ASX/MEZ (ASX/MEZ)

Australian Securities Exchange: ASX/MEZ · AUD

A$4.43

-0.04 (-0.9%)· Recorded snapshot

Market cap	11.8B
Revenue (ttm)	3.2B
Net income (ttm)	106.7M
EPS (ttm)	A$0.04
P/E (trailing)	112.6x
P/E (forward)	38.1x
Dividend	A$0.21 (4.84%)
Volume	1,494
Beta	0.44

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 3.2B
Net income (ttm): 106.7M
EPS (ttm): A$0.04
P/E (trailing): 112.6x
P/E (forward): 38.1x
Market cap: 11.8B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 13:30 UTC

Forward P/E38.1

P25 n/aP50 n/aP75 n/a

Trailing P/E112.6

P25 n/aP50 n/aP75 n/a

ROE1.4

P25 n/aP50 n/aP75 n/a

ROIC1.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

S&P 500+0.6%

Nasdaq Composite-2.3%

Dow Jones Industrial Average+1.9%

Russell 2000+1.8%

All ASX/MEZ indicators

Market & fundamental data

Available fields

229

Groups with data

Currency

NZD

Showing 229 of 229 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	AUD
Country	New Zealand
Country code	AU
Earnings date	2026-11-25
Employees	936
Employees change	-49
Employees growth	-4.97%
Enterprise value	AUD 13B
Exchange	Australian Securities Exchange
Financial currency	NZD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	June
Founded	1998
Industry	Utilities - Renewable
Is primary listing	No
ISIN number	NZMELE0002S7
Last earnings date	2026-08-25
Last refreshed	2026-10-29
Market cap	AUD 11.8B
Next earnings date	2026-11-25
Price	AUD 4.43
Price currency	AUD
Sector	Utilities
SIC code	4911
Stock price date	2026-10-29
Symbol	asx/MEZ
Website	https://www.meridianenergy.co.nz

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	84.6x
Average P/E ratio (3Y)	230.93x
Average P/E ratio (5Y)	136.84x
Earnings yield	0.89%
EV/Earnings	122.79x
EV/EBIT	61.22x
EV/EBITDA	20.96x
EV/FCF	28.56x
EV/Sales	4.23x
FCF / EV yield	3.5%
FCF yield	3.86%
Forward P/E	38.11x
Graham number	1.66565
Graham upside	-62.74%
Lynch fair value	AUD 0.20
Lynch upside	-95.51%
P/B ratio	1.45x
P/E ratio	112.64x
P/FCF ratio	25.91x
P/OCF ratio	17.88x
P/S ratio	3.73x
Price / tangible book value	1.47x
Price/EBITDA ratio	18.83x
Sector forward P/E	19.55x
Sector P/E	23.16x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	6.59%
EBITDA margin	19.8%
Effective tax rate	18.75%
FCF margin	14.83%
Gross margin	35.31%
Operating margin	6.59%
Pretax margin	4.12%
Profit margin	3.35%
Profit per employee	AUD 102,304
Profitable years	1
Revenue per employee	AUD 3.1M
ROA	1%
ROA (5Y)	1.41%
ROCE	1.58%
ROE	1.38%
ROE (5Y)	2.44%
ROIC	1.42%
Tax / revenue	0.77%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth 10Y	-4.92%
EPS growth 3Y	10.28%
EPS growth 5Y	-16.92%
EPS growth quarters	2
EPS growth years	1
FCF growth	219.43%
FCF growth (Q)	28.38%
FCF growth (QoQ)	10.94%
FCF growth 3Y	42.54%
FCF growth 5Y	5.91%
Net income growth 3Y	11.02%
Net income growth 5Y	-16.46%
Net income growth quarters	2
Net income growth years	1
OCF growth	154.72%
OCF growth (Q)	76.87%
OCF growth (QoQ)	41.07%
OCF growth 10Y	6.28%
OCF growth 3Y	16.75%
OCF growth 5Y	11.1%
Revenue growth	-19.69%
Revenue growth (Q)	-27.33%
Revenue growth (QoQ)	-6.62%
Revenue growth 10Y	5.24%
Revenue growth 3Y	6.42%
Revenue growth 5Y	0.88%
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	AUD -206M
Depreciation and amortization	AUD 426.4M
EBIT	AUD 210.1M
EBITDA	AUD 631.2M
EPS	AUD 0.04
Financing cash flow	AUD 23M
Free cash flow	AUD 458.8M
Gross profit	AUD 1.1B
Income taxes	AUD 24.6M
Investing cash flow	AUD -368.5M
Net borrowing	AUD 323.6M
Net cash flow	AUD 319.3M
Net income	AUD 106.7M
Operating income	AUD 210.1M
Revenue	AUD 3.2B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	AUD 3.09
Debt / EBITDA	2.64
Debt / equity	0.2
Debt / FCF	3.64
Interest coverage	2.49
Long-term assets	AUD 13.2B
Long-term liabilities	AUD 5.2B
Net cash (debt)	AUD -1.3B
Net cash / market cap	-10.52%
Net debt / EBITDA	1.98
Net debt / equity	0.15
Net debt / FCF	2.72
Piotroski F-Score	5
Property, plant and equipment	AUD 12.4B
Shareholders' equity	AUD 8.2B
Tangible book value	AUD 8.1B
Tangible book value per share	AUD 3.05
Total assets	AUD 14.1B
Total cash	AUD 420.2M
Total debt	AUD 1.7B
Total liabilities	AUD 5.9B
WACC	6.36%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.24
Current assets	AUD 847.2M
Current liabilities	AUD 738M
Current ratio	1.15
Net working capital	AUD -162.5M
Quick ratio	0.93
Working capital	AUD 112.4M
Working capital turnover	-29.24

