Meridian Energy Limited (MEZ) - Research

$4.500 0.2 (4.26%)

MEZ General Information +

GICS Sub-Industry Renewable Electricity
Market Cap ($M) 11,533
Current Price $4.500
Day High $4.680
Day Low $4.500
Last Close $4.700
Price Movement $0.20 ( 4.26% )
Prices as at 16:40, 17 Jul 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

MEZ Company Overview

Business Description

Meridian Energy Limited (MEZ) generates and provides electricity to customers including homes, businesses and farms in New Zealand, and provides metering, dam consultancy and insurance services. MEZ operates seven hydro stations and ten wind farms in New Zealand and Australia. MEZ retails electricity through the Meridian and Power shop brands. MEZ has offices in Wellington, Christchurch, Twizel, Auckland, San Francisco and Melbourne

MEZ Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 249.33 9.73 -16.60% 46.26 18.85 4.19% 0.0%
2019 F 298.67 11.66 53.70% 38.60 18.49 4.11% 0.0%
2018 A 194.34 7.58 -6.70% 35.62 18.11 6.70% 0.0%

MEZ Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Infigen Energy (IFN) $445M 0.1915 0.2088 -0.0017 9.7077 8.0311 8.0450 0.00% 215.05% 430.11%
Meridian Energy (MEZ) $5,900M -0.0559 0.6240 -0.1595 64.7383 39.8643 47.4268 3.75% 3.92% 4.05%

MEZ Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.55 38.20 2.61 2.28
Market 0.66 14.60 1.17 1.01
Sector 0.91 26.50 1.70 1.45

MEZ Directors

Name Position Start Date
Mr Peter David Wilson Non-Executive Deputy Chairman, Non-Executive Director 17 May 2011
Mr Mark Verbiest Non-Executive Director 24 Mar 2017
Mr Mark Cooper Cairns Non-Executive Director 18 Jul 2012
Ms Janice (Jan) Amelia Dawson Non-Executive Director 1 Nov 2012
Mr Anake Goodall Non-Executive Director 17 May 2011
Ms Mary Monica Devine Non-Executive Director 1 May 2010
Mr Christopher John David Moller Non-Executive Director, Non-Executive Chairman 1 May 2009

MEZ Management

Name Position
Julian Smith Chief Customer Officer
Neal Barclay Chief Executive Officer
Ed Mcmanus Chief Executive, Meridian Energy Australia Pty Ltd And Powershop Australia Pty Ltd
Paul Chambers Chief Financial Officer
Jason Adam Stein Company Secretary,General Counsel
Guy Waipara General Manager, Generation And Natural Resources
Jacqui Cleland General Manager, Human Resources
Mike Roan General Manager, Wholesale

MEZ Substantial Shareholders

Holding Name
1,307,586,374 (51.02%) Her Majesty the Queen in Right of New Zealand

MEZ Calendar of Events

Date Event
19 February 2020 Report (Interim)
21 August 2019 Report (Annual)
21 August 2019 Report (Prelim)

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