Emera Incorporated (EMA) 10-Year Financial Performance & Capital Metrics

EMA • • Utilities

UtilitiesElectric UtilitiesInternational Electric UtilitiesAsian & European Electric Utilities

AboutEmera Incorporated, an energy and services company, invests in generation, transmission, and distribution of electricity in the United States, Canada, Barbados, and the Bahamas. The company operates through Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other segments. It is also involved in the purchase, transmission, distribution, and sale of natural gas; and physical energy marketing, trading, and other energy asset management activities. The company was incorporated in 1998 and is headquartered in Halifax, Canada.Show more

Revenue $7.2B -4.8%
EBITDA $2.25B -21.3%
Net Income $567M -45.7%
Free Cash Flow -$505M +27.4%
EBITDA Margin 31.18% -17.4%
Net Margin 7.88% -43.0%
ROE 4.47% -49.6%
Interest Coverage 1.11 -42.8%
Debt/Equity 1.49 -9.0%
Net Debt/EBITDA 8.74 +29.6%
CapEx / Revenue 43.76% +12.7%
CapEx Coverage 0.84 +10.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 3.8%
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

✗High leverage: 8.8x Debt/EBITDA
✗Weak interest coverage of 1.1x

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y9.38%

5Y3.33%

3Y7.69%

TTM15.17%

Profit (Net Income) CAGR

10Y2.74%

5Y-4.34%

3Y0.41%

TTM67.62%

EPS CAGR

10Y-4.88%

5Y-9.13%

3Y-4.77%

TTM65.26%

ROCE

10Y Avg4.67%

5Y Avg4.34%

3Y Avg4.52%

Latest2.97%

Peer Comparison

Asian & European Electric Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
EMAEmera Incorporated	14.74B	48.84	28.56	-4.8%	13.77%	8.71%		1.49
NGGNational Grid plc	78.86B	79.36	26.90	-7.42%	12.72%	12.58%		1.26
FTSFortis Inc.	26.13B	51.70	15.96	-0.08%	14.7%	6.28%		1.30
KEPKorea Electric Power Corporation	23.88B	18.60	0.01	6.77%	6.66%	14.5%	100%	0.59

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	2.79B	4.28B	6.23B	6.52B	6.11B	5.51B	5.76B	7.59B	7.56B	7.2B
Revenue Growth %	-0.05%	0.53%	0.46%	0.05%	-0.06%	-0.1%	0.05%	0.32%	-0%	-0.05%
Cost of Revenue	1.82B	2.94B	3.63B	3.87B	3.49B	3.13B	3.6B	4.56B	4.28B	4.29B
Gross Profit+	971M	1.34B	2.6B	2.65B	2.62B	2.38B	2.17B	3.03B	3.28B	2.9B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.08%	0.38%	0.94%	0.02%	-0.01%	-0.09%	-0.09%	0.4%	0.08%	-0.12%
Operating Expenses+	463M	783M	1.18B	1.26B	1.28B	1.23B	1.24B	1.4B	1.49B	1.82B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	857M	1.15B	2.27B	2.33B	2.25B	2.05B	1.84B	2.59B	2.85B	2.25B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-0.15%	0.34%	0.98%	0.03%	-0.03%	-0.09%	-0.1%	0.4%	0.1%	-0.21%
Depreciation & Amortization+	349M	593M	851M	928M	911M	899M	915M	959M	1.06B	1.17B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	508M	555M	1.42B	1.4B	1.34B	1.15B	930M	1.63B	1.79B	1.08B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.24%	0.09%	1.55%	-0.01%	-0.04%	-0.15%	-0.19%	0.75%	0.1%	-0.4%
Interest Expense+	198.5M	441M	698M	713M	738M	679M	611M	709M	927M	975M
Interest Coverage	2.56x	1.26x	2.03x	1.96x	1.82x	1.69x	1.52x	2.30x	1.94x	1.11x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	545M	244M	819M	816M	771M	1.32B	555M	1.19B	1.17B	409M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	93M	-22M	520M	69M	61M	341M	-6M	185M	128M	-159M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	427M	255M	294M	746M	708M	983M	560M	1.01B	1.04B	567M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.01%	-0.4%	0.15%	1.54%	-0.05%	0.39%	-0.43%	0.8%	0.04%	-0.46%
EPS (Diluted)+	2.71	1.32	1.24	3.19	2.76	3.78	1.98	3.55	3.57	1.71
EPS Growth %	-0.04%	-0.51%	-0.06%	1.57%	-0.13%	0.37%	-0.48%	0.79%	0.01%	-0.52%
EPS (Basic)	2.72	1.33	1.25	3.20	2.76	3.79	1.98	3.56	3.57	1.71
Diluted Shares Outstanding	146M	172M	214.1M	234M	240.5M	248.2M	257.6M	265.9M	273.8M	289M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	12.01B	29.22B	28.77B	32.31B	24.56B	31.23B	34.24B	39.74B	39.48B	42.95B
Asset Growth %	0.22%	1.43%	-0.02%	0.12%	-0.24%	0.27%	0.1%	0.16%	-0.01%	0.09%
PP&E (Net)+	6.19B	17.29B	17B	18.71B	14.06B	19.6B	20.35B	23B	24.38B	26.17B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.6B	2.51B	2.53B	2.83B	1.92B	2.18B	3.14B	4.9B	3.71B	3.69B
Cash & Equivalents	1.07B	404M	438M	273M	210.53M	220M	394M	310M	567M	196M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	314.3M	472M	418M	474M	360.13M	453M	538M	769M	790M	781M
Other Current Assets	316.9M	598M	532M	862M	415.65M	621M	1.07B	2.06B	1.08B	1.42B
Long-Term Investments	1.27B	995M	1.22B	1.32B	1.4B	1.35B	1.38B	1.42B	1.4B	654M
Goodwill	264.1M	6.21B	5.8B	6.31B	4.5B	5.72B	5.7B	6.01B	5.87B	5.86B
Intangible Assets	191.9M	0	0	0	0	0	0	0	0	0
Other Assets	1.47B	2.09B	2.09B	2.97B	2.53B	2.39B	3.38B	4.18B	3.92B	6.19B
Total Liabilities	7.68B	22.41B	21.59B	23.96B	17.92B	22B	24.09B	28.3B	27.39B	29.66B
Total Debt+	4.77B	15.71B	15.12B	16.6B	12.17B	15.41B	16.4B	19.04B	19.8B	19.81B
Net Debt	3.69B	15.31B	14.68B	16.32B	11.96B	15.19B	16.01B	18.73B	19.23B	19.61B
Long-Term Debt	3.75B	14.28B	13.14B	14.29B	10.55B	12.34B	14.2B	15.74B	17.69B	18.17B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	0	63M	0	0	0	0
Total Current Liabilities+	2.08B	3.72B	3.95B	4.55B	3.21B	4.88B	4.88B	7.29B	4.54B	5.12B
Accounts Payable	394M	1.24B	1.16B	1.29B	862.16M	1.15B	1.49B	2.02B	1.45B	1.99B
Accrued Expenses	7M	58M	41M	287M	16.97M	241M	232M	271M	279M	295M
Deferred Revenue	206.8M	326M	265M	15M	0	0	0	0	0	0
Other Current Liabilities	654.5M	987M	762M	666M	757.28M	476M	945M	1.67B	689M	1.18B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K
Other Liabilities	1.06B	467M	1.63B	686M	3.12B	4.72B	3.15B	3.07B	2.81B	4.04B
Total Equity+	4.33B	6.82B	7.18B	8.36B	6.63B	9.24B	10.15B	11.44B	12.09B	13.29B
Equity Growth %	0.17%	0.57%	0.05%	0.16%	-0.21%	0.39%	0.1%	0.13%	0.06%	0.1%
Shareholders Equity	4.2B	6.7B	7.09B	8.32B	6.61B	9.2B	10.12B	11.43B	12.07B	13.28B
Minority Interest	134M	112M	92M	41M	26.99M	34M	34M	14M	14M	14M
Common Stock	2.16B	4.74B	5.6B	5.82B	4.79B	6.71B	7.24B	7.76B	8.46B	9.04B
Additional Paid-in Capital	28.8M	75M	76M	84M	60.15M	79M	79M	81M	82M	84M
Retained Earnings	1.17B	1.08B	891M	1.07B	904.57M	1.5B	1.35B	1.58B	1.8B	1.47B
Accumulated OCI	136.5M	106M	-188M	338M	73.26M	-79M	25M	578M	305M	1.26B
Return on Assets (ROA)	0.04%	0.01%	0.01%	0.02%	0.02%	0.04%	0.02%	0.03%	0.03%	0.01%
Return on Equity (ROE)	0.11%	0.05%	0.04%	0.1%	0.09%	0.12%	0.06%	0.09%	0.09%	0.04%
Debt / Equity	1.10x	2.31x	2.11x	1.99x	1.84x	1.67x	1.62x	1.66x	1.64x	1.49x
Debt / Assets	0.4%	0.54%	0.53%	0.51%	0.5%	0.49%	0.48%	0.48%	0.5%	0.46%
Net Debt / EBITDA	4.31x	13.34x	6.47x	7.02x	5.31x	7.42x	8.68x	7.24x	6.74x	8.74x
Book Value per Share	29.69	39.63	33.54	35.72	27.58	37.22	39.4	43.03	44.15	45.99

