Mercury NZ Ltd
ASX:MCY

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Mercury NZ Ltd
ASX:MCY
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Price: 5.42 AUD 4.23% Market Closed
Market Cap: AU$7.6B

Relative Value

The Relative Value of one MCY stock under the Base Case scenario is 8 AUD. Compared to the current market price of 5.42 AUD, Mercury NZ Ltd is Undervalued by 32%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MCY Relative Value
Base Case
8 AUD
Undervaluation 32%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

MCY Competitors Multiples
Mercury NZ Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NZ
Mercury NZ Ltd
ASX:MCY
9.2B AUD 2.7 104.8 25.5 25.5
US
Nextera Energy Inc
NYSE:NEE
186.4B USD 6.8 27.3 18.4 34.4
ES
Iberdrola SA
MAD:IBE
123.5B EUR 2.7 19.6 9.8 15.9
US
Constellation Energy Corp
NASDAQ:CEG
102.1B USD 3.4 38 18.9 34.8
IT
Enel SpA
MIL:ENEL
92B EUR 0.8 9.1 5.4 7.6
US
Southern Co
NYSE:SO
102.6B USD 3.5 23.6 12.7 23.2
US
Duke Energy Corp
NYSE:DUK
98.7B USD 3.1 20.1 11.1 21.1
US
American Electric Power Company Inc
NASDAQ:AEP
68B USD 3.1 19 12.8 21
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Xcel Energy Inc
NASDAQ:XEL
47.9B USD 3.3 23.7 14.2 29.5
US
Exelon Corp
NASDAQ:EXC
47.5B USD 2 17.2 10.9 18.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NZ
Mercury NZ Ltd
ASX:MCY
Average EV/EBITDA: 14
25.5
39%
0.7
US
Nextera Energy Inc
NYSE:NEE
18.4
15%
1.2
ES
Iberdrola SA
MAD:IBE
9.8
4%
2.5
US
Constellation Energy Corp
NASDAQ:CEG
18.9
23%
0.8
IT
Enel SpA
MIL:ENEL
5.4
7%
0.8
US
Southern Co
NYSE:SO
12.7
10%
1.3
US
Duke Energy Corp
NYSE:DUK
11.1
5%
2.2
US
American Electric Power Company Inc
NASDAQ:AEP
12.8
11%
1.2
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Xcel Energy Inc
NASDAQ:XEL
14.2
16%
0.9
US
Exelon Corp
NASDAQ:EXC
10.9
8%
1.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NZ
Mercury NZ Ltd
ASX:MCY
Average EV/EBIT: 23.2
25.5
15%
1.7
US
Nextera Energy Inc
NYSE:NEE
34.4
25%
1.4
ES
Iberdrola SA
MAD:IBE
15.9
6%
2.6
US
Constellation Energy Corp
NASDAQ:CEG
34.8
36%
1
IT
Enel SpA
MIL:ENEL
7.6
7%
1.1
US
Southern Co
NYSE:SO
23.2
14%
1.7
US
Duke Energy Corp
NYSE:DUK
21.1
9%
2.3
US
American Electric Power Company Inc
NASDAQ:AEP
21
12%
1.8
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Xcel Energy Inc
NASDAQ:XEL
29.5
22%
1.3
US
Exelon Corp
NASDAQ:EXC
18.6
8%
2.3
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett