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

$5.31

17 Apr
2024

-0.030

OPEN

$5.34

-0.56%

HIGH

$5.34

15,882

LOW

$5.23

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) 10.7 xxx
DPS (cps) 16.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 49.7 xxx
Dividend Yield 3.0% xxx
Div Pay Ratio(%) 150.0% 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: 3.38%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.50

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

29/02/2024

4

Lighten

-

-

Ord Minnett assesses a "solid" 1H for Meridian Energy, especially as dry weather reduced the hydroelectric output and there were positive one-offs in the previous corresponding period.

Wholesale earnings (EBITDA) increased by 28% in the 1H mainly due to higher sales prices, notes the analyst.

While the broker believes Meridian Energy is in "robust financial health", the Lighten rating is kept on overvaluation and the NZ$4.80 target is also unchanged.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 16.11 cents and EPS of 10.74 cents.
Ord Minnett forecasts a full year FY25 dividend of 17.60 cents and EPS of 14.26 cents.

MEZ STOCK CHART