Emera Inc.
Emera Inc. is a North American energy and services company headquartered in Halifax, Nova Scotia. It owns and operates a portfolio of regulated electric and natural gas utilities, with core operations in Florida, Atlantic Canada, New Mexico, and the Caribbean. The company’s business today centers on electricity generation, transmission, and distribution, along with gas transmission, distribution, and related infrastructure. Emera also participates in energy marketing and trading activities, supporting utility operations and customer service across residential, commercial, and industrial markets. Through its regulated utility segments, Emera provides essential energy delivery services in geographically diverse jurisdictions, making it an important participant in the regional utility sector.
$47.37
+$0.09 (+0.19%)
EOD Oct 21, 2026
23.36% operating margin is above average. ROIC at 6.46%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 66.7% YoY with margins expanding 5.2pp.
Negative free cash flow of -C$1.73B. The business is consuming cash, not generating it.
20.5x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
C$8.94B
▲ +66.7% YoY
Net Income (TTM)
C$1.04B
▲ +162.4% YoY
Op. Margin
22.96%
▲ +5.2pp YoY
ROIC
6.46%
▲ +2.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-C$1.16B
▼ -368.5% YoY
Op. Cash Flow (TTM)
C$2.40B
▲ +0.6% YoY
Net Debt
C$21.11B
Cash & Equiv.
C$349M
Continue Research
Is Emera (EMA) overvalued?
At a P/E of 20.5, Emera (EMA)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Emera scores 38/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.6%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Emera a high-quality business?+
Emera scores 38 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 23.0% operating margin and a 6.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Emera (EMA) pay a dividend, and how much?+
Yes, Emera pays a regular dividend of about C$1.05 per share per year (typically in quarterly installments), a yield of roughly 1.6% at the current price. That is a payout ratio of about 31.0% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For EMA's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Emera a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh EMA's valuation and scores 38/100 on quality (lower-quality). It also yields about 1.6%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Utilities - Regulated Electric
Spot a number that looks wrong?
Download this analysis as a PDF (Pro)
Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Keep analysing EMA
Create a free account and get 14 days of Premium: every stock and every tool.
- Unlimited stocks
- Stock screener
- Portfolio tracker
- Editable DCF
- Compare side by side
- Unlimited alerts
No card. Moves to Free after, unless you upgrade.
Already have an account?
Or come back tomorrow. Stocks on your watchlist are always free to view.