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5-day change | 1st Jan Change | ||
5.91 NZD | +0.17% | +2.69% | +6.68% |
Mar. 22 | Meridian Energy Declares FX Rate for 2024 Interim Ordinary Dividend | MT |
Mar. 19 | Meridian Issues Demand Response Cessation Notice to NZAS | MT |
Summary
- The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
Strengths
- The company's profit outlook over the next few years is a strong asset.
- Over the last twelve months, the sales forecast has been frequently revised upwards.
- Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
- There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Weaknesses
- With an expected P/E ratio at 45.85 and 35.9 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
- The company's enterprise value to sales, at 3.73 times its current sales, is high.
- The company is highly valued given the cash flows generated by its activity.
- Most analysts agree on a negative opinion with regard to the stock. Indeed, the average consensus issues recommendations to underperform or sell.
- The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
Ratings chart - Surperformance
Chart ESG Refinitiv
Sector: Electric Utilities
1st Jan change | Capi. | Investor Rating | ESG Refinitiv | |
---|---|---|---|---|
+6.68% | 9.16B | B- | ||
+6.47% | 84.06B | B | ||
-9.51% | 11.21B | B | ||
+38.85% | 10.71B | D+ | ||
+9.79% | 10.48B | C+ | ||
+4.87% | 6.31B | C+ | ||
+5.00% | 5.6B | B- | ||
+8.57% | 5.4B | D+ | ||
-4.87% | 4.12B | - | ||
-.--% | 3.83B | - | C+ |
Financials
Valuation
Momentum
Consensus
Business Predictability
Environment
Governance
Controversy
Technical analysis
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- Stock Meridian Energy Limited - New Zealand S.E.
- Ratings Meridian Energy Limited