Meridian Energy's fiscal 2026 EBITDA increased 72% to NZD 1.05 billion, mainly on 15% higher hydroelectric generation volumes. DPS increased 7% to NZD 22.50, mostly imputed. Fiscal 2027 guidance is for 3% EBITDA growth at the midpoint.
Meridian is a low-cost provider of electricity with high-quality hydroelectric schemes.
Electricity prices have fallen back to long-term averages, limiting further earnings growth.
|
Metric
|
MEZ
|
GNE
|
MCY
|
|---|---|---|---|
Price/Earnings (Normalized) | 46.02 | 18.56 | 25.28 |
Price/Book Value | 1.44 | 1.09 | 1.87 |
Price/Sales | 3.51 | 1.02 | 3.04 |
Price/Cash Flow | 16.69 | 6.41 | 12.87 |
|
Metric
|
MEZ
|
GNE
|
MCY
|
|---|---|---|---|
Quick Ratio | 0.93 | 0.46 | 0.58 |
Current Ratio | 1.15 | 0.86 | 0.96 |
Interest Coverage | 1.65 | 1.78 | 4.33 |
|
Metric
|
MEZ
|
GNE
|
MCY
|
|---|---|---|---|
Return on Assets (Normalized) | 1.96% | 1.39% | 3.30% |
Return on Equity (Normalized) | 3.33% | 2.81% | 6.68% |
Return on Invested Capital (Normalized) | 2.76% | 1.86% | 4.30% |
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1-Day Chart
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Morningstar Rating for Stocks
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Market Cap
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