This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
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Emera Inc. TSX: EMA OTC: EMRAF www.emera.com/  Fiscal Yr: Dec 31
Year 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 Value Description #Y Item
Accounting Rules C GAAP USGAAP USGAAP USGAAP USGAAP USGAAP USGAAP USGAAP USGAAP USGAAP Accounting Rules
USD - CDN$ 1.0636 1.1601 1.3847 1.3427 1.3116 1.3116 1.3116 USD - CDN$
Comments restated, but does not say so.
Revenue* $1,168.0 $1,166.0 $1,339.5 $1,331.9 $1,465.5 $1,553.7 $2,064.4 $2,058.6 $2,230.2 $2,971.9 $2,789.3 $4,277 $7,047 $7,342 $7,657 266.81% <-Total Growth 10 Revenue
Increase -4.42% -0.17% 14.88% -0.57% 10.03% 6.02% 32.87% -0.28% 8.34% 33.26% -6.14% 53.34% 64.77% 4.19% 4.29% 13.88% <-IRR #YR-> 10 Revenue
5 year Running Average $1,189 $1,221 $1,243 $1,245 $1,294 $1,371 $1,551 $1,695 $1,874 $2,176 $2,423 $2,865 $3,863 $4,885 $5,822 15.68% <-IRR #YR-> 5 Revenue
Revenue per Share $10.61 $10.51 $12.02 $11.87 $12.97 $13.56 $16.81 $15.72 $16.78 $20.67 $18.95 $20.36 $33.55 $34.96 $36.46 8.91% <-IRR #YR-> 10 5 yr Running Average
Increase -5.49% -0.92% 14.32% -1.22% 9.28% 4.50% 23.99% -6.49% 6.78% 23.16% -8.33% 7.48% 64.77% 4.19% 4.29% 13.06% <-IRR #YR-> 5 5 yr Running Average
5 year Running Average $11.13 $11.19 $11.31 $11.25 $11.60 $12.18 $13.44 $14.18 $15.17 $16.71 $17.78 $18.50 $22.06 $25.70 $28.86 6.84% <-IRR #YR-> 10 Revenue per Share
P/S (Price/Sales) Med 1.76 1.93 1.69 1.77 1.70 2.04 1.84 2.16 1.97 1.69 2.27 2.25 3.91% <-IRR #YR-> 5 Revenue per Share
P/S (Price/Sales) Close 1.98 2.15 1.82 1.87 1.93 2.31 1.97 2.21 1.82 1.87 2.28 2.23 1.35 1.29 1.24 5.16% <-IRR #YR-> 10 5 yr Running Average
*Revenue in M CDN $  P/S Med 10 yr  1.90 5 yr  2.16 -29.09% Diff M/C 6.59% <-IRR #YR-> 5 5 yr Running Average
-$1,166 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,277
-$2,064 $0 $0 $0 $0 $4,277
-$1,221 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,865
-$1,551 $0 $0 $0 $0 $2,865
-$10.51 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.36
-$16.81 $0.00 $0.00 $0.00 $0.00 $20.36
-$11.19 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.50
-$13.44 $0.00 $0.00 $0.00 $0.00 $18.50
AFFO* $2.06 $1.73 $2.72 $3.29 $3.30 $2.43 $2.98 $3.85 40.46% <-Total Growth 5 AFFO From 2015 from TD
Increase -16.02% 57.23% 20.96% 0.30% -26.36% 22.63% 29.19% 3.36% <-IRR #YR-> 5 AFFO
AFFO Yield 6.2% 5.0% 8.9% 8.5% 7.6% 5.4% 6.6% 8.5% 3.36% <-IRR #YR-> 5 AFFO
5 year Running Average $2.62 $2.69 $2.94 $3.17 2.82% <-IRR #YR-> 1 5 yr Running Average
Payout Ratio 63.71% 78.76% 51.93% 44.83% 50.38% 82.10% 70.13% 54.29% 2.82% <-IRR #YR-> 1 5 yr Running Average
