Meridian Energy Ltd

  • IPO date:
  • Sector: Utilities
  • GIC Group: Utilities
  • Industry: Utilities-Renewable
  • Company website

Company description

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. 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 grid-scale solar array, 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. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.

Financial highlights

Market Capitalization$12356.5352 million
P/E Ratio140
P/E Growth Ratio33.5843
Book Value2.318
Dividend Per Share0.179
Earnings Per Share0.03
EBITDA418,000
Profit Margin0.0295
Operating Margin TTM0.0478
Return on Assets TTM0.0099
Return on Equity TTM0.0165
Revenue TTM3,222,000.128

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2010-06-30 2,039,599 2,039,599 1,603,031
2011-06-30 2,032,716 2,032,716 1,614,877
2012-06-30 2,554,105 2,554,105 2,318,719
2013-06-30 2,694,800 2,694,800 2,346,100
2014-06-30 2,497,300 1,687,400 809,900 446,400
2015-06-30 2,893,000 1,573,000 2,893,000 2,525,000
2016-06-30 2,369,000 1,507,000 2,369,000 1,961,000
2017-06-30 2,309,000 1,447,000 2,309,000 1,930,000
2018-06-30 2,747,000 1,868,000 2,747,000 2,364,000
2019-06-30 3,474,000 2,404,000 3,474,000 2,929,000
2020-06-30 3,388,000 2,293,000 3,388,000 2,856,000
2021-06-30 4,277,000 3,302,000 4,277,000 3,869,000
2022-06-30 3,686,000 3,686,000 3,286,000
2023-06-30 3,203,000 3,203,000 2,690,000

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2010-06-30 54,394 8,715,599 3,644,915 284,417 1,600,000
2011-06-30 368,191 8,459,973 3,528,671 298,167 1,600,000
2012-06-30 214,420 8,692,775 3,867,095 247,919 1,600,000
2013-06-30 382,800 7,737,400 3,049,400 146,700 1,600,000
2014-06-30 276,400 7,589,800 2,956,100 134,000 959,000 1,598,600
2015-06-30 69,000 7,661,000 2,913,000 214,000 863,000 1,597,000
2016-06-30 118,000 8,538,000 3,488,000 215,000 953,379.73115 1,597,000
2017-06-30 80,000 8,665,000 3,583,000 171,000 1,022,000 1,598,000
2018-06-30 60,000 8,632,000 3,809,000 451,000 1,023,000 1,598,000
2019-06-30 78,000 9,657,000 4,200,000 168,000 1,303,000 1,599,000
2020-06-30 176,000 9,623,000 4,540,000 95,000 1,600,000 1,598,000
2021-06-30 148,000 9,856,000 4,632,000 385,000 1,298,000 1,595,000
2022-06-30 363,000 9,369,000 3,846,000 163,000 1,004,000 1,671,000
2023-06-30 212,000 10,022,000 4,035,000 217,000 1,022,000 1,700,000

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2010-06-30 184,852 451,824 6,517 47,877 54,394 353,492
2011-06-30 303,817 368,708 313,797 54,394 368,191 683,644
2012-06-30 74,913 322,202 -153,771 368,191 214,420 140,726
2013-06-30 295,100 416,700 168,400 214,400 382,800 99,800
2014-06-30 229,800 432,800 -106,400 382,800 276,400 261,400
2015-06-30 247,000 440,000 -207,000 276,000 69,000 385,000
2016-06-30 185,000 452,000 49,000 69,000 118,000 501,000
2017-06-30 197,000 470,000 -38,000 118,000 80,000 477,000
2018-06-30 201,000 427,000 -20,000 80,000 60,000 486,000
2019-06-30 339,000 635,000 18,000 60,000 78,000 500,000
2020-06-30 176,000 605,000 98,000 78,000 176,000 546,000
2021-06-30 428,000 431,000 -28,000 176,000 148,000 433,000
2022-06-30 451,000 743,000 215,000 148,000 363,000 360,000
2023-06-30 95,000 -151,000 363,000 212,000 423,000