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Meridian Energy Ltd

Utilities AU MEZ

5.14AUD
0.02(0.39%)

Last update at 2024-12-19T05:11:00Z

Day Range

4.995.17
LowHigh

52 Week Range

4.646.09
LowHigh

Fundamentals

  • Previous Close 5.12
  • Market Cap13688.91M
  • Volume16490
  • P/E Ratio34.00
  • Dividend Yield3.80%
  • EBITDA975.00M
  • Revenue TTM4856.00M
  • Revenue Per Share TTM1.88
  • Gross Profit TTM 823.00M
  • Diluted EPS TTM0.15

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax 126.00M 625.00M 595.00M 239.00M 472.00M
Minority interest - - - - -
Net income 95.00M 451.00M 428.00M 176.00M 339.00M
Selling general administrative 119.00M 100.00M 112.00M 115.00M 102.00M
Selling and marketing expenses - - - - -
Gross profit 804.00M 498.00M 1006.00M 836.00M 3474.00M
Reconciled depreciation 293.00M 292.00M 302.00M 305.00M 276.00M
Ebit 189.00M 698.00M 668.00M 376.00M 557.00M
Ebitda 482.00M 990.00M 970.00M 681.00M 833.00M
Depreciation and amortization 293.00M 292.00M 302.00M 305.00M 276.00M
Non operating income net other - - - - -
Operating income 154.00M 561.00M 578.00M 428.00M 557.00M
Other operating expenses 3076.00M 3217.00M 3385.00M 3035.00M 2929.00M
Interest expense 53.00M 71.00M 79.00M 79.00M 80.00M
Tax provision 31.00M 174.00M 167.00M 63.00M 133.00M
Interest income 11.00M 3.00M 4.00M 130.00M 146.00M
Net interest income -44.00000M -73.00000M -84.00000M -79.00000M -79.00000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 31.00M 174.00M 167.00M 63.00M 133.00M
Total revenue 3203.00M 3686.00M 4277.00M 3388.00M 3474.00M
Total operating expenses 2690.00M 3286.00M 3869.00M 2856.00M 2929.00M
Cost of revenue 2399.00M 3188.00M 3271.00M 2552.00M 2404.00M
Total other income expense net -342.00000M 296.00M 272.00M -202.00000M -85.00000M
Discontinued operations - 213.00M 13.00M 13.00M 13.00M
Net income from continuing ops 95.00M 451.00M 428.00M 176.00M 339.00M
Net income applicable to common shares 95.00M 664.00M 428.00M 176.00M 339.00M
Preferred stock and other adjustments - - - - -
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 13543.00M 10022.00M 9369.00M 9856.00M 9623.00M
Intangible assets 62.00M 73.00M 85.00M 84.00M 60.00M
Earning assets - - - - -
Other current assets 61.00M 60.00M 66.00M 86.00M 66.00M
Total liab 5297.00M 4035.00M 3846.00M 4632.00M 4540.00M
Total stockholder equity 8246.00M 5987.00M 5523.00M 5224.00M 5083.00M
Deferred long term liab - - - - -
Other current liab 767.00M 503.00M 563.00M 725.00M 553.00M
Common stock 1729.00M 1700.00M 1671.00M 1595.00M 1598.00M
Capital stock 1729.00M 1700.00M 1671.00M 1595.00M 1598.00M
Retained earnings -1631.00000M -1600.00000M -1242.00000M -1548.00000M -1541.00000M
Other liab - 2269.00M 2079.00M 2134.00M 2195.00M
Good will - - - 5.00M 5.00M
Other assets - 213.00M 377.00M 257.00M 299.00M
Cash 221.00M 212.00M 363.00M 148.00M 176.00M
Cash and equivalents - - - - -
Total current liabilities 1004.00M 720.00M 726.00M 1110.00M 648.00M
Current deferred revenue - - - - -
Net debt 1156.00M 1051.00M 841.00M 1625.00M 1616.00M
Short term debt 237.00M 217.00M 163.00M 385.00M 95.00M
Short long term debt 234.00M 214.00M 159.00M 378.00M 88.00M
Short long term debt total 1377.00M 1263.00M 1204.00M 1773.00M 1792.00M
Other stockholder equity - 5887.00M 5094.00M 5177.00M 5026.00M
Property plant equipment - 8989.00M 7830.00M 8598.00M 8594.00M
Total current assets 1051.00M 747.00M 1077.00M 917.00M 665.00M
Long term investments - - - - -
Net tangible assets - 5914.00M 5438.00M 5140.00M 5018.00M
Short term investments - - - - -
Net receivables 536.00M 334.00M 416.00M 491.00M 323.00M
Long term debt 1113.00M 1022.00M 1004.00M 1298.00M 1600.00M
Inventory 233.00M 141.00M 232.00M 192.00M 100.00M
Accounts payable - - - - -
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 8148.00M 5887.00M 5094.00M 5177.00M 5026.00M
Additional paid in capital - - - - -
Common stock total equity - - - - 1598.00M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 238.00M -9062.00000M -7915.00000M 8.00M -8658.00000M
Deferred long term asset charges - - - - -
Non current assets total 12492.00M 9275.00M 8292.00M 8939.00M 8958.00M
Capital lease obligations 30.00M 27.00M 41.00M 97.00M 104.00M
Long term debt total - - - 1388.00M 1697.00M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments -327.00000M 598.00M -114.00000M -65.00000M -69.00000M
Change to liabilities -93.00000M -124.00000M 214.00M 75.00M 39.00M
Total cashflows from investing activities -327.00000M 598.00M -114.00000M -65.00000M -69.00000M
Net borrowings 92.00M -482.00000M 91.00M 105.00M -46.00000M
Total cash from financing activities -333.00000M -844.00000M -345.00000M -443.00000M -546.00000M
Change to operating activities -23.00000M -1.00000M -60.00000M -15.00000M 15.00M
Net income 95.00M 664.00M 428.00M 175.00M 339.00M
Change in cash -151.00000M 215.00M -28.00000M 98.00M 18.00M
Begin period cash flow 363.00M 148.00M 176.00M 78.00M 60.00M
End period cash flow 212.00M 363.00M 148.00M 176.00M 78.00M
Total cash from operating activities 509.00M 461.00M 431.00M 605.00M 635.00M
Issuance of capital stock - - - - -
Depreciation 266.00M 278.00M 285.00M 288.00M 276.00M
Other cashflows from investing activities - - - -2.00000M -
Dividends paid -423.00000M -360.00000M -433.00000M -546.00000M 500.00M
Change to inventory - - - - -
Change to account receivables 68.00M 84.00M -169.00000M -34.00000M -32.00000M
Sale purchase of stock -2.00000M -2.00000M -3.00000M -2.00000M -
Other cashflows from financing activities -5.00000M -9.00000M -10.00000M -9.00000M 438.00M
Change to netincome 153.00M -457.00000M -243.00000M 92.00M -39.00000M
Capital expenditures 329.00M 172.00M 114.00M 63.00M 69.00M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 68.00M 84.00M -169.00000M -34.00000M 1.00M
Stock based compensation 1.00M 1.00M 2.00M 1.00M -
Other non cash items 148.00M -481.00000M -282.00000M 142.00M -615.00000M
Free cash flow 180.00M 289.00M 317.00M 542.00M 566.00M

