Valuation Meridian Energy Limited

Equities

End-of-day quote New Zealand S.E. Other stock markets 2025-12-12			5-day change	1st Jan Change
5.460 ^NZD	+0.37%		-2.15%	-7.61%

12-10	New Zealand Shares End Flat Amid Oracle Earnings, US Fed Rate Cut; Kiwi Property Group CFO Steps Down	MT
12-10	Meridian Energy Buys Back 500,000 Shares	MT

Data adjusted to current consolidation scope

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	13,656	12,063	14,466	16,282	15,431	14,410	-	-
Change	-	-11.67%	19.92%	12.56%	-5.23%	-6.62%	-	-
Enterprise Value (EV) ¹	15,281	12,910	15,698	17,556	16,936	15,833	15,854	15,878
Change	-	-15.52%	21.59%	11.84%	-3.53%	-6.51%	0.13%	0.15%
P/E ratio	31.9x	18.1x	151x	37.9x	-33.9x	39.1x	33.3x	29.3x
PBR	2.61x	2.18x	2.42x	1.97x	1.72x	1.58x	1.57x	1.56x
PEG	-	0.3x	-1.8x	0x	0x	-0x	1.9x	2.2x
Capitalization / Revenue	3.18x	3.26x	4.49x	3.35x	3.19x	3.01x	2.95x	3x
EV / Revenue	3.56x	3.49x	4.87x	3.62x	3.5x	3.31x	3.25x	3.31x
EV / EBITDA	21x	18.2x	20x	19.4x	27.7x	15x	13.8x	12.7x
EV / EBIT	35.9x	31x	32.1x	30.7x	103x	26.7x	22.9x	20.5x
EV / FCF	43x	44.7x	87.2x	52.9x	-	21.1x	19.6x	17.9x
FCF Yield	2.32%	2.24%	1.15%	1.89%	-	4.74%	5.09%	5.6%
Dividend per Share ²	0.169	0.174	0.179	0.21	0.21	0.2314	0.2474	0.2648
Rate of return	3.17%	3.72%	3.2%	3.34%	3.56%	4.24%	4.53%	4.85%
EPS ²	0.167	0.258	0.037	0.166	-0.174	0.1395	0.1642	0.1861
Distribution rate	101%	67.4%	484%	127%	-121%	166%	151%	142%
Net sales ¹	4,296	3,703	3,222	4,856	4,835	4,784	4,885	4,799
EBITDA ¹	729	709	783	905	611	1,055	1,153	1,254
EBIT ¹	426	416	489	571	164	593.9	692.8	776.2
Net income ¹	428	664	95	429	-452	362.5	428.5	489.1
Net Debt ¹	1,625	847	1,232	1,274	1,505	1,423	1,444	1,468
Reference price ²	5.330	4.680	5.600	6.290	5.900	5.460	5.460	5.460
Nbr of stocks (in thousands)	2,562,114	2,577,566	2,583,169	2,588,594	2,615,473	2,639,273	-	-
Announcement Date	8/24/21	8/23/22	8/28/23	8/27/24	8/26/25	-	-	-

¹NZD in Million²NZD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
MERIDIAN ENERGY LIMITED	39.14x	3.31x	15.01x	4.24%	8.35B
CHINA YANGTZE POWER CO., LTD.	20.15x	11.07x	14.38x	3.46%	97.25B
AXIA ENERGIA S.A.	18.65x	4.87x	9.04x	5.46%	26.7B
BROOKFIELD RENEWABLE PARTNERS L.P.	-35.99x	6.69x	16.44x	5.34%	18.11B
SICHUAN CHUANTOU ENERGY CO.LTD	14.72x	48.36x	15.08x	2.87%	9.98B
NHPC LIMITED	18.66x	9.25x	15.08x	2.67%	8.55B
GUANGXI GUIGUAN ELECTRIC POWERCO.,LTD.	19.01x	-	-	3.31%	7.75B
CHINA SOUTHERN POWER GRID ENERGY STORAGE CO., LTD.	27.49x	-	-	1.19%	5.7B
GRUPO ARGOS S.A.	10.33x	0.79x	3.05x	3.99%	2.79B
Average	14.68x	12.05x	12.58x	3.61%	20.58B
Weighted average by Cap.	14.97x	11.17x	13.69x	3.83%