How does EMA's PE Ratio compare to its peers?

EMA is expensive based on its Price-To-Earnings Ratio (24.1x) compared to the peer average (19.8x).

How does EMA's PE Ratio compare vs other companies in the North American Electric Utilities Industry?

EMA is expensive based on its Price-To-Earnings Ratio (24.1x) compared to the North American Electric Utilities industry average (21x).

What is EMA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EMA is good value based on its Price-To-Earnings Ratio (24.1x) compared to the estimated Fair Price-To-Earnings Ratio (25.5x).

What is the Fair Price of EMA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

EMA (CA$51.8) is trading below our estimate of [[fair value]] (CA$280.98)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Emera (TSX:EMA) - Stock Price, News & Analysis

EMA Stock Overview

Through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. More details

EMA fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	2/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 81.6% below our estimate of its fair value

Earnings are forecast to grow 14.21% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 5.6% is not well covered by earnings or free cash flows

Profit margins (8.5%) are lower than last year (14.7%)

Shareholders have been diluted in the past year

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WarrenAI

Based on Analyst Price Targets

Investor Day Unveils Growth With Storm Protection And Florida's Economic Surge Boosting Earnings

Key Takeaways Infrastructure investments and new base rates are likely to enhance revenue growth and improve earnings for Emera. Strategic balance sheet actions could improve financial flexibility and positively impact earnings potential.

View narrative

CA$53.69

3.5% undervalued

2.91%

Revenue growth p.a.

New

Emera Incorporated Competitors

Hydro One

TSX:H

CA$27.0b

Fortis

TSX:FTS

CA$31.1b

Caribbean Utilities Company

TSX:CUP.U

US$577.3m

AltaGas

TSX:ALA

CA$10.3b

Price History & Performance

Summary of all time highs, changes and price drops for Emera
Historical stock prices
Current Share Price	CA$51.80
52 Week High	CA$54.19
52 Week Low	CA$44.13
Beta	0.34
11 Month Change	-3.29%
3 Month Change	2.80%
1 Year Change	7.14%
33 Year Change	-12.53%
5 Year Change	-5.54%
Change since IPO	393.33%

There Are Reasons To Feel Uneasy About Emera's (TSE:EMA) Returns On Capital

Nov 04

Recent updates

What Does The Future Hold For Emera Incorporated (TSE:EMA)? These Analysts Have Been Cutting Their Estimates

Feb 24

Be Wary Of Emera (TSE:EMA) And Its Returns On Capital

Feb 15

Is Emera (TSE:EMA) Using Too Much Debt?

Dec 01

Some Investors May Be Worried About Emera's (TSE:EMA) Returns On Capital

Nov 02

Emera's (TSE:EMA) Upcoming Dividend Will Be Larger Than Last Year's

Oct 15

Emera Incorporated (TSE:EMA) Shares Could Be 26% Below Their Intrinsic Value Estimate

Sep 07

Slowing Rates Of Return At Emera (TSE:EMA) Leave Little Room For Excitement

Aug 02

Here's Why Emera (TSE:EMA) Is Weighed Down By Its Debt Load

Jul 15

Is There An Opportunity With Emera Incorporated's (TSE:EMA) 24% Undervaluation?

Jun 07

Shareholder Returns

	EMA	CA Electric Utilities	CA Market
7D	4.3%	2.2%	0.7%
1Y	7.1%	27.8%	21.7%

Return vs Industry: EMA underperformed the Canadian Electric Utilities industry which returned 27.8% over the past year.

Return vs Market: EMA underperformed the Canadian Market which returned 21.7% over the past year.

Price Volatility

Is EMA's price volatile compared to industry and market?
EMA volatility
EMA Average Weekly Movement	2.8%
Electric Utilities Industry Average Movement	2.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.6%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: EMA has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: EMA's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1998	7,366	Scott Balfour	www.emera.com

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments. It generates electricity through natural gas, solar, hydroelectricity, coal, and biomass power plants.

