Emera Inc
TSX:EMA

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Emera Inc
TSX:EMA
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Price: 61.41 CAD 0.44%
Market Cap: 18.2B CAD

Relative Value

The Relative Value of one EMA stock under the Base Case scenario is 127.9 CAD. Compared to the current market price of 61.41 CAD, Emera Inc is Undervalued by 52%.

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
127.9 CAD
Undervaluation 52%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
17
vs Industry
34
Median 3Y
1.9
Median 5Y
2.1
Industry
1.7
Forward
2.1
vs History
0
vs Industry
10
Median 3Y
19.4
Median 5Y
18.4
Industry
15
Forward
18.6
vs History
73
vs Industry
44
Median 3Y
7.5
Median 5Y
8.3
Industry
6.9
vs History
vs Industry
3
Median 3Y
-6.8
Median 5Y
-10.5
Industry
14.1
vs History
19
vs Industry
44
Median 3Y
1.2
Median 5Y
1.3
Industry
1.4
vs History
15
vs Industry
25
Median 3Y
4.5
Median 5Y
4.6
Industry
2.8
Forward
4.3
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
7.4
vs History
22
vs Industry
27
Median 3Y
12.9
Median 5Y
12.7
Industry
10.4
Forward
10.3
vs History
22
vs Industry
16
Median 3Y
21.8
Median 5Y
22.2
Industry
14.9
Forward
17.4
vs History
87
vs Industry
33
Median 3Y
18
Median 5Y
18
Industry
10.9
vs History
vs Industry
Median 3Y
-33.7
Median 5Y
-26.9
Industry
17
vs History
6
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
18B CAD 2.5 36.4 14.7 27.8
US
Nextera Energy Inc
NYSE:NEE
135.7B USD 5.5 19.6 16.2 29.2
ES
Iberdrola SA
MAD:IBE
96.6B EUR 2.2 17.2 7.4 12.3
US
Southern Co
NYSE:SO
99.3B USD 3.7 22.6 12.9 22.5
US
Duke Energy Corp
NYSE:DUK
92.9B USD 3.1 21.2 12 21.7
IT
Enel SpA
MIL:ENEL
76.5B EUR 1 10.9 6.2 9.7
US
Constellation Energy Corp
NASDAQ:CEG
69.8B USD 3 18.6 10.6 17.3
US
American Electric Power Company Inc
NASDAQ:AEP
56.7B USD 2.9 19.2 12.5 22.1
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
46.4B USD 2 18.9 11.5 21.2
US
Xcel Energy Inc
NASDAQ:XEL
39.5B USD 2.9 20.5 12.8 28.2
P/E Multiple
Earnings Growth PEG
CA
Emera Inc
TSX:EMA
Average P/E: 20.5
36.4
29%
1.3
US
Nextera Energy Inc
NYSE:NEE
19.6
9%
2.2
ES
Iberdrola SA
MAD:IBE
17.2
7%
2.5
US
Southern Co
NYSE:SO
22.6
8%
2.8
US
Duke Energy Corp
NYSE:DUK
21.2
8%
2.6
IT
Enel SpA
MIL:ENEL
10.9
2%
5.4
US
Constellation Energy Corp
NASDAQ:CEG
18.6
0%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
19.2
7%
2.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
US
Exelon Corp
NASDAQ:EXC
18.9
8%
2.4
US
Xcel Energy Inc
NASDAQ:XEL
20.5
10%
2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Emera Inc
TSX:EMA
Average EV/EBITDA: 11.7
14.7
16%
0.9
US
Nextera Energy Inc
NYSE:NEE
16.2
19%
0.9
ES
Iberdrola SA
MAD:IBE
7.4
0%
N/A
US
Southern Co
NYSE:SO
12.9
7%
1.8
US
Duke Energy Corp
NYSE:DUK
12
7%
1.7
IT
Enel SpA
MIL:ENEL
6.2
7%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
10.6
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.5
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11.5
9%
1.3
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: 21.2
27.8
23%
1.2
US
Nextera Energy Inc
NYSE:NEE
29.2
24%
1.2
ES
Iberdrola SA
MAD:IBE
12.3
1%
12.3
US
Southern Co
NYSE:SO
22.5
6%
3.7
US
Duke Energy Corp
NYSE:DUK
21.7
8%
2.7
IT
Enel SpA
MIL:ENEL
9.7
7%
1.4
US
Constellation Energy Corp
NASDAQ:CEG
17.3
2%
8.7
US
American Electric Power Company Inc
NASDAQ:AEP
22.1
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
21.2
9%
2.4
US
Xcel Energy Inc
NASDAQ:XEL
28.2
22%
1.3