EMERA INC (EMA.CA) Fundamental Analysis & Valuation

TSX:EMA • CA2908761018

Current stock price

70.55 CAD
+0.95 (+1.36%)
Last:

This EMA.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. EMA.CA Profitability Analysis

1.1 Basic Checks

  • In the past year EMA was profitable.
  • In the past year EMA had a positive cash flow from operations.
  • EMA had positive earnings in each of the past 5 years.
  • 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 2025 0 1B -1B 2B

1.2 Ratios

  • EMA has a Return On Assets of 2.26%. This is amonst the worse of the industry: EMA underperforms 94.44% of its industry peers.
  • EMA has a Return On Equity of 7.58%. This is comparable to the rest of the industry: EMA outperforms 50.00% of its industry peers.
  • The Return On Invested Capital of EMA (3.69%) is worse than 94.44% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for EMA is in line with the industry average of 4.07%.
  • The 3 year average ROIC (3.21%) for EMA is below the current ROIC(3.69%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.26%
ROE 7.58%
ROIC 3.69%
ROA(3y)1.96%
ROA(5y)1.95%
ROE(3y)6.47%
ROE(5y)6.54%
ROIC(3y)3.21%
ROIC(5y)3.05%
EMA.CA Yearly ROA, ROE, ROICEMA.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • EMA's Profit Margin of 11.55% is on the low side compared to the rest of the industry. EMA is outperformed by 94.44% of its industry peers.
  • EMA's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 23.36%, EMA is doing worse than 88.89% of the companies in the same industry.
  • In the last couple of years the Operating Margin of EMA has grown nicely.
Industry RankSector Rank
OM 23.36%
PM (TTM) 11.55%
GM N/A
OM growth 3Y1.36%
OM growth 5Y1.88%
PM growth 3Y-2.47%
PM growth 5Y-7.47%
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 2025 20 40 60 80

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1

2. EMA.CA Health Analysis

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.
  • Compared to 1 year ago, EMA has more shares outstanding
  • The number of shares outstanding for EMA has been increased compared to 5 years ago.
  • EMA has a worse 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 2025 100M 200M 300M
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 2025 10B 20B 30B 40B

2.2 Solvency

  • EMA has an Altman-Z score of 0.74. This is a bad value and indicates that EMA is not financially healthy and even has some risk of bankruptcy.
  • With an excellent Altman-Z score value of 0.74, EMA belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • EMA has a Debt/Equity ratio of 1.51. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.51, EMA is not doing good in the industry: 94.44% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.51
Debt/FCF N/A
Altman-Z 0.74
ROIC/WACC0.64
WACC5.75%
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 2025 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 0.66 indicates that EMA may have some problems paying its short term obligations.
  • EMA has a Current ratio of 0.66. This is in the better half of the industry: EMA outperforms 61.11% of its industry peers.
  • A Quick Ratio of 0.54 indicates that EMA may have some problems paying its short term obligations.
  • The Quick ratio of EMA (0.54) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.66
Quick Ratio 0.54
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 2025 2B 4B 6B

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

5

3. EMA.CA Growth Analysis

3.1 Past

  • EMA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.05%, which is quite good.
  • Measured over the past 5 years, EMA shows a small growth in Earnings Per Share. The EPS has been growing by 5.41% on average per year.
  • The Revenue has grown by 21.89% in the past year. This is a very strong growth!
  • The Revenue has been growing by 9.77% on average over the past years. This is quite good.
EPS 1Y (TTM)19.05%
EPS 3Y3.03%
EPS 5Y5.41%
EPS Q2Q%-34.52%
Revenue 1Y (TTM)21.89%
Revenue growth 3Y4.97%
Revenue growth 5Y9.77%
Sales Q2Q%13.78%

3.2 Future

  • Based on estimates for the next years, EMA will show a small growth in Earnings Per Share. The EPS will grow by 5.92% on average per year.
  • The Revenue is expected to grow by 0.35% on average over the next years.
EPS Next Y0.67%
EPS Next 2Y2.1%
EPS Next 3Y4.25%
EPS Next 5Y5.92%
Revenue Next Year-7.43%
Revenue Next 2Y1.45%
Revenue Next 3Y4.35%
Revenue Next 5Y0.35%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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 10B
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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1

4. EMA.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • EMA is valuated rather expensively with a Price/Earnings ratio of 20.16.
  • Compared to the rest of the industry, the Price/Earnings ratio of EMA indicates a rather expensive valuation: EMA more expensive than 83.33% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of EMA to the average of the S&P500 Index (25.61), we can say EMA is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 20.02 indicates a rather expensive valuation of EMA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of EMA indicates a rather expensive valuation: EMA more expensive than 83.33% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.79. EMA is around the same levels.
Industry RankSector Rank
PE 20.16
Fwd PE 20.02
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 more expensive than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.13
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)30.08
PEG (5Y)3.73
EPS Next 2Y2.1%
EPS Next 3Y4.25%

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

8

5. EMA.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.08%, EMA is a good candidate for dividend investing.
  • EMA's Dividend Yield is rather good when compared to the industry average which is at 3.72. EMA pays more dividend than 94.44% of the companies in the same industry.
  • EMA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 4.08%

