Español 
Deutsch 
Français 
MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
Meridian Energy Limited (MEL.NZ)
NZD5.58
-0.09 (-1.59%)
NZ NZE Utilities Renewable Utilities
Address
98 Customhouse Quay 6011
Wellington, WGN, NZ
Wellington, WGN, NZ
CEO
Michael John Roan
Website
meridianenergy.co.nz
IPO
2013-10-29
ISIN NZMELE0002S7
Also trades on
Australian Securities Exchange · MEZ.AX (AUD)
New Zealand Exchange · MEL.NZ (NZD)
Other OTC · MDDNF (USD)
Description
Meridian Energy Limited engages in the generation 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; 8 wind farms; and 100MW battery energy storage system, as well as grid-scale solar array. It sells electricity under the Meridian Energy and Powershop brands. It also offers solar installation, 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 Limited operates as a subsidiary of New Zealand.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary
Loading…
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
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
Loading risk profile…
Price Chart
NZD5.58
-0.09 (-1.59%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
2M
Beta
0.46
Float Shares
1.30B
Free Float %
49.3%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.51% | -0.34% | +3.35% | +3.71% | +4.26% | +4.82% | +6.92% | +7.71% | +12.24% | +121.51% | +271.52% |
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From
To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
Loading histogram data…
Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
5.58
DCF (Unlevered)
7.19
+28.9%
DCF (Levered)
5.07
-9.2%
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
1.93
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Renewable Utilities: +1.3%-0.8% Q4'25: -5.2% (vs Q4'23)
-
EPS growth Renewable Utilities: +6.7%-200.0% Q4'25: +16.8% (vs Q4'23)
-
FCF margin FCF growth · Renewable Utilities: +50.4%-5.5% Q4'25: +13.3% (vs Q4'23)
-
EBIT margin Renewable Utilities: +22.3%-11.2% Q4'25: +21.0% (vs Q4'23)
-
ROIC Renewable Utilities: +3.5%-5.2% Q4'25: +11.3% (vs Q4'23)
-
Share dilution Renewable Utilities: +0.0%+0.6% Q4'25: +1.8% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Renewable Utilities: 3.24×-17.63× Q4'25: 0.70× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
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.
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 2 Rev. Ana. 4 EPS Ana. |
Jun 2027 2 Rev. Ana. 4 EPS Ana. |
Jun 2028 2 Rev. Ana. 3 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
2.89B
est: 2.56B (+13.1%)
|
2.37B
est: 2.69B (-11.9%)
|
2.31B
est: 2.28B (+1.1%)
|
2.75B
est: 2.78B (-1.1%)
|
3.47B
est: 3.40B (+2.1%)
|
3.39B
est: 3.42B (-1.1%)
|
3.96B
est: 4.57B (-13.3%)
|
3.78B
est: 3.68B (+2.5%)
|
3.20B
est: 3.32B (-3.6%)
|
4.83B
est: 4.86B (-0.6%)
|
4.79B
est: 4.59B (+4.5%)
|
3.88B
3.66B – 4.10B
-15.4% YoY
|
4.80B
4.58B – 5.02B
+23.7% YoY
|
4.86B
4.82B – 4.90B
+1.2% YoY
|
| EBITDA |
574.00M
est: 425.39M (+34.9%)
|
572.00M
est: 447.28M (+27.9%)
|
621.00M
est: 379.94M (+63.4%)
|
644.00M
est: 461.86M (+39.4%)
|
830.00M
est: 565.98M (+46.6%)
|
635.00M
est: 569.68M (+11.5%)
|
927.00M
est: 760.65M (+21.9%)
|
990.00M
est: 612.66M (+61.6%)
|
474.00M
est: 552.65M (-14.2%)
|
996.00M
est: 808.37M (+23.2%)
|
-89.00M
est: 763.19M (-111.7%)
|
645.75M
608.87M – 682.63M
-15.4% YoY
|
798.53M
761.69M – 835.37M
+23.7% YoY
|
808.06M
801.56M – 814.56M
+1.2% YoY
|
| EBIT |
329.00M
est: 220.83M (+49.0%)
|
330.00M
est: 232.19M (+42.1%)
|
350.00M
est: 197.24M (+77.5%)
|
372.00M
est: 239.76M (+55.2%)
|
552.00M
est: 293.82M (+87.9%)
|
323.00M
est: 295.73M (+9.2%)
|
656.00M
est: 394.87M (+66.1%)
|
697.00M
est: 318.05M (+119.1%)
|
180.00M
est: 286.90M (-37.3%)
|
661.00M
est: 419.64M (+57.5%)
|
-535.00M
est: 396.19M (-235.0%)
|
335.22M
316.08M – 354.37M
-15.4% YoY
|
414.54M
395.41M – 433.66M
+23.7% YoY
|
419.48M
416.11M – 422.86M
+1.2% YoY
|
| Net Income |
247.00M
est: 218.46M (+13.1%)
|
185.00M
est: 269.63M (-31.4%)
|
197.00M
est: 236.20M (-16.6%)
|
201.00M
est: 220.22M (-8.7%)
|
339.00M
est: 358.78M (-5.5%)
|
176.00M
est: 367.40M (-52.1%)
|
428.00M
est: 226.65M (+88.8%)
|
451.00M
