MERIDIAN ENERGY LIMITED (MEZ)
Share Price Analysis and Chart

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MEZ - MERIDIAN ENERGY LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 1.54
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.90

02 Jul
2024

-0.030

OPEN

$5.96

-0.51%

HIGH

$6.01

56,521

LOW

$5.85

OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . APA . CEN . DBI . DBI . GNP . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
MEZ: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 11.7 xxx
DPS (cps) 17.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 50.7 xxx
Dividend Yield 3.0% xxx
Div Pay Ratio(%) 152.0% 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: 3.74%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.14

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: 29/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx3.4
DPS All xxxxxxxxxxxxxxx18.7
Sales/Revenue xxxxxxxxxxxxxxx2,930.8 M
Book Value Per Share xxxxxxxxxxxxxxx213.3
Net Operating Cash Flow xxxxxxxxxxxxxxx465.7 M
Net Profit Margin xxxxxxxxxxxxxxx2.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx1.66 %
Return on Invested Capital xxxxxxxxxxxxxxx1.40 %
Return on Assets xxxxxxxxxxxxxxx0.98 %
Return on Equity xxxxxxxxxxxxxxx1.66 %
Return on Total Capital xxxxxxxxxxxxxxx7.59 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-210.5 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx200 M
Long Term Debt xxxxxxxxxxxxxxx963 M
Total Debt xxxxxxxxxxxxxxx1,162 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx195 M
Price To Book Value xxxxxxxxxxxxxxx2.42

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx301.0 M
Capex % of Sales xxxxxxxxxxxxxxx10.27 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,343 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx103 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx196 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

-0.5

No. Of Recommendations

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

Ord Minnett

03/06/2024

4

Lighten

-

-

Ord Minnett increases its target for Meridian Energy by 15% to NZ$5.50 after the company signed a 20-year agreement to supply electricity to New Zealand Aluminium Smelters.

The new contract is significantly better than the broker anticipated in terms of price, tenure and flexibility. The latter saves Meridian during periods of low rainfall when generation needs to be curtailed, explains the analyst.

The stock remains overvalued, in Ord Minnett's opinion, and the Lighten rating is kept.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 17.85 cents and EPS of 11.75 cents.
Ord Minnett forecasts a full year FY25 dividend of 19.98 cents and EPS of 16.19 cents.
Access Stockbroker Research History >

MEZ STOCK CHART

FNArena News on MEZ

1
ESG Focus: Decarbonisation, Renewables & Cyber Crime

Apr 03 2024 - ESG Focus
2
FNArena Corporate Results Monitor – 29-02-2024

Feb 29 2024 - Australia
3
ESG Focus: Aust Hydrogen Projects Left Hanging

Apr 26 2023 - ESG Focus
4
ESG Focus: ASX300 Rush To Decarbonise

Oct 21 2022 - ESG Focus
5
ESG Focus: Covid, The Aftermath – Part 3

Nov 05 2020 - ESG Focus

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Nov 15 2023 - ESG Focus
4
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Oct 19 2023 - ESG Focus
5
Book Excerpt: Need To Know About Investing In Infrastructure

Jun 09 2023 - Book Reviews
6
The Prudence Of Infrastructure In A Recession

Jun 09 2023 - International
7
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