Emera Incorporated
Research Emera Incorporated (EMA) on Bullrun: valuation model: 3.0% undervalued, market cap USD 14.02B, P/E 19.8, dividend yield 2.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerEMA
- ExchangeNYSE
- CountryCanada
- SectorUtilities
- IndustryUtilities-Regulated Electric
- CurrencyUSD
- Valuation signal3.0% undervalued
- Market capUSD 14.02B
- P/E19.8
- Dividend yield2.3%
- Financial periodQ2 2026
- RevenueCAD 2.01B
- Net incomeCAD 124.00M
- Free cash flow-CAD 210.00M
- Gross margin40.9%
Valuation Snapshot
Bullrun's latest valuation model marks Emera Incorporated as 3.0% undervalued; latest market cap is USD 14.02B; P/E is 19.8; dividend yield is 2.3%.
Peer valuation comparison
Latest P/E is 19.8x versus a Utilities sector median of 17.4x (13.8% above).
Latest dividend yield is 2.32% versus a Utilities sector median of 3.57% (34.9% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | CAD 8.78B | CAD 1.09B | -CAD 1.73B | 43.6% | 3.38 | CAD 349.00M | CAD 21.46B | CAD 13.38B |
| FY2024 | CAD 7.20B | CAD 567.00M | -CAD 505.00M | 40.2% | 1.71 | CAD 196.00M | CAD 19.81B | CAD 13.28B |
| FY2023 | CAD 7.56B | CAD 1.04B | -CAD 696.00M | 43.3% | 3.57 | CAD 567.00M | CAD 19.80B | CAD 12.07B |
| FY2022 | CAD 7.59B | CAD 1.01B | -CAD 1.68B | 39.8% | 3.55 | CAD 310.00M | CAD 19.04B | CAD 11.43B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 14.02B | 19.8 | 2.3% | 1.06 |
| 2025 | 2025-12-31 | USD 14.86B | 20.4 | 2.1% | 1.05 |
| 2024 | 2024-12-31 | USD 11.06B | 29.9 | 7.1% | 2.65 |
| 2023 | 2023-12-29 | USD 10.37B | 11.8 | 5.5% | 2.07 |
| 2022 | 2022-12-30 | USD 10.33B | 16.6 | 5.4% | 2.07 |
| 2021 | 2021-12-31 | USD 13.05B | 32.7 | 4.1% | 2.07 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.06 USD, yield 2.3%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.05 CAD |
| FY2024 | 2.65 CAD |
| FY2023 | 2.07 CAD |
| FY2022 | 2.07 CAD |
About Emera Incorporated
Emera 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 involved in the purchase, transmission, distribution, and sale of natural gas; and physical energy marketing, trading, and other energy asset management activities.
Related stock research
Other Utilities stocks
Frequently asked questions
Is Emera Incorporated overvalued or undervalued?
Bullrun's valuation model currently marks Emera Incorporated as 3.0% undervalued.
What is Emera Incorporated's market cap?
Emera Incorporated's market capitalization is USD 14.02B.
What is Emera Incorporated's P/E ratio?
Emera Incorporated's price-to-earnings (P/E) ratio is 19.8.
Does Emera Incorporated pay a dividend?
Emera Incorporated has a dividend yield of 2.3%.
What does Emera Incorporated do?
Emera 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 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.