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-1.15%
Dividend growth	-0.07%
Dividend growth (10Y)	1.19%
Dividend growth (3Y)	4.37%
Dividend growth (5Y)	3.12%
Dividend growth years	0
Dividend payment date	2026-09-22
Dividend payment years	13
Dividend payout frequency	Semi-Annual
Dividend per share	AUD 0.21
Dividend yield	4.84%
Ex-dividend date	2026-09-03
Last dividend	AUD 0.15
Payout ratio	289.23%
Shareholder yield	3.64%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	81.56%
10Y return CAGR	11.43%
10Y total return	195.1%
150-day SMA	AUD 4.61
1D price change	-0.89%
1M price change	-2.21%
1M total return	-2.21%
1W price change	-3.49%
1W total return	-3.49%
1Y price change	-14.15%
1Y return CAGR	-9.94%
1Y total return	-9.94%
20-day SMA	AUD 4.46
200-day SMA	AUD 4.64
3M price change	-7.71%
3M total return	-4.43%
3Y price change	0.23%
3Y return CAGR	4.5%
3Y total return	14.13%
50-day SMA	AUD 4.43
50-day SMA vs 200-day SMA	50under200
52-week high	AUD 5.27
52-week high date	2025-11-04
52-week low	AUD 4.20
52-week low date	2026-09-11
5Y price change	-7.13%
5Y return CAGR	2.71%
5Y total return	14.28%
6M price change	-2.42%
6M total return	1.04%
All-time high	AUD 9.33
All-time high date	2021-01-07
All-time low	AUD 0.82
All-time low date	2013-12-04
Average true range (ATR)	AUD 0.13
Average volume	11.4K
Beta (5Y)	0.44
Change from 52-week high	-15.94%
Change from 52-week low	5.48%
Change from all-time high	-52.52%
Change from all-time low	440.24%
Change from open	-1.77%
Day's gap	0.89%
Dollar volume	AUD 6,618
High price	AUD 4.51
Low price	AUD 4.39
Monthly RSI	38.04
Open price	AUD 4.51
Position in 52-week range	33.33%
Previous close	AUD 4.47
Price vs 150-day SMA	-3.97%
Price vs 20-day SMA	-0.56%
Price vs 200-day SMA	-4.57%
Price vs 50-day SMA	-0.07%
Relative volume	0.13
RSI	48.3
Sharpe ratio	-0.29
Sharpe ratio (3Y)	0.18
Sharpe ratio (5Y)	0.16
Sortino ratio	-0.23
Sortino ratio (3Y)	0.43
Sortino ratio (5Y)	0.39
Volume	1.5K
Weekly RSI	44.08
YTD price change	-9.59%
YTD total return	-5.16%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1.3B
Shares change (QoQ)	0.37%
Shares change (YoY)	1.15%
Shares held by insiders	0.06%
Shares held by institutions	12.69%

Deeper analysis on ASX/MEZ

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this ASX/MEZ report

Is a complete ASX/MEZ research report available?

