Emera Incorporated
stock CA:EMA (TORONTO)

Alternative ID: CA2908761018

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Exchange: TORONTO
Sector: Utilities
Industry: Utilities—Regulated Electric
Market Cap: Large (13.8B)
Data in CAD

EPS: 3.78
Current PE: 14.08
BVPS: 31.90
Price/BVPS:
Dividend: 2.48 / 4.7%

Hist Grade: E (20.97)
YOY Grade: E (24.47)
Debt/FCF: -12.34
ROIC: 7.3%
PEG: 3.60
PEGY: 1.64

Value Price: 27.06
MOS Price: 13.53
MOS %:
Graham Number: 52.09
Graham MOS %:
IRT: 9.88

Market Price

Price is unknown

Stock Analyzer Tutorials

General Info

type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

Financial Statements

type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

Growth Grade and Financial Ratios

type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

Price Charts

type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Exchange: TORONTO
Sector: Utilities
Industry: Utilities—Regulated Electric
Market Cap: Large (13.8B)
Inst. Ownership: 29.31%
Insider Ownership: 0.06%
Full Time Employees: 7523

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments. It generates electricity through coal-fired, natural gas and/or oil, hydro, wind, solar, petroleum coke, and biomass-fueled power plants. The company is also involved in the purchase, transmission, distribution, and sale of natural gas; and the provision of energy marketing, trading, and other energy asset management services. In addition, it transports re-gasified liquefied natural gas from Saint John, New Brunswick to consumers in the northeastern United States through its 145-kilometer pipeline. As of December 31, 2021, the company's electric utilities served approximately 810,600 customers in West Central Florida; 536,000 customers in Nova Scotia; 132,000 customers in the island of Barbados; 19,000 customers in the Grand Bahama Island; and 35,700 customers in the island of Dominica, as well as gas utilities and infrastructure served approximately 445,000 customers across Florida and 542,000 customers in New Mexico. It also provides insurance and reinsurance services to Emera and its affiliates, as well as offers financing services. The company was incorporated in 1998 and is headquartered in Halifax, Canada.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Equity (BVPS)	12.67	12.66	13.84	17.70	20.70	25.93	25.50	28.65	30.24	32.87	31.90
growth rate		-0.1%	9.3%	27.9%	17.0%	25.3%	-1.7%	12.4%	5.6%	8.7%	-3.0%
Earnings BIT	375.20	233.20	409.30	670.60	568.00	555.00	1,418.00	1,371.00	1,379.00	1,181.00	938.00
growth rate		-37.9%	75.5%	63.8%	-15.3%	-2.3%	155.5%	-3.3%	0.6%	-14.4%	-20.6%
Avg.PE	17.30	19.72	18.69	14.95	16.99	20.45	34.94	42.46	21.95	13.26	32.68
growth rate		14.0%	-5.2%	-20.0%	13.7%	20.4%	70.9%	21.5%	-48.3%	-39.6%	146.5%
ROA	3.64	3.06	2.65	4.34	3.63	1.10	0.92	2.32	2.07	2.97	1.56
growth rate		-15.9%	-13.4%	63.8%	-16.4%	-69.7%	-16.4%	152.2%	-10.8%	43.5%	-47.5%
ROE	15.66	14.19	11.59	17.00	12.85	4.79	4.30	10.36	8.91	11.90	6.04
growth rate		-9.4%	-18.3%	46.7%	-24.4%	-62.7%	-10.2%	140.9%	-14.0%	33.6%	-49.2%
ROIC	7.31	6.78	6.27	8.49	7.63	4.05	3.49	6.01	5.69	6.15	3.94
growth rate		-7.3%	-7.5%	35.4%	-10.1%	-46.9%	-13.8%	72.2%	-5.3%	8.1%	-35.9%
Cur. Ratio	1.24	0.93	0.76	1.27	1.25	0.67	0.64	0.62	0.60	0.45	0.64
growth rate		-25.0%	-18.3%	67.1%	-1.6%	-46.4%	-4.5%	-3.1%	-3.2%	-25.0%	42.2%
Quick Ratio	0.72	0.58	0.45	0.67	0.81	0.40	0.41	0.38	0.33	0.22	0.30
growth rate		-19.4%	-22.4%	48.9%	20.9%	-50.6%	2.5%	-7.3%	-13.2%	-33.3%	36.4%
Leverage	4.77	4.54	4.24	3.66	3.44	4.87	4.51	4.42	4.21	3.81	3.94
growth rate		-4.8%	-6.6%	-13.7%	-6.0%	41.6%	-7.4%	-2.0%	-4.8%	-9.5%	3.4%
Balance Sheet	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Acct.Receivable	505.90	418.40	590.80	532.60	598.00	1,071.00	1,178.00	1,399.00	977.00	845.00	1,072.00
growth rate		-17.3%	41.2%	-9.9%	12.3%	79.1%	10.0%	18.8%	-30.2%	-13.5%	26.9%
