EMERA INC (EMA.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:EMA • CA2908761018

67.37 CAD
-1.32 (-1.92%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

EMA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 18 industry peers in the Electric Utilities industry. EMA may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, EMA is valued expensive at the moment. 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.
  • EMA had positive earnings in each of the past 5 years.
  • Each year in the past 5 years EMA had a positive operating cash flow.
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

  • EMA has a Return On Assets (2.56%) which is comparable to the rest of the industry.
  • EMA has a Return On Equity (8.29%) which is comparable to the rest of the industry.
  • EMA has a worse Return On Invested Capital (3.70%) 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 4.03%.
  • 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 2 4 6 8 10

1.3 Margins

  • The Profit Margin of EMA (12.89%) is worse than 94.44% of its industry peers.
  • In the last couple of years the Profit Margin of EMA has declined.
  • With a Operating Margin value of 23.65%, EMA is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
  • 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 20 40 60 80

More info and screens

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.
  • EMA has more shares outstanding than it did 1 year ago.
  • EMA has more shares outstanding than it did 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

  • Based on the Altman-Z score of 0.78, we must say that EMA is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.78, EMA belongs to the top 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 0.78
ROIC/WACC0.63
WACC5.84%
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.
  • With a Current ratio value of 0.72, EMA perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
  • A Quick Ratio of 0.57 indicates that EMA may have some problems paying its short term obligations.
  • EMA has a Quick ratio (0.57) which is comparable to the rest of the 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 2B 4B 6B

More info and screens

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

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 38.83% 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.
  • The Revenue has grown by 15.17% in the past year. This is quite good.
  • Measured over the past years, EMA shows a small growth in Revenue. The Revenue has been growing by 3.33% on average per year.
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 7.96% on average over the next years.
  • EMA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.56% yearly.
EPS Next Y21.58%
EPS Next 2Y9.9%
EPS Next 3Y7.77%
EPS Next 5Y7.96%
Revenue Next Year14.29%
Revenue Next 2Y4.69%
Revenue Next 3Y6.1%
Revenue Next 5Y2.56%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • EMA is valuated rather expensively with a Price/Earnings ratio of 17.78.
  • 83.33% of the companies in the same industry are cheaper than EMA, based on the Price/Earnings ratio.
  • EMA is valuated rather cheaply when we compare the Price/Earnings ratio to 27.92, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 18.97, the valuation of EMA can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, EMA is valued expensively inside the industry as 83.33% of the companies are valued cheaper.
  • When comparing the Price/Forward Earnings ratio of EMA to the average of the S&P500 Index (27.78), we can say EMA is valued slightly cheaper.
Industry RankSector Rank
PE 17.78
Fwd PE 18.97
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 11.89
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.82
PEG (5Y)7.14
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 4.27%, EMA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.05, EMA pays a better dividend. On top of this EMA pays more dividend than 94.44% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, EMA pays a better dividend.
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 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)3.46%
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

  • EMA pays out 57.91% of its income as dividend. 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

More info and screens

Find the best dividend stocksShow peers with best dividend

EMERA INC

TSX:EMA (2/6/2026, 7:00:00 PM)

67.37

-1.32 (-1.92%)

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 Cap20.26B
Revenue(TTM)8.53B
Net Income(TTM)1.10B
Analysts70
Price Target71.24 (5.74%)
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)-0.55%
PT rev (3m)3.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.5%
EPS NY rev (1m)0.12%
EPS NY rev (3m)0.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)19.58%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.71%
Valuation
Industry RankSector Rank
PE 17.78
Fwd PE 18.97
P/S 2.37
P/FCF N/A
P/OCF 8.87
P/B 1.53
P/tB 2.73
EV/EBITDA 11.89
EPS(TTM)3.79
EY5.63%
EPS(NY)3.55
Fwd EY5.27%
FCF(TTM)-4.02
FCFYN/A
OCF(TTM)7.6
OCFY11.27%
SpS28.38
BVpS44.16
TBVpS24.67
PEG (NY)0.82
PEG (5Y)7.14
Graham Number61.36
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 0.78
F-Score7
WACC5.84%
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 5Y7.96%
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 5Y2.56%
EBIT growth 1Y28.78%
EBIT growth 3Y11.95%
EBIT growth 5Y-1.07%
EBIT Next Year99.77%
EBIT Next 3Y30.22%
EBIT Next 5Y20.2%
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 17.78 and the Price/Book (PB) ratio is 1.53.


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.