EMERA INC - EMACN 6.434 PERP (EMA-PR-C.CA) Stock Fundamental Analysis
TSX:EMA-PR-C - Toronto Stock Exchange - CA2908765076 - Currency: CAD
Taking everything into account, EMA-PR-C scores 3 out of 10 in our fundamental rating. EMA-PR-C was compared to 19 industry peers in the Electric Utilities industry. Both the profitability and financial health of EMA-PR-C have multiple concerns. EMA-PR-C has a valuation in line with the averages, but on the other hand it scores bad on growth. EMA-PR-C also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
EMA-PR-C had positive earnings in the past year.
In the past year EMA-PR-C had a positive cash flow from operations.
Each year in the past 5 years EMA-PR-C has been profitable.
Each year in the past 5 years EMA-PR-C had a positive operating cash flow.
1.2 Ratios
EMA-PR-C has a Return On Assets of 1.59%. This is amonst the worse of the industry: EMA-PR-C underperforms 84.21% of its industry peers.
EMA-PR-C has a worse Return On Equity (5.06%) than 84.21% of its industry peers.
EMA-PR-C's Return On Invested Capital of 3.05% is on the low side compared to the rest of the industry. EMA-PR-C is outperformed by 84.21% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EMA-PR-C is in line with the industry average of 3.62%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.59% | ||
| ROE | 5.06% | ||
| ROIC | 3.05% |
ROA(3y)2%
ROA(5y)2.1%
ROE(3y)6.7%
ROE(5y)7.06%
ROIC(3y)3.14%
ROIC(5y)2.92%
1.3 Margins
Looking at the Profit Margin, with a value of 8.49%, EMA-PR-C is doing worse than 84.21% of the companies in the same industry.
In the last couple of years the Profit Margin of EMA-PR-C has declined.
EMA-PR-C has a Operating Margin of 21.15%. This is in the lower half of the industry: EMA-PR-C underperforms 78.95% of its industry peers.
In the last couple of years the Operating Margin of EMA-PR-C has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.15% | ||
| PM (TTM) | 8.49% | ||
| GM | N/A |
OM growth 3Y3.96%
OM growth 5Y-4.26%
PM growth 3Y-8.12%
PM growth 5Y-8.76%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EMA-PR-C is destroying value.
EMA-PR-C has more shares outstanding than it did 1 year ago.
The number of shares outstanding for EMA-PR-C has been increased compared to 5 years ago.
EMA-PR-C has a better debt/assets ratio than last year.
2.2 Solvency
EMA-PR-C has an Altman-Z score of 0.49. This is a bad value and indicates that EMA-PR-C is not financially healthy and even has some risk of bankruptcy.
EMA-PR-C has a Altman-Z score of 0.49. This is in the better half of the industry: EMA-PR-C outperforms 73.68% of its industry peers.
A Debt/Equity ratio of 1.50 is on the high side and indicates that EMA-PR-C has dependencies on debt financing.
With a Debt to Equity ratio value of 1.50, EMA-PR-C is not doing good in the industry: 84.21% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.49 |
ROIC/WACC0.66
WACC4.63%
2.3 Liquidity
A Current Ratio of 0.72 indicates that EMA-PR-C may have some problems paying its short term obligations.
With a decent Current ratio value of 0.72, EMA-PR-C is doing good in the industry, outperforming 63.16% of the companies in the same industry.
EMA-PR-C has a Quick Ratio of 0.72. This is a bad value and indicates that EMA-PR-C is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.54, EMA-PR-C is in line with its industry, outperforming 57.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
The earnings per share for EMA-PR-C have decreased by -1.01% in the last year.
The Earnings Per Share has been growing slightly by 2.49% on average over the past years.
The Revenue has decreased by -4.80% in the past year.
The Revenue has been growing slightly by 3.33% on average over the past years.
EPS 1Y (TTM)-1.01%
EPS 3Y1.4%
EPS 5Y2.49%
EPS Q2Q%33.33%
Revenue 1Y (TTM)-4.8%
Revenue growth 3Y7.69%
Revenue growth 5Y3.33%
Sales Q2Q%-10.6%
3.2 Future
EMA-PR-C is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.39% yearly.
The Revenue is expected to grow by 2.62% on average over the next years.
EPS Next Y11.25%
EPS Next 2Y7.26%
EPS Next 3Y6.57%
EPS Next 5Y5.39%
Revenue Next Year7.88%
Revenue Next 2Y3.3%
Revenue Next 3Y4.45%
Revenue Next 5Y2.62%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.75, the valuation of EMA-PR-C can be described as very cheap.
68.42% of the companies in the same industry are cheaper than EMA-PR-C, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of EMA-PR-C to the average of the S&P500 Index (28.22), we can say EMA-PR-C is valued rather cheaply.
The Price/Forward Earnings ratio is 6.96, which indicates a rather cheap valuation of EMA-PR-C.
Based on the Price/Forward Earnings ratio, EMA-PR-C is valued a bit more expensive than the industry average as 68.42% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of EMA-PR-C to the average of the S&P500 Index (20.86), we can say EMA-PR-C is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.75 | ||
| Fwd PE | 6.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, EMA-PR-C is valued a bit more expensive than 68.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.82 |
4.3 Compensation for Growth
EMA-PR-C's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.69
PEG (5Y)3.11
EPS Next 2Y7.26%
EPS Next 3Y6.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.74%, EMA-PR-C is a good candidate for dividend investing.
