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Alternative stocks to Meridian Energy (NZSE:MEL)


These are the alternatives to Meridian Energy that fall within the same industry, Renewable Electricity, or region, New Zealand.

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For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

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See Meridian Energy Performance

Meridian Energy stock research in summary

meridianenergy.co.nz


Meridian Energy shares are more expensive than other comparable stocks. While they are safely financed, they show below average growth, and are poor value. We recommend evaluating whether the future of the company Meridian Energy is really as positive as the high price of the shares suggests. If you come to the conclusion that the future for this company is only average, that could be a reason to sell this share.


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Country New Zealand
Industry Renewable Electricity
Index
Size class Large

Large companies - similar industry as Meridian Energy

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. AGL (XL, AU)  Multi-Utilities
1. AGL (XL, AU)   Multi-Utilities 89 39 83 90
2. Osaka Gas (XXL, JP)  Gas Utilities
2. Osaka Gas (XXL, JP)   Gas Utilities 45 93 73 88
3. Tohoku Electric Power (XXL, JP)  Electric Utilities
3. Tohoku Electric Power (XXL, JP)   Electric Utilities 73 69 20 86
4. Electric Power Development (XL, JP)  Power Producers & Traders
4. Electric Power Development (XL, JP)   Power Producers & Traders 96 21 65 76
5. Toho Gas (XL, JP)  Gas Utilities
5. Toho Gas (XL, JP)   Gas Utilities 23 69 94 73
6. Shikoku Electric Power (XL, JP)  Electric Utilities
6. Shikoku Electric Power (XL, JP)   Electric Utilities 97 23 59 72
7. Tokyo Electric Power (XXL, JP)  Electric Utilities
7. Tokyo Electric Power (XXL, JP)   Electric Utilities 75 97 10 68
8. Korea Electric Power (XXL, KR)  Electric Utilities
8. Korea Electric Power (XXL, KR)   Electric Utilities 91 79 4 68
9. Hokuriku Electric Power (XL, JP)  Electric Utilities
9. Hokuriku Electric Power (XL, JP)   Electric Utilities 89 67 22 68
10. Kansai Electric Power (XXL, JP)  Electric Utilities
10. Kansai Electric Power (XXL, JP)   Electric Utilities 81 75 10 62

May 2, 2024

Why popular stocks have low ratings

It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.

Large companies - similar region as Meridian Energy

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Nippon Express (XXL, JP)  Air Freight & Logistics
1. Nippon Express (XXL, JP)   Air Freight & Logistics 98 83 81 100
2. Kumagai Gumi (XL, JP)  Construction & Engineering
2. Kumagai Gumi (XL, JP)   Construction & Engineering 91 95 98 100
3. Nojima (XL, JP)  Electronics Retail
3. Nojima (XL, JP)   Electronics Retail 79 87 74 100
4. Kato Sangyo (XL, JP)  Food Distributors
4. Kato Sangyo (XL, JP)   Food Distributors 93 75 82 100
5. Nippon Steel (XXL, JP)  Steel
5. Nippon Steel (XXL, JP)   Steel 96 61 67 100
6. Sekisui House (XXL, JP)  Homebuilding
6. Sekisui House (XXL, JP)   Homebuilding 73 77 73 100
7. Hokuhoku Financial Group (XXL, JP)  Regional Banks
7. Hokuhoku Financial Group (XXL, JP)   Regional Banks 82 82 100 100
8. Korea Investment (XL, KR)  Investment Banking & Brokerage
8. Korea Investment (XL, KR)   Investment Banking & Brokerage 94 65 81 100
9. Asustek Computer (XXL, TW)  Technology Hardware & Peripherals
9. Asustek Computer (XXL, TW)   Technology Hardware & Peripherals 83 91 88 100
10. Ube (XL, JP)  Diversified Chemicals
10. Ube (XL, JP)   Diversified Chemicals 93 100 45 100

May 2, 2024


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Mid sized companies - similar industry as Meridian Energy

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Contact Energy (L, NZ)  Electric Utilities
1. Contact Energy (L, NZ)   Electric Utilities 29 47 51 38
2. Infratil (L, NZ)  Electric Utilities
2. Infratil (L, NZ)   Electric Utilities 13 87 25 32
3. Nippon Gas (L, JP)  Gas Utilities
3. Nippon Gas (L, JP)   Gas Utilities 29 35 64 23
4. Genesis Energy (L, NZ)  Electric Utilities
4. Genesis Energy (L, NZ)   Electric Utilities 55 23 31 18
5. Vector (L, NZ)  Multi-Utilities
5. Vector (L, NZ)   Multi-Utilities 23 45 30 12
6. Mercury NZ (L, NZ)  Electric Utilities
6. Mercury NZ (L, NZ)   Electric Utilities 17 35 45 10
7. APA (L, AU)  Gas Utilities
7. APA (L, AU)   Gas Utilities 11 7 17 4

May 2, 2024


Mid sized companies - similar region as Meridian Energy

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Sky Network (M, NZ)  Cable & Satellite
1. Sky Network (M, NZ)   Cable & Satellite 93 47 65 86
2. Scales (M, NZ)  Agricultural Products
2. Scales (M, NZ)   Agricultural Products 65 79 48 84
3. KMD Brands (M, NZ)  Specialty Stores
3. KMD Brands (M, NZ)   Specialty Stores 95 11 58 58
4. Ryman Healthcare (M, NZ)  Health Care Facilities
4. Ryman Healthcare (M, NZ)   Health Care Facilities 53 15 8 56
5. SKYCITY (M, NZ)  Casinos & Gaming
5. SKYCITY (M, NZ)   Casinos & Gaming 98 7 36 46
6. Fisher & Paykel Healthcare (L, NZ)  Health Care Equipment
6. Fisher & Paykel Healthcare (L, NZ)   Health Care Equipment 10 55 60 41
7. Contact Energy (L, NZ)  Electric Utilities
7. Contact Energy (L, NZ)   Electric Utilities 29 47 51 38
8. The a2 Milk Company (L, NZ)  Packaged Foods & Meats
8. The a2 Milk Company (L, NZ)   Packaged Foods & Meats 4 59 68 35
9. Xero (M, NZ)  Application Software
9. Xero (M, NZ)   Application Software 4 98 25 33
10. Infratil (L, NZ)  Electric Utilities
10. Infratil (L, NZ)   Electric Utilities 13 87 25 32

May 2, 2024



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