What is Meridian Energy Limited's (MEZ.AX) StockRank?

MoatMap's StockRank for Meridian Energy Limited (MEZ.AX) is 60/100, with a Hold signal. This is a composite score combining Quality (49), Value (42), and Momentum (57) factor ranks across MoatMap's 19,000+ stock universe.

Does Meridian Energy Limited have an economic moat?

Meridian Energy Limited (MEZ.AX) has a Quality factor score of 49/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Meridian Energy Limited a buy, hold, or sell?

MoatMap's current signal for Meridian Energy Limited (MEZ.AX) is Hold, based on a StockRank of 60/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Meridian Energy Limited in?

Meridian Energy Limited (MEZ.AX) operates in the Utilities sector, specifically the Utilities - Renewable industry (New Zealand).

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MEZ.AX

HOLDREMOVE

Meridian Energy Limited · Utilities · New Zealand · $9.3B · Avg Vol: $89K/d

StockRank

P/E (TTM)

—

ROE

-1.2%

D/E

0.2x

Dividend %

4.5%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Meridian Energy is a stable utility but lacks the high-growth reinvestment runway or asymmetric macro tailwinds required for our concentrated book.

COMPANY DESCRIPTION

Meridian Energy Limited generates electricity from 100% renewable sources, including hydro and wind, and retails electricity to residential, commercial, and industrial customers across New Zealand. It is New Zealand's largest electricity generator, leveraging a highly cost-effective and mature hydro asset base that provides a significant barrier to entry. The company operates as a vertically integrated market leader in the Australasian renewable energy sector.

FINANCIAL SUMMARY

Year	2021	2022	2023	2024	2025	CAGR
Revenue	—	2.6B	2.3B	3.5B	3.4B	9.2%
EPS	0.12	0.13	0.03	—	-0.12	-52.9%
Shares	—	2.6B	2.6B	2.6B	2.6B	+1.5%
Debt	—	865M	907M	989M	1.1B	9.2%
Equity	—	4.0B	4.3B	5.9B	6.4B	17.3%
Op CF	—	—	—	—	—	—
Inv CF	—	429M	-235M	-235M	-137M	—
Fin CF	—	-606M	-239M	-238M	-162M	—

PRICE (1M)+2.3%

SMA 50SMA 200

$3.49

RSI (14)

56.0

52W High

$3.84

From 52W High

0.9%

SCORE BREAKDOWN

Quality

ROIC

-3.8%4.6

ROE

-1.2%10.7

GP/Assets

13.6%78.1

Op. Margin

18.4%53.1

FCF/Assets

4.3%84.9

Piotroski

—40.9

Int. Cover

-6.4x2.7

D/E Ratio

0.21x87.0

Current Ratio

1.07x53.2

Value

P/E (TTM)

—N/A

EV/EBITDA

22.9x8.6

P/FCF

30.4x48.4

P/B

1.2x64.4

P/S

2.0x44.9

Div Yield

4.5%78.0

Momentum

52W High %

91%74.8

RS 6M

-0%58.2

SMA 50/200

0.98x24.2

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

+486%96.3

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$9.3B

P/E (Forward)

41.6x

Gross Margin

29.2%

SECTOR PEERS

Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of MEZ.AX are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
MEZ.AX	Meridian Energy Limited(you)	$9.3B	60	HOLD
CEN.AX	Contact Energy Limited	$5.8B	94	STRONG BUY

Peer medians: ROE 11.1% · P/E 21.2x · Gross margin 32.0%

Meridian Energy Limited (MEZ.AX) — Stock Score Summary

Meridian Energy Limited (MEZ.AX) has a MoatMap StockRank of 60/100 based on Quality (49/100), Value (42/100), and Momentum (57/100) factor scores. The current signal is HOLD. Meridian Energy is a stable utility but lacks the high-growth reinvestment runway or asymmetric macro tailwinds required for our concentrated book.

Key Financial Metrics

Price	$3.49
Market Cap	$9.3B
P/E (Forward)	41.60
Price/Book	1.25
Return on Equity	-1.2%
Return on Invested Capital	-3.8%
Debt/Equity	20.99
Gross Margin	29.2%
Operating Margin	18.4%
Revenue Growth	-11.0%
Dividend Yield	4.5%
Free Cash Flow	$306M

Meridian Energy Limited operates in the Utilities - Renewable industry, part of the Utilities sector (New Zealand).

Frequently Asked Questions

What is Meridian Energy Limited’s (MEZ.AX) StockRank?: MoatMap’s StockRank for Meridian Energy Limited (MEZ.AX) is 60/100, with a Hold signal. It is a composite of Quality (49), Value (42), and Momentum (57) factor ranks across MoatMap’s 19,000+ stock universe.
Does Meridian Energy Limited have an economic moat?: Meridian Energy Limited (MEZ.AX) has a Quality factor score of 49/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Meridian Energy Limited a buy, hold, or sell?: MoatMap’s current signal for Meridian Energy Limited (MEZ.AX) is Hold, based on a StockRank of 60/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Meridian Energy Limited in?: Meridian Energy Limited (MEZ.AX) operates in the Utilities sector, specifically the Utilities - Renewable industry (New Zealand).