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 $4.9 billion. If you're looking to buy shares, check out the steps below.
To buy shares listed in Australia such as Meridian Energy , you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose or you can see our list of the best share trading platforms in Australia. Then follow these steps.
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| 52-week range | $4.2335 - $6.0933 |
|---|---|
| 50-day moving average | $5.7094 |
| 200-day moving average | $5.5675 |
| Target price | N/A |
| PE ratio | 34 |
| Dividend yield | $0.21 (3.54%) |
| Earnings per share (TTM) | $0.16 |
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.
Historical closes compared with the last close of A$5.38
| 1 week (2024-09-30) | -1.10% |
|---|---|
| 1 month (2024-09-06) | -4.10% |
| 3 months (2024-07-08) | -8.03% |
| 6 months (2024-04-08) | -2.18% |
| 1 year (2023-10-06) | 13.26% |
|---|---|
| 2 years (2022-10-07) | 26.00% |
| 3 years (2021-10-08) | 14.96% |
| 5 years (2019-10-08) | 7.82% |
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 34x. In other words, Meridian Energy shares trade at around 34x 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 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 (earnings before interest, taxes, depreciation and amortisation) is $975 million (£502 million).
The EBITDA is a measure of a Meridian Energy 's overall financial performance and is widely used to measure stock profitability.
| Revenue TTM | $4.9 billion |
|---|---|
| Operating margin TTM | 13.95% |
| Gross profit TTM | $823 million |
| Return on assets TTM | 3.58% |
| Return on equity TTM | 6.03% |
| Profit margin | 8.83% |
| Book value | 3.186 |
| Market capitalisation | $14.2 billion |
TTM: trailing 12 months
N/ADividend payout ratio: 105.7% of net profits
Recently Meridian Energy has paid out, on average, around 105.7% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.54% 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 3.54% return on their shares, in the form of dividend payments. In Meridian Energy 's case, that would currently equate to about A$0.21 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 3 September 2024 (the "ex-dividend date").
Meridian Energy 's shares were split on a 389:489 basis on 29 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.
Over the last 12 months, Meridian Energy 's shares have ranged in value from as little as $4.2335 up to $6.0933. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Meridian Energy 's is 0.757. 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. The company generates electricity through 7 hydro stations that has a capacity of 2,365 MW; 6 wind farms that has a capacity of 571 MW; and a grid-scale solar array, as well as offers solar installation services. It sells electricity under the Meridian Energy and Powershop brands. It also offers software development, professional, and insurance services. 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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