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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.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

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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. They are safely financed and show above average growth, but 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. Tohoku Electric Power (XXL, JP)  Electric Utilities
1. Tohoku Electric Power (XXL, JP)   Electric Utilities 81 71 66 96
2. Korea Electric Power (XXL, KR)  Electric Utilities
2. Korea Electric Power (XXL, KR)   Electric Utilities 100 95 1 81
3. AGL (XL, AU)  Multi-Utilities
3. AGL (XL, AU)   Multi-Utilities 75 23 86 78
4. Chubu Electric Power (XXL, JP)  Electric Utilities
4. Chubu Electric Power (XXL, JP)   Electric Utilities 85 61 45 75
5. Korea Gas (XXL, KR)  Gas Utilities
5. Korea Gas (XXL, KR)   Gas Utilities 97 89 4 73
6. Hokuriku Electric Power (XL, JP)  Electric Utilities
6. Hokuriku Electric Power (XL, JP)   Electric Utilities 87 15 72 70
7. Shikoku Electric Power (XL, JP)  Electric Utilities
7. Shikoku Electric Power (XL, JP)   Electric Utilities 100 15 60 70
8. Osaka Gas (XXL, JP)  Gas Utilities
8. Osaka Gas (XXL, JP)   Gas Utilities 55 39 83 65
9. Electric Power Development (XL, JP)  Power Producers & Traders
9. Electric Power Development (XL, JP)   Power Producers & Traders 93 33 55 65
10. Toho Gas (XL, JP)  Gas Utilities
10. Toho Gas (XL, JP)   Gas Utilities 31 47 97 61

October 10, 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. Hankook Tire (XL, KR)  Tires & Rubber
1. Hankook Tire (XL, KR)   Tires & Rubber 93 67 89 100
2. Evergreen Marine (XXL, TW)  Marine
2. Evergreen Marine (XXL, TW)   Marine 97 83 87 100
3. Daiwabo Holdings (XL, JP)  Technology Distributors
3. Daiwabo Holdings (XL, JP)   Technology Distributors 66 83 94 100
4. Daido Steel (XL, JP)  Steel
4. Daido Steel (XL, JP)   Steel 71 73 86 100
5. Stanley Electric (XL, JP)  Auto Parts & Equipment
5. Stanley Electric (XL, JP)   Auto Parts & Equipment 75 73 100 100
6. Downer EDI (XL, AU)  Diversified Support Services
6. Downer EDI (XL, AU)   Diversified Support Services 91 94 60 100
7. The 77 Bank (XXL, JP)  Regional Banks
7. The 77 Bank (XXL, JP)   Regional Banks 93 95 76 100
8. Mizuho Leasing (XL, JP)  Specialized Finance
8. Mizuho Leasing (XL, JP)   Specialized Finance 100 89 57 100
9. Korea Investment (XL, KR)  Investment Banking & Brokerage
9. Korea Investment (XL, KR)   Investment Banking & Brokerage 93 93 80 100
10. Seino Holdings (XL, JP)  Trucking
10. Seino Holdings (XL, JP)   Trucking 71 79 100 100

October 10, 2024


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Mid sized companies - similar industry as Meridian Energy

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Nippon Gas (L, JP)  Gas Utilities
1. Nippon Gas (L, JP)   Gas Utilities 41 43 60 52
2. Vector (L, NZ)  Multi-Utilities
2. Vector (L, NZ)   Multi-Utilities 29 99 24 42
3. Mercury NZ (L, NZ)  Electric Utilities
3. Mercury NZ (L, NZ)   Electric Utilities 19 65 32 28
4. Genesis Energy (L, NZ)  Electric Utilities
4. Genesis Energy (L, NZ)   Electric Utilities 55 29 28 22
5. Contact Energy (L, NZ)  Electric Utilities
5. Contact Energy (L, NZ)   Electric Utilities 33 23 40 16
6. Infratil (L, NZ)  Electric Utilities
6. Infratil (L, NZ)   Electric Utilities 1 41 22 6
7. APA (L, AU)  Gas Utilities
7. APA (L, AU)   Gas Utilities 15 35 7 3

October 10, 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 55 69 88
2. Scales (M, NZ)  Agricultural Products
2. Scales (M, NZ)   Agricultural Products 57 100 43 87
3. Fisher & Paykel Healthcare (L, NZ)  Health Care Equipment
3. Fisher & Paykel Healthcare (L, NZ)   Health Care Equipment 18 97 71 86
4. KMD Brands (M, NZ)  Specialty Stores
4. KMD Brands (M, NZ)   Specialty Stores 69 77 42 82
5. The a2 Milk Company (L, NZ)  Packaged Foods & Meats
5. The a2 Milk Company (L, NZ)   Packaged Foods & Meats 1 99 65 61
6. Ryman Healthcare (M, NZ)  Health Care Facilities
6. Ryman Healthcare (M, NZ)   Health Care Facilities 53 15 8 56
7. Freightways (M, NZ)  Air Freight & Logistics
7. Freightways (M, NZ)   Air Freight & Logistics 29 89 35 51
8. Vector (L, NZ)  Multi-Utilities
8. Vector (L, NZ)   Multi-Utilities 29 99 24 42
9. Spark New Zealand (L, NZ)  Integrated Telecommunication
9. Spark New Zealand (L, NZ)   Integrated Telecommunication 55 53 18 34
10. Mercury NZ (L, NZ)  Electric Utilities
10. Mercury NZ (L, NZ)   Electric Utilities 19 65 32 28

October 10, 2024



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