Mercury NZ (MCY) Stock Price, Fundamentals & Analysis

What MCY does

Mercury NZ (MCY) is a New Zealand utility company that produces and sells electricity and related services. It operates nine hydro power stations, five geothermal stations, and five wind stations, and it provides multi-product utility services to residential, small-to-medium business, industrial, and wholesale customers under the GLOBUG, Trustpower, and Mercury brands. The company, formerly known as Mighty River Power Limited, changed its name in July 2016 and is headquartered in Auckland, New Zealand.

Key numbers explained

• The current price is 5.36 AUD, with a price change today of -0.92%, showing the day's move relative to the previous close.
• The marketCap of 7.64B AUD reflects the total market value of all outstanding shares; it is a common way to gauge a company's size.
• The trailing P/E ratio of 29.8 divides the current share price by the last 12 months of earnings per share (0.18 NZD), indicating how much investors pay per dollar of recent earnings.
• The forward P/E ratio of 26.6 uses expected future earnings, offering a look at valuation based on analyst estimates rather than past results.
• The dividend yield of 4.1% shows the annual dividend as a percentage of the share price, with 106% of earnings paid out as dividends.
• The beta of 0.34 suggests the stock tends to be less volatile than the overall market.
• The priceToBook of 1.79 compares the share price to the company's book value per share, a basic measure of whether the market values the company above or below its net assets.
• The debt-to-equity ratio of 47.7% indicates the proportion of debt financing relative to shareholders' equity.

What to watch

Mercury NZ operates in the Utilities - Renewable sector, where factors such as electricity demand, regulatory changes, and weather patterns can affect generation and revenue. The company's mix of hydro, geothermal, and wind assets means its output and costs are sensitive to water availability and geothermal reservoir conditions. Investors often compare it with peers such as Contact Energy (CEN), AGL Energy (AGL), and Genesis Energy (GNE) when assessing the sector. The next earnings release is scheduled for Aug 18, 2026, which may provide updated insight into the company's financial performance.