No complete published report is available for asx/MEZ (ASX/MEZ) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

11.8B

Revenue (ttm)

3.2B

Net income (ttm)

106.7M

EPS (ttm)

A$0.04

P/E (trailing)

112.6x

P/E (forward)

38.1x

Dividend

A$0.21 (4.84%)

Volume

1,494

Beta

0.44

Metric

Value

Amount currency

AUD

Country

New Zealand

Country code

Earnings date

2026-11-25

Employees

936

Employees change

-49

Employees growth

-4.97%

Enterprise value

AUD 13B

Exchange

Australian Securities Exchange

Financial currency

NZD

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

June

Founded

1998

Industry

Utilities - Renewable

Is primary listing

ISIN number

NZMELE0002S7

Last earnings date

2026-08-25

Last refreshed

2026-10-29

Market cap

AUD 11.8B

Next earnings date

2026-11-25

Price

AUD 4.43

Price currency

AUD

Sector

Utilities

SIC code

4911

Stock price date

2026-10-29

Symbol

asx/MEZ

Website

https://www.meridianenergy.co.nz

Metric

Value

Average P/E ratio (10Y)

84.6x

Average P/E ratio (3Y)

230.93x

Average P/E ratio (5Y)

136.84x

Earnings yield

0.89%

EV/Earnings

122.79x

EV/EBIT

61.22x

EV/EBITDA

20.96x

EV/FCF

28.56x

EV/Sales

4.23x

FCF / EV yield

3.5%

FCF yield

3.86%

Forward P/E

38.11x

Graham number

1.66565

Graham upside

-62.74%

Lynch fair value

AUD 0.20

Lynch upside

-95.51%

P/B ratio

1.45x

P/E ratio

112.64x

P/FCF ratio

25.91x

P/OCF ratio

17.88x

P/S ratio

3.73x

Price / tangible book value

1.47x

Price/EBITDA ratio

18.83x

Sector forward P/E

19.55x

Sector P/E

23.16x

Metric

Value

EBIT margin

6.59%

EBITDA margin

19.8%

Effective tax rate

18.75%

FCF margin

14.83%

Gross margin

35.31%

Operating margin

6.59%

Pretax margin

4.12%

Profit margin

3.35%

Profit per employee

AUD 102,304

Profitable years

Revenue per employee

AUD 3.1M

ROA

ROA (5Y)

1.41%

ROCE

1.58%

ROE

1.38%

ROE (5Y)

2.44%

ROIC

1.42%

Tax / revenue

0.77%

Metric

Value

EPS growth 10Y

-4.92%

EPS growth 3Y

10.28%

EPS growth 5Y

-16.92%

EPS growth quarters

EPS growth years

FCF growth

219.43%

FCF growth (Q)

28.38%

FCF growth (QoQ)

10.94%

FCF growth 3Y

42.54%

FCF growth 5Y

5.91%

Net income growth 3Y

11.02%

Net income growth 5Y

-16.46%

Net income growth quarters

Net income growth years

OCF growth

154.72%

OCF growth (Q)

76.87%

OCF growth (QoQ)

41.07%

OCF growth 10Y

6.28%

OCF growth 3Y

16.75%

OCF growth 5Y

11.1%

Revenue growth

-19.69%

Revenue growth (Q)

-27.33%

Revenue growth (QoQ)

-6.62%

Revenue growth 10Y

5.24%

Revenue growth 3Y

6.42%

Revenue growth 5Y

0.88%

Revenue growth years

Metric

Value

Capital expenditures

AUD -206M

Depreciation and amortization

AUD 426.4M

EBIT

AUD 210.1M

EBITDA

AUD 631.2M

EPS

AUD 0.04

Financing cash flow

AUD 23M

Free cash flow

AUD 458.8M

Gross profit

AUD 1.1B

Income taxes

AUD 24.6M

Investing cash flow

AUD -368.5M

Net borrowing

AUD 323.6M

Net cash flow

AUD 319.3M

Net income

AUD 106.7M

Operating income

AUD 210.1M

Revenue

AUD 3.2B

Metric

Value

Book value per share

AUD 3.09

Debt / EBITDA

2.64

Debt / equity

0.2

Debt / FCF

3.64

Interest coverage

2.49

Long-term assets

AUD 13.2B

Long-term liabilities

AUD 5.2B

Net cash (debt)

