MERIDIAN ENERGY LIMITED (MEZ)
Share Price Analysis and Chart

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MEZ

MEZ - MERIDIAN ENERGY LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 1.44
Index:

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.30

24 Sep
2026

-0.230

OPEN

$4.53

-5.08%

HIGH

$4.53

14,996

LOW

$4.30

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FNARENA'S MARKET CONSENSUS FORECASTS
MEZ: 1
Title FY27
Forecast		 FY28
Forecast
EPS (cps) 16.7 xxx
DPS (cps) 19.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 25.7 xxx
Dividend Yield 4.5% xxx
Div Pay Ratio(%) 116.6% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 03/09 - (franking ex-div 13.21c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx4.3
DPS All xxxxxxxxxxxxxxx22.5
Sales/Revenue xxxxxxxxxxxxxxx3,325.8 M
Book Value Per Share xxxxxxxxxxxxxxx308.6
Net Operating Cash Flow xxxxxxxxxxxxxxx699.3 M
Net Profit Margin xxxxxxxxxxxxxxx3.37 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx1.37 %
Return on Invested Capital xxxxxxxxxxxxxxx1.18 %
Return on Assets xxxxxxxxxxxxxxx0.80 %
Return on Equity xxxxxxxxxxxxxxx1.37 %
Return on Total Capital xxxxxxxxxxxxxxx7.11 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx162.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx145 M
Long Term Debt xxxxxxxxxxxxxxx1,526 M
Total Debt xxxxxxxxxxxxxxx1,671 M
Goodwill - Gross xxxxxxxxxxxxxxx53 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx420 M
Price To Book Value xxxxxxxxxxxxxxx1.55

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx223.6 M
Capex % of Sales xxxxxxxxxxxxxxx6.72 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,483 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx148 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx321 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

16/09/2026

1

Outperform

-

-

Meridian Energy delivered its operating statistics for August with derived EBITDAF up 6% and ahead of Macquarie's expectations.

The broker notes the stock is a favourite in the sector, supported by the DCF valuation, and there is a positive bias across most of the key catalysts. Concerns over dividend growth appear to be abating. Outperform rating and NZ$6.70 target.

FORECAST
Macquarie forecasts a full year FY27 dividend of 19.52 cents and EPS of 16.75 cents.
Macquarie forecasts a full year FY28 dividend of 20.11 cents and EPS of 19.10 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

30/08/2026

3

Neutral

-

-

Jarden maintains a Neutral rating for Meridian Energy with its target price increased to NZ$6.34 from NZ$6.29 following an FY26 result that showed EBITDA increasing to NZ$1.05bn.

The broker notes this represents a significant improvement from the prior year's NZ$611m, which was impacted by drought conditions and hedge costs.

Management issued maiden FY27 EBITDAF guidance of NZ$1.04bn to NZ$1.12bn, aligning closely with Jarden's expectations.

The analyst observes that a stronger FY27 earnings outlook offsets the impact of higher ongoing maintenance capital expenditure, which reduces the cash available for dividends.
Access Extra Coverage Research History >

MEZ STOCK CHART

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