Mercury NZ Limited
Research Mercury NZ Limited (MCY.AX) on Bullrun: market cap AUD 7.83B, P/E 27.2, dividend yield 4.0%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMCY.AX
- ExchangeAU
- CountryNew Zealand
- SectorUtilities
- IndustryUtilities - Renewable
- CurrencyAUD
- Market capAUD 7.83B
- P/E27.2
- Dividend yield4.0%
- Financial periodFY2026
- RevenueNZD 3.22B
- Revenue growth-7.8%
- Net incomeNZD 321.00M
- Free cash flowNZD 53.00M
- Gross margin44.7%
Valuation Snapshot
latest market cap is AUD 7.83B; P/E is 27.2; dividend yield is 4.0%.
Peer valuation comparison
Latest P/E is 27.25x versus a Utilities sector median of 16.16x (68.6% above).
Latest dividend yield is 4.03% versus a Utilities sector median of 3.4% (18.5% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2026 | NZD 3.22B | NZD 321.00M | NZD 53.00M | 44.7% | 0.23 | NZD 77.00M | NZD 2.47B | NZD 5.26B |
| FY2025 | NZD 3.50B | NZD 1.00M | NZD 16.00M | 28.0% | 0 | NZD 86.00M | NZD 2.28B | NZD 4.90B |
| FY2024 | NZD 3.43B | NZD 290.00M | NZD 278.00M | 32.4% | 0.21 | NZD 44.00M | NZD 1.94B | NZD 4.85B |
| FY2023 | NZD 2.73B | NZD 103.00M | NZD 281.00M | 43.1% | 0.07 | NZD 75.00M | NZD 1.90B | NZD 4.85B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-17 | AUD 7.83B | 27.2 | 4.0% | 0.22 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.22 AUD, yield 4.0%.
| Year | Dividends/share |
|---|---|
| FY2026 | 0.22 NZD |
| FY2025 | 0.22 NZD |
| FY2024 | 0.21 NZD |
| FY2023 | 0.2 NZD |
| FY2022 | 0.18 NZD |
About Mercury NZ Limited
Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity and related activities in New Zealand. The company operates through Generation/Wholesale, Customer, and Other segments. It operates nine hydro power stations with total of 4,452 GWh hydro generation; five geothermal stations with total of 2,622 GWh geothermal generation; and five wind stations with total of 1,995 GWh wind generation.
ETFs that hold Mercury NZ Limited
Mercury NZ Limited is one of the ten largest holdings of one ETF that investors in Europe can buy:
| ETF | Weight | TER |
|---|---|---|
| Global X Renewable Energy Producers UCITS ETF USD Acc | 4.95% | 0.50% |
Related stock research
Other Utilities stocks
Frequently asked questions
What is Mercury NZ Limited's market cap?
Mercury NZ Limited's market capitalization is AUD 7.83B.
What is Mercury NZ Limited's P/E ratio?
Mercury NZ Limited's price-to-earnings (P/E) ratio is 27.2.
Does Mercury NZ Limited pay a dividend?
Mercury NZ Limited has a dividend yield of 4.0%.
What does Mercury NZ Limited do?
Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity and related activities in New Zealand. The company operates through Generation/Wholesale, Customer, and Other segments. It operates nine hydro power stations with total of 4,452 GWh hydro generation; five geothermal stations with total of 2,622 GWh geothermal generation; and five wind stations with total of 1,995 GWh wind generation. The company also provides its multi-product utility services to residential, small-to medium-sized business, industrial, and wholesale customers.