AUD -1.3B

Net cash / market cap

-10.52%

Net debt / EBITDA

1.98

Net debt / equity

0.15

Net debt / FCF

2.72

Piotroski F-Score

Property, plant and equipment

AUD 12.4B

Shareholders' equity

AUD 8.2B

Tangible book value

AUD 8.1B

Tangible book value per share

AUD 3.05

Total assets

AUD 14.1B

Total cash

AUD 420.2M

Total debt

AUD 1.7B

Total liabilities

AUD 5.9B

WACC

6.36%

Metric

Value

Asset turnover

0.24

Current assets

AUD 847.2M

Current liabilities

AUD 738M

Current ratio

1.15

Net working capital

AUD -162.5M

Quick ratio

0.93

Working capital

AUD 112.4M

Working capital turnover

-29.24

Metric

Value

Buyback yield / dilution

-1.15%

Dividend growth

-0.07%

Dividend growth (10Y)

1.19%

Dividend growth (3Y)

4.37%

Dividend growth (5Y)

3.12%

Dividend growth years

Dividend payment date

2026-09-22

Dividend payment years

Dividend payout frequency

Semi-Annual

Dividend per share

AUD 0.21

Dividend yield

4.84%

Ex-dividend date

2026-09-03

Last dividend

AUD 0.15

Payout ratio

289.23%

Shareholder yield

3.64%

Metric

Value

10Y price change

81.56%

10Y return CAGR

11.43%

10Y total return

195.1%

150-day SMA

AUD 4.61

1D price change

-0.89%

1M price change

-2.21%

1M total return

-2.21%

1W price change

-3.49%

1W total return

-3.49%

1Y price change

-14.15%

1Y return CAGR

-9.94%

1Y total return

-9.94%

20-day SMA

AUD 4.46

200-day SMA

AUD 4.64

3M price change

-7.71%

3M total return

-4.43%

3Y price change

0.23%

3Y return CAGR

4.5%

3Y total return

14.13%

50-day SMA

AUD 4.43

50-day SMA vs 200-day SMA

50under200

52-week high

AUD 5.27

52-week high date

2025-11-04

52-week low

AUD 4.20

52-week low date

2026-09-11

5Y price change

-7.13%

5Y return CAGR

2.71%

5Y total return

14.28%

6M price change

-2.42%

6M total return

1.04%

All-time high

AUD 9.33

All-time high date

2021-01-07

All-time low

AUD 0.82

All-time low date

2013-12-04

Average true range (ATR)

AUD 0.13

Average volume

11.4K

Beta (5Y)

0.44

Change from 52-week high

-15.94%

Change from 52-week low

5.48%

Change from all-time high

-52.52%

Change from all-time low

440.24%

Change from open

-1.77%

Day's gap

0.89%

Dollar volume

AUD 6,618

High price

AUD 4.51

Low price

AUD 4.39

Monthly RSI

38.04

Open price

AUD 4.51

Position in 52-week range

33.33%

Previous close

AUD 4.47

Price vs 150-day SMA

-3.97%

Price vs 20-day SMA

-0.56%

Price vs 200-day SMA

-4.57%

Price vs 50-day SMA

-0.07%

Relative volume

0.13

RSI

48.3

Sharpe ratio

-0.29

Sharpe ratio (3Y)

0.18

Sharpe ratio (5Y)

0.16

Sortino ratio

-0.23

Sortino ratio (3Y)

0.43

Sortino ratio (5Y)

0.39

Volume

1.5K

Weekly RSI

44.08

YTD price change

-9.59%

YTD total return

-5.16%

Metric

Value

Float

1.3B

Shares change (QoQ)

0.37%

Shares change (YoY)

1.15%

Shares held by insiders

0.06%

Shares held by institutions

12.69%

ASX/MEZ (ASX/MEZ)

Price

Financial snapshot

Fair-value bridge

Latest news · ASX/MEZ

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All ASX/MEZ indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ASX/MEZ

Frequently asked questions

ASX/MEZ (ASX/MEZ)

Price

Financial snapshot

Fair-value bridge

Latest news · ASX/MEZ

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All ASX/MEZ indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ASX/MEZ

Frequently asked questions