Meridian Energy Ltd
Research Meridian Energy Ltd (MEZ) on Bullrun: market cap AUD 11.69B, P/E 110.0, dividend yield 1.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMEZ
- ExchangeAU
- CountryNew Zealand
- SectorUtilities
- IndustryUtilities - Renewable
- CurrencyAUD
- Market capAUD 11.69B
- P/E110.0
- Dividend yield1.2%
- Financial periodFY2025
- RevenueNZD 4.79B
- Revenue growth-0.8%
- Net income-NZD 452.00M
- Free cash flowNZD 134.00M
- Gross margin100.0%
Valuation Snapshot
latest market cap is AUD 11.69B; P/E is 110.0; dividend yield is 1.2%.
Peer valuation comparison
Latest P/E is 110x versus a Utilities sector median of 17.4x (532.1% above).
Latest dividend yield is 1.17% versus a Utilities sector median of 3.57% (67.2% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | NZD 4.79B | -NZD 452.00M | NZD 134.00M | 100.0% | -0.17 | NZD 123.00M | NZD 1.57B | NZD 8.92B |
| FY2024 | NZD 4.83B | NZD 429.00M | NZD 332.00M | 100.0% | n/a | NZD 221.00M | NZD 1.38B | NZD 8.25B |
| FY2023 | NZD 3.20B | NZD 95.00M | NZD 180.00M | 100.0% | 0.04 | NZD 212.00M | NZD 1.26B | NZD 5.99B |
| FY2022 | NZD 3.69B | NZD 451.00M | NZD 289.00M | 100.0% | 0.18 | NZD 363.00M | NZD 1.20B | NZD 5.52B |
| FY2021 | n/a | n/a | n/a | n/a | 0.17 | n/a | n/a | n/a |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-13 | AUD 11.69B | 110.0 | 4.0% | 0.18 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.18 AUD, yield 1.2%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.18 NZD |
| FY2024 | 0.19 NZD |
| FY2023 | 0.16 NZD |
| FY2022 | 0.15 NZD |
| FY2021 | 0.16 NZD |
About Meridian Energy Ltd
Meridian Energy Limited engages in the renewable electricity generation and retail business to residential, business, and industrial customers in New Zealand. The company generates electricity through 7 hydro power stations; 8 wind farms; and 100MW battery energy storage system, as well as solar array. It sells electricity under the Meridian and Powershop brands. It also offers EV charging solutions;
Related stock research
Other Utilities stocks
Frequently asked questions
What is Meridian Energy Ltd's market cap?
Meridian Energy Ltd's market capitalization is AUD 11.69B.
What is Meridian Energy Ltd's P/E ratio?
Meridian Energy Ltd's price-to-earnings (P/E) ratio is 110.0.
Does Meridian Energy Ltd pay a dividend?
Meridian Energy Ltd has a dividend yield of 1.2%.
What does Meridian Energy Ltd do?
Meridian Energy Limited engages in the renewable electricity generation and retail business to residential, business, and industrial customers in New Zealand. The company generates electricity through 7 hydro power stations; 8 wind farms; and 100MW battery energy storage system, as well as solar array. It sells electricity under the Meridian and Powershop brands. It also offers EV charging solutions; and software development, professional, and insurance services, as well as act as a licence holder and non-trading entity. The company was formerly known as Hydro Energy Limited.