MERIDIAN ENERGY LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.670 NZD | -2.07% |
|
-9.28% | +2.35% |
| 11-19 | New Zealand Shares Rise as Markets Eye Hong Kong Summit; Napier Port Up 5% on Higher Fiscal 2024 EPS | MT |
| 11-18 | Meridian Energy's Retail Sales Volumes Down 0.6% in October | MT |
Projected Income Statement: Meridian Energy Limited
| Fiscal Period: June | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,405 | 4,296 | 3,703 | 3,222 | 4,856 | 4,699 | 4,962 | 4,651 |
| Change | - | 26.17% | -13.8% | -12.99% | 50.71% | -3.24% | 5.61% | -6.27% |
| EBITDA 1 | 854 | 729 | 709 | 783 | 905 | 904.6 | 1,156 | 1,192 |
| Change | - | -14.64% | -2.74% | 10.44% | 15.58% | -0.04% | 27.84% | 3.1% |
| EBIT 1 | 542 | 426 | 416 | 489 | 571 | 500.8 | 739.8 | 766.4 |
| Change | - | -21.4% | -2.35% | 17.55% | 16.77% | -12.3% | 47.73% | 3.6% |
| Interest Paid 1 | -85 | -84 | -75 | -55 | -69 | -65 | -70.5 | -88.5 |
| Earnings before Tax (EBT) 1 | 239 | 595 | 625 | 126 | 594 | 373.2 | 612.6 | 555.4 |
| Change | - | 148.95% | 5.04% | -79.84% | 371.43% | -37.16% | 64.12% | -9.33% |
| Net income 1 | 176 | 428 | 664 | 95 | 429 | 295.5 | 466.1 | 471.9 |
| Change | - | 143.18% | 55.14% | -85.69% | 351.58% | -31.13% | 57.77% | 1.24% |
| Announcement Date | 8/25/20 | 8/24/21 | 8/23/22 | 8/28/23 | 8/27/24 | - | - | - |
1NZD in Million
Estimates
Forecast Balance Sheet: Meridian Energy Limited
| Fiscal Period: June | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,513 | 1,625 | 847 | 1,232 | 1,274 | 1,343 | 1,293 | 1,438 |
| Change | - | 7.4% | -47.88% | 45.45% | 3.41% | 5.42% | -3.72% | 11.21% |
| Announcement Date | 8/25/20 | 8/24/21 | 8/23/22 | 8/28/23 | 8/27/24 | - | - | - |
1NZD in Million
Estimates
Cash Flow Forecast: Meridian Energy Limited
| Fiscal Period: June | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 43 | 76 | 141 | 316 | 281 | 297 | 328.9 | 252.3 |
| Change | - | 76.74% | 85.53% | 124.11% | -11.08% | 5.7% | 10.72% | -23.27% |
| Free Cash Flow (FCF) 1 | 562 | 355 | 289 | 180 | 332 | 727.5 | 625 | 706 |
| Change | - | -36.83% | -18.59% | -37.72% | 84.44% | 119.13% | -14.09% | 12.96% |
| Announcement Date | 8/25/20 | 8/24/21 | 8/23/22 | 8/28/23 | 8/27/24 | - | - | - |
1NZD in Million
Estimates
Forecast Financial Ratios: Meridian Energy Limited
| Fiscal Period: June | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 25.08% | 16.97% | 19.15% | 24.3% | 18.64% | 19.25% | 23.31% | 25.63% |
| EBIT Margin (%) | 15.92% | 9.92% | 11.23% | 15.18% | 11.76% | 10.66% | 14.91% | 16.48% |
| EBT Margin (%) | 7.02% | 13.85% | 16.88% | 3.91% | 12.23% | 7.94% | 12.34% | 11.94% |
| Net margin (%) | 5.17% | 9.96% | 17.93% | 2.95% | 8.83% | 6.29% | 9.39% | 10.15% |
| FCF margin (%) | 16.51% | 8.26% | 7.8% | 5.59% | 6.84% | 15.48% | 12.6% | 15.18% |
| FCF / Net Income (%) | 319.32% | 82.94% | 43.52% | 189.47% | 77.39% | 246.23% | 134.08% | 149.6% |
Profitability | ||||||||
| ROA | 3.29% | 2.38% | 2.42% | 3.25% | 3.65% | 2.98% | 4.74% | 4.68% |
| ROE | 6.02% | 4.5% | 4.34% | 5.47% | 6.03% | 3.9% | 6.02% | 6.25% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 1.77x | 2.23x | 1.19x | 1.57x | 1.41x | 1.48x | 1.12x | 1.21x |
| Debt / Free cash flow | 2.69x | 4.58x | 2.93x | 6.84x | 3.84x | 1.85x | 2.07x | 2.04x |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 1.26% | 1.77% | 3.81% | 9.81% | 5.79% | 6.32% | 6.63% | 5.43% |
| CAPEX / EBITDA (%) | 5.04% | 10.43% | 19.89% | 40.36% | 31.05% | 32.83% | 28.44% | 21.16% |
| CAPEX / FCF (%) | 7.65% | 21.41% | 48.79% | 175.56% | 84.64% | 40.83% | 52.62% | 35.74% |
Items per share | ||||||||
| Cash flow per share 1 | 0.236 | 0.1682 | 0.1793 | 0.1971 | 0.2578 | 0.2512 | 0.3507 | 0.3226 |
| Change | - | -28.74% | 6.61% | 9.92% | 30.78% | -2.56% | 39.62% | -8% |
| Dividend per Share 1 | 0.169 | 0.169 | 0.174 | 0.179 | 0.21 | 0.2238 | 0.2626 | 0.2842 |
| Change | - | 0% | 2.96% | 2.87% | 17.32% | 6.57% | 17.34% | 8.23% |
| Book Value Per Share 1 | 1.984 | 2.039 | 2.143 | 2.318 | 3.186 | 3.131 | 3.121 | 3.088 |
| Change | - | 2.78% | 5.07% | 8.17% | 37.44% | -1.7% | -0.32% | -1.06% |
| EPS 1 | 0.069 | 0.167 | 0.258 | 0.037 | 0.166 | 0.114 | 0.179 | 0.1821 |
| Change | - | 142.03% | 54.49% | -85.66% | 348.65% | -31.33% | 57% | 1.75% |
| Nbr of stocks (in thousands) | 2,562,535 | 2,562,114 | 2,577,566 | 2,583,169 | 2,588,594 | 2,605,799 | 2,605,799 | 2,605,799 |
| Announcement Date | 8/25/20 | 8/24/21 | 8/23/22 | 8/28/23 | 8/27/24 | - | - | - |
1NZD
Estimates
| 2025 * | 2026 * | |
|---|---|---|
| P/E ratio | 49.7x | 31.7x |
| PBR | 1.81x | 1.82x |
| EV / Sales | 3.5x | 3.3x |
| Yield | 3.95% | 4.63% |
More valuation ratios
* Estimated data
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
5.670NZD
Average target price
6.548NZD
Spread / Average Target
+15.49%
Annual profits - Rate of surprise
- Stock Market
- Equities
- MEL Stock
- Financials Meridian Energy Limited
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