Financials Emera Incorporated

Equities

EMA

CA2908761018

Electric Utilities

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
46.43 CAD +0.56% Intraday chart for Emera Incorporated -0.60% -7.69%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,451 13,581 16,432 13,955 13,996 13,295 - -
Enterprise Value (EV) 1 28,946 28,707 32,415 32,667 13,996 34,653 35,987 36,941
P/E ratio 20.2 x 14.3 x 31.9 x 14.5 x 14.1 x 14.3 x 13.7 x 12.7 x
Yield 4.26% 4.57% 4.07% 5.17% - 6.24% 6.46% 6.75%
Capitalization / Revenue 2.2 x 2.47 x 2.85 x 1.84 x 1.85 x 1.75 x 1.67 x 1.6 x
EV / Revenue 4.74 x 5.21 x 5.62 x 4.31 x 1.85 x 4.55 x 4.52 x 4.45 x
EV / EBITDA 12.4 x 12.3 x 13.7 x 12.2 x 4.81 x 10.8 x 10.5 x 10.2 x
EV / FCF -29.8 x -29.1 x -27.6 x -19.4 x - -871 x -49.8 x 42.4 x
FCF Yield -3.35% -3.43% -3.62% -5.15% - -0.11% -2.01% 2.36%
Price to Book 1.56 x 1.48 x 1.63 x 1.22 x - 1.21 x 1.19 x 1.16 x
Nbr of stocks (in thousands) 241,097 251,037 259,911 269,665 278,255 286,348 - -
Reference price 2 55.79 54.10 63.22 51.75 50.30 46.43 46.43 46.43
Announcement Date 2/18/20 2/16/21 2/14/22 2/23/23 2/26/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,111 5,506 5,765 7,588 7,563 7,616 7,957 8,299
EBITDA 1 2,339 2,343 2,367 2,687 2,910 3,219 3,430 3,622
EBIT 1 1,436 1,172 930 1,629 1,794 1,972 2,163 2,340
Operating Margin 23.5% 21.29% 16.13% 21.47% 23.72% 25.9% 27.18% 28.19%
Earnings before Tax (EBT) 1 771 1,325 555 1,194 1,173 1,072 1,280 1,408
Net income 1 663 938 510 945 978 919.3 998 1,097
Net margin 10.85% 17.04% 8.85% 12.45% 12.93% 12.07% 12.54% 13.22%
EPS 2 2.760 3.780 1.980 3.560 3.570 3.243 3.401 3.644
Free Cash Flow 1 -970 -986 -1,174 -1,683 - -39.8 -722.8 872
FCF margin -15.87% -17.91% -20.36% -22.18% - -0.52% -9.08% 10.51%
FCF Conversion (EBITDA) - - - - - - - 24.08%
FCF Conversion (Net income) - - - - - - - 79.47%
Dividend per Share 2 2.375 2.475 2.575 2.678 - 2.897 3.001 3.134
Announcement Date 2/18/20 2/16/21 2/14/22 2/23/23 2/26/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,148 1,868 2,015 1,380 1,835 2,358 2,433 1,418 1,740 1,972 1,948 1,752 2,017 1,915 -
EBITDA 1 575 582 660.8 589 597 755 809 668 728 705 835.9 753.7 839.1 813.3 -
EBIT 1 347 516 428.8 305 359 720 894 312 415 505 549 444 562 489 -
Operating Margin 30.23% 27.62% 21.28% 22.1% 19.56% 30.53% 36.74% 22% 23.85% 25.61% 28.19% 25.34% 27.86% 25.53% -
Earnings before Tax (EBT) 1 -148 423 473 -118 186 653 738 -7 84 358 312 204 317 240 -
Net income 1 -70 324 362 -67 167 483 560 28 101 289 279 172.9 221.3 249 -
Net margin -6.1% 17.34% 17.97% -4.86% 9.1% 20.48% 23.02% 1.97% 5.8% 14.66% 14.32% 9.87% 10.97% 13% -
EPS 2 -0.2700 1.240 1.380 -0.2500 0.6300 1.800 2.070 0.1000 0.3700 1.040 1.010 0.6200 0.7800 0.7800 -
Dividend per Share 2 0.6375 0.6625 0.6625 0.6625 0.6625 0.6900 - 0.6900 0.6900 - 0.7232 0.7232 0.7232 0.7470 0.7719
Announcement Date 11/10/21 2/14/22 5/13/22 8/10/22 11/11/22 2/23/23 5/12/23 8/11/23 11/10/23 2/26/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 15,495 15,126 15,983 18,712 - 21,357 22,692 23,645
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.625 x 6.456 x 6.752 x 6.964 x - 6.635 x 6.616 x 6.528 x
Free Cash Flow 1 -970 -986 -1,174 -1,683 - -39.8 -723 872
ROE (net income / shareholders' equity) 8.39% 10.6% 5.28% 8.77% - 8.49% 8.88% 9.13%
ROA (Net income/ Total Assets) 2.07% 2.97% 1.56% 2.55% - 2.33% 2.53% 2.61%
Assets 1 32,078 31,540 32,738 36,994 - 39,447 39,415 42,003
Book Value Per Share 2 35.70 36.60 38.70 42.30 - 38.30 39.10 39.90
Cash Flow per Share 2 6.660 5.730 5.180 4.310 - 8.270 7.930 8.410
Capex 1 2,495 2,623 2,359 2,596 - 2,983 3,109 2,718
Capex / Sales 40.83% 47.64% 40.92% 34.21% - 39.17% 39.07% 32.75%
Announcement Date 2/18/20 2/16/21 2/14/22 2/23/23 2/26/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
46.43 CAD
Average target price
52.69 CAD
Spread / Average Target
+13.49%
Consensus
  1. Stock Market
  2. Equities
  3. EMA Stock
  4. Financials Emera Incorporated