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Meridian Energy 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 $4.3 billion. If you're looking to buy shares, check out the steps below.
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| 52-week range | $4.27 - $7.5553 |
|---|---|
| 50-day moving average | $4.4868 |
| 200-day moving average | $4.8241 |
| Target price | N/A |
| PE ratio | 28.0128 |
| Dividend yield | $0.169 (3.57%) |
| Earnings per share (TTM) | $0.156 |
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.
Historical closes compared with the last close of A$4.32
| 1 week (2022-01-18) | -2.04% |
|---|---|
| 1 month (2021-12-24) | -4.21% |
| 3 months (2021-10-25) | -10.00% |
| 6 months (2021-07-23) | -14.29% |
| 1 year (2021-01-25) | -44.62% |
|---|---|
| 2 years (2020-01-24) | -14.62% |
| 3 years (2019-01-25) | 28.19% |
| 5 years (2017-01-25) | 63.02% |
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 current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 28x. In other words, Meridian Energy shares trade at around 28x 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.
Meridian Energy 's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 5.0896. 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 (earnings before interest, taxes, depreciation and amortisation) is $874 million (£0.0 million).
The EBITDA is a measure of a Meridian Energy 's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $4.3 billion |
|---|---|
| Operating margin TTM | 13.85% |
| Gross profit TTM | $729 million |
| Return on assets TTM | 3.82% |
| Return on equity TTM | 8.31% |
| Profit margin | 9.96% |
| Book value | 2.039 |
| Market capitalisation | $11.3 billion |
TTM: trailing 12 months
Dividend payout ratio: 99.46% of net profits
Recently Meridian Energy has paid out, on average, around 99.46% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.57% 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 3.57% 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 28 September 2021 (the "ex-dividend date").
Over the last 12 months, Meridian Energy 's shares have ranged in value from as little as $4.27 up to $7.5553. 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 0.7426. This would suggest that Meridian Energy 's shares are less volatile than average (for this exchange).
Meridian Energy Limited engages in the generation, trading, and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. It generates electricity through wind farms, hydro power stations, and solar farms. The company also provides management, insurance, financing, professional, trustee, and software development services; and licenses Flux developed electricity and gas retailing platform, as well as offers solar installation services. It sells electricity under the Meridian Energy and Powershop brands. 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.
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