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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.

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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. Hokuriku Electric Power (XL, JP)  Electric Utilities
1. Hokuriku Electric Power (XL, JP)   Electric Utilities 79 49 76 94
2. AGL (XL, AU)  Multi-Utilities
2. AGL (XL, AU)   Multi-Utilities 81 45 80 94
3. Toho Gas (XL, JP)  Gas Utilities
3. Toho Gas (XL, JP)   Gas Utilities 29 79 94 80
4. Tohoku Electric Power (XXL, JP)  Electric Utilities
4. Tohoku Electric Power (XXL, JP)   Electric Utilities 75 37 68 74
5. Korea Electric Power (XXL, KR)  Electric Utilities
5. Korea Electric Power (XXL, KR)   Electric Utilities 99 85 1 73
6. Shikoku Electric Power (XL, JP)  Electric Utilities
6. Shikoku Electric Power (XL, JP)   Electric Utilities 95 17 56 62
7. Osaka Gas (XXL, JP)  Gas Utilities
7. Osaka Gas (XXL, JP)   Gas Utilities 37 51 85 59
8. Tokyo Gas (XXL, JP)  Gas Utilities
8. Tokyo Gas (XXL, JP)   Gas Utilities 49 55 72 57
9. Kansai Electric Power (XXL, JP)  Electric Utilities
9. Kansai Electric Power (XXL, JP)   Electric Utilities 83 39 30 52
10. Electric Power Development (XL, JP)  Power Producers & Traders
10. Electric Power Development (XL, JP)   Power Producers & Traders 94 9 55 48

May 16, 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. Toyobo (XL, JP)  Commodity Chemicals
1. Toyobo (XL, JP)   Commodity Chemicals 100 85 61 100
2. Toyo Seikan (XL, JP)  Metal & Glass Containers
2. Toyo Seikan (XL, JP)   Metal & Glass Containers 65 89 96 100
3. Kato Sangyo (XL, JP)  Food Distributors
3. Kato Sangyo (XL, JP)   Food Distributors 93 67 82 100
4. Nippon Express (XXL, JP)  Air Freight & Logistics
4. Nippon Express (XXL, JP)   Air Freight & Logistics 98 93 76 100
5. Kumagai Gumi (XL, JP)  Construction & Engineering
5. Kumagai Gumi (XL, JP)   Construction & Engineering 89 81 92 100
6. KT (XXL, KR)  Integrated Telecommunication
6. KT (XXL, KR)   Integrated Telecommunication 91 93 67 100
7. Asustek Computer (XXL, TW)  Technology Hardware & Peripherals
7. Asustek Computer (XXL, TW)   Technology Hardware & Peripherals 71 97 88 100
8. AMOREPACIFIC (XL, KR)  Personal Products
8. AMOREPACIFIC (XL, KR)   Personal Products 68 89 84 100
9. Mizuho Leasing (XL, JP)  Specialized Finance
9. Mizuho Leasing (XL, JP)   Specialized Finance 100 97 51 100
10. Yamaguchi Financial Group (XXL, JP)  Regional Banks
10. Yamaguchi Financial Group (XXL, JP)   Regional Banks 86 92 63 100

May 16, 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 31 75 43 45
2. Infratil (L, NZ)  Electric Utilities
2. Infratil (L, NZ)   Electric Utilities 25 91 26 42
3. Nippon Gas (L, JP)  Gas Utilities
3. Nippon Gas (L, JP)   Gas Utilities 27 33 67 34
4. Genesis Energy (L, NZ)  Electric Utilities
4. Genesis Energy (L, NZ)   Electric Utilities 53 39 26 22
5. Mercury NZ (L, NZ)  Electric Utilities
5. Mercury NZ (L, NZ)   Electric Utilities 17 41 49 18
6. Vector (L, NZ)  Multi-Utilities
6. Vector (L, NZ)   Multi-Utilities 21 49 28 16
7. APA (L, AU)  Gas Utilities
7. APA (L, AU)   Gas Utilities 7 17 12 4

May 16, 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 95 39 70 81
2. Scales (M, NZ)  Agricultural Products
2. Scales (M, NZ)   Agricultural Products 70 71 43 77
3. KMD Brands (M, NZ)  Specialty Stores
3. KMD Brands (M, NZ)   Specialty Stores 97 17 60 73
4. Ryman Healthcare (M, NZ)  Health Care Facilities
4. Ryman Healthcare (M, NZ)   Health Care Facilities 61 7 8 56
5. Fisher & Paykel Healthcare (L, NZ)  Health Care Equipment
5. Fisher & Paykel Healthcare (L, NZ)   Health Care Equipment 12 49 71 55
6. SKYCITY (M, NZ)  Casinos & Gaming
6. SKYCITY (M, NZ)   Casinos & Gaming 100 7 39 51
7. Contact Energy (L, NZ)  Electric Utilities
7. Contact Energy (L, NZ)   Electric Utilities 31 75 43 45
8. Infratil (L, NZ)  Electric Utilities
8. Infratil (L, NZ)   Electric Utilities 25 91 26 42
9. Xero (M, NZ)  Application Software
9. Xero (M, NZ)   Application Software 4 98 26 39
10. The a2 Milk Company (L, NZ)  Packaged Foods & Meats
10. The a2 Milk Company (L, NZ)   Packaged Foods & Meats 1 81 56 34

May 16, 2024



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