reports
Meridian Energy Ltd: 1 director
A director at Meridian Energy Ltd sold 40,000 shares at 5.076NZD and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...
An unfavourable environment weighs on MERIDIAN ENERGY, which sees a do...
The independent financial analyst theScreener just requalified the general evaluation of MERIDIAN ENERGY (NZ), active in the Conventional Electricity industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date January 28, 2022, the closing p...
- Adrian Atkins
Morningstar | MEZ Updated Star Rating from 15 Jul 2019
Narrow-moat Meridian finished fiscal 2019 in style. Based on the firm’s monthly operating statistics, we estimate fiscal 2019 EBITDA is up 25% on last year to NZD 831 million. This is a fantastic result, driven primarily by strong growth in hydroelectric volumes, wholesale electricity prices, commercial and industrial revenue and retail customer connections. Looking forward, earnings are likely to fall around 7% in fiscal 2020 on normalisation of rainfall and lower wholesale electricity prices...
- Adrian Atkins
Morningstar | Meridian’s Good Run Continues; FVE up 3% to NZD 3.60
Narrow-moat Meridian finished fiscal 2019 in style. Based on the firm’s monthly operating statistics, we estimate fiscal 2019 EBITDA is up 25% on last year to NZD 831 million. This is a fantastic result, driven primarily by strong growth in hydroelectric volumes, wholesale electricity prices, commercial and industrial revenue and retail customer connections. Looking forward, earnings are likely to fall around 7% in fiscal 2020 on normalisation of rainfall and lower wholesale electricity prices...
- Adrian Atkins
Morningstar | Meridian’s Good Run Continues; FVE up 3% to NZD 3.60
Narrow-moat Meridian finished fiscal 2019 in style. Based on the firm’s monthly operating statistics, we estimate fiscal 2019 EBITDA is up 25% on last year to NZD 831 million. This is a fantastic result, driven primarily by strong growth in hydroelectric volumes, wholesale electricity prices, commercial and industrial revenue and retail customer connections. Looking forward, earnings are likely to fall around 7% in fiscal 2020 on normalisation of rainfall and lower wholesale electricity prices...
- Adrian Atkins
Morningstar | Stronger Wholesale Prices and Hydro Generation Driving E...
Meridian Energy is a vertically integrated renewable electricity generator, accounting for a third of New Zealand's total electricity output. The firm enjoys a strong competitive position, and we rate it as having a narrow economic moat as a result of cost advantages and barriers to entry. Accordingly, we expect Meridian Energy and the other incumbent energy providers to generate solid returns above the cost of capital in the long term. That said, from time to time, Meridian will be affected by ...
- Adrian Atkins
Morningstar | Stronger Wholesale Prices and Hydro Generation Driving E...
Meridian Energy is a vertically integrated renewable electricity generator, accounting for a third of New Zealand's total electricity output. The firm enjoys a strong competitive position, and we rate it as having a narrow economic moat as a result of cost advantages and barriers to entry. Accordingly, we expect Meridian Energy and the other incumbent energy providers to generate solid returns above the cost of capital in the long term. That said, from time to time, Meridian will be affected by ...
- Adrian Atkins
Meridian’s Good Run Continues; FVE up 3% to NZD 3.60
Narrow-moat Meridian finished fiscal 2019 in style. Based on the firm’s monthly operating statistics, we estimate fiscal 2019 EBITDA is up 25% on last year to NZD 831 million. This is a fantastic result, driven primarily by strong growth in hydroelectric volumes, wholesale electricity prices, commercial and industrial revenue and retail customer connections. Looking forward, earnings are likely to fall around 7% in fiscal 2020 on normalisation of rainfall and lower wholesale electricity prices...
- Adrian Atkins
Meridian’s Good Run Continues; FVE up 3% to NZD 3.60
Narrow-moat Meridian finished fiscal 2019 in style. Based on the firm’s monthly operating statistics, we estimate fiscal 2019 EBITDA is up 25% on last year to NZD 831 million. This is a fantastic result, driven primarily by strong growth in hydroelectric volumes, wholesale electricity prices, commercial and industrial revenue and retail customer connections. Looking forward, earnings are likely to fall around 7% in fiscal 2020 on normalisation of rainfall and lower wholesale electricity prices...
- Adrian Atkins
Stronger Wholesale Prices and Hydro Generation Driving Earnings Growth...
Narrow-moat-rated Meridian Energy’s earnings are tracking comfortably above last year. For the 10 months to April 2019, we estimate EBITDA is up a high-teens percentage on the previous corresponding period. While part of the improved performance is due to increased rainfall, which we don’t overly focus on, Meridian is pushing through electricity price increases to large customers. We expect this to continue, leading us to upgrade medium-term forecasts. We increase our fair value estimate 9% ...
- Adrian Atkins
Stronger Wholesale Prices and Hydro Generation Driving Earnings Growth...
