| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
EMA Overview
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers.
Emera Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$58.04 |
| 52 Week High | CA$49.66 |
| 52 Week Low | CA$60.26 |
| Beta | 0.23 |
| 1 Month Change | -2.47% |
| 3 Month Change | 2.53% |
| 1 Year Change | 6.52% |
| 3 Year Change | 44.52% |
| 5 Year Change | 22.68% |
| Change since IPO | 452.76% |
Recent News & Updates
A Look At The Intrinsic Value Of Emera Incorporated (TSE:EMA)
Today we will run through one way of estimating the intrinsic value of Emera Incorporated ( TSE:EMA ) by taking the...
The Returns On Capital At Emera (TSE:EMA) Don't Inspire Confidence
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Emera (TSE:EMA) Use Of Debt Could Be Considered Risky
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Shareholder Returns
| EMA | CA Electric Utilities | CA Market | |
|---|---|---|---|
| 7D | -0.6% | -1.2% | -0.3% |
| 1Y | 6.5% | 12.9% | 30.8% |
Return vs Industry: EMA underperformed the Canadian Electric Utilities industry which returned 12.9% over the past year.
Return vs Market: EMA underperformed the Canadian Market which returned 30.8% over the past year.
Price Volatility
| EMA volatility | |
|---|---|
| EMA Beta | 0.23 |
| Industry Beta | 0.43 |
| Market Beta | 1 |
Stable Share Price: EMA is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: EMA's weekly volatility (1%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | n/a | Scott Balfour | https://www.emera.com |
Emera Incorporated, an energy and services company, 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 coal-fired, natural gas and/or oil, hydro, wind, solar, petcoke, and biomass-fueled power plants.
Emera Fundamentals Summary
| EMA fundamental statistics | |
|---|---|
| Market Cap | CA$15.01b |
| Earnings (TTM) | CA$612.90m |
| Revenue (TTM) | CA$5.45b |
24.5x
P/E Ratio2.8x
P/S RatioIs EMA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EMA income statement (TTM) | |
|---|---|
| Revenue | CA$5.45b |
| Cost of Revenue | CA$3.22b |
| Gross Profit | CA$2.23b |
| Expenses | CA$1.61b |
| Earnings | CA$612.90m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.37 |
| Gross Margin | 40.85% |
| Net Profit Margin | 11.25% |
| Debt/Equity Ratio | 161.9% |
How did EMA perform over the long term?
See historical performance and comparisonDividends
4.4%
Current Dividend Yield104%
Payout RatioValuation
Is Emera undervalued compared to its fair value and its price relative to the market?
18.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EMA (CA$58.04) is trading below our estimate of fair value (CA$71.13)
Significantly Below Fair Value: EMA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: EMA is poor value based on its PE Ratio (24.5x) compared to the North American Electric Utilities industry average (21.5x).
PE vs Market: EMA is poor value based on its PE Ratio (24.5x) compared to the Canadian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: EMA is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: EMA's PB Ratio (1.8x) is in line with the XN Electric Utilities industry average.
Future Growth
How is Emera forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
11.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EMA's forecast earnings growth (11.8% per year) is above the savings rate (1.5%).
Earnings vs Market: EMA's earnings (11.8% per year) are forecast to grow slower than the Canadian market (12.1% per year).
High Growth Earnings: EMA's earnings are forecast to grow, but not significantly.
Revenue vs Market: EMA's revenue (4.3% per year) is forecast to grow slower than the Canadian market (6.1% per year).
High Growth Revenue: EMA's revenue (4.3% 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 (9.3%).
Past Performance
How has Emera performed over the past 5 years?
19.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EMA has high quality earnings.
Growing Profit Margin: EMA's current net profit margins (11.2%) are lower than last year (14.5%).
Past Earnings Growth Analysis
Earnings Trend: EMA's earnings have grown by 19.7% per year over the past 5 years.
Accelerating Growth: EMA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EMA had negative earnings growth (-26%) over the past year, making it difficult to compare to the Electric Utilities industry average (1.2%).
Return on Equity
High ROE: EMA's Return on Equity (6.9%) is considered low.
Financial Health
How is Emera's financial position?
Financial Position Analysis
Short Term Liabilities: EMA's short term assets (CA$2.1B) do not cover its short term liabilities (CA$3.2B).
Long Term Liabilities: EMA's short term assets (CA$2.1B) do not cover its long term liabilities (CA$18.7B).
Debt to Equity History and Analysis
Debt Level: EMA's debt to equity ratio (161.9%) is considered high.
Reducing Debt: EMA's debt to equity ratio has reduced from 274.5% to 161.9% over the past 5 years.
Debt Coverage: EMA's debt is not well covered by operating cash flow (10%).
Interest Coverage: EMA's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
Dividend
What is Emera current dividend yield, its reliability and sustainability?
4.39%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EMA's dividend (4.39%) is higher than the bottom 25% of dividend payers in the Canadian market (1.66%).
High Dividend: EMA's dividend (4.39%) is low compared to the top 25% of dividend payers in the Canadian market (4.59%).
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 high payout ratio (103.9%), EMA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EMA's dividends in 3 years are forecast to be covered by earnings (83.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.1yrs
Average management tenure
CEO
Scott Balfour (57 yo)
3.5yrs
Tenure
CA$7,788,016
Compensation
Mr. Scott Carlyle Balfour has been Chief Executive Officer, President and Director of Emera Incorporated since March 29, 2018. Mr. Balfour served as Chief Operating Officer of Emera Incorporated since Nove...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD6.13M) is about average for companies of similar size in the Canadian market ($USD6.01M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: EMA's management team is seasoned and experienced (5.1 years average tenure).
Board Members
Experienced Board: EMA's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.
Top Shareholders
Company Information
Emera Incorporated's employee growth, exchange listings and data sources
Key Information
- Name: Emera Incorporated
- Ticker: EMA
- Exchange: TSX
- Founded: 1998
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: CA$15.010b
- Shares outstanding: 258.62m
- Website: https://www.emera.com
Number of Employees
Location
- Emera Incorporated
- 5151 Terminal Road
- Halifax
- Nova Scotia
- B3J 1A1
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/26 22:07 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.