Emera (EMA)

Utilities · Utilities - Regulated Electric
$46.64 -2.59% on the day Market cap $14.2B 52-week range $46.09 to $55.49 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Emera's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from EMA's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation7
Profitability6
Growth8
Financial health1
Cash efficiency0

Key numbers

P/E (trailing)19.6x
P/E (forward)16.9x
Price / free cash flow—
EV / EBITDA12.7x
Price / sales1.60x
Price / book1.51x
Revenue growth+21.9%
Operating margin22.5%
Net margin11.6%
Return on equity7.6%
Dividend yield6.3%
Debt / equity2.35x

Results from SEC filings

Fiscal years, from Emera's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$5.8B$7.6B$7.6B$7.2B$8.8B
Net income$510M$945M$978M$494M$1.0B
Free cash flow-$1.2B-$1.7B-$696M-$505M-$1.7B
EPS (diluted)$1.98$3.55$3.57$1.71$3.38
Operating margin16.1%21.5%23.7%15.0%22.5%

Where the revenue comes from

Revenue by segments, fiscal 2025.

Florida Electric Utility$4.3B49%
Canadian Electric Utilities$1.9B22%
Gas Utilities and Infrastructure$1.8B20%
Other Electric Utilities$577M7%
Other$206M2%

Superinvestors who own EMA

From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Added $16M0.01%Q2 2026
Joel Greenblatt
Gotham Asset Management
Trimmed $364,3000.00%Q2 2026

Insider buying

Open-market purchases by Emera's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of EMA in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Emera insiders buying the stock?

No open-market insider purchases of EMA in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Emera?

2 of the superinvestors Investingly tracks hold EMA in their latest 13F, including Cliff Asness, Joel Greenblatt.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.