Meridian Energy Ltd
NZX:MEL

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Meridian Energy Ltd
NZX:MEL
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Price: 5.88 NZD -0.42% Market Closed
Market Cap: 15.3B NZD
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Relative Value

The Relative Value of one MEL stock under the Base Case scenario is 7.06 NZD. Compared to the current market price of 5.88 NZD, Meridian Energy Ltd is Undervalued by 17%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MEL Relative Value
Base Case
7.06 NZD
Undervaluation 17%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
74
vs Industry
17
Median 3Y
3.4
Median 5Y
3.4
Industry
1.7
Forward
3.1
vs History
50
vs Industry
1
Median 3Y
35.6
Median 5Y
35.9
Industry
15.2
Forward
40.9
vs History
74
vs Industry
7
Median 3Y
26.7
Median 5Y
26.1
Industry
7
vs History
17
vs Industry
15
Median 3Y
27.8
Median 5Y
24.3
Industry
13.8
vs History
95
vs Industry
15
Median 3Y
2.3
Median 5Y
2.3
Industry
1.4
vs History
87
vs Industry
28
Median 3Y
3.7
Median 5Y
3.8
Industry
2.8
Forward
3.3
vs History
33
vs Industry
17
Median 3Y
15.5
Median 5Y
14.9
Industry
7.5
vs History
57
vs Industry
2
Median 3Y
25.8
Median 5Y
25.8
Industry
10.5
Forward
17.8
vs History
57
vs Industry
2
Median 3Y
25.8
Median 5Y
25.8
Industry
14.9
Forward
26.9
vs History
74
vs Industry
10
Median 3Y
28.4
Median 5Y
27.9
Industry
11.1
vs History
33
vs Industry
6
Median 3Y
49.4
Median 5Y
45.7
Industry
16.4
vs History
92
vs Industry
14
Median 3Y
1.5
Median 5Y
1.5
Industry
0.9

Multiples Across Competitors

MEL Competitors Multiples
Meridian Energy Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NZ
Meridian Energy Ltd
NZX:MEL
15.2B NZD 3.1 35.5 24 24
CN
China Yangtze Power Co Ltd
SSE:600900
667B CNY 8.1 22.4 20.8 20.8
ID
Barito Renewables Energy PT Tbk
IDX:BREN
896.4T IDR 95.7 518.8 132.4 132.4
CN
Huaneng Lancang River Hydropower Inc
SSE:600025
169.6B CNY 6.9 21.9 22.4 22.4
IN
Adani Green Energy Ltd
NSE:ADANIGREEN
1.7T INR 15.5 147.7 25.3 34.4
CN
China Three Gorges Renewables Group Co Ltd
SSE:600905
131.4B CNY 4.7 19.6 22.5 22.5
CN
China Longyuan Power Group Corp Ltd
HKEX:916
139.8B HKD 3.5 25.2 22.2 22.2
ES
EDP Renovaveis SA
ELI:EDPR
11.2B EUR 3.4 12.9 13.9 13.9
CN
Sichuan Chuantou Energy Co Ltd
SSE:600674
81.2B CNY 52.4 16.3 248.5 248.5
IN
NHPC Ltd
NSE:NHPC
795.2B INR 8.3 22 21.5 28.5
BM
Brookfield Renewable Partners LP
TSX:BEP.UN
10.1B CAD 1.3 -30.7 8.5 18.9

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