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Meridian Energy Ltd
NZX:MEL

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Meridian Energy Ltd
NZX:MEL
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Price: 6.1 NZD 1.5% Market Closed
Updated: May 4, 2024
Section:
 

Relative Value

The Relative Value of one MEL stock under the Base Case scenario is 7.72 NZD. Compared to the current market price of 6.1 NZD, Meridian Energy Ltd is Undervalued by 21%.

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.

MEL Relative Value
Base Case
7.72 NZD
Undervaluation 21%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

4.1
P/S
P/S
Price to Sales
4.1
vs History
14
vs Industry
18
Median 3Y
3.7
Median 5Y
3.3
Industry
1.7
Forward
3.6
More Details
185.4
P/E
P/E
Price to Earnings
185.4
vs History
0
vs Industry
1
Median 3Y
35.1
Median 5Y
35.5
Industry
16
Forward
41.9
More Details
28.8
P/OCF
P/OCF
Price to OCF
28.8
vs History
11
vs Industry
8
Median 3Y
26.9
Median 5Y
26.1
Industry
7.7
More Details
30.8
P/FCFE
P/FCFE
Price to FCFE
30.8
vs History
9
vs Industry
13
Median 3Y
26.1
Median 5Y
20.8
Industry
13.4
More Details
2.7
P/B
P/B
Price to Book Value
2.7
vs History
7
vs Industry
17
Median 3Y
2.3
Median 5Y
2.3
Industry
1.4
More Details
4.4
EV/S
EV/S
Enterprise Value to Sales
4.4
vs History
19
vs Industry
30
Median 3Y
3.9
Median 5Y
3.8
Industry
2.8
Forward
3.8
More Details
15.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
15.3
vs History
31
vs Industry
19
Median 3Y
14.9
Median 5Y
14.4
Industry
7.5
More Details
97.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
97.5
vs History
3
vs Industry
2
Median 3Y
30.6
Median 5Y
24.1
Industry
10.7
Forward
19.4
More Details
97.5
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
97.5
vs History
3
vs Industry
3
Median 3Y
30.6
Median 5Y
24.1
Industry
15
Forward
30.6
More Details
30.3
EV/OCF
EV/OCF
Enterprise Value to OCF
30.3
vs History
17
vs Industry
11
Median 3Y
28.6
Median 5Y
27.9
Industry
11.5
More Details
84.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
84.6
vs History
3
vs Industry
6
Median 3Y
47.8
Median 5Y
43.8
Industry
15.8
More Details
1.7
EV/IC
EV/IC
Enterprise Value to IC
1.7
vs History
4
vs Industry
15
Median 3Y
1.6
Median 5Y
1.5
Industry
0.9
More Details

Multiples Across Competitors

MEL Competitors Multiples
Meridian Energy Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NZ
Meridian Energy Ltd
NZX:MEL
15.8B NZD 4.1 185.4 97.5 97.5
CN
China Yangtze Power Co Ltd
SSE:600900
631B CNY 9.2 26.4 25.6 25.6
ID
Barito Renewables Energy PT Tbk
IDX:BREN
1 321.1T IDR 145.4 909.2 198.1 198.1
IN
Adani Green Energy Ltd
NSE:ADANIGREEN
2.9T INR 30.7 195.7 44.5 57.5
CN
Huaneng Lancang River Hydropower Inc
SSE:600025
172.1B CNY 7.7 25.8 21.8 21.8
CN
China Three Gorges Renewables Group Co Ltd
SSE:600905
134.2B CNY 5.2 20.9 22.3 22.3
CN
China Longyuan Power Group Corp Ltd
HKEX:916
121.9B HKD 3 19 16.5 16.5
ES
EDP Renovaveis SA
ELI:EDPR
13B EUR 3.6 15.6 10.2 10.2
IN
NHPC Ltd
NSE:NHPC
997B INR 10.2 26.8 24.9 32.9
CN
Sichuan Chuantou Energy Co Ltd
SSE:600674
74.7B CNY 48 16.8 226 226
BM
Brookfield Renewable Partners LP
TSX:BEP.UN
10.1B CAD 1.5 -81.5 9.4 20.9

See Also

Summary
MEL intrinsic value, competitors valuation, and company profile.
DCF Valuation
MEL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MEL stock valuation using valuation multiples.
Wall Street Estimates
MEL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MEL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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