Acct.Payable	339.50		382.60	370.70	394.00	1,242.00	1,161.00	1,289.00	1,118.00	1,148.00	1,485.00
growth rate			6.2%	-3.1%	6.3%	215.2%	-6.5%	11.0%	-13.3%	2.7%	29.4%
Cur.Assets	975.50	940.20	1,161.30	1,410.80	2,596.00	2,511.00	2,526.00	2,832.00	2,486.00	2,178.00	3,136.00
growth rate		-3.6%	23.5%	21.5%	84.0%	-3.3%	0.6%	12.1%	-12.2%	-12.4%	44.0%
Total Assets	6,799.50	7,536.40	8,876.80	9,853.40	12,039.00	29,221.00	28,806.00	32,314.00	31,842.00	31,234.00	34,244.00
growth rate		10.8%	17.8%	11.0%	22.2%	142.7%	-1.4%	12.2%	-1.5%	-1.9%	9.6%
Cash	142.90	86.70	100.80	221.10	1,073.00	404.00	438.00	316.00	222.00	220.00	394.00
growth rate		-39.3%	16.3%	119.4%	385.3%	-62.4%	8.4%	-27.9%	-29.8%	-0.9%	79.1%
Inventory	195.20	177.60	245.80	294.50	314.00	472.00	418.00	474.00	467.00	453.00	538.00
growth rate		-9.0%	38.4%	19.8%	6.6%	50.3%	-11.4%	13.4%	-1.5%	-3.0%	18.8%
Cur.Liabilities	787.30	951.90	1,529.90	1,122.90	1,367.00	3,724.00	3,946.00	4,553.00	4,166.00	4,875.00	4,878.00
growth rate		20.9%	60.7%	-26.6%	21.7%	172.4%	6.0%	15.4%	-8.5%	17.0%	0.1%
Liabilities	5,008.50	5,486.00	5,979.60	6,148.00	7,705.00	22,405.00	21,602.00	23,956.00	23,241.00	21,996.00	24,094.00
growth rate		9.5%	9.0%	2.8%	25.3%	190.8%	-3.6%	10.9%	-3.0%	-5.4%	9.5%
LT Debt	3,252.80	3,257.40	3,363.70	3,660.30	4,416.00	14,268.00	13,140.00	14,292.00	13,679.00	12,339.00	14,196.00
growth rate		0.1%	3.3%	8.8%	20.7%	223.1%	-7.9%	8.8%	-4.3%	-9.8%	15.1%
Equity	1,570.50	2,050.40	2,094.20	2,689.30	3,491.00	5,995.00	6,403.00	7,313.00	7,562.00	8,200.00	8,694.00
growth rate		30.6%	2.1%	28.4%	29.8%	71.7%	6.8%	14.2%	3.4%	8.4%	6.0%
Common Shares	126.00	125.00	133.00	147.00	146.00	172.00	214.00	5,816.00	6,216.00	6,705.00	7,242.00
growth rate		-0.8%	6.4%	10.5%	-0.7%	17.8%	24.4%	2,617.8%	6.9%	7.9%	8.0%
Cash Flow Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Capital Expenditures	474.30	433.60	321.40	433.70	427.00	1,080.00	1,529.00	2,162.00	2,495.00	2,623.00	2,359.00
growth rate		-8.6%	-25.9%	34.9%	-1.5%	152.9%	41.6%	41.4%	15.4%	5.1%	-10.1%
Cash Dividends	169.80	188.30	204.90	236.20	192.00	249.00	315.00	382.00	423.00	454.00	493.00
growth rate		10.9%	8.8%	15.3%	-18.7%	29.7%	26.5%	21.3%	10.7%	7.3%	8.6%
Cash From OA	392.30	397.60	564.20	762.50	674.00	1,053.00	1,193.00	1,690.00	1,525.00	1,637.00	1,185.00
growth rate		1.4%	41.9%	35.2%	-11.6%	56.2%	13.3%	41.7%	-9.8%	7.3%	-27.6%
FCF per Share	0.05	-0.29	0.38	2.64	1.90	1.59	-1.28	-1.94	-2.76	-5.40	-3.06
growth rate		-100.0%	100.0%	594.7%	-28.0%	-16.3%	-100.0%	0.0%	0.0%	0.0%	0.0%
Sale Purchase of Stock	239.60		59.30	310.00	9.00	364.00	702.00
growth rate			-50.3%	422.8%	-97.1%	3,944.4%	92.9%
FCF	-72.00	-36.00	247.00	333.00	247.00	22.00	-336.00	-472.00	-970.00	-986.00	-1,174.00
growth rate		0.0%	100.0%	34.8%	-25.8%	-91.1%	-100.0%	0.0%	0.0%	0.0%	0.0%
Income Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Sales	2,027.40	2,058.60	2,230.20	2,938.60	2,789.00	4,277.00	6,226.00	6,524.00	6,111.00	5,506.00	5,765.00
growth rate		1.5%	8.3%	31.8%	-5.1%	53.4%	45.6%	4.8%	-6.3%	-9.9%	4.7%
Op.Income	311.80	346.50	409.30	670.60	568.00	555.00	1,418.00	1,371.00	1,379.00	1,181.00	938.00
growth rate		11.1%	18.1%	63.8%	-15.3%	-2.3%	155.5%	-3.3%	0.6%	-14.4%	-20.6%
IBT	218.70	233.20	298.60	566.40	545.00	244.00	819.00	816.00	771.00	1,325.00	555.00
growth rate		6.6%	28.0%	89.7%	-3.8%	-55.2%	235.7%	-0.4%	-5.5%	71.9%	-58.1%
Net Income	243.30	231.90	236.80	432.90	427.00	255.00	294.00	746.00	708.00	983.00	560.00
growth rate		-4.7%	2.1%	82.8%	-1.4%	-40.3%	15.3%	153.7%	-5.1%	38.8%	-43.0%
EPS	1.97	1.76	1.64	2.82	2.71	1.32	1.24	3.04	2.76	3.78	1.98
growth rate		-10.7%	-6.8%	72.0%	-3.9%	-51.3%	-6.1%	145.2%	-9.2%	37.0%	-47.6%
Gross Profit	1,520.70	1,137.00	756.80	1,057.80	971.00	1,338.00	2,600.00	2,654.00	2,622.00	2,381.00	2,170.00
growth rate		-25.2%	-33.4%	39.8%	-8.2%	37.8%	94.3%	2.1%	-1.2%	-9.2%	-8.9%