5 year Running Average 55.15% 58.70% 58.66% 58.75% 56.93% <-Median-> 2 Payout 5 yr Running Average
Price/AFFO Median 15.00 19.59 12.14 10.63 13.04 18.86 15.29 0.00 13.04 <-Median-> 5 P/AFFO Med
Price/AFFO High 16.33 20.42 13.63 11.98 14.31 20.40 15.53 0.00 14.31 <-Median-> 5 P/AFFO High
Price/AFFO Low 13.66 18.76 10.65 9.29 11.77 17.32 15.06 0.00 11.77 <-Median-> 5 P/AFFO Low
Price/AFFO Close 16.04 20.08 11.24 11.74 13.10 18.68 15.19 11.76 13.10 <-Median-> 5 P/AFFO Close
Trailing P/AFFO Close 16.86 17.67 14.21 13.14 13.75 14.21 <-Median-> 5 Trailing P/AFFO Close
Median Values DPR 10 Yrs 57.82% 5 Yrs   51.93% P/CF 5 Yrs   in order 13.04 14.31 11.77 13.10 16.49% Diff M/C 16.49% Diff M/C 10 DPR 75% to 95% best
* Adjusted Funds From Operations
EPS Basic $1.11 $1.14 $1.36 $1.29 $1.56 $1.67 $1.99 $1.77 $1.64 $2.84 $2.72 $1.33 16.67% <-Total Growth 10 Earnings
EPS Diluted* $1.09 $1.12 $1.32 $1.26 $1.52 $1.65 $1.97 $1.76 $1.64 $2.82 $2.71 $1.32 $2.77 $3.04 $3.05 17.86% <-Total Growth 10 Earnings
Increase -6.03% 2.75% 17.86% -4.55% 20.63% 8.55% 19.39% -10.66% -6.82% 71.95% -3.90% -51.29% 109.85% 9.75% 0.33% 1.66% <-IRR #YR-> 10 Earnings
Earnings Yield 5.2% 5.0% 6.0% 5.7% 6.1% 5.3% 6.0% 5.1% 5.4% 7.3% 6.3% 2.9% 6.1% 6.7% 6.7% -7.70% <-IRR #YR-> 5 Earnings
5 year Running Average $1.08 $1.07 $1.17 $1.19 $1.26 $1.37 $1.54 $1.63 $1.71 $1.97 $2.18 $2.05 $2.25 $2.53 $2.58 6.70% <-IRR #YR-> 10 5 yr Running Average
10 year Running Average $1.08 $1.09 $1.12 $1.14 $1.18 $1.23 $1.31 $1.40 $1.45 $1.62 $1.78 $1.80 $1.94 $2.12 $2.27 5.83% <-IRR #YR-> 5 5 yr Running Average
* Diluted ESP per share  E/P 10 Yrs 5.82% 5Yrs 5.36%
-$1.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.32
-$1.97 $0.00 $0.00 $0.00 $0.00 $1.32
-$1.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.05
-$1.54 $0.00 $0.00 $0.00 $0.00 $2.05
Dividend US$ Qrtly $0.329 $0.312 $0.280 $0.389 Dividend US$ Qrtly
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Dividend* $0.89 $0.89 $0.90 $0.97 $1.03 $1.16 $1.31 $1.36 $1.41 $1.48 $1.66 $2.00 $2.09 $2.09 $2.09 124.16% <-Total Growth 10 Dividends
Increase 1.14% 0.00% 1.12% 7.22% 6.74% 12.86% 12.90% 3.81% 3.67% 4.42% 12.71% 20.00% 4.76% 0.00% 0.00% 6.98% <-Median-> 10 Dividends
Dividends 5 Yr Running $0.87 $0.88 $0.88 $0.91 $0.94 $0.99 $1.07 $1.17 $1.26 $1.35 $1.45 $1.58 $1.73 $1.86 $1.99 Count 21 Years of data
Yield H/L Price 4.75% 4.39% 4.44% 4.61% 4.66% 4.20% 4.25% 4.02% 4.28% 4.22% 3.86% 4.35% 4.59% 4.26% <-Median-> 10 Dividends
Yield on High  Price 4.23% 3.89% 3.94% 4.10% 4.04% 3.18% 3.90% 3.86% 3.81% 3.74% 3.52% 4.03% 4.52% 3.88% <-Median-> 10 Dividends
Yield on Low Price 5.43% 5.03% 5.08% 5.26% 5.51% 6.18% 4.66% 4.20% 4.88% 4.82% 4.28% 4.74% 4.66% 4.85% <-Median-> 10 Dividends
