EMERA INC (EMA.CA) Stock Fundamental Analysis

TSX:EMA • CA2908761018

70.14 CAD
+1.48 (+2.16%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall EMA gets a fundamental rating of 3 out of 10. We evaluated EMA against 18 industry peers in the Electric Utilities industry. EMA has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, EMA is valued expensive at the moment. Finally EMA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • EMA had positive earnings in the past year.
  • In the past year EMA had a positive cash flow from operations.
  • Each year in the past 5 years EMA has been profitable.
  • In the past 5 years EMA always reported a positive cash flow from operatings.
EMA.CA Yearly Net Income VS EBIT VS OCF VS FCFEMA.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.56%, EMA is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • The Return On Equity of EMA (8.29%) is comparable to the rest of the industry.
  • EMA has a Return On Invested Capital of 3.70%. This is amonst the worse of the industry: EMA underperforms 94.44% of its industry peers.
  • EMA had an Average Return On Invested Capital over the past 3 years of 3.14%. This is in line with the industry average of 4.03%.
  • The last Return On Invested Capital (3.70%) for EMA is above the 3 year average (3.14%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.56%
ROE 8.29%
ROIC 3.7%
ROA(3y)2%
ROA(5y)2.1%
ROE(3y)6.7%
ROE(5y)7.06%
ROIC(3y)3.14%
ROIC(5y)2.92%
EMA.CA Yearly ROA, ROE, ROICEMA.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • With a Profit Margin value of 12.89%, EMA is not doing good in the industry: 94.44% of the companies in the same industry are doing better.
  • In the last couple of years the Profit Margin of EMA has declined.
  • EMA has a Operating Margin of 23.65%. This is amonst the worse of the industry: EMA underperforms 88.89% of its industry peers.
  • In the last couple of years the Operating Margin of EMA has declined.
Industry RankSector Rank
OM 23.65%
PM (TTM) 12.89%
GM N/A
OM growth 3Y3.96%
OM growth 5Y-4.26%
PM growth 3Y-8.12%
PM growth 5Y-8.76%
GM growth 3YN/A
GM growth 5YN/A
EMA.CA Yearly Profit, Operating, Gross MarginsEMA.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • EMA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for EMA has been increased compared to 1 year ago.
  • The number of shares outstanding for EMA has been increased compared to 5 years ago.
  • EMA has a better debt/assets ratio than last year.
EMA.CA Yearly Shares OutstandingEMA.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
EMA.CA Yearly Total Debt VS Total AssetsEMA.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.2 Solvency

  • EMA has an Altman-Z score of 0.79. This is a bad value and indicates that EMA is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.79, EMA belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • A Debt/Equity ratio of 1.47 is on the high side and indicates that EMA has dependencies on debt financing.
  • EMA has a Debt to Equity ratio of 1.47. This is amonst the worse of the industry: EMA underperforms 94.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF N/A
Altman-Z 0.79
ROIC/WACC0.63
WACC5.88%
EMA.CA Yearly LT Debt VS Equity VS FCFEMA.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 0.72 indicates that EMA may have some problems paying its short term obligations.
  • EMA has a Current ratio (0.72) which is in line with its industry peers.
  • EMA has a Quick Ratio of 0.72. This is a bad value and indicates that EMA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • EMA's Quick ratio of 0.57 is in line compared to the rest of the industry. EMA outperforms 55.56% of its industry peers.
Industry RankSector Rank
Current Ratio 0.72
Quick Ratio 0.57
EMA.CA Yearly Current Assets VS Current LiabilitesEMA.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • EMA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 38.83%, which is quite impressive.
  • Measured over the past 5 years, EMA shows a small growth in Earnings Per Share. The EPS has been growing by 2.49% on average per year.
  • The Revenue has grown by 15.17% in the past year. This is quite good.
  • EMA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.33% yearly.
EPS 1Y (TTM)38.83%
EPS 3Y1.4%
EPS 5Y2.49%
EPS Q2Q%8.64%
Revenue 1Y (TTM)15.17%
Revenue growth 3Y7.69%
Revenue growth 5Y3.33%
Sales Q2Q%16.87%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.23% on average over the next years. This is quite good.
  • Based on estimates for the next years, EMA will show a small growth in Revenue. The Revenue will grow by 2.25% on average per year.
EPS Next Y21.58%
EPS Next 2Y9.9%
EPS Next 3Y7.77%
EPS Next 5Y8.23%
Revenue Next Year14.29%
Revenue Next 2Y4.69%
Revenue Next 3Y6.1%
Revenue Next 5Y2.25%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
EMA.CA Yearly Revenue VS EstimatesEMA.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B
EMA.CA Yearly EPS VS EstimatesEMA.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 18.51, which indicates a rather expensive current valuation of EMA.
  • Based on the Price/Earnings ratio, EMA is valued expensively inside the industry as 83.33% of the companies are valued cheaper.
  • EMA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.19.
  • With a Price/Forward Earnings ratio of 19.75, EMA is valued on the expensive side.
  • EMA's Price/Forward Earnings ratio is rather expensive when compared to the industry. EMA is more expensive than 83.33% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, EMA is valued a bit cheaper.
Industry RankSector Rank
PE 18.51
Fwd PE 19.75
EMA.CA Price Earnings VS Forward Price EarningsEMA.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, EMA is valued expensively inside the industry as 83.33% of the companies are valued cheaper.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.05
EMA.CA Per share dataEMA.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • EMA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.86
PEG (5Y)7.44
EPS Next 2Y9.9%
EPS Next 3Y7.77%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. Dividend