Narrow-moat-rated Meridian Energy’s earnings are tracking comfortably above last year. For the 10 months to April 2019, we estimate EBITDA is up a high-teens percentage on the previous corresponding period. While part of the improved performance is due to increased rainfall, which we don’t overly focus on, Meridian is pushing through electricity price increases to large customers. We expect this to continue, leading us to upgrade medium-term forecasts. We increase our fair value estimate 9% ...
- Adrian Atkins
Morningstar | Meridian is Thriving in FY19; Lifting FVE to NZD 3.50
Narrow-moat-rated Meridian Energy’s earnings are tracking comfortably above last year. For the 10 months to April 2019, we estimate EBITDA is up a high-teens percentage on the previous corresponding period. While part of the improved performance is due to increased rainfall, which we don’t overly focus on, Meridian is pushing through electricity price increases to large customers. We expect this to continue, leading us to upgrade medium-term forecasts. We increase our fair value estimate 9% ...
- Adrian Atkins
Morningstar | Meridian is Thriving in FY19; Lifting FVE to NZD 3.50
Narrow-moat-rated Meridian Energy’s earnings are tracking comfortably above last year. For the 10 months to April 2019, we estimate EBITDA is up a high-teens percentage on the previous corresponding period. While part of the improved performance is due to increased rainfall, which we don’t overly focus on, Meridian is pushing through electricity price increases to large customers. We expect this to continue, leading us to upgrade medium-term forecasts. We increase our fair value estimate 9% ...
- Adrian Atkins
Morningstar | Stronger Wholesale Prices and Hydro Generation Driving E...
Meridian Energy is a vertically integrated renewable electricity generator, accounting for a third of New Zealand's total electricity output. The firm enjoys a strong competitive position, and we rate it as having a narrow economic moat as a result of cost advantages and barriers to entry. Accordingly, we expect Meridian Energy and the other incumbent energy providers to generate solid returns above the cost of capital in the long term. That said, from time to time, Meridian will be affected by ...
- Adrian Atkins
Morningstar | Stronger Wholesale Prices and Hydro Generation Driving E...
Meridian Energy is a vertically integrated renewable electricity generator, accounting for a third of New Zealand's total electricity output. The firm enjoys a strong competitive position, and we rate it as having a narrow economic moat as a result of cost advantages and barriers to entry. Accordingly, we expect Meridian Energy and the other incumbent energy providers to generate solid returns above the cost of capital in the long term. That said, from time to time, Meridian will be affected by ...
- Adrian Atkins
Meridian is Thriving in FY19; Lifting FVE to NZD 3.50
Narrow-moat-rated Meridian Energy’s earnings are tracking comfortably above last year. For the 10 months to April 2019, we estimate EBITDA is up a high-teens percentage on the previous corresponding period. While part of the improved performance is due to increased rainfall, which we don’t overly focus on, Meridian is pushing through electricity price increases to large customers. We expect this to continue, leading us to upgrade medium-term forecasts. We increase our fair value estimate 9% ...
- Adrian Atkins
Meridian is Thriving in FY19; Lifting FVE to NZD 3.50
Narrow-moat-rated Meridian Energy’s earnings are tracking comfortably above last year. For the 10 months to April 2019, we estimate EBITDA is up a high-teens percentage on the previous corresponding period. While part of the improved performance is due to increased rainfall, which we don’t overly focus on, Meridian is pushing through electricity price increases to large customers. We expect this to continue, leading us to upgrade medium-term forecasts. We increase our fair value estimate 9% ...
- Adrian Atkins
Stronger Wholesale Prices and Hydro Generation Driving Earnings Growth...
Narrow-moat Meridian Energy had a strong first-half fiscal 2019, as expected. EBITDA rose 18% to NZD 389 million and underlying NPAT rose 38% to NZD 144 million. The result was driven by strong increases in hydroelectric generation and wholesale prices. We make minor changes to near-term earnings forecasts but longer-term forecasts are largely unchanged. We maintain our NZD 3.20 fair value estimate and consider the stock marginally overvalued at current prices. Meridian’s largest and “moatie...
- Adrian Atkins
Stronger Wholesale Prices and Hydro Generation Driving Earnings Growth...
Narrow-moat Meridian Energy had a strong first-half fiscal 2019, as expected. EBITDA rose 18% to NZD 389 million and underlying NPAT rose 38% to NZD 144 million. The result was driven by strong increases in hydroelectric generation and wholesale prices. We make minor changes to near-term earnings forecasts but longer-term forecasts are largely unchanged. We maintain our NZD 3.20 fair value estimate and consider the stock marginally overvalued at current prices. Meridian’s largest and “moatie...
- Adrian Atkins
Morningstar | Stronger Generation Drives Good 1H for Meridian
Narrow-moat Meridian Energy had a strong first-half fiscal 2019, as expected. EBITDA rose 18% to NZD 389 million and underlying NPAT rose 38% to NZD 144 million. The result was driven by strong increases in hydroelectric generation and wholesale prices. We make minor changes to near-term earnings forecasts but longer-term forecasts are largely unchanged. We maintain our NZD 3.20 fair value estimate and consider the stock marginally overvalued at current prices. Meridian’s largest and “moati...
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