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Last update at 2025-02-04T17:36:00Z
Emera Teleconference on February 21 to Discuss Q4 2024 Results
Mon 20 Jan 25, 05:09 PMEmera (TSE:EMA) Is Paying Out A Dividend Of CA$0.725
Sat 18 Jan 25, 12:37 PMEmera Announces Expiration and Settlement of Exchange Offer
Fri 17 Jan 25, 07:08 PMEmera Incorporated Announces Dividend Rates for Series F and Series G First Preferred Shares
Thu 16 Jan 25, 08:26 PMShould You Be Concerned About Emera Incorporated's (TSE:EMA) ROE?
Fri 10 Jan 25, 06:59 PMAn Intrinsic Calculation For Emera Incorporated (TSE:EMA) Suggests It's 29% Undervalued
Sat 21 Dec 24, 12:22 PMMaritime Link Financing Trust Completes $500 Million Bond Financing
Mon 16 Dec 24, 01:48 PMEmera Announces Commencement of Exchange Offer
Fri 13 Dec 24, 02:38 PMEmera Announces Strategic Initiatives and Growth Plans at Investor Day
Wed 04 Dec 24, 11:00 AM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 1194.00M | 555.00M | 1325.00M | 771.00M | 816.00M |
| Minority interest | -1.00000M | -1.00000M | 34.00M | 35.00M | 41.00M |
| Net income | 1008.00M | 560.00M | 983.00M | 708.00M | 746.00M |
| Selling general administrative | - | - | - | 2.00M | 27.00M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 3021.00M | 2162.00M | 2370.00M | 2622.00M | 2654.00M |
| Reconciled depreciation | 959.00M | 915.00M | 899.00M | 911.00M | 928.00M |
| Ebit | 1629.00M | 930.00M | 1935.00M | 1343.00M | 1528.00M |
| Ebitda | 2820.00M | 2020.00M | 2834.00M | 2454.00M | 2456.00M |
| Depreciation and amortization | 1191.00M | 1090.00M | 899.00M | 1111.00M | 928.00M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 1629.00M | 930.00M | 1935.00M | 1343.00M | 1398.00M |
| Other operating expenses | 5886.00M | 4835.00M | 4334.00M | 4734.00M | 5126.00M |
| Interest expense | 709.00M | 611.00M | 679.00M | 738.00M | 713.00M |
| Tax provision | 185.00M | -6.00000M | 341.00M | 61.00M | 69.00M |
| Interest income | 580.00M | 468.00M | 530.00M | 584.00M | 559.00M |
| Net interest income | -709.00000M | -611.00000M | -679.00000M | -738.00000M | -713.00000M |
| Extraordinary items | - | - | - | - | 0.00000M |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 185.00M | -6.00000M | 341.00M | 61.00M | 69.00M |
| Total revenue | 7588.00M | 5765.00M | 5506.00M | 6111.00M | 6524.00M |
| Total operating expenses | 1319.00M | 1232.00M | 1198.00M | 1245.00M | 1256.00M |
| Cost of revenue | 4567.00M | 3603.00M | 3136.00M | 3489.00M | 3870.00M |
| Total other income expense net | -435.00000M | -375.00000M | -610.00000M | -572.00000M | -582.00000M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 1009.00M | 561.00M | 984.00M | 710.00M | 747.00M |
| Net income applicable to common shares | 945.00M | 510.50M | 937.60M | 662.80M | 710.00M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 39480.00M | 39742.00M | 34244.00M | 31234.00M | 31842.00M |
| Intangible assets | - | - | - | - | - |
| Earning assets | - | - | - | - | - |
| Other current assets | 1167.00M | 1743.00M | 849.00M | 503.00M | 400.00M |
| Total liab | 27392.00M | 28301.00M | 24094.00M | 21996.00M | 23241.00M |
| Total stockholder equity | 12074.00M | 11427.00M | 10116.00M | 9204.00M | 8566.00M |