EMA-PR-C's Dividend Yield is rather good when compared to the industry average which is at 4.21. EMA-PR-C pays more dividend than 84.21% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, EMA-PR-C pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.74% |
5.2 History
The dividend of EMA-PR-C has a limited annual growth rate of 3.46%.
EMA-PR-C has paid a dividend for at least 10 years, which is a reliable track record.
EMA-PR-C has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.46%
Div Incr Years2
Div Non Decr Years12
5.3 Sustainability
EMA-PR-C pays out 95.55% of its income as dividend. This is not a sustainable payout ratio.
The dividend of EMA-PR-C is growing, but earnings are growing more, so the dividend growth is sustainable.
DP95.55%
EPS Next 2Y7.26%
EPS Next 3Y6.57%
TSX:EMA-PR-C (5/2/2025, 7:00:00 PM)
22.78
-0.33 (-1.43%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners31.98%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap6.78B
Analysts70.59
Price Target22.45 (-1.45%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.74% |
Yearly Dividend2.11
Dividend Growth(5Y)3.46%
DP95.55%
Div Incr Years2
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.7%
Min EPS beat(2)-10.21%
Max EPS beat(2)2.82%
EPS beat(4)1
Avg EPS beat(4)-6.5%
Min EPS beat(4)-11.73%
Max EPS beat(4)2.82%
EPS beat(8)4
Avg EPS beat(8)0.6%
EPS beat(12)5
Avg EPS beat(12)-0.04%
EPS beat(16)7
Avg EPS beat(16)0.9%
Revenue beat(2)0
Avg Revenue beat(2)-14.55%
Min Revenue beat(2)-23.25%
Max Revenue beat(2)-5.85%
Revenue beat(4)0
Avg Revenue beat(4)-9.49%
Min Revenue beat(4)-23.25%
Max Revenue beat(4)-1.8%
Revenue beat(8)2
Avg Revenue beat(8)1.46%
Revenue beat(12)6
Avg Revenue beat(12)3.35%
Revenue beat(16)6
Avg Revenue beat(16)-1.39%
PT rev (1m)-8.02%
PT rev (3m)-10.13%
EPS NQ rev (1m)-0.83%
EPS NQ rev (3m)1.43%
EPS NY rev (1m)0.29%
EPS NY rev (3m)2.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.1%
Revenue NY rev (1m)-1.86%
Revenue NY rev (3m)-0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.75 | ||
| Fwd PE | 6.96 | ||
| P/S | 0.92 | ||
| P/FCF | N/A | ||
| P/OCF | 2.86 | ||
| P/B | 0.55 | ||
| P/tB | 0.98 | ||
| EV/EBITDA | 8.82 |
EPS(TTM)2.94
EY12.91%
EPS(NY)3.27
Fwd EY14.36%
FCF(TTM)-2.42
FCFYN/A
OCF(TTM)7.98
OCFY35.02%
SpS24.88
BVpS41.74
TBVpS23.28
PEG (NY)0.69
PEG (5Y)3.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.59% | ||
| ROE | 5.06% | ||
| ROCE | 4.41% | ||
| ROIC | 3.05% | ||
| ROICexc | 3.07% | ||
| ROICexgc | 3.62% | ||
| OM | 21.15% | ||
| PM (TTM) | 8.49% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)2%
ROA(5y)2.1%
ROE(3y)6.7%
ROE(5y)7.06%
ROIC(3y)3.14%
ROIC(5y)2.92%
ROICexc(3y)3.18%
ROICexc(5y)2.95%
ROICexgc(3y)3.8%
ROICexgc(5y)3.58%
ROCE(3y)4.61%
ROCE(5y)4.29%
ROICexcg growth 3Y1.9%
ROICexcg growth 5Y-7.94%
ROICexc growth 3Y3.35%
ROICexc growth 5Y-6.78%
OM growth 3Y3.96%
OM growth 5Y-4.26%
PM growth 3Y-8.12%
PM growth 5Y-8.76%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.86 | ||
| Cap/Depr | 270.72% | ||
| Cap/Sales | 41.8% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 87.61% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | 0.49 |
F-Score4
WACC4.63%
ROIC/WACC0.66
Cap/Depr(3y)272.75%
Cap/Depr(5y)273.57%
Cap/Sales(3y)38.94%
Cap/Sales(5y)41.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.01%
EPS 3Y1.4%
EPS 5Y2.49%
EPS Q2Q%33.33%
EPS Next Y11.25%
EPS Next 2Y7.26%
EPS Next 3Y6.57%
EPS Next 5Y5.39%
Revenue 1Y (TTM)-4.8%
Revenue growth 3Y7.69%
Revenue growth 5Y3.33%
Sales Q2Q%-10.6%
Revenue Next Year7.88%
Revenue Next 2Y3.3%
Revenue Next 3Y4.45%
Revenue Next 5Y2.62%
EBIT growth 1Y-24.74%
EBIT growth 3Y11.95%
EBIT growth 5Y-1.07%
EBIT Next Year99.26%
EBIT Next 3Y29.26%
EBIT Next 5Y19.32%
FCF growth 1Y38.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y33.73%
OCF growth 3Y30.7%
OCF growth 5Y11.65%