Meridian Energy Limited engages in the generation and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. The company generates electricity through 7 hydro stations; 8 wind farms; and 100MW battery energy storage system, as well as grid-scale solar array. It sells electricity under the Meridian Energy and Powershop brands. It also offers solar installation, software development, professional, and insurance services. The company was formerly known as Hydro Energy Limited. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.
Metrics to compare | MEZ | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipMEZPeersSector | |
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P/E Ratio | −33.0x | 15.6x | 11.9x | |
PEG Ratio | 0.16 | −0.12 | 0.02 | |
Price/Book | 1.7x | 1.1x | 1.3x | |
Price / LTM Sales | 3.1x | 1.9x | 1.5x | |
Upside (Analyst Target) | 7.7% | 9.5% | 13.1% | |
Fair Value Upside | Unlock | 12.5% | 3.3% | Unlock |