Emera Incorporated Fundamentals Summary

How do Emera's earnings and revenue compare to its market cap?
EMA fundamental statistics
Market cap	CA$15.20b
Earnings (TTM)	CA$628.70m
Revenue (TTM)	CA$7.41b

24.1x

P/E Ratio

2.0x

P/S Ratio

Is EMA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EMA income statement (TTM)
Revenue	CA$7.41b
Cost of Revenue	CA$4.27b
Gross Profit	CA$3.14b
Other Expenses	CA$2.51b
Earnings	CA$628.70m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.15
Gross Margin	42.34%
Net Profit Margin	8.49%
Debt/Equity Ratio	150.1%

How did EMA perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

130%

Payout Ratio

EMA Stock Overview

Rewards

Risk Analysis

Investor Day Unveils Growth With Storm Protection And Florida's Economic Surge Boosting Earnings

Emera Incorporated Competitors

TSX:H

CA$27.0b

TSX:FTS

CA$31.1b

TSX:CUP.U

US$577.3m

TSX:ALA

CA$10.3b

Price History & Performance

Recent News & Updates

Emera Inc Announces Board Chair Transition

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

There Are Reasons To Feel Uneasy About Emera's (TSE:EMA) Returns On Capital

Upcoming dividend of CA$0.72 per share

Emera Incorporated to Report Q3, 2024 Results on Nov 08, 2024

Recent updates

Emera Inc Announces Board Chair Transition

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

There Are Reasons To Feel Uneasy About Emera's (TSE:EMA) Returns On Capital

Upcoming dividend of CA$0.72 per share

Emera Incorporated to Report Q3, 2024 Results on Nov 08, 2024

Emera's (TSE:EMA) Dividend Will Be Increased To CA$0.725

Second quarter dividend increased to CA$0.72

Emera Inc. Declares Quarterly Dividends, Payable on and After November 15, 2024

Does Emera (TSE:EMA) Have A Healthy Balance Sheet?

Emera Inc. Increases Annual Common Share Dividend

Are Investors Undervaluing Emera Incorporated (TSE:EMA) By 38%?

New minor risk - Earnings quality

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Investors Could Be Concerned With Emera's (TSE:EMA) Returns On Capital

Emera Incorporated's (TSE:EMA) P/E Still Appears To Be Reasonable

First quarter dividend of CA$0.72 announced

Emera Inc. Declares Quarterly Dividends, Payable on and After August 15, 2024

Emera Incorporated to Report Q2, 2024 Results on Aug 09, 2024

Emera Inc. Appoints Carla Tully to Board of Directors

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of CA$0.72 per share

Upcoming dividend of CA$0.72 per share

Is There An Opportunity With Emera Incorporated's (TSE:EMA) 43% Undervaluation?

Fourth quarter dividend of CA$0.72 announced

Emera Inc. Declares Quarterly Dividend, Payable on and After May 15, 2024

Emera Incorporated to Report Q1, 2024 Results on May 13, 2024

Return Trends At Emera (TSE:EMA) Aren't Appealing

Does Emera (TSE:EMA) Have A Healthy Balance Sheet?

Emera Incorporated Appoints Brian Porter to the Board of Directors

Emera Incorporated, Annual General Meeting, May 23, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of CA$0.72 per share at 6.0% yield

Emera Incorporated to Report Q4, 2023 Results on Feb 26, 2024

Emera Inc. Declares Quarterly Dividends, Payable on February 15, 2024

What Emera Incorporated's (TSE:EMA) P/E Is Not Telling You

Emera Incorporated has filed a Follow-on Equity Offering in the amount of CAD 600 million.

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

New major risk - Revenue and earnings growth

Emera (TSE:EMA) Use Of Debt Could Be Considered Risky

Upcoming dividend of CA$0.72 per share at 6.1% yield

Emera Incorporated to Report Q3, 2023 Results on Nov 10, 2023

The Return Trends At Emera (TSE:EMA) Look Promising

Emera Incorporated Approves Increase in Common Annual Dividend

Is Emera Incorporated (TSE:EMA) Trading At A 32% Discount?

Independent Director recently bought CA$1.0m worth of stock

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

New major risk - Revenue and earnings growth

Upcoming dividend of CA$0.69 per share at 5.0% yield

Emera Declares Quarterly Dividends, Payable on and After August 15, 2023

Emera Incorporated to Report Q2, 2023 Results on Aug 11, 2023

Here's Why Emera (TSE:EMA) Is Weighed Down By Its Debt Load

Slowing Rates Of Return At Emera (TSE:EMA) Leave Little Room For Excitement

A Look At The Fair Value Of Emera Incorporated (TSE:EMA)

Does Emera (TSE:EMA) Deserve A Spot On Your Watchlist?

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of CA$0.69 per share at 4.8% yield

Chief Human Resources Officer recently bought CA$1.9m worth of stock

Is Emera (TSE:EMA) A Risky Investment?

Full year 2022 earnings: EPS and revenues exceed analyst expectations