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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. Tohoku Electric Power (XXL, JP)  Electric Utilities
1. Tohoku Electric Power (XXL, JP)   Electric Utilities 83 71 67 96
2. Korea Electric Power (XXL, KR)  Electric Utilities
2. Korea Electric Power (XXL, KR)   Electric Utilities 100 99 1 84
3. Shikoku Electric Power (XL, JP)  Electric Utilities
3. Shikoku Electric Power (XL, JP)   Electric Utilities 100 27 61 80
4. AGL (XL, AU)  Multi-Utilities
4. AGL (XL, AU)   Multi-Utilities 77 27 86 80
5. Hokuriku Electric Power (XL, JP)  Electric Utilities
5. Hokuriku Electric Power (XL, JP)   Electric Utilities 85 25 76 78
6. Korea Gas (XXL, KR)  Gas Utilities
6. Korea Gas (XXL, KR)   Gas Utilities 97 91 3 73
7. Electric Power Development (XL, JP)  Power Producers & Traders
7. Electric Power Development (XL, JP)   Power Producers & Traders 95 29 54 68
8. Toho Gas (XL, JP)  Gas Utilities
8. Toho Gas (XL, JP)   Gas Utilities 35 55 96 66
9. Origin Energy (XL, AU)  Electric Utilities
9. Origin Energy (XL, AU)   Electric Utilities 55 61 53 61
10. Osaka Gas (XXL, JP)  Gas Utilities
10. Osaka Gas (XXL, JP)   Gas Utilities 55 29 82 50

November 21, 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. Kobe Steel (XXL, JP)  Steel
1. Kobe Steel (XXL, JP)   Steel 91 65 66 100
2. Mizuho Leasing (XL, JP)  Specialized Finance
2. Mizuho Leasing (XL, JP)   Specialized Finance 100 87 61 100
3. Kia Motors (XXL, KR)  Automobile Manufacturers
3. Kia Motors (XXL, KR)   Automobile Manufacturers 87 53 91 100
4. Sojitz (XXL, JP)  Trading & Distribution
4. Sojitz (XXL, JP)   Trading & Distribution 99 49 70 100
5. Yang Ming Marine Transport (XXL, TW)  Marine
5. Yang Ming Marine Transport (XXL, TW)   Marine 95 85 72 100
6. Korea Investment (XL, KR)  Investment Banking & Brokerage
6. Korea Investment (XL, KR)   Investment Banking & Brokerage 99 79 72 100
7. Downer EDI (XL, AU)  Diversified Support Services
7. Downer EDI (XL, AU)   Diversified Support Services 87 95 55 100
8. Kumagai Gumi (XL, JP)  Construction & Engineering
8. Kumagai Gumi (XL, JP)   Construction & Engineering 91 71 90 100
9. Nippon Television Holdings (XL, JP)  Broadcasting
9. Nippon Television Holdings (XL, JP)   Broadcasting 59 93 94 100
10. The 77 Bank (XXL, JP)  Regional Banks
10. The 77 Bank (XXL, JP)   Regional Banks 89 97 70 100

November 21, 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 51 49 56 58
2. Vector (L, NZ)  Multi-Utilities
2. Vector (L, NZ)   Multi-Utilities 29 97 22 42
3. Mercury NZ (L, NZ)  Electric Utilities
3. Mercury NZ (L, NZ)   Electric Utilities 17 85 30 34
4. Contact Energy (L, NZ)  Electric Utilities
4. Contact Energy (L, NZ)   Electric Utilities 31 37 42 28
5. Genesis Energy (L, NZ)  Electric Utilities
5. Genesis Energy (L, NZ)   Electric Utilities 55 37 32 24
6. Infratil (L, NZ)  Electric Utilities
6. Infratil (L, NZ)   Electric Utilities 3 55 22 10
7. APA (L, AU)  Gas Utilities
7. APA (L, AU)   Gas Utilities 15 44 8 6

November 21, 2024


Mid sized companies - similar region as Meridian Energy

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. KMD Brands (M, NZ)  Specialty Stores
1. KMD Brands (M, NZ)   Specialty Stores 87 87 44 92
2. Sky Network (M, NZ)  Cable & Satellite
2. Sky Network (M, NZ)   Cable & Satellite 95 51 69 88
3. Fisher & Paykel Healthcare (L, NZ)  Health Care Equipment
3. Fisher & Paykel Healthcare (L, NZ)   Health Care Equipment 13 95 73 82
4. Scales (M, NZ)  Agricultural Products
4. Scales (M, NZ)   Agricultural Products 53 100 35 81
5. The a2 Milk Company (L, NZ)  Packaged Foods & Meats
5. The a2 Milk Company (L, NZ)   Packaged Foods & Meats 5 91 67 61
6. Ryman Healthcare (M, NZ)  Health Care Facilities
6. Ryman Healthcare (M, NZ)   Health Care Facilities 43 17 8 56
7. Freightways (M, NZ)  Air Freight & Logistics
7. Freightways (M, NZ)   Air Freight & Logistics 27 93 32 42
8. Vector (L, NZ)  Multi-Utilities
8. Vector (L, NZ)   Multi-Utilities 29 97 22 42
9. Mercury NZ (L, NZ)  Electric Utilities
9. Mercury NZ (L, NZ)   Electric Utilities 17 85 30 34
10. Restaurant Brands New Zealand (M, NZ)  Restaurants
10. Restaurant Brands New Zealand (M, NZ)   Restaurants 67 61 1 32

November 21, 2024



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