Yield on Close Price 4.23% 3.94% 4.11% 4.35% 4.11% 3.71% 3.97% 3.92% 4.62% 3.82% 3.85% 4.40% 4.62% 4.62% 4.62% 4.04% <-Median-> 10 Dividends
Payout Ratio EPS 81.65% 79.46% 68.18% 76.59% 67.76% 70.45% 66.62% 77.41% 86.13% 52.30% 61.35% 151.14% 75.45% 68.75% 68.52% 69.32% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 80.37% 81.72% 75.68% 76.05% 74.09% 72.02% 69.56% 71.48% 73.54% 68.34% 66.28% 77.15% 76.69% 73.56% 77.02% 72.78% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 59.64% 28.55% 28.55% 45.65% 38.43% 32.00% 40.35% 44.88% 33.27% 27.81% 36.30% 39.79% 34.15% 31.48% 28.05% 37.37% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 41.85% 36.48% 34.62% 35.72% 37.23% 33.66% 36.21% 39.64% 37.28% 34.54% 35.39% 35.65% 34.18% 33.67% 33.31% 35.69% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 35.35% 30.24% 27.97% 34.10% 35.13% 39.64% 36.66% 43.40% 32.49% 29.16% 31.55% 45.59% 34.15% 31.48% 28.05% 34.61% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 35.44% 34.30% 32.47% 31.80% 32.37% 33.30% 34.66% 37.84% 37.09% 35.29% 33.77% 35.63% 34.30% 33.91% 33.25% 34.21% <-Median-> 10 DPR CF WC 5 Yr Running
Median 5 Yrs 5 Yr Med 5 Yr Cl 4.22% 3.92% 5 Yr Med Payout 77.41% 36.30% 32.49% 8.41% <-IRR #YR-> 10 Dividends
* Dividends per share  5 Yr Med and Cur. 9.50% 17.71% Last Div Inc ---> $0.400 $0.475 18.8% 8.73% <-IRR #YR-> 5 Dividends
-$0.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.00
-$1.31 $0.00 $0.00 $0.00 $0.00 $2.00
Historical Dividends Historical High Div 7.14% Low Div 3.63% Ave Div 5.39% Med Div 4.76% Close Div 4.55% Historical Dividends
High/Ave/Median Values Curr diff Exp. -35.34%     27.18% Exp. -14.27% Exp. -3.01% Cheap 1.39% High/Ave/Median 
Future Dividend Yield Div Yd 6.78% earning in 5 Years at IRR of 8.00% Div Inc. 46.93% Future Dividend Yield
Future Dividend Yield Div Yd 9.97% earning in 10 Years at IRR of 8.00% Div Inc. 115.89% Future Dividend Yield
Future Dividend Yield Div Yd 14.65% earning in 15 Years at IRR of 8.00% Div Inc. 217.22% Future Dividend Yield
I am earning GC Div Gr 60.77% 09/08/11 # yrs -> 6 2011 $28.87 Cap Gain 56.81% I am earning GC
I am earning Div org yield 4.50% 1/31/15 Pension Div G Yrly 14.61% Div start $1.30 -4.50% 7.24% I am earning Div
I am earning GC Div Gr 134.83% 15/07/05 # yrs -> 12 2005 $18.95 Cap Gain 138.89% I am earning GC
I am earning Div org yield 4.70% 1/31/15 Pension Div G Yrly 9.35% Div start $0.89 -4.70% 11.03% I am earning Div
Yield if held 5 yrs 5.76% 5.95% 5.37% 5.72% 6.02% 6.21% 6.47% 6.72% 6.74% 6.68% 6.01% 6.46% 6.17% 6.33% 5.97% 6.33% <-Median-> 10 Paid Median Price
