- Meridian Energy‘s underlying profit: NZ$359 million, up 14% year-over-year, but below the estimate of NZ$375.5 million.
- Net income: NZ$429 million compared to NZ$95 million the previous year.
- EBITDAF (Earnings Before Interest, Taxes, Depreciation, Amortisation and Fair Value Adjustments): NZ$905 million, a 16% increase year-over-year, but slightly below the estimate of NZ$908 million.
- Final dividend per share: 14.85 NZ cents.
- Significant gain on hedges included in FY Net: NZ$249 million.
- Analyst recommendations: 2 buys, 2 holds, 2 sells.
A look at Meridian Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Meridian Energy Ltd, a state-owned electricity generator in New Zealand, has been assessed using the Smartkarma Smart Scores to gauge its long-term outlook. With a solid Resilience score of 4 and Momentum score of 4, the company shows promise in weathering market fluctuations and maintaining a positive growth trajectory. While its Value and Dividend scores sit at a balanced 3, indicating a stable investment proposition, its Growth score of 2 suggests a moderate level of expansion potential.
In conclusion, Meridian Energy appears to be a robust player in the energy sector with a strong emphasis on stability and steady performance. Its outlook, as indicated by the Smart Scores, leans towards continued resilience and promising momentum, making it a company to watch for long-term investors looking for a reliable player in the electricity generation and supply industry in New Zealand.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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