| Deferred long term liab | - | 3018.00M | 2313.00M | 1419.00M | 1431.00M |
| Other current liab | 976.00M | 1962.00M | 1189.00M | 720.00M | 1010.00M |
| Common stock | 8462.00M | 7762.00M | 7242.00M | 6705.00M | 6216.00M |
| Capital stock | 9884.00M | 9184.00M | 8664.00M | 7709.00M | 7220.00M |
| Retained earnings | 1803.00M | 1584.00M | 1348.00M | 1495.00M | 1173.00M |
| Other liab | - | 5211.00M | 4961.00M | 4722.00M | 5335.00M |
| Good will | 5871.00M | 6012.00M | 5696.00M | 5720.00M | 5835.00M |
| Other assets | - | 3758.00M | 3619.00M | 2394.00M | 3978.00M |
| Cash | 588.00M | 310.00M | 394.00M | 220.00M | 222.00M |
| Cash and equivalents | - | 310.00M | 394.00M | 220.00M | 222.00M |
| Total current liabilities | 4544.00M | 7287.00M | 4878.00M | 4875.00M | 4166.00M |
| Current deferred revenue | 2.00M | - | - | 242.00M | 260.00M |
| Net debt | 19268.00M | 18734.00M | 16006.00M | 15126.00M | 15495.00M |
| Short term debt | 2112.00M | 3300.00M | 2204.00M | 3007.00M | 2038.00M |
| Short long term debt | 2109.00M | 3300.00M | 2204.00M | 3007.00M | 2038.00M |
| Short long term debt total | 19856.00M | 19044.00M | 16400.00M | 15346.00M | 15717.00M |
| Other stockholder equity | 82.00M | 81.00M | 79.00M | 158.00M | 156.00M |
| Property plant equipment | - | 23054.00M | 20411.00M | 19596.00M | 18231.00M |
| Total current assets | 3708.00M | 4896.00M | 3136.00M | 2178.00M | 2486.00M |
| Long term investments | 1402.00M | 1418.00M | 1382.00M | 1821.00M | 1785.00M |
| Net tangible assets | - | 3993.00M | 2998.00M | 2480.00M | 1727.00M |
| Short term investments | - | - | - | - | 9.00M |
| Net receivables | 1163.00M | 1674.00M | 1072.00M | 845.00M | 1150.00M |
| Long term debt | 17689.00M | 15744.00M | 14196.00M | 12339.00M | 13679.00M |
| Inventory | 790.00M | 769.00M | 538.00M | 453.00M | 467.00M |
| Accounts payable | 1454.00M | 2025.00M | 1485.00M | 1148.00M | 1118.00M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 305.00M | 578.00M | 25.00M | -79.00000M | 95.00M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | 6705.00M | 6216.00M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 3174.00M | 4183.00M | 3382.00M | 2246.00M | 3856.00M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 35772.00M | 34846.00M | 31108.00M | 29056.00M | 29356.00M |
| Capital lease obligations | - | - | - | - | - |
| Long term debt total | - | 15744.00M | 14196.00M | 12339.00M | 13679.00M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -2917.00000M | -2569.00000M | -2332.00000M | -1224.00000M | -1617.00000M |
| Change to liabilities | - | 423.00M | 289.00M | 55.00M | -137.00000M |
| Total cashflows from investing activities | - | -2569.00000M | -2332.00000M | -1224.00000M | -1617.00000M |
| Net borrowings | - | 1820.00M | 1084.00M | -192.00000M | 258.00M |
| Total cash from financing activities | 939.00M | 1555.00M | 1311.00M | -372.00000M | 14.00M |
| Change to operating activities | - | 193.00M | 7.00M | -31.00000M | -71.00000M |
| Net income | 1044.00M | 1009.00M | 561.00M | 984.00M | 710.00M |
| Change in cash | 264.00M | -85.00000M | 163.00M | -20.00000M | -98.00000M |
| Begin period cash flow | 324.00M | 417.00M | 254.00M | 274.00M | 372.00M |
