Is the business good?
How good a business is EMA?
Emera Incorporated earns 4.5% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
4.5%
Return on invested capital · cost of capital 9.0% · 4.5 points below what the capital costs: growth destroys value
- Operating margin
- 23%
Operating margin · Utilities - Regulated Electric median 22% · fiscal year to FY2025
- Cash conversion
- −1.59×
Cash conversion · −0.89× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +3.6%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 21% |
| FY2021 | 16% |
| FY2022 | 21% |
| FY2023 | 24% |
| FY2024 | 15% |
| FY2025 | 23% |
Details›
- Operating marginfiscal year to FY2025
- 23%
- Net marginfiscal year to FY2025
- 12%
- Free cash flow margin
- −20%
- Revenue, trailing twelve months
- $8.78B
- Free cash flow, trailing twelve months
- −$1.73B
- Net income, trailing twelve months
- $1.09B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.5%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Utilities - Regulated Electric
Ranks #32 of 37 by Smart Score