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 $3.9 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. Then follow these steps.
Our top pick for
Best for day trading
Our top pick for
Education & learning
Our top pick for
Australian stocks
| 52-week range | $4.3345 - $6.24 |
|---|---|
| 50-day moving average | $5.8392 |
| 200-day moving average | $5.2942 |
| Target price | N/A |
| PE ratio | 203.3333 |
| Dividend yield | $0.181 (2.65%) |
| Earnings per share (TTM) | $0.03 |
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$5.88
| 1 week (2024-07-16) | -2.65% |
|---|---|
| 1 month (2024-06-21) | 5.38% |
| 3 months (2024-04-23) | 10.94% |
| 6 months (2024-01-23) | 13.51% |
| 1 year (2023-07-21) | 16.44% |
|---|---|
| 2 years (2022-07-22) | 33.03% |
| 3 years (2021-07-23) | 16.67% |
| 5 years (2019-07-23) | 24.58% |
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 203x. In other words, Meridian Energy shares trade at around 203x 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 2.6288. 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 $450 million (£0.0 million).
The EBITDA is a measure of a Meridian Energy 's overall financial performance and is widely used to measure stock profitability.
| Revenue TTM | $3.9 billion |
|---|---|
| Operating margin TTM | 13.74% |
| Gross profit TTM | $823 million |
| Return on assets TTM | 1.05% |
| Return on equity TTM | 1.43% |
| Profit margin | 2.2% |
| Book value | 2.278 |
| Market capitalisation | $16 billion |
TTM: trailing 12 months
We're not expecting Meridian Energy to pay a dividend over the next 12 months.
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 $4.3345 up to $6.24. 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 0.75. 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 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 Christchurch, New Zealand.
Webull is a broker with zero-commission trading and a suite of tools to help you invest.
Looking for the best performing stocks in Australia? We update this list weekly.
Steps to owning and managing Gol Linhas Aéreas Inteligentes SA shares from Australia.
Consider these benefits and drawbacks before you invest in uranium stocks.
Commodities are things that aren't much different from one another if you were to get them from other sources. Find out how to invest in them.
CommSec Pocket and Raiz Invest both micro-invest into the stock market, so what are the differences and why should you pick one over the other?
Learn what an initial public offering (IPO) is, how an IPO works and the advantages and risks of IPOs.
Here's a guide to your different investment options, the benefits of investing in silver and the possible risks.
Join the world’s largest social trading network and learn from experienced forex traders with eToro Australia.
Find cheap stock brokerage in Australia when buying and selling shares on the ASX and other international exchanges.