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Mercury NZ Limited (MCY.NZ)

NZD6.92 +0.02 (+0.29%)
NZ NZE Utilities Renewable Utilities
Address 33 Broadway 1023
Auckland, NZ
CEO Stewart Allan Hamilton
IPO 2013-05-13
ISIN NZMRPE0001S2

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Also trades on Australian Securities Exchange · MCY.AX (AUD) New Zealand Exchange · MCY.NZ (NZD) Other OTC · MGHTF (USD)
Description

Mercury NZ Limited is a prominent New Zealand energy provider focused on the generation, wholesale, and retail sale of electricity, alongside other related ventures. The company's operations are divided into distinct Generation/Wholesale, Retail, and Other segments. Its robust generation assets include nine hydroelectric power stations located along the Waikato River, five wind farms, and five geothermal facilities in the central North Island. Mercury supplies electricity to a diverse clientele, including residential, commercial, industrial, and spot market customers, marketed under its GLOBUG, Trustpower, and Mercury brands. Beyond electricity, the company also offers piped natural gas, telecommunication services, and various other products. Established in 1998, the entity known today as Mercury NZ Limited adopted its current name in July 2016, having previously operated as Mighty River Power Limited, and maintains its headquarters in Auckland, New Zealand.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
NZD6.92 +0.02 (+0.29%)
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Volume Profile
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Liquidity & share structure
Average Volume
930.9K
Beta
0.34
Float Shares
700.86M
Free Float %
49.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.72% -1.00% +3.73% +8.76% +9.28% +7.25% +17.60% +11.74% +5.95% +130.13% +188.38%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6.92
DCF (Unlevered) 10.21 +47.5%
DCF (Levered) 5.94 -14.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 60% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.04
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
2 / 5
Medium
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Renewable Utilities: +1.3%
    +2.2% Q4'25: +3.7% (vs Q4'23)
  • EPS growth Renewable Utilities: +6.7%
    -99.7% Q4'25: -89.1% (vs Q4'23)
  • FCF margin FCF growth · Renewable Utilities: +50.4%
    -3.1% Q4'25: +5.3% (vs Q4'23)
  • EBIT margin Renewable Utilities: +22.3%
    +3.3% Q4'25: +21.6% (vs Q4'23)
  • ROIC Renewable Utilities: +3.5%
    +1.6% Q4'25: +14.8% (vs Q4'23)
  • Share dilution Renewable Utilities: +0.0%
    +1.2% Q4'25: +1.7% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Renewable Utilities: 3.24×
    4.83× Q4'25: 1.15× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.32) × ERP
WACC = 81% × Ke + 19% × Kd (5.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 10.21 Current price: 6.92
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2015
actual
Jun 2016
actual
Jun 2017
actual
Jun 2018
actual
Jun 2019
actual
Jun 2020
actual
Jun 2021
actual
Jun 2022
actual
Jun 2023
actual
Jun 2024
actual
Jun 2025
actual
Jun 2026
4 Rev. Ana.
4 EPS Ana.
Jun 2027
4 Rev. Ana.
4 EPS Ana.
Jun 2028
4 Rev. Ana.
3 EPS Ana.
Revenue
1.63B
est: 1.43B (+13.6%)
1.51B
est: 1.37B (+10.4%)
1.55B
est: 1.37B (+13.5%)
1.76B
est: 1.58B (+11.0%)
1.96B
est: 1.86B (+5.0%)
1.73B
est: 1.71B (+1.7%)
2.01B
est: 1.89B (+5.9%)
2.12B
est: 2.00B (+6.0%)
2.73B
est: 2.65B (+3.2%)
3.42B
est: 3.47B (-1.4%)
3.50B
est: 3.38B (+3.4%)
3.21B
2.94B – 3.60B
-5.1% YoY
3.65B
3.03B – 4.11B
+13.6% YoY
3.79B
3.76B – 3.82B
+3.9% YoY
EBITDA
365.00M
est: 355.94M (+2.5%)
497.00M
est: 340.30M (+46.0%)
538.00M
est: 339.76M (+58.3%)
617.00M
est: 393.00M (+57.0%)
709.00M
est: 463.04M (+53.1%)
499.00M
est: 423.82M (+17.7%)
428.00M
est: 470.82M (-9.1%)
872.00M
est: 497.26M (+75.4%)
597.00M
est: 657.30M (-9.2%)
906.00M
est: 862.84M (+5.0%)
472.00M
est: 840.72M (-43.9%)
798.00M
730.22M – 893.69M
-5.1% YoY
906.76M
754.10M – 1.02B
