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Meridian Energy Limited MEL.NZ

NZ · New Zealand Exchange · XNZE · stock · Utilities · website

Meridian Energy Limited statistics & valuation

Market capNZ$14.4B
P / E110.4×
P / S3.7×
P / B1.4×
Dividend yield2.62%
Net margin3.4%
Return on equity1.3%
Net debtNZ$1.5B
Enterprise value USD$9.0B
Earnings yield EBIT/EV5.1%
Return on capital5%
Graham number -63.5%NZ$2.04

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (NZ$2.04); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.00% 8.90% -9.40% 3.40% 2023202420252026
Gross margin (%)
100.00% 100.00% 100.00% 100.00% 2023202420252026
Operating margin (%)
16.00% 8.20% 14.80% 20.90% 2023202420252026
Return on equity (%)
1.60% 5.20% -5.10% 1.30% 2023202420252026
Shares outstanding
2.65B 2.65B 2.65B 2.65B 2023202420252026
Net debt (NZ$)
NZ$1.05B NZ$1.16B NZ$1.45B NZ$1.52B 2023202420252026
Share buybacks (NZ$)
2023202420252026
Return on assets (%)
0.90% 3.20% -3.00% 0.80% 2023202420252026
Free cash flow margin (%)
2023202420252026
Debt / equity (×)
0.21× 0.17× 0.18× 0.20× 2023202420252026
EPS (NZ$)
NZ$0.04 NZ$0.17 -NZ$0.17 NZ$0.05 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin100.0%100.0%100.0%100.0%
Operating margin20.9%14.8%8.2%16.0%
Net margin3.4%-9.4%8.9%3.0%
Return on assets0.8%-3.0%3.2%0.9%
Return on equity1.3%-5.1%5.2%1.6%
Debt / equity0.19×0.13×0.13×0.17×
Current ratio1.150.661.051.04

Computed from company filings · NZ · as of 2025-06-30. Figures in NZD. Facts plus Stocktoria's own computed scores — not investment advice.