Meridian Energy Ltd
NZX:MEL
Intrinsic Value
Meridian Energy Ltd. engages in the generation and distribution of electricity from renewable resources. [ Read More ]
The intrinsic value of one
MEL
stock under the Base Case scenario is
6.074
NZD.
Compared to the current market price of 5.925 NZD,
Meridian Energy Ltd
is
Undervalued by 2%.
Meridian Energy Ltd's market capitalization is 15.3B NZD.
MEL stock price is 5.925 NZD.
MEL stock price (5.925 NZD) is 2% less than its Intrinsic Value (6.074 NZD).
MEL stock price (5.925 NZD) is 23% less than its Relative Value (7.722 NZD). Open Relative Valuation
MEL has downside potential of 3% compared to the average analyst price target.
Open Wall St Estimates
MEL has positive Net Income for the last twelve months.
MEL has positive Operating Income for the last twelve months.
MEL's Revenue has grown by 5% over the past 12 months.
MEL's ROIC (Return on Invested Capital) has decreased in the last 3 years from 3% to 1%.
MEL's ROE (Return on Equity) has decreased in the last 3 years from 4% to 1%.
MEL's Revenue has been growing by 5% per year for the last 3 years.
MEL's short-term liabilties (1B NZD) exceed its short-term assets (959m NZD).
MEL has positive three-year average ROE (Return on Equity): 7%. The company is efficient at transforming stockholders' equity into net income.
MEL's Revenue is forecast to grow at a rate of 11% per year over the next 3 years.
MEL's ROE (Return on Equity) for the past 12 months is very low and is equal to 1%.
MEL's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 1%.
MEL has positive Gross Profit for the last twelve months.
MEL has positive Free Cash Flow for the last twelve months.
MEL's Altman Z-Score is equal to 2.15.
MEL has a very low three-year average ROIC (Return on Invested Capital): 3%. The company is not efficient at using invested capital to generate operating income.
MEL's long-term assets (10B NZD) exceed its long-term liabilties (4B NZD).
MEL has positive Net Debt. This means that the company has more debt (1B NZD) than cash and short-term investments (221m NZD).
MEL's D/E (Debt to Equity) is very low and is equal to 0.18.
MEL doesn't generate enough operating income (170m NZD) to safely cover interest payments on its debt (-70m NZD).
Valuation Backtest
Meridian Energy Ltd
Run backtest to discover the historical profit from buying and selling
MEL
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Meridian Energy Ltd
Balance Sheet Decomposition
Meridian Energy Ltd
| Current Assets | 959m |
| Cash & Short-Term Investments | 221m |
| Receivables | 471m |
| Other Current Assets | 267m |
| Non-Current Assets | 9.2B |
| PP&E | 9B |
| Intangibles | 80m |
| Other Non-Current Assets | 129m |
| Current Liabilities | 1B |
| Accounts Payable | 499m |
| Accrued Liabilities | 15m |
| Other Current Liabilities | 507m |
| Non-Current Liabilities | 3.3B |
| Long-Term Debt | 1B |
| Other Non-Current Liabilities | 2.3B |
Earnings Waterfall
Meridian Energy Ltd
|
Revenue
|
3.8B
NZD
|
|
Cost of Revenue
|
-2.7B
NZD
|
|
Gross Profit
|
1.1B
NZD
|
|
Operating Expenses
|
-910m
NZD
|
|
Operating Income
|
170m
NZD
|
|
Other Expenses
|
-85m
NZD
|
|
Net Income
|
85m
NZD
|
Free Cash Flow Analysis
Meridian Energy Ltd
MEL Profitability Score
Profitability Due Diligence
Meridian Energy Ltd's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
Score
Meridian Energy Ltd's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
MEL Solvency Score
Solvency Due Diligence
Meridian Energy Ltd's solvency score is 41/100. The higher the solvency score, the more solvent the company is.
Score
Meridian Energy Ltd's solvency score is 41/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
MEL Price Targets Summary
Meridian Energy Ltd
According to Wall Street analysts, the average 1-year price target for
MEL
is 5.741 NZD
with a low forecast of 5.05 NZD and a high forecast of 6.825 NZD.
Shareholder Return
MEL Price
Meridian Energy Ltd
| Average Annual Return | 17.73% |
| Standard Deviation of Annual Returns | 49.09% |
| Max Drawdown | -52% |
| Market Capitalization | 15.3B NZD |
| Shares Outstanding | 2 588 590 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Meridian Energy Ltd
Country
Industry
Market Cap
Dividend Yield
Description
Meridian Energy Ltd. engages in the generation and distribution of electricity from renewable resources. The firm is engaged in the business of generation, trading and retailing of electricity, and the sale of complementary products and services. The firm operates through three segments: Wholesale, Retail and International. The Wholesale segment includes activity associated with its New Zealand generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The Retail segment includes activity associated with retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. The International segment includes activity associated with its generation of electricity and sale into the wholesale electricity market and licensing of the Powershop platform in the United Kingdom. The firm supplies electricity to power homes, businesses and farms.
Contact
IPO
Employees
Officers
The intrinsic value of one
MEL
stock under the Base Case scenario is
6.074
NZD.
Compared to the current market price of 5.925 NZD,
Meridian Energy Ltd
is
Undervalued by 2%.
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