EMA Stock Analysis: Emera | NYSE

Utilities - Regulated Electric | NYSE, USA | Market Cap: 15.858m USD | 12M Return: 8.3% | CA2908761018 | Charts, Fundamentals & Technical Analysis

Electricity, Natural Gas, Energy Trading, Utility Operations
Total Rating 30
Safety 42
Buy Signal -1.13
Utilities - Regulated Electric
Industry Rotation: -12.5
Market Cap: 15.9B
Avg Turnover: 26.1M
Risk 3d forecast
Volatility34.8%
VaR 5th Pctl5.89%
VaR vs Median2.83%
Reward TTM
Sharpe Ratio0.33
Rel. Str. IBD27
Rel. Str. Peer Group51
Character TTM
Beta-0.268
Beta Downside-0.467
Hurst Exponent0.421
Drawdowns 3y
Max DD19.56%
CAGR/Max DD0.84
CAGR/Mean DD3.72
EPS (Earnings per Share) EPS (Earnings per Share) of EMA over the last years for every Quarter: "2021-06": 0.43, "2021-09": 0.55, "2021-12": 0.5, "2022-03": 0.71, "2022-06": 0.46, "2022-09": 0.57, "2022-12": 0.69, "2023-03": 0.73, "2023-06": 0.45, "2023-09": 0.54, "2023-12": 0.47, "2024-03": 0.5382, "2024-06": 0.39, "2024-09": 0.58, "2024-12": 0.5914, "2025-03": 0.92, "2025-06": 0.57, "2025-09": 0.63, "2025-12": 0.4, "2026-03": 1, "2026-06": 0.5,
EPS CAGR: 9.42%
EPS Trend: 65.4%
Last SUE: -0.13
Qual. Beats: 0
Revenue Revenue of EMA over the last years for every Quarter: 2021-06: 1137, 2021-09: 1148, 2021-12: 1868, 2022-03: 2015, 2022-06: 1380, 2022-09: 1835, 2022-12: 2358, 2023-03: 2433, 2023-06: 1418, 2023-09: 1740, 2023-12: 1972, 2024-03: 2018, 2024-06: 1617, 2024-09: 1802, 2024-12: 1763, 2025-03: 2676, 2025-06: 1988, 2025-09: 2106, 2025-12: 2017.354648, 2026-03: 2478.388301, 2026-06: 1975.855728,
Rev. CAGR: 6.61%
Rev. Trend: 76.5%
Last SUE: -0.52
Qual. Beats: 0

Warnings

High Debt/EBITDA With Thin Interest Coverage
High Debt While Negative Cash Flow
Altman Z'' In Financial Distress Zone
Below Avwap Earnings
Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 11.6 years of data

Jan +1.4% 6
Feb -0.3% 5
Mar +3.4% 38
Apr -0.2% 5
May -0.1% 7
Jun -0.0% 10
Jul +0.9% 30
Aug -0.4% 14
Sep -1.6% 40
Oct -2.3% 42
Nov +0.4% 2
Dec +0.8% 14

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: EMA Emera

Emera Incorporated is a Canadian-based energy and services company that operates across the electricity and natural gas value chain, with operations in the United States, Canada, Barbados, and the Bahamas. The company conducts its business through several segments, including Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, and Other Electric Utilities, covering generation, transmission, distribution, and retail sale of energy.

In addition to its core utility operations, Emera is involved in natural gas purchase, transmission, distribution, and sale, as well as physical energy marketing, trading, and energy asset management. Founded in 1998 and headquartered in Halifax, Canada, the company is classified within the GICS Utilities sector, specifically the Electric Utilities sub-industry, reflecting its regulated and capital-intensive business model that relies on rate-regulated assets and long-term infrastructure investments.

Headlines to Watch Out For
  • TECO Tampa Electric rate base expands with Florida population growth
  • Rising interest costs pressure capital-intensive utility valuations and capex
  • Atlantic Canadian rate cases constrain allowed return on equity
Piotroski VR-10 (Strict) 2.0
Net Income: 1.04b TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA 0.58 > 1.0
NWC/Revenue: -17.98% < 20% (prev -23.09%; Δ 5.10% < -1%)
CFO/TA 0.05 > 3% & CFO 2.20b > Net Income 1.04b
Net Debt (21.7b) to EBITDA (3.13b): 6.94 < 3
Current Ratio: 0.73 > 1.5 & < 3
Outstanding Shares: last quarter (307.4m) vs 12m ago 2.77% < -2%
Gross Margin: 28.96% > 18% (prev 44.50%; Δ -15.54% > 0.5%)
Asset Turnover: 19.25% > 50% (prev 19.35%; Δ -0.10% > 0%)
Interest Coverage Ratio: 1.76 > 6 (EBIT TTM 1.89b / Interest Expense TTM 1.07b)
Altman Z'' 0.67
A: -0.03 (Total Current Assets 4.18b - Total Current Liabilities 5.73b) / Total Assets 46.6b
B: 0.04 (Retained Earnings 1.84b / Total Assets 46.6b)
C: 0.04 (EBIT TTM 1.89b / Avg Total Assets 44.6b)
D: 0.45 (Book Value of Equity 14.4b / Total Liabilities 32.2b)
Altman-Z'' = 0.67 = B
Beneish M -2.43
DSRI: 1.11 (Receivables 1.67b/1.45b, Revenue 8.58b/8.23b)
GMI: 1.54 (GM 44.50% / 28.96%)
AQI: 0.99 (AQ_t 0.29 / AQ_t-1 0.29)
SGI: 1.04 (Revenue 8.58b / 8.23b)
TATA: -0.02 (NI 1.04b - CFO 2.20b) / TA 46.6b)
Beneish M = -2.43 (Cap -4..+1) = BBB
What is the price of EMA shares?