| End period cash flow | 588.00M | 332.00M | 417.00M | 254.00M | 274.00M |
| Total cash from operating activities | 2241.00M | 913.00M | 1185.00M | 1637.00M | 1525.00M |
| Issuance of capital stock | 424.00M | 277.00M | 733.00M | 285.00M | 203.00M |
| Depreciation | 1060.00M | 959.00M | 915.00M | 899.00M | 911.00M |
| Other cashflows from investing activities | - | 27.00M | 24.00M | -2.00000M | 3.00M |
| Dividends paid | 554.00M | 535.00M | 493.00M | 454.00M | 423.00M |
| Change to inventory | -31.00000M | -214.00000M | -84.00000M | 6.00M | -19.00000M |
| Change to account receivables | 653.00M | -636.00000M | -364.00000M | 187.00M | 39.00M |
| Sale purchase of stock | - | 277.00M | 733.00M | 1212.00M | 1479.00M |
| Other cashflows from financing activities | -192.00000M | 2860.00M | 828.00M | 370.00M | -24.00000M |
| Change to netincome | - | -820.00000M | -138.00000M | -462.00000M | -21.00000M |
| Capital expenditures | 2937.00M | 2596.00M | 2359.00M | 2623.00M | 2495.00M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -95.00000M | -234.00000M | -152.00000M | 217.00M | -73.00000M |
| Stock based compensation | 28.00M | 38.00M | 34.00M | 36.00M | 60.00M |
| Other non cash items | 2171.00M | -1011.00000M | -414.00000M | -131.00000M | -43.00000M |
| Free cash flow | -696.00000M | -1683.00000M | -1174.00000M | -986.00000M | -970.00000M |
Sector: Utilities Industry: Utilities - Regulated Electric
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| EMA Emera Inc. |
-0.88 1.57% | 55.25 | 19.53 | 15.72 | 1.95 | 1.30 | 4.78 | 11.88 |
| FTS Fortis Inc |
-0.59 0.95% | 61.67 | 19.09 | 18.18 | 2.68 | 1.47 | 5.54 | 11.66 |
| H Hydro One Ltd |
-0.64 1.41% | 44.60 | 23.67 | 21.83 | 3.20 | 2.21 | 5.20 | 14.59 |
Emera Incorporated, 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 natural gas, solar, hydroelectricity, coal, and biomass 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, 2023, the company's electric utilities served approximately 840,000 customers in West Central Florida; 549,000 customers in Nova Scotia; 134,000 customers in the island of Barbados; 19,000 customers in the Grand Bahama Island; and gas utilities and infrastructure served approximately 490,000 customers across Florida and 540,000 customers in New Mexico. The company was incorporated in 1998 and is headquartered in Halifax, Canada.
5151 Terminal Road, Halifax, NS, Canada, B3J 1A1
| Name | Title | Year Born |
|---|---|---|
| Mr. Scott Carlyle Balfour | CEO, Pres & Director | 1964 |
| Mr. Gregory W. Blunden F.C.A., FCPA | Chief Financial Officer | 1965 |
| Mr. Richard C. Janega P.Eng. | COO of Electric Utilities, Canada & Caribbean and CEO of Emera Newfoundland & Labrador | NA |
| Mr. Bruce A. Marchand | Chief Risk & Sustainability Officer | NA |
| Ms. Karen E. Hutt | Exec. VP of Bus. Devel. & Strategy | NA |
| Mr. Scott LaFleur | Acting Mang., Investor Relations | NA |
| Mr. Michael Barrett B.Com., L.L.B., M.B.A. | Exec. VP, Legal & Gen. Counsel | NA |
| Ms. Lisa Merrithew | VP of Communications & Corp. Affairs | NA |
| Mr. R. Michael Roberts | Chief HR Officer | NA |
| Mr. Daniel P. Muldoon | Exec. VP of Project Devel. & Operations Support | NA |
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