Meridian Energy (MEL.NZ) Stock Price
Meridian Energy Price
Over the last 17 years Meridian Energy grew revenue by 3.0% annually, reaching 3.13 B NZD. Earnings per share have declined at 2.0% per year over the last 17 years. For Meridian Energy, the net margin of 3.4% is down versus 11.9% a few years ago. At today's price the dividend yield works out to roughly 5.11%. The payout ratio is around 416% of earnings. The dividend has grown at 5.2% per year over the past 12 years. The consensus 12-month price target for Meridian Energy is 6.49 NZD, about 21.0% above where the stock trades today. Of 9 analysts, 6 rate the stock a buy — an overall Buy consensus.
Meridian Energy stock price
Meridian Energy business model & stock analysis
Frequently asked questions about Meridian Energy
The business model of Meridian Energy Ltd is focused on generating and selling renewable energy. As New Zealand's largest electricity generator, Meridian Energy operates a diverse portfolio of hydro and wind power stations. The company utilizes natural resources to produce sustainable electricity, contributing to the transition to a low-carbon economy. Meridian Energy primarily supplies electricity to both residential and commercial customers, offering innovative energy solutions to meet their needs. With a strong emphasis on environmental stewardship, Meridian Energy is committed to sustainable practices and plays a vital role in reducing carbon emissions in New Zealand.
Meridian Energy Ltd is primarily active in the energy industry.
Some of the main competitors of Meridian Energy Ltd in the market include Contact Energy Ltd, Genesis Energy Ltd, and Mercury NZ Ltd.
Meridian Energy Ltd is a New Zealand-based company that specializes in renewable energy generation. With a strong history dating back to its establishment in 1998, Meridian has become the largest electricity generator in New Zealand, producing over 30% of the country's electricity. The company's success can be attributed to its focus on harnessing natural resources, such as wind, water, and sun, to generate sustainable and clean energy. Meridian Energy Ltd has consistently demonstrated its commitment to renewable energy and environmental preservation, making it a leading player in the global renewable energy sector.
Meridian Energy Ltd has achieved significant milestones throughout its history. Some notable achievements include becoming New Zealand's largest electricity generator, operating a diverse portfolio of renewable energy assets. The company has successfully developed pioneering wind farms and hydro generation projects, contributing to the country's renewable energy goals. In recent years, Meridian Energy Ltd has expanded its presence internationally and entered into joint ventures to further its growth. The company has consistently demonstrated its commitment to sustainability and was recognized as the world's first company to become certified carbon-neutral in 2005. Meridian Energy Ltd continues to lead the way in the renewable energy sector, delivering sustainable and clean electricity for communities worldwide.
Meridian Energy Ltd is primarily present in New Zealand and Australia. This multinational company operates in the electricity generation and sales industry, focusing on renewable energy sources. With its headquarters in Wellington, New Zealand, Meridian Energy Ltd has a significant presence in various regions across the country. Additionally, the company has expanded its operations into the Australian market, establishing a strong foothold within the renewable energy sector. Meridian Energy Ltd's commitment to sustainability and renewable energy solutions is reflected in its extensive presence in New Zealand and Australia.
Meridian Energy Ltd represents a sustainable and environmentally friendly approach to energy generation. With a strong commitment to renewable energy sources, the company focuses on harnessing the power of wind, water, and sun to produce electricity. Meridian Energy Ltd values sustainability, innovation, and responsible business practices. Their corporate philosophy revolves around reducing carbon emissions and promoting a cleaner energy future. As New Zealand's largest renewable energy company, Meridian Energy Ltd actively contributes to the country's goal of achieving 100% renewable energy generation.
Analysts currently set an average price target of 6.40 NZD for the Meridian Energy stock (median: 6.49 NZD), implying +19.4 % versus the latest price. The consensus is based on 9 analyst ratings.
9 analysts currently rate the Meridian Energy stock: 6 recommend buying, 3 holding and 0 selling.
Converted at the current exchange rate, the Meridian Energy share trades at 2.68 EUR (5.36 NZD).
The Meridian Energy share (MEL.NZ) is listed on 5 stock exchanges, including: ASX (MEZ.AX), Frankfurt (15M1.F), München (15M1.MU).
Meridian Energy Ltd is one of the largest energy utility companies in New Zealand. Its business model is based on producing and selling clean energy from renewable sources. Meridian Energy's portfolio includes hydroelectric power stations and wind farms distributed throughout New Zealand. An important component of Meridian Energy's business model is its diversification in various areas. This includes the production and sale of electricity, renewable energy solutions, and the tourism industry. One example is the Canyon Springs Hydroelectric Power Stations, which provide electricity to 65,000 households and are known for their environmentally friendly technologies. Meridian Energy also produces solar power through innovative solar panels. These products demonstrate the company's specialization in renewable energy and its use of cutting-edge technologies. Meridian Energy also offers customized energy solutions for customers who want environmentally friendly energy. The needs of customers are individually considered, and a solution based on renewable sources is found. This includes a made-to-measure program that also includes a comprehensive energy analysis to help customers save money and energy in the future. Furthermore, Meridian Energy focuses on the tourism industry, with a particular emphasis on the locations where electricity production takes place. Tours are offered where customers can learn about renewable energies and get exclusive insights into the production process. The company also collaborates with various hotels and businesses to provide customers with electricity from renewable sources. The company also offers specialized services tailored to the individual needs of customers. This ranges from a 24/7 hotline to an online portal that helps customers monitor their electricity usage and view their bills online. In summary, Meridian Energy's business model is focused on renewable energy, diversification in various industries, and customized customer solutions. The company has a strong focus on innovation and utilizes cutting-edge technologies. Collaboration with other companies and a clear focus on environmental protection and sustainability are important aspects that distinguish Meridian Energy's business model.
The revenue of Meridian Energy is 3.13 B NZD. This figure is based on current financial data and reflects the company's business performance.
The profit of Meridian Energy is 105.52 M NZD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Meridian Energy is currently 134.54. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Meridian Energy stock.
The price-to-sales ratio (P/S) of Meridian Energy is currently 4.54. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Meridian Energy stock.
The Eulerpool Quality Score for Meridian Energy is 4/10.
The ISIN of Meridian Energy is NZMELE0002S7. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Meridian Energy is A14SF0. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Meridian Energy is MEL.NZ. The ticker symbol is used to trade Meridian Energy shares on the stock exchange.
Meridian Energy stock
All fundamentals and in-depth analysis of Meridian Energy
Our stock analysis for Meridian Energy stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Meridian Energy. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.