EMERA INC (EMA.CA) Stock Fundamental Analysis

TSX:EMA • CA2908761018

70.97 CAD
+1.35 (+1.94%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Taking everything into account, EMA scores 3 out of 10 in our fundamental rating. EMA was compared to 18 industry peers in the Electric Utilities industry. EMA may be in some trouble as it scores bad on both profitability and health. EMA is quite expensive at the moment. It does show a decent growth rate. Finally EMA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year EMA was profitable.
  • EMA had a positive operating cash flow in the past year.
  • Each year in the past 5 years EMA has been profitable.
  • EMA had a positive operating cash flow in each of the past 5 years.
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 (2.56%) which is in line with its industry peers.
  • EMA has a Return On Equity of 8.29%. This is comparable to the rest of the industry: EMA outperforms 50.00% of its industry peers.
  • The Return On Invested Capital of EMA (3.70%) is worse than 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 4.05%.
  • The 3 year average ROIC (3.14%) for EMA is below the current ROIC(3.70%), indicating increased profibility in the last year.
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 2025 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.
  • The Operating Margin of EMA (23.65%) is worse than 88.89% of its industry peers.
  • EMA's Operating Margin has declined in the last couple of years.
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 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EMA 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.
  • The debt/assets ratio for EMA is higher compared to a year ago.
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

  • Based on the Altman-Z score of 0.79, we must say that EMA is in the distress zone and has some risk of bankruptcy.
  • With an excellent Altman-Z score value of 0.79, 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 1.47. This is a high value indicating a heavy dependency on external 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
WACC5.9%
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 0.72 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.
  • A Quick Ratio of 0.57 indicates that EMA may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.57, EMA is in line with its industry, outperforming 55.56% of the companies in the same industry.
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 2025 2B 4B 6B

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

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 19.05% over the past year.
  • 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.
  • Looking at the last year, EMA shows a decrease in Revenue. The Revenue has decreased by -4.80% in the last year.
  • EMA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.33% yearly.
EPS 1Y (TTM)19.05%
EPS 3Y1.4%
EPS 5Y2.49%
EPS Q2Q%-34.52%
Revenue 1Y (TTM)-4.8%
Revenue growth 3Y7.69%
Revenue growth 5Y3.33%
Sales Q2Q%13.78%

3.2 Future

  • EMA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.23% yearly.
  • 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 Year13.77%
Revenue Next 2Y3.1%
Revenue Next 3Y5.25%
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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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 20.28, which indicates a rather expensive current valuation of EMA.
  • 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.
  • EMA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.10.
  • EMA is valuated rather expensively with a Price/Forward Earnings ratio of 19.99.
  • 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.
  • EMA's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 20.28
Fwd PE 19.99
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
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)0.94
PEG (5Y)8.15
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

  • With a Yearly Dividend Yield of 5.48%, EMA is a good candidate for dividend investing.
  • EMA's Dividend Yield is rather good when compared to the industry average which is at 4.08. EMA pays more dividend than 94.44% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, EMA pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.48%

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

  • 57.91% of the earnings are spent on dividend by EMA. This is a bit on the high side, but may be sustainable.
  • The dividend of EMA is growing, but earnings are growing more, so the dividend growth is 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 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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EMERA INC

TSX:EMA (2/27/2026, 7:00:00 PM)

70.97

+1.35 (+1.94%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-23
Earnings (Next)05-06
Inst Owners59.26%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap21.42B
Revenue(TTM)7.20B
Net Income(TTM)1.10B
Analysts67.37
Price Target71.66 (0.97%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.48%
Yearly Dividend2.18
Dividend Growth(5Y)3.41%
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)0.22%
PT rev (3m)1.74%
EPS NQ rev (1m)-8.79%
EPS NQ rev (3m)-10.47%
EPS NY rev (1m)0%
EPS NY rev (3m)0.28%
Revenue NQ rev (1m)-34.26%
Revenue NQ rev (3m)-40.69%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)0.11%
Valuation
Industry RankSector Rank
PE 20.28
Fwd PE 19.99
P/S 2.51
P/FCF N/A
P/OCF 9.38
P/B 1.61
P/tB 2.89
EV/EBITDA 12
EPS(TTM)3.5
EY4.93%
EPS(NY)3.55
Fwd EY5%
FCF(TTM)-4.01
FCFYN/A
OCF(TTM)7.57
OCFY10.67%
SpS28.28
BVpS44
TBVpS24.59
PEG (NY)0.94
PEG (5Y)8.15
Graham Number58.86
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
WACC5.9%
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)19.05%
EPS 3Y1.4%
EPS 5Y2.49%
EPS Q2Q%-34.52%
EPS Next Y21.58%
EPS Next 2Y9.9%
EPS Next 3Y7.77%
EPS Next 5Y8.23%
Revenue 1Y (TTM)-4.8%
Revenue growth 3Y7.69%
Revenue growth 5Y3.33%
Sales Q2Q%13.78%
Revenue Next Year13.77%
Revenue Next 2Y3.1%
Revenue Next 3Y5.25%
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 20.28 and the Price/Book (PB) ratio is 1.61.


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.