est: 276.22M (+63.3%)
|
95.00M
est: 364.10M (-73.9%)
|
429.00M
est: 429.00M (+0.0%)
|
-452.00M
est: 161.41M (-380.0%)
|
661.27M
410.16M – 912.39M
+309.7% YoY
|
680.75M
438.18M – 923.33M
+2.9% YoY
|
719.83M
629.97M – 809.69M
+5.7% YoY
|
| SGA |
88.00M
est: 74.42M (+18.2%)
|
92.00M
est: 78.25M (+17.6%)
|
92.00M
est: 66.47M (+38.4%)
|
95.00M
est: 80.80M (+17.6%)
|
102.00M
est: 99.02M (+3.0%)
|
115.00M
est: 99.66M (+15.4%)
|
112.00M
est: 133.07M (-15.8%)
|
100.00M
est: 107.18M (-6.7%)
|
119.00M
est: 96.68M (+23.1%)
|
134.00M
est: 141.42M (-5.2%)
|
124.00M
est: 133.52M (-7.1%)
|
112.97M
106.52M – 119.42M
-15.4% YoY
|
139.70M
133.25M – 146.14M
+23.7% YoY
|
141.37M
140.23M – 142.50M
+1.2% YoY
|
| EPS |
0.10
est: 0.08 (+14.4%)
|
0.07
est: 0.10 (-30.5%)
|
0.08
est: 0.09 (-15.1%)
|
0.08
est: 0.08 (-7.3%)
|
0.13
est: 0.14 (-5.6%)
|
0.07
est: 0.14 (-51.6%)
|
0.17
est: 0.09 (+95.3%)
|
0.18
est: 0.11 (+69.7%)
|
0.04
est: 0.14 (-73.4%)
|
0.17
est: 0.16 (+5.1%)
|
-0.17
est: 0.06 (-372.3%)
|
0.24
0.16 – 0.35
+288.9% YoY
|
0.26
0.17 – 0.35
+6.3% YoY
|
0.28
0.24 – 0.31
+8.6% 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 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-28 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-27 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-26 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-25 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-22 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-21 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-20 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-19 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-18 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-15 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-14 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-13 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-12 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-11 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-08 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-07 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-06 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-05 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-04 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 3/5 |
| 2026-05-01 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 3/5 |
| 2026-04-30 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 3/5 |
| 2026-04-29 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 3/5 |
| 2026-04-28 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 3/5 |
| 2026-04-24 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-23 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-22 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-21 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-20 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-17 | C | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-16 | C | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-15 | C | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
6.24B
OE per share TTM
2.40
Owner's Yield
40.43%
Maintenance CapEx ratio
153.39%
Maint CapEx / Avg PPE
252.0%
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
-572.2K
Shares Outstanding
2.64B
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
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Mike Roan | Chief Executive Officer | 2M | male |
| Claire Shaw | General Manager of Corporate Affairs & Sustainability | — | female |
| Humphrey Tapper | Chief Legal Adviser, Environment & Property | — | — |
| Jason Stein | Chief People Officer | — | male |
| Jason Woolley | General Counsel & Company Secretary | — | male |
| Lisa Hannifin | Chief Customer Officer | — | female |
| Mandy Simpson | Chief Financial Officer | — | female |
| Owen Hackston | Investor Relations Manager | — | male |
| Bharat Ratanpal | Chief Information Officer | — | male |
| Philip Clark | Head of Communications | — | male |
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
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for MEL.NZ
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
