EMERA INC (EMA.CA) Stock Fundamental Analysis

TSX:EMA • CA2908761018

69.8 CAD
-0.34 (-0.48%)
Last: Feb 18, 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

  • In the past year EMA was profitable.
  • In the past year EMA had a positive cash flow from operations.
  • Each year in the past 5 years EMA has been profitable.
  • 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's Return On Assets of 2.56% is in line compared to the rest of the industry. EMA outperforms 50.00% of its industry peers.
  • EMA has a Return On Equity (8.29%) which is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 3.70%, EMA is not doing good in the industry: 94.44% of the companies in the same industry are doing better.
  • The Average Return On Invested Capital over the past 3 years 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

  • Looking at the Profit Margin, with a value of 12.89%, EMA is doing worse than 94.44% of the companies in the same industry.
  • 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.
  • 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

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.
  • Compared to 1 year ago, EMA has an improved debt to assets ratio.
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 0.79, we must say that EMA is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of EMA (0.79) is better than 83.33% of its industry peers.
  • A Debt/Equity ratio of 1.47 is on the high side and indicates that EMA has dependencies on debt financing.
  • The Debt to Equity ratio of EMA (1.47) is worse than 94.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF N/A
Altman-Z 0.79
ROIC/WACC0.63
WACC5.89%
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 comparable to the rest of the 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

  • 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.
  • 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

  • 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.
  • The Revenue is expected to grow by 2.25% on average over the next years.
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

  • 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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • With a Price/Earnings ratio of 18.42, EMA is valued on the expensive side.
  • Based on the Price/Earnings ratio, EMA is valued more expensive than 83.33% of the companies in the same industry.
  • EMA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.27.
  • EMA is valuated rather expensively with a Price/Forward Earnings ratio of 19.66.
  • Based on the Price/Forward Earnings ratio, EMA is valued more expensive than 83.33% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.16, EMA is valued a bit cheaper.
Industry RankSector Rank
PE 18.42
Fwd PE 19.66
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

  • EMA's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. EMA is more expensive than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.09
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)0.85
PEG (5Y)7.4
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.
  • EMA's Dividend Yield is rather good when compared to the industry average which is at 3.84. EMA pays more dividend than 94.44% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.84, 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 paid a dividend for at least 10 years, which is a reliable track record.
  • EMA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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 (2/18/2026, 7:00:00 PM)

69.8

-0.34 (-0.48%)

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 Cap21.06B
Revenue(TTM)8.53B
Net Income(TTM)1.10B
Analysts67.37
Price Target71.24 (2.06%)
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 18.42
Fwd PE 19.66
P/S 2.47
P/FCF N/A
P/OCF 9.22
P/B 1.59
P/tB 2.84
EV/EBITDA 12.09
EPS(TTM)3.79
EY5.43%
EPS(NY)3.55
Fwd EY5.09%
FCF(TTM)-4.01
FCFYN/A
OCF(TTM)7.57
OCFY10.84%
SpS28.28
BVpS44
TBVpS24.59
PEG (NY)0.85
PEG (5Y)7.4
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
WACC5.89%
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 18.42 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.