Emera Incorporated

DB:C61 Stock Report

Market Cap: €10.7b

Emera Valuation

Is C61 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of C61 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: C61 (€35.72) is trading below our estimate of fair value (€58.69)

Significantly Below Fair Value: C61 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for C61?

Key metric: As C61 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for C61. This is calculated by dividing C61's market cap by their current earnings.
What is C61's PE Ratio?
PE Ratio25.4x
EarningsCA$628.70m
Market CapCA$15.92b

Price to Earnings Ratio vs Peers

How does C61's PE Ratio compare to its peers?

The above table shows the PE ratio for C61 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.3x
EBK EnBW Energie Baden-Württemberg
27.1xn/a€16.3b
LEC Lechwerke
25.9xn/a€2.5b
RWE RWE
7.6x-10.3%€21.4b
EOAN E.ON
16.4x8.7%€29.4b
C61 Emera
25.4x13.1%€15.9b

Price-To-Earnings vs Peers: C61 is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the peer average (19.3x).

Price to Earnings Ratio vs Industry

How does C61's PE Ratio compare vs other companies in the European Electric Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
C61 25.4xIndustry Avg. 12.6xNo. of Companies11PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: C61 is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the European Electric Utilities industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is C61'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.

C61 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.4x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: C61 is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).

Analyst Price Targets

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

The above table shows the analyst C61 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€35.72
€37.55
+5.1%
6.7%€40.18€31.47n/a13
Dec ’25€35.93
€36.65
+2.0%
6.5%€40.49€31.72n/a13
Nov ’25€34.19
€36.03
+5.4%
6.4%€40.20€31.49n/a13
Oct ’25€35.23
€34.95
-0.8%
6.4%€37.65€31.04n/a13
Sep ’25€33.70
€34.76
+3.2%
6.8%€37.71€31.09n/a11
Aug ’25€32.82
€34.13
+4.0%
8.7%€40.08€29.39n/a11
Jul ’25€30.99
€34.75
+12.1%
8.7%€40.67€29.82n/a11
Jun ’25€31.53
€35.28
+11.9%
7.5%€40.51€29.71n/a12
May ’25€31.33
€35.75
+14.1%
8.5%€40.79€29.91n/a12
Apr ’25€32.33
€35.85
+10.9%
8.1%€40.69€29.84n/a14
Mar ’25€32.40
€35.97
+11.0%
8.7%€40.88€29.98n/a14
Feb ’25€32.62
€37.12
+13.8%
9.7%€42.68€30.98n/a14
Jan ’25€34.07
€36.45
+7.0%
8.9%€41.28€29.96n/a14
Dec ’24€32.20
€36.45
+13.2%
8.9%€41.28€29.96€35.9314
Nov ’24€30.91
€38.30
+23.9%
8.9%€43.83€32.87€34.1914
Oct ’24€33.67
€39.94
+18.6%
7.1%€44.40€33.30€35.2314
Sep ’24€34.51
€39.76
+15.2%
7.5%€44.93€32.68€33.7015
Aug ’24€36.71
€40.28
+9.7%
7.9%€46.43€32.77€32.8215
Jul ’24€37.14
€40.91
+10.1%
8.5%€47.10€31.86€30.9915
Jun ’24€38.52
€40.87
+6.1%
8.3%€46.51€31.46€31.5316
May ’24€38.56
€39.42
+2.2%
8.7%€45.48€30.77€31.3316
Apr ’24€37.80
€39.94
+5.7%
8.6%€46.43€31.41€32.3316
Mar ’24€37.40
€40.71
+8.9%
8.8%€47.22€31.94€32.4016
Feb ’24€36.40
€40.35
+10.9%
10.2%€47.01€29.03€32.6216
Jan ’24€36.00
€40.14
+11.5%
10.6%€46.95€29.00€34.0716
Dec ’23€37.20
€41.12
+10.5%
10.5%€48.74€30.10€32.2016

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 09:46
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Emera Incorporated is covered by 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Ross Allen FowlerBarclays
Philip BassilBeacon Securities Limited