profit from every SEK 100 of sales.
SEK 0SEK 100
Meren Energy
SEK 13.70+1.03% today
+16.0% in 1 year
1-year low SEK 11.791-year high SEK 17.15
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Meren Energy sold, what it kept, and what it did with the cash.
Sales went from $0 in 2022 to $562 million in 2025, with -$31.6 million of profit last year.
SalesProfit
Meren Energy handed back 55% of the cash it generated last year.
$100M
Free cash flow 2025$197M
Bought back its own shares$8M
Paid as dividends$100M
Cash vs. debt$175M vs. $334M
Meren Energy vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from SEK 100 of sales | Sales growth a year | Price per SEK 1 of profit |
|---|---|---|---|
| Meren Energy | No profit yet | ||
 CNOOC | 11.6× · Cheap | ||
 ConocoPhillips | 20.1× · Fair price | ||
 Canadian Natural Resources | 12.9× · Cheap | ||
 EOG Resources | 15.8× · Fair price |
AI analysis
An AI analyst reads Meren Energy's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 0 | 0 | 0 | 562 | |
| – | – | 0 | 36 | |
| -27 | -32 | -32 | -0 | |
| -57 | 95 | -279 | 260 | |
| -60 | 87 | -279 | -32 | |
| -0.13 | 0.18 | -0.62 | -0.05 | |
| – | – | – | 6.4% | |
| – | – | – | -0.1% | |
| – | – | – | -5.6% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 918 | 966 | 615 | 1,952 |
| Cash | 200 | 232 | 61 | 175 |
| Total debt | – | 0 | 3 | 334 |
| Total liabilities | 87 | 72 | 66 | 1,186 |
| 831 | 895 | 549 | 766 | |
| 474 | 473 | 449 | 624 | |
| -5.4% | 8.4% | -40.1% | 3.7% | |
| -7.3% | 9.7% | -50.9% | -4.1% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -16 | -53 | -49 | 273 | |
| 3 | 15 | 8 | 76 | |
| -19 | -69 | -56 | 197 | |
| Dividends paid | 24 | 23 | 23 | 100 |
| 40 | 6 | 45 | 8 | |
| 10 | 11 | 2 | – |
Valuation
- –
- –
- –
- 13.0×
- 1.7×
- 4.8×
- 4.2×
- 20.9%
- -3.4%
- 10.7%
Profitability
- 6.4%
- -0.1%
- -5.6%
- –
- 3.7%
- -8.4%
- –
- –
- –
- –
Growth
- –
- –
- –
- –
- +9.6%
Financial health
- 0.6×
- 0.44
- –
- 1.3×
- 0.95
- –
- –
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 24%of 464
Bottom 8%of 463
Top 6%of 456
10.7%of the share price, paid each year
On $1,000 invested$107a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
: 51.0%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
29No pass
Benjamin Graham
21No pass
Philip Fisher
29No pass
Peter Lynch
43No pass
Joel Greenblatt
14No pass
Charlie Munger
16No pass
Terry Smith
19No pass
Questions about Meren Energy
Is Meren Energy a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Meren Energy AI analysis
What does Meren Energy do?
Meren Energy Inc., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deepwater Nigeria. It is in Oil & Gas E&P, based in Vancouver, BC, Canada, with 50 employees.
Does Meren Energy pay a dividend?
Yes. At today's price the dividend is 10.7% a year. In 2025 it paid out SEK 100 million in dividends.
Is Meren Energy stock halal?
No. Meren Energy does not pass our halal screen: its debt is 36% of its market value, at or above the 33% limit. How we check
How has Meren Energy stock done over the past year?
Up 16.0% over the past twelve months, to SEK 13.70. It traded between SEK 11.79 and SEK 17.15 and is 20.1% below its high.
Who are Meren Energy's competitors?
The largest listed companies in the same industry are CNOOC, ConocoPhillips, Canadian Natural Resources and EOG Resources. The peers table on this page compares their profit, growth and price with Meren Energy's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.