5.1 Amount

  • EMA has a Yearly Dividend Yield of 4.27%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.84, EMA pays a better dividend. On top of this EMA pays more dividend than 94.44% of the companies listed in the same industry.
  • EMA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.27%

5.2 History

  • The dividend of EMA has a limited annual growth rate of 3.46%.
  • EMA has paid a dividend for at least 10 years, which is a reliable track record.
  • EMA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.46%
Div Incr Years18
Div Non Decr Years26
EMA.CA Yearly Dividends per shareEMA.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • 57.91% of the earnings are spent on dividend by EMA. This is a bit on the high side, but may be sustainable.
  • EMA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP57.91%
EPS Next 2Y9.9%
EPS Next 3Y7.77%
EMA.CA Yearly Income VS Free CF VS DividendEMA.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M -1B -1.5B
EMA.CA Dividend Payout.EMA.CA Dividend Payout, showing the Payout Ratio.EMA.CA Dividend Payout.PayoutRetained Earnings

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EMERA INC

TSX:EMA (2/13/2026, 7:00:00 PM)

70.14

+1.48 (+2.16%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-07
Earnings (Next)02-23
Inst Owners59.26%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap21.16B
Revenue(TTM)8.53B
Net Income(TTM)1.10B
Analysts67.37
Price Target71.24 (1.57%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.27%
Yearly Dividend2.11
Dividend Growth(5Y)3.46%
DP57.91%
Div Incr Years18
Div Non Decr Years26
Ex-Date01-30
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.31%
Min EPS beat(2)0.29%
Max EPS beat(2)20.34%
EPS beat(4)4
Avg EPS beat(4)14.36%
Min EPS beat(4)0.29%
Max EPS beat(4)27.9%
EPS beat(8)5
Avg EPS beat(8)3.93%
EPS beat(12)8
Avg EPS beat(12)5.19%
EPS beat(16)9
Avg EPS beat(16)3.56%
Revenue beat(2)1
Avg Revenue beat(2)1.8%
Min Revenue beat(2)-7.41%
Max Revenue beat(2)11.02%
Revenue beat(4)2
Avg Revenue beat(4)2.24%
Min Revenue beat(4)-13.96%
Max Revenue beat(4)19.3%
Revenue beat(8)2
Avg Revenue beat(8)-3.63%
Revenue beat(12)4
Avg Revenue beat(12)1.72%
Revenue beat(16)8
Avg Revenue beat(16)3.07%
PT rev (1m)-0.33%
PT rev (3m)3.24%
EPS NQ rev (1m)-8.2%
EPS NQ rev (3m)-12.33%
EPS NY rev (1m)0.12%
EPS NY rev (3m)0.28%
Revenue NQ rev (1m)-30.73%
Revenue NQ rev (3m)-37.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.58%
