Discounted Cash Flow

Emera Inc. Foreign

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

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 $4.3b $184.9m $16.0m 4.3% $1.33
2017 $6.2b (45.6%) $192.9m (4.3%) $-243.6m (-1627.3%) 3.1% (-28.3%) $1.25 (-6.0%)
2018 $6.5b (4.8%) $514.5m (166.8%) $-342.2m (-40.5%) 7.9% (154.6%) $3.05 (144.0%)
2019 $6.1b (-6.3%) $480.5m (-6.6%) $-703.3m (-105.5%) 7.9% (-0.3%) $2.76 (-9.5%)
2020 $5.5b (-9.9%) $679.8m (41.5%) $-714.9m (-1.6%) 12.3% (57.0%) $3.78 (37.0%)
2021 $5.8b (4.7%) $370.1m (-45.6%) $-851.2m (-19.1%) 6.4% (-48.0%) $1.98 (-47.6%)
2022 $7.6b (31.6%) $685.2m (85.1%) $-1.2b (-43.4%) 9.0% (40.7%) $3.56 (79.8%)
2023 $7.6b (-0.3%) $708.9m (3.4%) $-504.6m (58.6%) 9.4% (3.8%) $3.57 (0.3%)
2024 $7.2b (-4.8%) $357.9m (-49.5%) $-366.1m (27.4%) 5.0% (-47.0%) $1.71 (-52.1%)
2025 $8.8b (21.9%) $735.3m (105.5%) $-1.3b (-242.6%) 8.4% (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.