Yield if held 10 yrs 6.78% 6.18% 5.62% 6.05% 7.52% 8.78% 8.13% 8.37% 8.62% 8.88% 9.84% 10.31% 9.97% 9.46% 8.25% <-Median-> 10 Paid Median Price
Yield if held 15 yrs 10.00% 9.35% 8.22% 8.66% 10.76% 13.34% 12.48% 12.39% 12.22% 9.68% <-Median-> 6 Paid Median Price
Yield if held 20 yrs 15.20% 14.35% 12.17% 12.28% 15.20% <-Median-> 1 Paid Median Price
Cost covered if held 5 years 28.09% 29.30% 26.39% 26.82% 27.32% 26.43% 26.49% 28.77% 29.97% 30.44% 26.12% 25.59% 25.48% 28.21% 28.38% 26.65% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 64.99% 59.18% 51.03% 52.66% 60.11% 65.22% 61.21% 64.05% 66.63% 65.02% 65.49% 71.37% 74.41% 75.37% 62.63% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 105.90% 99.23% 87.60% 92.16% 106.88% 118.11% 112.76% 119.25% 124.65% 102.57% <-Median-> 6 Paid Median Price
Cost covered if held 20 years 166.15% 158.51% 141.82% 150.47% 166.15% <-Median-> 1 Paid Median Price
Graham No. $17.44 $17.89 $19.03 $19.76 $21.35 $22.96 $22.89 $22.39 $24.11 $34.45 $38.02 $29.12 $42.18 $44.19 $44.26 62.80% <-Total Growth 10 Graham Price
Price/GP Ratio Med 1.07 1.13 1.06 1.06 1.03 1.21 1.35 1.51 1.37 1.02 1.13 1.57 1.08 1.17 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.21 1.28 1.20 1.19 1.19 1.59 1.47 1.58 1.54 1.14 1.24 1.70 1.10 1.36 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.94 0.99 0.93 0.93 0.88 0.82 1.23 1.45 1.20 0.89 1.02 1.45 1.06 0.98 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.21 1.26 1.15 1.12 1.17 1.37 1.44 1.55 1.27 1.12 1.14 1.56 1.07 1.02 1.02 1.22 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 20.61% 26.36% 15.00% 12.32% 17.42% 36.57% 44.31% 55.13% 26.77% 12.16% 13.69% 55.89% 7.33% 2.45% 2.28% 22.10% <-Median-> 10 Graham Price
Price Close $21.04 $22.60 $21.89 $22.20 $25.07 $31.35 $33.04 $34.74 $30.57 $38.64 $43.23 $45.39 $45.27 $45.27 $45.27 100.84% <-Total Growth 10 Stock Price
Increase 9.41% 7.41% -3.14% 1.42% 12.93% 25.05% 5.39% 5.15% -12.00% 26.40% 11.88% 5.00% -0.26% 0.00% 0.00% 7.22% <-IRR #YR-> 10 Stock Price
P/E 19.30 20.18 16.58 17.62 16.49 19.00 16.77 19.74 18.64 13.70 15.95 34.39 16.34 14.89 14.84 6.56% <-IRR #YR-> 5 Stock Price
Trailing P/E 18.14 20.73 19.54 16.82 19.90 20.63 20.02 17.63 17.37 23.56 15.33 16.75 34.30 16.34 14.89 11.39% <-IRR #YR-> 10 Price & Dividend
Median 10, 5 Yrs D.  per yr 4.16% 4.17% % Tot Ret 36.57% 38.89% Price Inc 5.15% P/E:  17.20 18.64 10.73% <-IRR #YR-> 5 Price & Dividend
-$22.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $45.39
-$33.04 $0.00 $0.00 $0.00 $0.00 $45.39
-$22.60 $0.90 $0.97 $1.03 $1.16 $1.31 $1.36 $1.41 $1.48 $1.66 $47.39
-$33.04 $1.36 $1.41 $1.48 $1.66 $47.39