Peer Comparison

Sector: Utilities Industry: Utilities - Renewable

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MEZ
Meridian Energy Ltd		 0.02 0.39% 5.14 34.00 45.05 2.82 1.71 3.25 15.78
MCY
Mercury NZ Ltd		 -0.08 1.47% 5.35 28.32 33.44 2.23 1.73 3.04 11.53
CEN
Contact Energy Ltd		 -0.18 2.17% 8.11 29.56 23.36 2.33 2.52 3.02 13.52
LGI
LGI Ltd		 -0.06 1.94% 3.04 38.00 - 8.12 5.21 8.95 19.44
FHE
FRONTIER ENERGY LIMITED		 -0.01 9.09% 0.10 - - 412.30 0.69 - 94.01

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Profile

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. The company generates electricity through 7 hydro stations that has a capacity of 2,365 MW; 6 wind farms that has a capacity of 571 MW; and a grid-scale solar array, as well as offers solar installation services. It sells electricity under the Meridian Energy and Powershop brands. It also offers software development, professional, and insurance services. The company was formerly known as Hydro Energy Limited. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.

Meridian Energy Ltd

98 Customhouse Quay, Wellington, New Zealand, 6143

Key Executives

Name Title Year Born
Mr. Neal Barclay BCA, CA (NZICA) Chief Exec. Officer NA
Mr. Mike Roan CFO and GM of Fin. & Strategy NA
Mr. Bharat Ratanpal Chief Information Officer NA
Owen Hackston Investor Relations Mang. NA
Mr. Jason Stein BCA, LLB Chief People Officer, CEO of Meridian Energy Australia Pty Limited & Powershop Australia Pty Limited NA
Mr. Jason Woolley Gen. Counsel & Company Sec. NA
Rheilli Uluilelata External Communications Mang. NA
Ms. Claire Shaw Gen. Mang. of Corp. Affairs & Sustainability NA
Ms. Lisa Hannifin Chief Customer Officer NA
Ms. Nic Kennedy Chief Exec. Officer of Flux Federation Limited NA

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