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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 listed in Australian Dollars. Meridian Energy has a market cap (total outstanding shares value) of $19.2 billion.
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52-week range | $3.649 - $9.33 |
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50-day moving average | $7.0478 |
200-day moving average | $5.3689 |
Target price | N/A |
PE ratio | 137.037 |
Dividend yield | $0.16 (2.12%) |
Earnings per share (TTM) | $0.054 |
Standard brokerage - Australian shares
Competitive broker fees on Australian and international shares
Important: Share trading carries risk of capital loss.
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 close of A$7.4 on 2021-01-22
1 week (2021-01-19) | 9.63% |
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1 month (2020-12-24) | 8.82% |
3 months (2020-10-26) | 44.25% |
6 months (2020-07-24) | 69.34% |
1 year (2020-01-24) | 46.25% |
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2 years (2019-01-25) | 119.58% |
3 years (2018-01-25) | 178.20% |
5 years (2016-01-25) | 247.42% |
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 137x. In other words, Meridian Energy shares trade at around 137x 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 "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 43.7192. 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.
Gross profit TTM | $854 million |
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Return on assets TTM | 2.78% |
Return on equity TTM | 3.34% |
Profit margin | 5.17% |
Book value | 1.289 |
Market capitalisation | $19.2 billion |
TTM: trailing 12 months
Dividend payout ratio: 237.92% of net profits
Recently Meridian Energy has paid out, on average, around 237.92% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.12% 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 2.12% return on their shares, in the form of dividend payments. In Meridian Energy 's case, that would currently equate to about A$0.16 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 September 2020 (the "ex-dividend date").
Over the last 12 months, Meridian Energy 's shares have ranged in value from as little as $3.649 up to $9.33. 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 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.
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