Meridian Energy Limited
MEZ.AXUtilitiesASXUtilities - Renewable · Last scanned May 29, 2026
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Daily timeframeMeridian Energy Limited engages in the generation and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. The $13.11B market capitalization puts MEZ.AX squarely in large-cap range for its industry. The company generates electricity through 7 hydro stations; 8 wind farms; and 100MW battery energy storage system, as well as grid-scale solar array.
Market Cap
$13.11B
Beta
0.45
P/E (TTM)
—
P/E (Fwd)
41.94
EPS (TTM)
$-0.03
EPS (Fwd)
$0.12
ROE
-1.2%
ROA
-0.1%
Cash
$183.0M
Total Debt
$1.87B
Free CF
$426.0M
52W Change
-8.5%
Annual Financials
Cash vs Debt
The company holds $183.0M in cash, though total debt stands at $1.87B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Annual free cash flow of $426.0M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of -1.2% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has been uneven over recent years, ranging from $3.69B to $4.79B.
With a beta below 0.7, Meridian Energy Limited typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Meridian Energy Limited's trajectory.