Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers.
+ 1 more risk
Established dividend payer and good value.
Share Price & News
How has Emera's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EMA has not had significant price volatility in the past 3 months.
7 Day Return
CA Electric Utilities
1 Year Return
CA Electric Utilities
Return vs Industry: EMA exceeded the Canadian Electric Utilities industry which returned -5.3% over the past year.
Return vs Market: EMA exceeded the Canadian Market which returned -12.4% over the past year.
Price Volatility Vs. Market
How volatile is Emera's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StIs Emera Incorporated (TSE:EMA) A Smart Pick For Income Investors?
3 weeks ago | Simply Wall StThe Chief Financial Officer of Emera Incorporated (TSE:EMA), Gregory Blunden, Just Sold 97% Of Their Holding
4 weeks ago | Simply Wall StDoes Emera (TSE:EMA) Deserve A Spot On Your Watchlist?
Is Emera undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EMA (CA$53.87) is trading below our estimate of fair value (CA$107.89)
Significantly Below Fair Value: EMA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EMA is good value based on its PE Ratio (14.9x) compared to the Electric Utilities industry average (18.8x).
PE vs Market: EMA is poor value based on its PE Ratio (14.9x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: EMA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: EMA is good value based on its PB Ratio (1.5x) compared to the XN Electric Utilities industry average (1.8x).
How is Emera forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EMA's earnings are forecast to decline over the next 3 years (-2.8% per year).
Earnings vs Market: EMA's earnings are forecast to decline over the next 3 years (-2.8% per year).
High Growth Earnings: EMA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: EMA's revenue (2.3% per year) is forecast to grow slower than the Canadian market (5.5% per year).
High Growth Revenue: EMA's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EMA's Return on Equity is forecast to be low in 3 years time (8.5%).
How has Emera performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EMA has a large one-off gain of CA$540.0M impacting its March 31 2010 financial results.
Growing Profit Margin: EMA's current net profit margins (14.7%) are higher than last year (11.5%).
Past Earnings Growth Analysis
Earnings Trend: EMA's earnings have grown by 18.2% per year over the past 5 years.
Accelerating Growth: EMA's earnings growth over the past year (16.5%) is below its 5-year average (18.2% per year).
Earnings vs Industry: EMA earnings growth over the past year (16.5%) exceeded the Electric Utilities industry 3.5%.
Return on Equity
High ROE: EMA's Return on Equity (9.5%) is considered low.
How is Emera's financial position?
Financial Position Analysis
Short Term Liabilities: EMA's short term assets (CA$3.9B) do not cover its short term liabilities (CA$4.6B).
Long Term Liabilities: EMA's short term assets (CA$3.9B) do not cover its long term liabilities (CA$19.5B).
Debt to Equity History and Analysis
Debt Level: EMA's debt to equity ratio (174.4%) is considered high.
Reducing Debt: EMA's debt to equity ratio has increased from 97.1% to 174.4% over the past 5 years.
Debt Coverage: EMA's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: EMA's interest payments on its debt are not well covered by EBIT (1.7x coverage).
What is Emera current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: EMA's dividend (4.55%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: EMA's dividend (4.55%) is low compared to the top 25% of dividend payers in the Canadian market (6.02%).
Stability and Growth of Payments
Stable Dividend: EMA's dividends per share have been stable in the past 10 years.
Growing Dividend: EMA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (66.4%), EMA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EMA's dividends in 3 years are forecast to be covered by earnings (86.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Scott Balfour (56yo)
Mr. Scott Carlyle Balfour has been Chief Executive Officer, President and Director of Emera Incorporated since March 29, 2018. Mr. Balfour served as Chief Operating Officer of Emera Incorporated since Nove ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD4.95M) is about average for companies of similar size in the Canadian market ($USD6.91M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
|CEO, President & Director||2.33yrs||CA$6.72m||0.022% CA$2.9m|
|Chief Financial Officer||4.33yrs||CA$2.03m||0.00047% CA$62.0k|
|Chief Legal & Compliance Officer||5.58yrs||CA$1.85m||0.0015% CA$193.8k|
|President & CEO of Tampa Electric Company||2.58yrs||CA$2.75m||0.024% CA$3.1m|
|President & CEO of Emera Technologies Inc.||3.58yrs||CA$2.42m||0.0011% CA$139.7k|
|Acting Manager||6.17yrs||no data||no data|
|VP of Investor Relations & Treasurer||no data||no data||no data|
|Vice President of Communications & Corporate Affairs||no data||no data||no data|
|Chief Human Resources Officer||5.58yrs||no data||0.00045% CA$59.3k|
|Interim President & CEO of Nova Scotia Power and COO of Electric Utilities for Canada & Caribbean||2.33yrs||CA$961.21k||0.0060% CA$787.0k|
Experienced Management: EMA's management team is considered experienced (4 years average tenure).
|CEO, President & Director||2.33yrs||CA$6.72m||0.022% CA$2.9m|
|Independent Chair of the Board||6.17yrs||CA$400.00k||0.0049% CA$643.3k|
|Independent Director||9.83yrs||CA$233.84k||0.0035% CA$457.5k|
|Independent Director||13.5yrs||CA$238.89k||0.0059% CA$772.5k|
|Independent Director||9.83yrs||CA$220.25k||0.0010% CA$135.8k|
|Independent Director||5.83yrs||CA$221.25k||0.00058% CA$76.5k|
|Independent Director||2.67yrs||CA$219.52k||no data|
|Independent Director||2yrs||CA$223.30k||no data|
|Independent Director||7.42yrs||CA$221.50k||0.0017% CA$225.4k|
Experienced Board: EMA's board of directors are considered experienced (6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EMA insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Emera Incorporated's company bio, employee growth, exchange listings and data sources
- Name: Emera Incorporated
- Ticker: EMA
- Exchange: TSX
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: CA$13.183b
- Shares outstanding: 244.72m
- Website: https://www.emera.com
Number of Employees
- Emera Incorporated
- 5151 Terminal Road
- Nova Scotia
- B3J 1A1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EMA||TSX (The Toronto Stock Exchange)||Yes||Common Stock||CA||CAD||Aug 1992|
|C61||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 1992|
|EMRA.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Aug 1992|
|EMA.PRA||TSX (The Toronto Stock Exchange)||CUM PFD 5 YR||CA||CAD||Jun 2010|
|EMA.PRC||TSX (The Toronto Stock Exchange)||CU PF 5Y SER C||CA||CAD||Jun 2012|
|ERRA.F||OTCPK (Pink Sheets LLC)||CU PF 5Y SER C||US||USD||Jun 2012|
|EMA.PRF||TSX (The Toronto Stock Exchange)||1ST PFD SER F||CA||CAD||Jun 2014|
|EMA.PRH||TSX (The Toronto Stock Exchange)||4.9% PFD SER H||CA||CAD||May 2018|
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services. In addition, it transports re-gasified liquefied natural gas to consumers in the northeastern United States through its 145-kilometre pipeline in New Brunswick. As of December 31, 2019, it served approximately 406,000 customers in Florida; 534,000 customers in New Mexico; 523,000 customers in Nova Scotia; 159,000 customers in the state of Maine; and 131,000 customers in the Island of Barbados. Emera Incorporated is headquartered in Halifax, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/04 23:50|
|End of Day Share Price||2020/07/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.