+13.6% YoY
941.92M
933.42M – 950.42M
+3.9% YoY
EBIT
195.00M
est: 190.21M (+2.5%)
318.00M
est: 181.85M (+74.9%)
355.00M
est: 181.56M (+95.5%)
416.00M
est: 210.01M (+98.1%)
504.00M
est: 247.44M (+103.7%)
292.00M
est: 226.48M (+28.9%)
226.00M
est: 251.60M (-10.2%)
579.00M
est: 265.73M (+117.9%)
245.00M
est: 351.25M (-30.2%)
554.00M
est: 461.09M (+20.2%)
115.00M
est: 449.27M (-74.4%)
426.44M
390.22M – 477.57M
-5.1% YoY
484.56M
402.98M – 545.76M
+13.6% YoY
503.35M
498.80M – 507.89M
+3.9% YoY
Net Income
47.00M
est: 164.77M (-71.5%)
160.00M
est: 157.13M (+1.8%)
184.00M
est: 177.63M (+3.6%)
234.00M
est: 192.35M (+21.7%)
357.00M
est: 170.52M (+109.4%)
207.00M
est: 178.67M (+15.9%)
141.00M
est: 150.98M (-6.6%)
469.00M
est: 246.67M (+90.1%)
103.00M
est: 261.44M (-60.6%)
290.00M
est: 290.00M (+0.0%)
1.00M
est: 228.04M (-99.6%)
269.00M
239.90M – 579.94M
+18.0% YoY
383.25M
303.14M – 575.18M
+42.5% YoY
400.61M
374.44M – 513.70M
+4.5% YoY
SGA
82.00M
est: 68.63M (+19.5%)
83.00M
est: 65.61M (+26.5%)
83.00M
est: 65.51M (+26.7%)
87.00M
est: 75.77M (+14.8%)
86.00M
est: 89.28M (-3.7%)
82.00M
est: 81.71M (+0.3%)
83.00M
est: 90.78M (-8.6%)
94.00M
est: 95.88M (-2.0%)
148.00M
est: 126.73M (+16.8%)
170.00M
est: 166.36M (+2.2%)
175.00M
est: 162.10M (+8.0%)
153.86M
140.79M – 172.31M
-5.1% YoY
174.83M
145.40M – 196.91M
+13.6% YoY
181.61M
179.97M – 183.25M
+3.9% YoY
EPS
0.03
est: 0.12 (-70.8%)
0.12
est: 0.11 (+7.4%)
0.13
est: 0.13 (+3.0%)
0.17
est: 0.14 (+24.4%)
0.26
est: 0.12 (+114.5%)
0.15
est: 0.13 (+18.1%)
0.10
est: 0.11 (-6.8%)
0.34
est: 0.18 (+93.9%)
0.07
est: 0.19 (-61.2%)
0.21
est: 0.22 (-4.4%)
0.00
est: 0.16 (-99.6%)
0.29
0.17 – 0.41
+73.2% YoY
0.30
0.22 – 0.41
+3.7% YoY
0.31
0.27 – 0.37
+4.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B- 2/5 4/5 1/5 2/5 4/5 1/5 2/5
2026-05-28 B- 2/5 4/5 1/5 2/5 4/5 1/5 2/5
2026-05-27 B- 2/5 4/5 1/5 2/5 4/5 1/5 2/5
2026-05-26 B- 2/5 4/5 1/5 2/5 4/5 1/5 2/5
2026-05-25 B- 2/5 4/5 1/5 2/5 4/5 1/5 2/5
2026-05-22 B- 2/5 4/5 1/5 2/5 4/5 1/5 2/5
2026-05-21 B- 2/5 4/5 1/5 2/5 4/5 1/5 2/5
2026-05-20 B- 2/5 4/5 1/5 2/5 4/5 1/5 2/5
2026-05-19 B- 2/5 4/5 1/5 2/5 4/5 1/5 2/5
2026-05-18 B- 2/5 4/5 1/5 2/5 4/5 1/5 2/5
2026-05-15 C+ 2/5 4/5 1/5 2/5 3/5 1/5 2/5
2026-05-14 C+ 2/5 4/5 1/5 2/5 3/5 1/5 2/5
2026-05-13 C+ 2/5 4/5 1/5 2/5 3/5 1/5 2/5
2026-05-12 C+ 2/5 4/5 1/5 2/5 3/5 1/5 2/5
2026-05-11 C+ 2/5 4/5 1/5 2/5 3/5 1/5 2/5
2026-05-08 B- 2/5 4/5 1/5 3/5 3/5 1/5 2/5
2026-05-07 B- 2/5 4/5 1/5 3/5 3/5 1/5 2/5
2026-05-06 B- 2/5 4/5 1/5 3/5 3/5 1/5 2/5
2026-05-05 B- 2/5 4/5 1/5 3/5 3/5 1/5 2/5
2026-05-04 B- 2/5 4/5 1/5 3/5 3/5 1/5 2/5
2026-05-01 B- 2/5 4/5 1/5 3/5 3/5 1/5 2/5
2026-04-30 B- 2/5 4/5 1/5 3/5 3/5 1/5 2/5
2026-04-29 C+ 2/5 4/5 1/5 3/5 2/5 1/5 2/5
2026-04-28 C+ 2/5 4/5 1/5 3/5 2/5 1/5 2/5
2026-04-24 B- 2/5 4/5 1/5 4/5 2/5 1/5 2/5
2026-04-23 B- 2/5 4/5 1/5 4/5 2/5 1/5 2/5
2026-04-22 B- 2/5 4/5 1/5 4/5 2/5 1/5 2/5
2026-04-21 C+ 2/5 3/5 1/5 4/5 2/5 1/5 2/5
2026-04-20 C+ 2/5 3/5 1/5 4/5 2/5 1/5 2/5
2026-04-17 B- 2/5 3/5 1/5 4/5 2/5 1/5 3/5
2026-04-16 B- 2/5 3/5 1/5 4/5 2/5 1/5 3/5
2026-04-15 B- 2/5 3/5 1/5 4/5 2/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
4.27B
OE per share TTM
3.05
Owner's Yield
43.48%
Maintenance CapEx ratio
497.70%
Maint CapEx / Avg PPE
294.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
77.0K
Shares Outstanding
1.42B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Stewart Allan Hamilton Chief Executive Officer 2M male
Craig Neustroski Chief Strategy & Transformation Officer male
Howard Thomas Company Secretary & General Counsel male
Kevin Taylor Chief Operating Officer of Generation male
Michele Mauger Chief People Officer female
Nick Pudney Head of Integration male
Paul Ruedige Head of Business Performance & Investor Relations
Richard Hopkins Chief Financial Officer male
Shannon Goldstone Head of Communications female
Catherine Thompson Chief Sustainability Officer female
Suraiya Phillimore-Smith Chief Customer Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits