Discounted Cash Flow

Emera Inc. Foreign

EMA · Based on 10 years of SEC filings · Converted from CAD to USD

⚠ Cash flow predictability 45/100 (moderate) — FCF YoY std dev 55%, net income 55% (full history)

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $3.1b $184.6m $15.9m 6.0% $1.33
2017 $4.5b (45.6%) $192.5m (4.3%) $-243.2m (-1627.3%) 4.3% (-28.3%) $1.25 (-6.0%)
2018 $4.7b (4.8%) $513.6m (166.8%) $-341.6m (-40.5%) 10.9% (154.6%) $3.05 (144.0%)
2019 $4.4b (-6.3%) $479.7m (-6.6%) $-702.1m (-105.5%) 10.8% (-0.3%) $2.76 (-9.5%)
2020 $4.0b (-9.9%) $678.6m (41.5%) $-713.6m (-1.6%) 17.0% (57.0%) $3.78 (37.0%)
2021 $4.2b (4.7%) $369.5m (-45.6%) $-849.7m (-19.1%) 8.9% (-48.0%) $1.98 (-47.6%)
2022 $5.5b (31.6%) $684.0m (85.1%) $-1.2b (-43.4%) 12.5% (40.7%) $3.56 (79.8%)
2023 $5.5b (-0.3%) $707.6m (3.4%) $-503.8m (58.6%) 12.9% (3.8%) $3.57 (0.3%)
2024 $5.2b (-4.8%) $357.3m (-49.5%) $-365.5m (27.4%) 6.9% (-47.0%) $1.71 (-52.1%)
2025 $6.4b (21.9%) $734.1m (105.5%) $-1.3b (-242.6%) 11.6% (68.6%) $3.39 (98.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in CAD. Values above are converted to USD for comparison with the US-listed share price.

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.