As of August 23, 2026, the stock is trading at USD 50.08 with a total of 487,904 shares traded. Over the past week, the price has changed by -2.78%, over one month by -5.62%, over three months by -4.35% and over the past year by +8.27%.

Current recommended Stop Loss: 48.60 (which is 3% or 1.8 ATR below the current price).

Is EMA a buy, sell or hold?

Emera has no consensus analysts rating.

Emera (EMA) - Fundamental Data Overview as of 21 August 2026
Market Cap USD = 15.9b (15.9b USD * 1.0 USD.USD)
Market Cap CAD = 21.8b (15.9b USD * 1.3778 USD.CAD)
P/E Trailing = 22.6447
P/E Forward = 19.1571
P/S = 1.7746
P/B = 1.693
P/EG = 2.9733
Revenue TTM = 8.58b CAD
EBIT TTM = 1.89b CAD
EBITDA TTM = 3.13b CAD
Long Term Debt = 19.5b CAD (from longTermDebt, last quarter)
Short Term Debt = 2.58b CAD (from shortTermDebt, last quarter)
Debt = 22.1b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 21.7b CAD (calculated: Debt 22.1b - CCE 407.2m)
Enterprise Value = 43.6b CAD (21.8b + Debt 22.1b - CCE 407.2m)
Interest Coverage Ratio = 1.76 (Ebit TTM 1.89b / Interest Expense TTM 1.07b)
EV/FCF = -38.83x (Enterprise Value 43.6b / FCF TTM -1.12b)
FCF Yield = -2.58% (FCF TTM -1.12b / Enterprise Value 43.6b)
FCF Margin = -13.08% (FCF TTM -1.12b / Revenue TTM 8.58b)
Net Margin = 12.14% (Net Income TTM 1.04b / Revenue TTM 8.58b)
Gross Margin = 28.96% ((Revenue TTM 8.58b - Cost of Revenue TTM 6.09b) / Revenue TTM)
Gross Margin QoQ = 23.49% (prev 30.54%)
Tobins Q-Ratio = 0.94 (Enterprise Value 43.6b / Total Assets 46.6b)
Interest Expense / Debt = 4.85% (Interest Expense 1.07b / Debt 22.1b)
Taxrate = 6.74% (75.4m / 1.12b)
NOPAT = 1.76b (EBIT 1.89b * (1 - 6.74%))
Current Ratio = 0.73 (Total Current Assets 4.18b / Total Current Liabilities 5.73b)
Debt / Equity = 1.54 (Debt 22.1b / totalStockholderEquity, last quarter 14.4b)
Debt / EBITDA = 6.94 (Net Debt 21.7b / EBITDA 3.13b)
 Debt / FCF = -19.36 (negative FCF - burning cash) (Net Debt 21.7b / FCF TTM -1.12b)
 Total Stockholder Equity = 12.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.34% (Net Income 1.04b / Total Assets 46.6b)
RoE = 8.10% (Net Income TTM 1.04b / Total Stockholder Equity 12.9b)
RoCE = 5.83% (EBIT 1.89b / Capital Employed (Equity 12.9b + L.T.Debt 19.5b))
RoIC = 4.10% (NOPAT 1.76b / Invested Capital 43.0b)
WACC = 4.78% (E(21.8b)/V(44.0b) * Re(5.04%) + D(22.1b)/V(44.0b) * Rd(4.85%) * (1-Tc(0.07)))
Discount Rate = 5.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.35 | Cagr: 3.39%
 [DCF] Fair Price = unknown (Cash Flow -1.12b)
 EPS Correlation: 65.36 | EPS CAGR: 9.42% | SUE: -0.13 | # QB: 0
Revenue Correlation: 76.49 | Revenue CAGR: 6.61% | SUE: -0.52 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.69 | Chg30d=-2.43% | Revisions=-38% | Analysts=9
EPS current Year (2026-12-31): EPS=2.67 | Chg30d=-1.98% | Revisions=-58% | GrowthEPS=+4.9% | GrowthRev=+5.4%
EPS next Year (2027-12-31): EPS=2.61 | Chg30d=-1.83% | Revisions=-75% | GrowthEPS=-2.4% | GrowthRev=-0.1%
[Analyst] Revisions Ratio: -73% (up=2, down=21)