5.2 History

  • The dividend of EMA has a limited annual growth rate of 3.41%.
  • EMA has been paying a dividend for at least 10 years, so it has a reliable track record.
  • EMA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.41%
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

  • EMA pays out 64.20% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of EMA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP64.2%
EPS Next 2Y2.1%
EPS Next 3Y4.25%
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 2025 0 500M -500M 1B -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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EMA.CA Fundamentals: All Metrics, Ratios and Statistics

EMERA INC

TSX:EMA (3/25/2026, 7:00:00 PM)

70.55

+0.95 (+1.36%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-23
Earnings (Next)05-06
Inst Owners58.87%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap21.30B
Revenue(TTM)8.78B
Net Income(TTM)1.01B
Analysts67.37
Price Target71.66 (1.57%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.08%
Yearly Dividend2.18
Dividend Growth(5Y)3.41%
DP64.2%
Div Incr Years18
Div Non Decr Years26
Ex-Date01-30
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.91%
Min EPS beat(2)-2.12%
Max EPS beat(2)0.29%
EPS beat(4)3
Avg EPS beat(4)11.6%
Min EPS beat(4)-2.12%
Max EPS beat(4)27.9%
EPS beat(8)5
Avg EPS beat(8)5.13%
EPS beat(12)7
Avg EPS beat(12)2.4%
EPS beat(16)9
Avg EPS beat(16)3.59%
Revenue beat(2)2
Avg Revenue beat(2)30.92%
Min Revenue beat(2)11.02%
Max Revenue beat(2)50.83%
Revenue beat(4)3
Avg Revenue beat(4)18.43%
Min Revenue beat(4)-7.41%
Max Revenue beat(4)50.83%
Revenue beat(8)3
Avg Revenue beat(8)3.61%
Revenue beat(12)4
Avg Revenue beat(12)1.42%
Revenue beat(16)8
Avg Revenue beat(16)6.2%
PT rev (1m)0.58%
PT rev (3m)2.27%
EPS NQ rev (1m)-16.8%
EPS NQ rev (3m)4.06%
EPS NY rev (1m)-0.78%
EPS NY rev (3m)-0.46%
Revenue NQ rev (1m)-7.76%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.92%
Revenue NY rev (3m)-4.72%
Valuation
Industry RankSector Rank
PE 20.16
Fwd PE 20.02
P/S 2.43
P/FCF N/A
P/OCF 11.82
P/B 1.59
P/tB 2.73
EV/EBITDA 12.13
EPS(TTM)3.5
EY4.96%
EPS(NY)3.52
Fwd EY4.99%
FCF(TTM)-5.73
FCFYN/A
OCF(TTM)5.97
OCFY8.46%
SpS29.07
BVpS44.33
TBVpS25.84
PEG (NY)30.08
PEG (5Y)3.73
Graham Number59.08
Profitability
Industry RankSector Rank
ROA 2.26%
ROE 7.58%
ROCE 5.37%
ROIC 3.69%
ROICexc 3.72%
ROICexgc 4.33%
OM 23.36%
PM (TTM) 11.55%
GM N/A
FCFM N/A
ROA(3y)1.96%
ROA(5y)1.95%
ROE(3y)6.47%
ROE(5y)6.54%
ROIC(3y)3.21%
ROIC(5y)3.05%
ROICexc(3y)3.25%
ROICexc(5y)3.09%
ROICexgc(3y)3.83%
ROICexgc(5y)3.68%
ROCE(3y)4.65%
ROCE(5y)4.47%
ROICexgc growth 3Y0.67%
ROICexgc growth 5Y2.51%
ROICexc growth 3Y1.94%
ROICexc growth 5Y4.14%
OM growth 3Y1.36%
OM growth 5Y1.88%
PM growth 3Y-2.47%
PM growth 5Y-7.47%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 1.51
Debt/FCF N/A
Debt/EBITDA 6.05
Cap/Depr 272.11%
Cap/Sales 40.25%
Interest Coverage 2.04
Cash Conversion 53.82%
Profit Quality N/A
Current Ratio 0.66
Quick Ratio 0.54
Altman-Z 0.74
F-Score7
WACC5.75%
ROIC/WACC0.64
Cap/Depr(3y)273.22%
Cap/Depr(5y)269.63%
Cap/Sales(3y)40.95%
Cap/Sales(5y)39.6%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)19.05%
EPS 3Y3.03%
EPS 5Y5.41%
EPS Q2Q%-34.52%
EPS Next Y0.67%
EPS Next 2Y2.1%
EPS Next 3Y4.25%
EPS Next 5Y5.92%
Revenue 1Y (TTM)21.89%
Revenue growth 3Y4.97%
Revenue growth 5Y9.77%
Sales Q2Q%13.78%
Revenue Next Year-7.43%
Revenue Next 2Y1.45%
Revenue Next 3Y4.35%
Revenue Next 5Y0.35%
EBIT growth 1Y57.09%
EBIT growth 3Y6.4%
EBIT growth 5Y11.83%
EBIT Next Year92.58%
EBIT Next 3Y31.86%
EBIT Next 5Y23.03%
FCF growth 1Y-242.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-31.9%
OCF growth 3Y25.44%
OCF growth 5Y1.94%

EMERA INC / EMA.CA Fundamental Analysis 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 1 / 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 4 / 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 20.16 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 0.67% in the next year.