Meridian Energy Limited Share Price and Company Fundamentals
Last traded: Yesterday at 4:00 AM
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. As of June 30, 2022, 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 solar farms. The company also provides management, insurance, financing, professional, trustee, and software development services; and licenses Flux developed electricity and gas retailing platform, 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 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
25.79
PB ratio
2.19
Dividend yield
3.23%
Beta
0.63
Market cap
-
Enterprise value
-
Company profile
| Industry / Sector | Utilities—Renewable / Utilities |
|---|---|
| Full time employees | 925 |
| Website | https://www.meridianenergy.co.nz |
| Mailing address | 287-293 Durham Street North Christchurch Central Christchurch 8013 New Zealand |
| Phone / Fax | 64 4 381 1200 / 64 4 381 1201 |
Dividends
Dividend yield
3.23%
Dividend amount
$0.17
Payout ratio
105.87%
5Y Avg. yield
3.60%
Meridian Energy Limited paid $0.17 dividend and the ex-dividend date was 07 Mar 2023.The dividend payout ratio is 105.87%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.MEL dividend payout ratio is more than 90% making it difficult for the company to maintain the dividends and increase it year by year.
MEL's forward dividend amount is $0.21 and the forward dividend yield is 3.99%. 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 Apr 2023, following are the company executives and directors listed on Meridian Energy Limited.
| Name | Title | Age | Total Pay |
|---|---|---|---|
| Mr. Neal Barclay BCA, CA (NZICA) | Chief Exec. Officer | 1.78M | |
| Mr. Mike Roan | CFO and GM of Fin. & Strategy | ||
| Mr. Bharat Ratanpal | Chief Information Officer | ||
| Owen Hackston | Investor Relations Mang. | ||
| Mr. Jason Woolley | Gen. Counsel & Company Sec. | ||
| Rheilli Uluilelata | External Communications Mang. | ||
| Mr. Jason Stein BCA, LLB | Chief People Officer, CEO of Meridian Energy Australia Pty Limited & Powershop Australia Pty Limited | ||
| Ms. Claire Shaw | Gen. Mang. of Corp. Affairs & Sustainability | ||
| Ms. Lisa Hannifin | Chief Customer Officer | ||
| Ms. Nic Kennedy | Chief Exec. Officer of Flux Federation Limited |
Profitability and management effectiveness
Profit margin
20.56%
Operating margin
18.40%
Return on assets
4.20%
Return on equity
9.13%
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 Limited is and its enterprise value is .
The MEL's stocks Beta value is 0.63 making it 37% less volatile compared to NZX 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.
Meridian Energy Limited (NZX:MEL) Frequently Asked Questions
1. What is Meridian Energy Limited's Stock Symbol?
Meridian Energy Limited trades on NZX under the ticker symbol "MEL".
2. What is Meridian Energy Limited's stock price today?
One share of MEL stock can currently be purchased for approximately $5.25.
3. How can I contact Meridian Energy Limited?
Meridian Energy Limited's mailing address is 287-293 Durham Street North Christchurch Central Christchurch 8013 New Zealand. The company can be reached via phone at 64 4 381 1200.
4. What is Meridian Energy Limited's official website?
The official website of Meridian Energy Limited is https://www.meridianenergy.co.nz.