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1 Comment
Meridian Energy Limited is currently in a long term downtrend where the price is trading 13.4% below its 200 day moving average.
From a valuation standpoint, the stock is 87.8% cheaper than other stocks from the Utilities sector with a price to sales ratio of 3.8.
Meridian Energy Limited's total revenue rose by 5.0% to $2B since the same quarter in the previous year.
Its net income has increased by 18.8% to $227M since the same quarter in the previous year.
Finally, its free cash flow fell by 16.7% to $82M since the same quarter in the previous year.
Based on the above factors, Meridian Energy Limited gets an overall score of 3/5.
CurrencyCode | AUD |
---|---|
Exchange | AU |
ISIN | NZMELE0002S7 |
Industry | Utilities-Renewable |
Sector | Utilities |
Beta | 0.63 |
---|---|
Target Price | None |
PE Ratio | 26.33 |
Dividend Yield | 3.2% |
Market Cap | 12B |
Meridian Energy Limited engages in the generation, trading, and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. As of June 30, 2022, it generates electricity through 7 hydro stations that has a capacity of 2,353 MW; 5 wind farms that has a capacity of 416 MW; and solar farms. The company also provides management, insurance, financing, professional, trustee, and software development services; and licenses Flux developed electricity and gas retailing platform, as well as offers solar installation services. It sells electricity under the Meridian Energy and Powershop brands. The company was formerly known as Hydro Energy Limited and changed its name to Meridian Energy Limited in March 1999. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.
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