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MarketScreener Homepage  >  Equities  >  New Zealand Stock Exchange  >  Meridian Energy Limited    MEL   NZMELE0002S7

MERIDIAN ENERGY LIMITED

(MEL)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
Summary
  • The company usually posts poor financials for mid or long term investments.
  • The company has solid fundamentals for a short-term investment strategy.
Strengths
  • Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
  • Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
  • The stock is in a well-established, long-term rising trend above the technical support level at 6.3 NZD
Weaknesses
  • As estimated by analysts, this group is among those businesses with the lowest growth prospects.
  • The group shows a rather high level of debt in proportion to its EBITDA.
  • Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
  • With an enterprise value anticipated at 6.43 times the sales for the current fiscal year, the company turns out to be overvalued.
  • With an expected P/E ratio at 80.35 and 79.2 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
  • Most analysts agree on a negative opinion with regard to the stock. Indeed, the average consensus issues recommendations to underperform or sell.
  • The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
Ratings chart
Sector Electric Utilities - NEC
1st jan.Capitalisation (M$)Investor Rating
MERIDIAN ENERGY LIMITED8.89%14 848
NEXTERA ENERGY9.15%164 974
ENEL S.P.A.0.83%103 242
IBERDROLA, S.A.-0.34%86 962
ORSTED A/S0.80%86 171
DUKE ENERGY CORPORATION-1.39%66 450
SOUTHERN COMPANY-2.52%63 522
DOMINION ENERGY, INC.-3.87%58 976
EXELON CORPORATION0.76%41 501
AMERICAN ELECTRIC POWER COM..-1.43%40 744
XCEL ENERGY-2.86%34 029
VERBUND14.89%33 938
EVERSOURCE ENERGY1.04%29 966
PUBLIC SERVICE ENTERPRISE G..0.09%29 521
ENDESA, S.A.-1.92%28 251
WEC ENERGY GROUP-4.56%27 563
More Results
Financials
Sales 2021 3 457 M 2 482 M 2 482 M
Net income 2021 259 M 186 M 186 M
Net Debt 2021 1 523 M 1 093 M 1 093 M
P/E ratio 2021 80,4x
Yield 2021 2,18%
Capitalization 20 700 M 14 848 M 14 861 M
EV / Sales 2021 6,43x
EV / Sales 2022 6,90x
Nbr of Employees 1 031
Free-Float 48,9%
Upcoming event on MERIDIAN ENERGY LIMITED
Notations Surperformance©
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Fundamental ratings
Overall rating
Trading Rating
Investor Rating
Growth (Revenue)
Valuation
Finances
Profitability
Earnings quality
Business Predictability
P/E ratio
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Consensus
7 days EPS revision
4 months EPS revision
1 year EPS revision
4 months Revenue revision
1 year Revenue revision
Technical ratings
Short Term Timing
Middle Term Timing
Long Term Timing
RSI
Bollinger Spread
Unusual Volumes