Meridian Energy Share Price and Company Fundamentals



Price
$5
Change
-0.100 (-1.961%)
52 week
4.16 - 9.33

Last traded: Today at 12:45 AM

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.

Key Metrics

PE ratio

64.94

PB ratio

2.55

Dividend yield

3.31%

Beta

0.73

Market cap

$12.74B

Enterprise value

$14.73B

Company profile

Primary activitiesElectricity generation and electricity retailing.
Industry / SectorUtilities—Renewable / Utilities
Full time employees1017
Websitehttp://www.meridianenergy.co.nz
Mailing address55 Lady Elizabeth Lane Level 2 Wellington Central Wellington 6011 New Zealand
Phone / Fax64 4 381 1200 / 64 4 381 1201
Share registryCOMPUTERSHARE INVESTOR SERVICES PTY LIMITED

Dividends

More: Meridian Energy Dividend history, yield and payout ratio

Dividend yield

3.31%

Dividend amount

$0.17

Payout ratio

200.91%

5Y Avg. yield

24.90%

Meridian Energy paid $0.17 dividend and the ex-dividend date was 30 Mar 2021.The dividend payout ratio is 200.91%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.MEZ dividend payout ratio is more than 90% making it difficult for the company to maintain the dividends and increase it year by year.

MEZ's forward dividend amount is $0.15 and the forward dividend yield is 3.00%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of May 2021, following are the company executives and directors listed on Meridian Energy.

NameTitleAgeTotal Pay
Mr. Neal Barclay BCA, CA (NZICA)Chief Exec. Officer1.17M
Mr. Mike RoanCFO and GM of Fin. & Strategy
Owen HackstonInvestor Relations Mang.
Mr. Jason Stein LLB, BCAChief Exec. of Meridian Energy Australia & Powershop Australia
Jason WoolleyGen. Counsel & Company Sec.
Ms. Claire ShawGen. Mang. of Corp. Affairs & Sustainability
Ms. Tania Jain PalmerChief People Officer
Ms. Lisa HannifinChief Customer Officer
Ms. Nic KennedyChief Exec. Officer Of Flux Federation

Profitability and management effectiveness

Profit margin

6.07%

Operating margin

13.14%

Return on assets

3.02%

Return on equity

4.10%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Meridian Energy is 12.74B and its enterprise value is 14.73B. The enterprise value to revenue ratio of MEZ is 4.22.

The MEZ's stocks Beta value is 0.73 making it 27% less volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Companies similar to Meridian Energy (MEZ)

Meridian Energy (ASX:MEZ) Frequently Asked Questions

1. What is Meridian Energy's Stock Symbol?

Meridian Energy trades on ASX under the ticker symbol "MEZ".

2. What is Meridian Energy's stock price today?

One share of MEZ stock can currently be purchased for approximately $5.

3. How can I contact Meridian Energy?

Meridian Energy's mailing address is 55 Lady Elizabeth Lane Level 2 Wellington Central Wellington 6011 New Zealand. The company can be reached via phone at 64 4 381 1200.

4. What is Meridian Energy's official website?

The official website of Meridian Energy is http://www.meridianenergy.co.nz.

5. Which share registry manages Meridian Energy's stock?

Meridian Energy's stock is managed by COMPUTERSHARE INVESTOR SERVICES PTY LIMITED.