Mercury NZ Limited
Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity and related activities in New Zealand. The company operates through Generation/Wholesale, Customer, and Other segments. It operates 9 hydro generation stations on the Waikato River; 5 wind plants; and 5 geothermal generation stations in the central North Island. The company also sells e… Read more
Mercury NZ Limited (MGHTF) - Net Assets
Latest net assets as of June 2025: $4.90 Billion USD
Based on the latest financial reports, Mercury NZ Limited (MGHTF) has net assets worth $4.90 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.96 Billion) and total liabilities ($5.05 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.90 Billion |
| % of Total Assets | 49.24% |
| Annual Growth Rate | 3.67% |
| 5-Year Change | 17.13% |
| 10-Year Change | 47.9% |
| Growth Volatility | 4.72 |
Mercury NZ Limited - Net Assets Trend (2013–2025)
This chart illustrates how Mercury NZ Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mercury NZ Limited (2013–2025)
The table below shows the annual net assets of Mercury NZ Limited from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $4.90 Billion | +1.11% |
| 2024-06-30 | $4.85 Billion | 0.00% |
| 2023-06-30 | $4.85 Billion | +2.04% |
| 2022-06-30 | $4.75 Billion | +13.52% |
| 2021-06-30 | $4.19 Billion | +11.96% |
| 2020-06-30 | $3.74 Billion | +5.71% |
| 2019-06-30 | $3.54 Billion | +7.64% |
| 2018-06-30 | $3.29 Billion | -0.67% |
| 2017-06-30 | $3.31 Billion | -0.21% |
| 2016-06-30 | $3.31 Billion | -0.66% |
| 2015-06-30 | $3.34 Billion | +3.67% |
| 2014-06-30 | $3.22 Billion | +1.17% |
| 2013-06-30 | $3.18 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mercury NZ Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 87.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $60.00 Million | 1.22% |
| Common Stock | $416.00 Million | 8.48% |
| Other Comprehensive Income | $4.43 Billion | 90.29% |
| Total Equity | $4.90 Billion | 100.00% |
Mercury NZ Limited Competitors by Market Cap
The table below lists competitors of Mercury NZ Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blue Star Limited
NSE:BLUESTARCO
|
$2.69 Billion |
|
Acadia Realty Trust
NYSE:AKR
|
$2.69 Billion |
|
Remitly Global Inc
NASDAQ:RELY
|
$2.69 Billion |
|
Ventia Services Group Ltd
AU:VNT
|
$2.69 Billion |
|
Infrastrutture Wireless Italiane S.p.A
PINK:IFSUF
|
$2.68 Billion |
|
Jumbo S.A.
AT:BELA
|
$2.68 Billion |
|
Weihai Guangwei Composites Co Ltd
SHE:300699
|
$2.68 Billion |
|
Envestnet Inc
NYSE:ENV
|
$2.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercury NZ Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,849,000,000 to 4,903,000,000, a change of 54,000,000 (1.1%).
- Net income of 1,000,000 contributed positively to equity growth.
- Dividend payments of 256,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 309,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.00 Million | +0.02% |
| Dividends Paid | $256.00 Million | -5.22% |
| Other Comprehensive Income | $309.00 Million | +6.3% |
| Total Change | $- | 1.11% |
Book Value vs Market Value Analysis
This analysis compares Mercury NZ Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.78x to 1.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | $2.19 | $3.88 | x |
| 2014-06-30 | $2.23 | $3.88 | x |
| 2015-06-30 | $2.43 | $3.88 | x |
| 2016-06-30 | $2.41 | $3.88 | x |
| 2017-06-30 | $2.40 | $3.88 | x |
| 2018-06-30 | $2.39 | $3.88 | x |
| 2019-06-30 | $2.60 | $3.88 | x |
| 2020-06-30 | $2.75 | $3.88 | x |
| 2021-06-30 | $3.08 | $3.88 | x |
| 2022-06-30 | $3.48 | $3.88 | x |
| 2023-06-30 | $3.50 | $3.88 | x |
| 2024-06-30 | $3.49 | $3.88 | x |
| 2025-06-30 | $3.51 | $3.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercury NZ Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.03%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.03x
- Recent ROE (0.02%) is below the historical average (5.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 3.60% | 6.35% | 0.31x | 1.82x | $-203.47 Million |
| 2014 | 6.59% | 12.68% | 0.29x | 1.77x | $-109.90 Million |
| 2015 | 1.41% | 2.89% | 0.27x | 1.82x | $-286.70 Million |
| 2016 | 4.83% | 10.58% | 0.25x | 1.84x | $-171.50 Million |
| 2017 | 5.56% | 11.86% | 0.26x | 1.81x | $-146.80 Million |
| 2018 | 7.12% | 13.33% | 0.29x | 1.85x | $-94.60 Million |
| 2019 | 10.09% | 18.24% | 0.30x | 1.83x | $3.30 Million |
| 2020 | 5.54% | 11.94% | 0.25x | 1.84x | $-166.90 Million |
| 2021 | 3.37% | 7.03% | 0.25x | 1.91x | $-277.60 Million |
| 2022 | 9.87% | 22.10% | 0.22x | 2.03x | $-6.20 Million |
| 2023 | 2.12% | 3.77% | 0.29x | 1.94x | $-381.90 Million |
| 2024 | 5.98% | 8.45% | 0.35x | 2.02x | $-194.90 Million |
| 2025 | 0.02% | 0.03% | 0.35x | 2.03x | $-489.30 Million |
Industry Comparison
This section compares Mercury NZ Limited's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,059,000,861
- Average return on equity (ROE) among peers: -70.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercury NZ Limited (MGHTF) | $4.90 Billion | 3.60% | 1.03x | $2.69 Billion |
| ACLEW (ACLEW) | $-33.88 Million | 0.00% | 0.00x | $11.36 |
| Arsenal Digital Holdings Inc. (ADHI) | $1.69 Million | 12.00% | 0.10x | $458.16 |
| AGIG (AGIG) | $-1.03 Million | 0.00% | 0.00x | $16.94K |
| Aker Horizons ASA (AKHOF) | $9.99 Billion | -19.54% | 2.26x | $39.77 Million |
| Alternus Energy Group Plc (ALCE) | $16.59 Million | -113.04% | 11.63x | $698.55K |
| Alaska Hydro Corporation (ALKHF) | $-562.11K | 0.00% | 0.00x | $3.01K |
| Altus Power Inc (AMPS) | $463.06 Million | 11.97% | 1.97x | $266.49 Million |
| Astra Energy Inc (ASRE) | $1.75 Million | -596.04% | 3.32x | $683.50K |
| Altius Renewable Royalties Corp (ATRWF) | $159.06 Million | -2.15% | 0.04x | $105.47 Million |
| Atlantic Wind & Solar Inc (AWSL) | $-2.66 Million | 0.00% | 0.00x | $322.80 |