Emera Incorporated

OTCPK:EMRA.F Stock Report

Market Cap: US$10.9b

Emera Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 EMRA.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EMRA.F ($36.86) is trading below our estimate of fair value ($195.86)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EMRA.F?

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

The above table shows the Price to Earnings ratio for EMRA.F. This is calculated by dividing EMRA.F's market cap by their current earnings.
What is EMRA.F's PE Ratio?
PE Ratio24.2x
EarningsCA$628.70m
Market CapCA$15.21b

Price to Earnings Ratio vs Peers

How does EMRA.F's PE Ratio compare to its peers?

The above table shows the PE ratio for EMRA.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.3x
PNW Pinnacle West Capital
17.2x5.9%US$10.6b
AGR Avangrid
12.4x0.5%US$14.0b
EVRG Evergy
17.3x6.6%US$14.8b
IDA IDACORP
22.4x12.8%US$6.3b
EMRA.F Emera
24.2x14.2%US$15.2b

Price-To-Earnings vs Peers: EMRA.F is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the peer average (17.3x).

Price to Earnings Ratio vs Industry

How does EMRA.F's PE Ratio compare vs other companies in the US Electric Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
EMRA.F 24.2xIndustry Avg. 21.2xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EMRA.F is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the US Electric Utilities industry average (21.2x).

Price to Earnings Ratio vs Fair Ratio

What is EMRA.F'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.

EMRA.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.2x
Fair PE Ratio25x

Price-To-Earnings vs Fair Ratio: EMRA.F is good value based on its Price-To-Earnings Ratio (24.2x) compared to the estimated Fair Price-To-Earnings Ratio (25x).

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 EMRA.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$36.86
US$38.52
+4.5%
6.0%US$42.93US$33.63n/a13
Nov ’25US$36.44
US$38.81
+6.5%
6.4%US$43.31US$33.93n/a13
Oct ’25US$32.00
US$39.02
+21.9%
6.4%US$42.02US$34.65n/a13
Sep ’25US$37.58
US$38.99
+3.7%
6.8%US$42.29US$34.87n/a11
Aug ’25US$35.32
US$36.99
+4.7%
8.7%US$43.44US$31.86n/a11
Jul ’25US$33.45
US$37.32
+11.6%
8.7%US$43.67US$32.02n/a11
Jun ’25US$34.77
US$38.10
+9.6%
7.5%US$43.75US$32.08n/a12
May ’25US$33.85
US$38.22
+12.9%
8.5%US$43.61US$31.98n/a12
Apr ’25US$34.77
US$39.24
+12.8%
8.1%US$44.54US$32.66n/a14
Mar ’25US$35.35
US$39.01
+10.4%
8.7%US$44.34US$32.52n/a14
Feb ’25US$35.88
US$40.25
+12.2%
9.7%US$46.27US$33.59n/a14
Jan ’25US$37.79
US$39.89
+5.6%
8.9%US$45.17US$32.79n/a14
Dec ’24US$35.50
US$39.89
+12.4%
8.9%US$45.17US$32.79n/a14
Nov ’24US$33.70
US$40.44
+20.0%
8.9%US$46.28US$34.71US$36.4414
Oct ’24US$34.89
US$42.67
+22.3%
7.1%US$47.44US$35.58US$32.0014
Sep ’24US$37.73
US$43.37
+15.0%
7.5%US$49.02US$35.65US$37.5815
Aug ’24US$39.78
US$44.69
+12.3%
7.9%US$51.51US$36.36US$35.3215
Jul ’24US$41.23
US$44.29
+7.4%
8.5%US$50.99US$34.49US$33.4515
Jun ’24US$41.65
US$43.94
+5.5%
8.3%US$50.01US$33.83US$34.7716
May ’24US$42.74
US$43.54
+1.9%
8.7%US$50.23US$33.98US$33.8516
Apr ’24US$41.10
US$42.60
+3.6%
8.6%US$49.51US$33.49US$34.7716
Mar ’24US$39.52
US$43.19
+9.3%
8.8%US$50.09US$33.89US$35.3516
Feb ’24US$40.14
US$43.85
+9.2%
10.2%US$51.08US$31.55US$35.8816
Jan ’24US$38.51
US$42.88
+11.3%
10.6%US$50.17US$30.98US$37.7916
Dec ’23US$39.34
US$42.49
+8.0%
10.5%US$50.36US$31.10US$35.5016
Nov ’23US$37.12
US$43.21
+16.4%
10.0%US$52.92US$35.83US$33.7016

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

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