Quarterly Statements

Item Name	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Earnings BIT	25.00	-57.00	537.00	577.00	-11.00
growth rate		-100.0%	100.0%	7.5%	-100.0%
Balance Sheet	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Acct.Receivable	810.00	920.00	1,072.00	1,089.00	1,224.00
growth rate		13.6%	16.5%	1.6%	12.4%
Acct.Payable	1,061.00	1,438.00	1,485.00	1,421.00	1,760.00
growth rate		35.5%	3.3%	-4.3%	23.9%
Cur.Assets	2,145.00	2,809.00	3,136.00	3,388.00	3,953.00
growth rate		31.0%	11.6%	8.0%	16.7%
Total Assets	31,362.00	33,242.00	34,244.00	34,337.00	36,231.00
growth rate		6.0%	3.0%	0.3%	5.5%
Cash	174.00	440.00	394.00	381.00	275.00
growth rate		152.9%	-10.5%	-3.3%	-27.8%
Inventory	475.00	531.00	538.00	438.00	591.00
growth rate		11.8%	1.3%	-18.6%	34.9%
Cur.Liabilities	3,209.00	4,630.00	4,878.00	5,118.00	5,929.00
growth rate		44.3%	5.4%	4.9%	15.9%
Liabilities	21,923.00	23,458.00	24,094.00	24,025.00	25,769.00
growth rate		7.0%	2.7%	-0.3%	7.3%
LT Debt	13,934.00	13,869.00	14,196.00	13,853.00	14,485.00
growth rate		-0.5%	2.4%	-2.4%	4.6%
Equity	8,205.00	8,328.00	8,694.00	8,876.00	9,026.00
growth rate		1.5%	4.4%	2.1%	1.7%
Common Shares	6,957.00	7,103.00	7,242.00	7,365.00	7,509.00
growth rate		2.1%	2.0%	1.7%	2.0%
Cash Flow Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Capital Expenditures	522.00	597.00	763.00	521.00	520.00
growth rate		14.4%	27.8%	-31.7%	-0.2%
Cash Dividends	121.00	126.00	128.00	130.00	134.00
growth rate		4.1%	1.6%	1.6%	3.1%
Cash From OA	332.00	475.00	79.00	601.00	72.00
growth rate		43.1%	-83.4%	660.8%	-88.0%
Sale Purchase of Stock
growth rate
FCF	-190.00	-122.00	-684.00	80.00	-448.00
growth rate		0.0%	0.0%	100.0%	-100.0%
Income Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Sales	1,137.00	1,148.00	1,868.00	2,015.00	1,380.00
growth rate		1.0%	62.7%	7.9%	-31.5%
Op.Income	25.00	-57.00	537.00	577.00	-11.00
growth rate		-100.0%	100.0%	7.5%	-100.0%
IBT	-61.00	-148.00	423.00	473.00	-118.00
growth rate		0.0%	100.0%	11.8%	-100.0%
Net Income	-6.00	-56.00	338.00	378.00	-52.00
growth rate		0.0%	100.0%	11.8%	-100.0%
EPS
growth rate
Gross Profit	332.00	260.00	835.00	895.00	312.00
growth rate		-21.7%	221.2%	7.2%	-65.1%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

