Emera Inc
TSX:EMA

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Emera Inc
TSX:EMA
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Price: 58.78 CAD -0.27% Market Closed
Market Cap: 17.4B CAD

Relative Value

The Relative Value of one EMA stock under the Base Case scenario is 128.18 CAD. Compared to the current market price of 58.78 CAD, Emera Inc is Undervalued by 54%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

EMA Relative Value
Base Case
128.18 CAD
Undervaluation 54%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
22
vs Industry
34
Median 3Y
1.9
Median 5Y
2
Industry
1.7
Forward
2
vs History
0
vs Industry
10
Median 3Y
19.4
Median 5Y
18.4
Industry
14.9
Forward
17.9
vs History
76
vs Industry
44
Median 3Y
10.5
Median 5Y
8.3
Industry
7
vs History
vs Industry
3
Median 3Y
-6.8
Median 5Y
-10.5
Industry
13.8
vs History
25
vs Industry
44
Median 3Y
1.2
Median 5Y
1.3
Industry
1.4
vs History
19
vs Industry
25
Median 3Y
4.5
Median 5Y
4.6
Industry
2.7
Forward
4.2
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
7.3
vs History
23
vs Industry
27
Median 3Y
12.9
Median 5Y
12.7
Industry
10.3
Forward
10
vs History
23
vs Industry
16
Median 3Y
21.8
Median 5Y
22.2
Industry
14.5
Forward
17
vs History
88
vs Industry
33
Median 3Y
20.8
Median 5Y
18
Industry
11
vs History
vs Industry
Median 3Y
-27.1
Median 5Y
-26.9
Industry
16.6
vs History
11
vs Industry
41
Median 3Y
0.9
Median 5Y
0.9
Industry
0.9

Multiples Across Competitors

EMA Competitors Multiples
Emera Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Emera Inc
TSX:EMA
17.2B CAD 2.4 34.8 14.4 27.3
US
Nextera Energy Inc
NYSE:NEE
143.4B USD 5.8 20.7 16.8 30.3
US
Southern Co
NYSE:SO
97.9B USD 3.7 22.2 12.7 22.3
ES
Iberdrola SA
MAD:IBE
91B EUR 2 16.2 7.1 11.8
US
Duke Energy Corp
NYSE:DUK
90.9B USD 3 20.6 11.9 21.5
IT
Enel SpA
MIL:ENEL
74.3B EUR 1 10.7 5.7 8.5
US
Constellation Energy Corp
NASDAQ:CEG
67.9B USD 2.9 18.1 10.4 16.9
US
American Electric Power Company Inc
NASDAQ:AEP
55.4B USD 2.8 18.7 12.3 21.8
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
44.2B USD 1.9 18 11.3 20.7
US
Xcel Energy Inc
NASDAQ:XEL
39.6B USD 2.9 20.4 12.8 28.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Emera Inc
TSX:EMA
Average EV/EBITDA: 11.5
14.4
16%
0.9
US
Nextera Energy Inc
NYSE:NEE
16.8
19%
0.9
US
Southern Co
NYSE:SO
12.7
7%
1.8
ES
Iberdrola SA
MAD:IBE
7.1
-1%
N/A
US
Duke Energy Corp
NYSE:DUK
11.9
7%
1.7
IT
Enel SpA
MIL:ENEL
5.7
3%
1.9
US
Constellation Energy Corp
NASDAQ:CEG
10.4
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.3
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11.3
10%
1.1
US
Xcel Energy Inc
NASDAQ:XEL
12.8
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Emera Inc
TSX:EMA
Average EV/EBIT: 20.9
27.3
23%
1.2
US
Nextera Energy Inc
NYSE:NEE
30.3
24%
1.3
US
Southern Co
NYSE:SO
22.3
6%
3.7
ES
Iberdrola SA
MAD:IBE
11.8
1%
11.8
US
Duke Energy Corp
NYSE:DUK
21.5
8%
2.7
IT
Enel SpA
MIL:ENEL
8.5
2%
4.2
US
Constellation Energy Corp
NASDAQ:CEG
16.9
2%
8.4
US
American Electric Power Company Inc
NASDAQ:AEP
21.8
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
20.7
9%
2.3
US
Xcel Energy Inc
NASDAQ:XEL
28.3
22%
1.3