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How to buy Meridian Energy (MEZ) shares in Australia

Learn how to easily invest in Meridian Energy shares.

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 $3.2 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in Meridian Energy

  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 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.
  4. 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. 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 Meridian Energy . 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.

Meridian Energy stock price (ASX:MEZ)

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

Meridian Energy shares at a glance

Information last updated 2023-11-27.
52-week range$4.238 - $5.2242
50-day moving average $4.7142
200-day moving average $4.9032
Target priceN/A
PE ratio 141.47
Dividend yield $0.179 (3.33%)
Earnings per share (TTM) $0.03

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Is it a good time to buy Meridian Energy 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.

Meridian Energy price performance over time

Historical closes compared with the last close of A$4.81

1 week (2023-11-23) 1.26%
1 month (2023-10-30) 8.09%
3 months (2023-08-30) -4.18%
6 months (2023-05-30) -4.94%
1 year (2022-11-30) 5.71%
2 years (2021-11-30) 6.42%
3 years (2020-11-30) -21.02%
5 years (2018-11-30) 54.17%

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 141x. In other words, Meridian Energy shares trade at around 141x 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 33.5843. 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 $418 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.

Meridian Energy financials

Revenue TTM $3.2 billion
Gross profit TTM $823 million
Return on assets TTM 0.99%
Return on equity TTM 1.65%
Profit margin 2.95%
Book value 2.318
Market capitalisation $12.4 billion

TTM: trailing 12 months

Meridian Energy share dividends

We're not expecting Meridian Energy to pay a dividend over the next 12 months.

Have Meridian Energy 's shares ever split?

Meridian Energy 's shares were split on a 389:489 basis on 30 April 2015. So if you had owned 489 shares the day before the split, the next day you would own 389 shares. This wouldn't directly have changed the overall worth of your Meridian Energy shares – just the quantity. However, indirectly, the new 25.7% higher share price could have impacted the market appetite for Meridian Energy shares which in turn could have impacted Meridian Energy 's share price.

Meridian Energy share price volatility

Over the last 12 months, Meridian Energy 's shares have ranged in value from as little as $4.238 up to $5.2242. A popular way to gauge a stock's volatility is its "beta".

MEZ.AU volatility(beta: 0.68)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 Meridian Energy 's is 0.681. 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 retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. It generates electricity through 7 hydro stations that has a capacity of 2,353 MW; 5 wind farms that has a capacity of 416 MW; and grid-scale solar array, 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. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.

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