E (20.97)

YOY Growth Grade:

E (24.47)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Dividend Yield: 4.7%
Beta: 0.31
Beta of 0.3105 suggests that the asset is less volatile than the rest of the market.
PE: 14.08
EY: 7.1%
PEG: 3.60
PEG Ratio of 3.60 suggests that stock is overpriced.
PEGY: 1.64
PEGY Ratio of 1.64 suggests that stock is overpriced.
Price/BVPS:

Profitability Ratios

ROE: 6.0%
Return on Equity (ROE) of 6.0% suggests that a company may not be able to fund future growth from within.
ROS: 16.3%
The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.
ROA: 1.6%
Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.
ROI: 6.4%
Return on Investment (ROI) of 6.4% suggests that a company may not be able to fund future growth from within.
ROIC: 7.3%
Return on Invested Capital (ROIC) of 7.3% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.

Liquidity Ratios

Current Ratio: 0.64
Current Ratio of 0.64 suggests that a company may not be able to pay off bills as rapidly as it should.
Quick Ratio: 0.30
Quick Ratio of 0.30 suggests that a company does not have enough cash to cover immediate liabilities.
Cash Turnover: -3.31
Turnover Of Cash Ratio of -3.31 suggests that a company may have funds tied up in short-term low-yielding assets or may have a cash surplus, which is not invested in the business.
Equity Ratio: 25.4%
Equity Ratio of 25.4% suggests that a company has high financing and debt service costs, not very attractive to investors.
Debt/Equity: 277.1%
Debt to Equity Ratio of 277.1% suggests that greater risk assumed by creditors, hence greater interest by them in the way the company is being managed.
Debt/FCF: -12.34
Debt/FCF of -12.34 suggests that a company has a negative Free Cash Flow and probably will not be able to pay off its long term debt.

Efficiency Ratios

Avg Collection Period: 67.87
Average Collection Period of 67.87 days suggests a slow turnover, which may be the result of a number of bad accounts, or a tax collection policy or perhaps credit is being used to generate sales.
Inventory Turnover: 6.68
Inventory Turnover Ratio of 6.68 suggests that a company is doing well.
Cash Flow Ratio: 1.08
Cash Flow Ratio of 1.08 suggests a large inventory, a never-out-of-stock situation, perhaps some obsolete items, or slow cash flow in general - could indicate poor liquidity.
Profit Margin: 9.7%

Value Price

PE and EPS

	Historical	Current	Forward
PE	14.12	14.08	17.10
EPS / Growth	4.1%	3.78	3.9%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 12.5%

Estimates	Pessimistic	Moderate	Optimistic
Rate of Return	15.0%
MOS Price %	50 %
Future EPS Growth	3.9%	6.8%	6.8%
Future PE	7.82	14.96	14.96
Future EPS	5.55	7.32	7.32
Value Price MOS %	10.72	27.06	27.06
MOS Price	5.36	13.53	13.53
IRT

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Graham Number: 52.09
Graham MOS:

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