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	674.2M	1.05B	1.19B	1.69B	1.52B	1.64B	1.19B	913M	2.24B	2.65B
Operating CF Growth %	-0.12%	0.56%	0.13%	0.42%	-0.1%	0.07%	-0.28%	-0.23%	1.45%	0.18%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	452.4M	266M	299M	747M	710M	984M	561M	1.01B	1.04B	568M
Depreciation & Amortization	352.2M	593M	851M	928M	911M	899M	915M	959M	1.06B	1.17B
Deferred Taxes	20.4M	-67M	469M	185M	125M	381M	-37M	152M	97M	-191M
Other Non-Cash Items	-121.5M	95M	-62M	-45M	-148M	-844M	-102M	-1.01B	134M	652M
Working Capital Changes	-101.6M	134M	-104M	-116M	-73M	217M	-152M	-234M	-95M	452M
Capital Expenditures+	-427.2M	-9.11B	-1.53B	-2.16B	-2.5B	-2.62B	-2.36B	-2.6B	-2.94B	-3.15B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-123.7M	-9.11B	-1.76B	-2.19B	-1.62B	-1.22B	-2.33B	-2.57B	-2.92B	-2.22B
Acquisitions	-58M	-8.41B	0	0	875M	1.4B	3M	0	0	927M
Purchase of Investments	-136.1M	-276M	-213M	-49M	-3M	0	0	0	0	0
Sale of Investments	1000K	1000K	0	0	0	0	0	0	0	0
Other Investing	36.6M	-54M	-19M	21M	6M	-2M	24M	27M	20M	6M
Cash from Financing+	221M	7.45B	593M	344M	14M	-372M	1.31B	1.55B	939M	-818M
Dividends Paid	-192M	-249M	-315M	-382M	-423M	-454M	-493M	-535M	-554M	-611M
Dividend Payout Ratio %	0.38%	0.87%	0.98%	0.46%	0.53%	0.42%	0.79%	0.47%	0.47%	0.95%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	-1000K
Stock Issued	87.4M	354M	682M	10M	203M	285M	317M	277M	424M	284M
Share Repurchases	-135M	0	0	0	0	0	0	0	0	0
Other Financing	-161M	331M	650M	269M	-24M	-11M	-13M	-7M	-12M	3M
Net Change in Cash+	852.3M	-669M	12M	-131M	-98M	-20M	163M	-85M	256M	-367M
Exchange Rate Effect	1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	1000K
Cash at Beginning	221.1M	1.07B	491M	503M	372M	274M	254M	417M	332M	588M
Cash at End	1.07B	404M	503M	372M	274M	254M	417M	332M	588M	221M
Free Cash Flow+	247M	-8.05B	-336M	-472M	-970M	-986M	-1.17B	-1.68B	-696M	-505M
FCF Growth %	3.79%	-33.6%	0.96%	-0.4%	-1.06%	-0.02%	-0.19%	-0.43%	0.59%	0.27%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.62%	4.57%	4.2%	9.6%	9.45%	12.39%	5.78%	9.34%	8.87%	4.47%
EBITDA Margin	30.73%	26.84%	36.44%	35.65%	36.88%	37.16%	32%	34.11%	37.74%	31.18%
Net Debt / EBITDA	4.31x	13.34x	6.47x	7.02x	5.31x	7.42x	8.68x	7.24x	6.74x	8.74x
Interest Coverage	2.56x	1.26x	2.03x	1.96x	1.82x	1.69x	1.52x	2.30x	1.94x	1.11x
CapEx / Revenue	15.32%	212.88%	24.56%	33.14%	40.83%	47.64%	40.92%	34.21%	38.83%	43.76%
Dividend Payout Ratio	37.94%	86.67%	97.62%	46.38%	53.39%	41.61%	79.11%	46.83%	46.74%	94.89%
Debt / Equity	1.10x	2.31x	2.11x	1.99x	1.84x	1.67x	1.62x	1.66x	1.64x	1.49x
EPS Growth	-3.9%	-51.29%	-6.06%	157.26%	-13.48%	36.96%	-47.62%	79.29%	0.56%	-52.1%

Frequently Asked Questions

Valuation & Price

Emera Incorporated (EMA) has a price-to-earnings (P/E) ratio of 28.6x. This suggests investors expect higher future growth.

Growth & Financials

Emera Incorporated (EMA) reported $8.53B in revenue for fiscal year 2024. This represents a 313% increase from $2.06B in 2011.

Emera Incorporated (EMA) saw revenue decline by 4.8% over the past year.

Yes, Emera Incorporated (EMA) is profitable, generating $1.18B in net income for fiscal year 2024 (7.9% net margin).

Dividend & Returns

Yes, Emera Incorporated (EMA) pays a dividend with a yield of 3.81%. This makes it attractive for income-focused investors.

Emera Incorporated (EMA) has a return on equity (ROE) of 4.5%. This is below average, suggesting room for improvement.

Emera Incorporated (EMA) had negative free cash flow of $1.21B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Emera Incorporated (EMA) has a dividend payout ratio of 95%. The high payout ratio may limit dividend growth.

US Stock Screener

...