Meridian Energy Ltd MDDNF
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Trading Information
- Previous Close Price
- $3.37
- Day Range
- $3.26–3.28
- 52-Week Range
- $2.84–3.62
- Bid/Ask
- $0.01 / $4,003.45
- Shares Outstanding
- 2.65B
- Market Cap
- $8.66B
- Volume/Avg
- 4,426 / 66,654
Key Statistics
- Price/Earnings (Normalized)
- 71.33
- Price/Sales
- 3.25
- Dividend Yield (Trailing)
- 3.80%
- Dividend Yield (Forward)
- 3.80%
- Total Yield
- 3.80%
Company Profile
Meridian Energy is one of New Zealand’s leading utilities. It is the largest electricity producer in the nation, with a third of the market, and the fourth-largest energy retailer, with about 15% of the market by customer numbers. It generates 100% renewable electricity, mainly from large hydroelectric schemes in the South Island. It also owns a geographically diversified portfolio of wind farms.
- Sector
- Utilities
- Industry
- Utilities - Renewable
- Stock Style Box
- Mid Core
- Total Number of Employees
- 959
- Website
- https://www.meridianenergy.co.nz
Competitors
Valuation
|
Metric
|
MDDNF
|
CEN
|
GNE
|
|---|---|---|---|
Price/Earnings (Normalized) | 71.33 | 18.84 | 17.28 |
Price/Book Value | 1.68 | 2.03 | 0.95 |
Price/Sales | 3.25 | 2.41 | 0.83 |
Price/Cash Flow | 24.50 | 12.43 | 7.67 |
Price/Earnings
MDDNF
CEN
GNE
Financial Strength
|
Metric
|
MDDNF
|
CEN
|
GNE
|
|---|---|---|---|
Quick Ratio | 0.75 | 0.69 | 0.41 |
Current Ratio | 1.07 | 0.93 | 0.89 |
Interest Coverage | −1.61 | 4.36 | 3.82 |
Quick Ratio
MDDNF
CEN
GNE
Profitability
|
Metric
|
MDDNF
|
CEN
|
GNE
|
|---|---|---|---|
Return on Assets (Normalized) | 1.42% | 5.27% | 3.16% |
Return on Equity (Normalized) | 2.39% | 12.27% | 6.45% |
Return on Invested Capital (Normalized) | 1.92% | 6.58% | 4.28% |
Return on Assets
MDDNF
CEN
GNE
Utilities - Renewable Industry Comparables
|
1-Day Chart
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United States