(EMA) Emera - Overview
Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NYSE (USA) | Market Cap: 15.904m USD | Total Return: 22.1% in 12m
Avg Turnover: 12.5M
EPS Trend: -24.3%
Qual. Beats: 0
Rev. Trend: 59.1%
Warnings
High Debt/EBITDA (7.4) with thin interest coverage (1.5)
High Debt while negative Cash Flow
Altman Z'' 0.86 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Emera Incorporated (EMA) is a Halifax-based energy company specializing in the generation, transmission, and distribution of electricity and natural gas. The firm maintains a diverse geographic footprint with regulated utility operations across Florida, Atlantic Canada, and the Caribbean. Its business model relies heavily on rate-regulated assets, which typically provide more predictable cash flows compared to unregulated energy markets.
The company operates through five primary segments, including Florida Electric Utility and Canadian Electric Utilities, while also engaging in energy marketing and asset management. As a utility provider, Emera operates within a capital-intensive sector where growth is often driven by infrastructure investment and regulatory rate base expansion. Investors may find it useful to review ValueRay for deeper insights into the company’s valuation metrics.
- Florida regulatory environment dictates return on equity for Tampa Electric operations
- Elevated interest rates increase financing costs for capital-intensive infrastructure projects
- Natural gas price volatility impacts utility margins and consumer affordability
- Clean energy transition investments drive long-term rate base and earnings growth
- Atlantic hurricane season frequency elevates transmission and distribution restoration expenses
| Net Income: 1.07b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -4.09 > 1.0 |
| NWC/Revenue: 3.43% < 20% (prev -4.22%; Δ 7.66% < -1%) |
| CFO/TA 0.05 > 3% & CFO 1.63b > Net Income 1.07b |
| Net Debt (21.4b) to EBITDA (2.91b): 7.35 < 3 |
| Current Ratio: 1.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (304.2m) vs 12m ago 2.32% < -2% |
| Gross Margin: 32.91% > 18% (prev 0.44%; Δ 3.25k% > 0.5%) |
| Asset Turnover: 21.98% > 50% (prev 18.02%; Δ 3.96% > 0%) |
| Interest Coverage Ratio: 1.54 > 6 (EBITDA TTM 2.91b / Interest Expense TTM 1.05b) |
| A: 0.01 (Total Current Assets 4.73b - Total Current Liabilities 4.44b) / Total Assets 34.6b |
| B: 0.04 (Retained Earnings 1.40b / Total Assets 34.6b) |
| C: 0.04 (EBIT TTM 1.61b / Avg Total Assets 39.1b) |
| D: 0.37 (Book Value of Equity 9.12b / Total Liabilities 24.3b) |
| Altman-Z'' = 0.86 = B |
| DSRI: 0.96 (Receivables 1.35b/1.28b, Revenue 8.59b/7.86b) |
| GMI: 1.33 (GM 32.91% / 43.80%) |
| AQI: 0.92 (AQ_t 0.27 / AQ_t-1 0.30) |
| SGI: 1.09 (Revenue 8.59b / 7.86b) |
| TATA: -0.02 (NI 1.07b - CFO 1.63b) / TA 34.6b) |
| Beneish M = -2.75 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 52.87 with a total of 159,032 shares traded.
Over the past week, the price has changed by +2.91%,
over one month by +2.06%,
over three months by +5.22% and
over the past year by +22.08%.
Emera has no consensus analysts rating.
P/E Trailing = 21.8445
P/E Forward = 18.9753
P/S = 1.7843
P/B = 1.6951
P/EG = 1.1901
Revenue TTM = 8.59b CAD
EBIT TTM = 1.61b CAD
EBITDA TTM = 2.91b CAD
Long Term Debt = 21.2b CAD (from longTermDebt, last quarter)
Short Term Debt = 1.98b CAD (from shortTermDebt, last quarter)
Debt = 23.2b CAD (corrected: LT Debt 21.2b + ST Debt 1.98b)
Net Debt = 21.4b CAD (calculated: Debt 23.2b - CCE 1.78b)
Enterprise Value = 43.4b CAD (22.0b + Debt 23.2b - CCE 1.78b)
Interest Coverage Ratio = 1.54 (Ebit TTM 1.61b / Interest Expense TTM 1.05b)
EV/FCF = -23.99x (Enterprise Value 43.4b / FCF TTM -1.81b)
FCF Yield = -4.17% (FCF TTM -1.81b / Enterprise Value 43.4b)
FCF Margin = -21.05% (FCF TTM -1.81b / Revenue TTM 8.59b)
Net Margin = 12.47% (Net Income TTM 1.07b / Revenue TTM 8.59b)
Gross Margin = 32.91% ((Revenue TTM 8.59b - Cost of Revenue TTM 5.76b) / Revenue TTM)
Gross Margin QoQ = 30.54% (prev 16.59%)
Tobins Q-Ratio = 1.25 (Enterprise Value 43.4b / Total Assets 34.6b)
Interest Expense / Debt = 4.52% (Interest Expense 1.05b / Debt 23.2b)
Taxrate = 18.14% (129.3m / 712.8m)
NOPAT = 1.32b (EBIT 1.61b * (1 - 18.14%))
Current Ratio = 1.07 (Total Current Assets 4.73b / Total Current Liabilities 4.44b)
Debt / Equity = 2.27 (Debt 23.2b / totalStockholderEquity, last quarter 10.2b)
Debt / EBITDA = 7.35 (Net Debt 21.4b / EBITDA 2.91b)
Debt / FCF = -11.84 (negative FCF - burning cash) (Net Debt 21.4b / FCF TTM -1.81b)
Total Stockholder Equity = 12.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.74% (Net Income 1.07b / Total Assets 34.6b)
RoE = 8.54% (Net Income TTM 1.07b / Total Stockholder Equity 12.5b)
RoCE = 4.78% (EBIT 1.61b / Capital Employed (Equity 12.5b + L.T.Debt 21.2b))
RoIC = 4.12% (NOPAT 1.32b / Invested Capital 32.1b)
WACC = 4.54% (E(22.0b)/V(45.1b) * Re(5.42%) + D(23.2b)/V(45.1b) * Rd(4.52%) * (1-Tc(0.18)))
Discount Rate = 5.42% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 4.10%
[DCF] Fair Price = unknown (Cash Flow -1.81b)
EPS Correlation: -24.26 | EPS CAGR: -5.26% | SUE: 0.66 | # QB: 0
Revenue Correlation: 59.10 | Revenue CAGR: 4.79% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.53 | Chg30d=-9.30% | Revisions=+0% | Analysts=9
EPS next Quarter (2026-09-30): EPS=0.71 | Chg30d=-1.52% | Revisions=+0% | Analysts=9
EPS current Year (2026-12-31): EPS=2.72 | Chg30d=+5.48% | Revisions=+75% | GrowthEPS=+6.8% | GrowthRev=+3.7%
EPS next Year (2027-12-31): EPS=2.66 | Chg30d=+1.01% | Revisions=+47% | GrowthEPS=-2.4% | GrowthRev=+2.4%
[Analyst] Revisions Ratio: +75%