A$5.4
Meridian Energy is an utilities - renewable business based in Australia. Meridian Energy shares (MEZ) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Meridian Energy has a trailing 12-month revenue of around $4.9 billion. If you're looking to buy shares, check out the steps below.
How to buy shares in Meridian Energy
To buy shares listed in Australia such as Meridian Energy , you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose or you can see our list of the best share trading platforms in Australia. Then follow these steps.
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Open and fund your brokerage account. Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
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Search for Meridian Energy . Find the share by name or ticker symbol: MEZ. Research its history to confirm it's a solid investment against your financial goals.
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Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Meridian Energy reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
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Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
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Check on your investment. Congratulations, you own a part of Meridian Energy . Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
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Meridian Energy stock price (ASX:MEZ)
Use our graph to track the performance of MEZ stocks over time.Meridian Energy shares at a glance
52-week range | $4.2335 - $6.0933 |
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50-day moving average | $5.767 |
200-day moving average | $5.5588 |
Target price | N/A |
PE ratio | 36.4 |
Dividend yield | $0.21 (3.43%) |
Earnings per share (TTM) | $0.15 |
Where to buy Meridian Energy shares
Is it a good time to buy Meridian Energy stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Meridian Energy price performance over time
Historical closes compared with the last close of A$5.3
1 week (2024-09-26) | -4.50% |
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1 month (2024-09-04) | -5.69% |
3 months (2024-07-04) | -9.56% |
6 months (2024-04-04) | -3.28% |
1 year (2023-10-04) | 8.16% |
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2 years (2022-10-04) | 26.19% |
3 years (2021-10-04) | 11.11% |
5 years (2019-10-04) | 6.00% |
Is Meridian Energy under- or over-valued?
Valuing Meridian Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Meridian Energy 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Meridian Energy 's P/E ratio
Meridian Energy 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 36x. In other words, Meridian Energy shares trade at around 36x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Meridian Energy 's PEG ratio
Meridian Energy 's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 33.5843. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Meridian Energy 's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Meridian Energy 's EBITDA
Meridian Energy 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $975 million (£0.0 million).
The EBITDA is a measure of a Meridian Energy 's overall financial performance and is widely used to measure stock profitability.
Meridian Energy financials
Revenue TTM | $4.9 billion |
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Operating margin TTM | 13.95% |
Gross profit TTM | $823 million |
Return on assets TTM | 3.58% |
Return on equity TTM | 6.03% |
Profit margin | 8.83% |
Book value | 3.186 |
Market capitalisation | $14.3 billion |
TTM: trailing 12 months
N/AMeridian Energy share dividends
Dividend payout ratio: 105.7% of net profits
Recently Meridian Energy has paid out, on average, around 105.7% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.43% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Meridian Energy shareholders could enjoy a 3.43% return on their shares, in the form of dividend payments. In Meridian Energy 's case, that would currently equate to about A$0.21 per share.
Meridian Energy 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 3 September 2024 (the "ex-dividend date").
Have Meridian Energy 's shares ever split?
Meridian Energy 's shares were split on a 389:489 basis on 29 April 2015. So if you had owned 489 shares the day before the split, the next day you would own 389 shares. This wouldn't directly have changed the overall worth of your Meridian Energy shares – just the quantity. However, indirectly, the new 25.7% higher share price could have impacted the market appetite for Meridian Energy shares which in turn could have impacted Meridian Energy 's share price.
Meridian Energy share price volatility
Over the last 12 months, Meridian Energy 's shares have ranged in value from as little as $4.2335 up to $6.0933. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Meridian Energy 's is 0.757. This would suggest that Meridian Energy 's shares are less volatile than average (for this exchange).
Meridian Energy overview
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 in the news
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