Valuation
Industry RankSector Rank
PE 18.51
Fwd PE 19.75
P/S 2.48
P/FCF N/A
P/OCF 9.27
P/B 1.59
P/tB 2.85
EV/EBITDA 12.05
EPS(TTM)3.79
EY5.4%
EPS(NY)3.55
Fwd EY5.06%
FCF(TTM)-4.01
FCFYN/A
OCF(TTM)7.57
OCFY10.79%
SpS28.28
BVpS44
TBVpS24.59
PEG (NY)0.86
PEG (5Y)7.44
Graham Number61.25
Profitability
Industry RankSector Rank
ROA 2.56%
ROE 8.29%
ROCE 5.33%
ROIC 3.7%
ROICexc 3.72%
ROICexgc 4.38%
OM 23.65%
PM (TTM) 12.89%
GM N/A
FCFM N/A
ROA(3y)2%
ROA(5y)2.1%
ROE(3y)6.7%
ROE(5y)7.06%
ROIC(3y)3.14%
ROIC(5y)2.92%
ROICexc(3y)3.18%
ROICexc(5y)2.95%
ROICexgc(3y)3.8%
ROICexgc(5y)3.58%
ROCE(3y)4.61%
ROCE(5y)4.29%
ROICexgc growth 3Y1.9%
ROICexgc growth 5Y-7.94%
ROICexc growth 3Y3.35%
ROICexc growth 5Y-6.78%
OM growth 3Y3.96%
OM growth 5Y-4.26%
PM growth 3Y-8.12%
PM growth 5Y-8.76%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF N/A
Debt/EBITDA 5.99
Cap/Depr 279.52%
Cap/Sales 40.95%
Interest Coverage 250
Cash Conversion 69.89%
Profit Quality N/A
Current Ratio 0.72
Quick Ratio 0.57
Altman-Z 0.79
F-Score7
WACC5.88%
ROIC/WACC0.63
Cap/Depr(3y)272.75%
Cap/Depr(5y)273.57%
Cap/Sales(3y)38.94%
Cap/Sales(5y)41.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)38.83%
EPS 3Y1.4%
EPS 5Y2.49%
EPS Q2Q%8.64%
EPS Next Y21.58%
EPS Next 2Y9.9%
EPS Next 3Y7.77%
EPS Next 5Y8.23%
Revenue 1Y (TTM)15.17%
Revenue growth 3Y7.69%
Revenue growth 5Y3.33%
Sales Q2Q%16.87%
Revenue Next Year14.29%
Revenue Next 2Y4.69%
Revenue Next 3Y6.1%
Revenue Next 5Y2.25%
EBIT growth 1Y28.78%
EBIT growth 3Y11.95%
EBIT growth 5Y-1.07%
EBIT Next Year99.77%
EBIT Next 3Y30.22%
EBIT Next 5Y19.41%
FCF growth 1Y-2.63%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y28.6%
OCF growth 3Y30.7%
OCF growth 5Y11.65%

EMERA INC / EMA.CA FAQ

What is the fundamental rating for EMA stock?

ChartMill assigns a fundamental rating of 3 / 10 to EMA.CA.


Can you provide the valuation status for EMERA INC?

ChartMill assigns a valuation rating of 2 / 10 to EMERA INC (EMA.CA). This can be considered as Overvalued.


What is the profitability of EMA stock?

EMERA INC (EMA.CA) has a profitability rating of 3 / 10.


What are the PE and PB ratios of EMERA INC (EMA.CA) stock?

The Price/Earnings (PE) ratio for EMERA INC (EMA.CA) is 18.51 and the Price/Book (PB) ratio is 1.59.


What is the expected EPS growth for EMERA INC (EMA.CA) stock?

The Earnings per Share (EPS) of EMERA INC (EMA.CA) is expected to grow by 21.58% in the next year.