall financial performance and is widely used to measure a its profitability.
Meridian Energy financials
| Revenue TTM | $3.5 billion |
|---|---|
| Operating margin TTM | 13.14% |
| Gross profit TTM | $854 million |
| Return on assets TTM | 3.02% |
| Return on equity TTM | 4.1% |
| Profit margin | 6.07% |
| Book value | 1.958 |
| Market capitalisation | $12.7 billion |
TTM: trailing 12 months
Meridian Energy share dividends
Dividend payout ratio: 200.91% of net profits
Recently Meridian Energy has paid out, on average, around 200.91% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.09% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Meridian Energy shareholders could enjoy a 3.09% return on their shares, in the form of dividend payments. In Meridian Energy 's case, that would currently equate to about A$0.169 per share.
Meridian Energy '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 29 March 2021 (the "ex-dividend date").
Meridian Energy share price volatility
Over the last 12 months, Meridian Energy 's shares have ranged in value from as little as $4.0249 up to $9.2312. 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 Meridian Energy 's is 0.7236. This would suggest that Meridian Energy 's shares are less volatile than average (for this exchange).
Meridian Energy overview
Meridian Energy Limited engages in the generation, trading, and retail of electricity and gas. The company generates electricity through hydro power stations and wind farms located in New Zealand and Australia; and a solar farm in Tongatapu, Tonga. It sells its electricity to residential, business, and industrial customers under the Meridian and Powershop brands. The company also provides management, insurance, financing, professional, trustee, and software development services, as well as licenses Flux developed electricity and gas retailing platform. In addition, it offers solar installation services. The company was formerly known as Hydro Energy Limited and changed its name to Meridian Energy Limited in March 1999. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, 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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