Price H/L Median $18.72 $20.28 $20.27 $20.96 $22.10 $27.67 $30.90 $33.89 $33.02 $34.99 $43.04 $45.82 $45.58 125.99% <-Total Growth 10 Stock Price
Increase 9.41% 8.31% -0.02% 3.38% 5.44% 25.21% 11.68% 9.68% -2.57% 5.97% 23.01% 6.47% -0.53% 8.49% <-IRR #YR-> 10 Stock Price
P/E 17.17 18.10 15.36 16.63 14.54 16.77 15.68 19.25 20.13 12.41 15.88 34.71 16.45 8.20% <-IRR #YR-> 5 Stock Price
Trailing P/E 16.14 18.60 18.10 15.88 17.54 18.20 18.72 17.20 18.76 21.33 15.26 16.91 34.53 12.91% <-IRR #YR-> 10 Price & Dividend
P/E on Running 5 yr Aveage 17.33 18.91 17.35 17.61 17.51 20.13 20.01 20.76 19.33 17.78 19.74 22.35 20.24 12.53% <-IRR #YR-> 5 Price & Dividend
P/E on Running 10 yr Aveage 17.29 18.60 18.18 18.35 18.76 22.55 23.62 24.20 22.78 21.66 24.22 25.50 23.47 15.05 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 4.42% 4.33% % Tot Ret 34.20% 34.55% Price Inc 6.47% P/E:  16.26 19.25 Count 24 Years of data
-$20.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $45.82
-$30.90 $0.00 $0.00 $0.00 $0.00 $45.82
-$20.28 $0.90 $0.97 $1.03 $1.16 $1.31 $1.36 $1.41 $1.48 $1.66 $47.82
-$30.90 $1.36 $1.41 $1.48 $1.66 $47.82
High Months Dec Dec Jan Aug Dec Dec Oct Jul Apr Nov Aug Jul Feb
Price High $21.04 $22.87 $22.84 $23.56 $25.49 $36.53 $33.65 $35.32 $37.06 $39.40 $47.22 $49.56 $46.27 116.70% <-Total Growth 10 Stock Price
Increase 7.73% 8.70% -0.13% 3.15% 8.19% 43.31% -7.88% 4.96% 4.93% 6.31% 19.85% 4.96% -6.64% 8.04% <-IRR #YR-> 10 Stock Price
P/E 19.30 20.42 17.30 18.70 16.77 22.14 17.08 20.07 22.60 13.97 17.42 37.55 16.70 8.05% <-IRR #YR-> 5 Stock Price
Trailing P/E 18.14 20.98 20.39 17.85 20.23 24.03 20.39 17.93 21.06 24.02 16.74 18.29 35.05 16.96 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 4.96% P/E:  18.06 20.07 20.42 P/E Ratio Historical High
-$22.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $49.56
-$33.65 $0.00 $0.00 $0.00 $0.00 $49.56
Low Months Apr Jun Aug Oct Mar Jan Aug Jun Sep Jan Jan Jan Feb 
Price Low $16.40 $17.68 $17.70 $18.35 $18.70 $18.80 $28.14 $32.45 $28.97 $30.57 $38.85 $42.08 $44.88 138.01% <-Total Growth 10 Stock Price
Increase 11.64% 7.80% 0.11% 3.67% 1.91% 0.53% 49.68% 15.32% -10.72% 5.52% 27.09% 8.31% 6.65% 9.06% <-IRR #YR-> 10 Stock Price
P/E 15.05 15.79 13.41 14.56 12.30 11.39 14.28 18.44 17.66 10.84 14.34 31.88 16.20 8.38% <-IRR #YR-> 5 Stock Price
Trailing P/E 14.14 16.22 15.80 13.90 14.84 12.37 17.05 16.47 16.46 18.64 13.78 15.53 34.00 13.06 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 8.31% P/E:  14.31 17.66 10.71 P/E Ratio Historical Low
-$17.68 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $42.08
-$28.14 $0.00 $0.00 $0.00 $0.00 $42.08
Long Term Debt $3,309 $3,638 $3,692 $3,755 $4,009 $14,744 Debt
Change 9.94% 1.48% 1.70% 6.77% 267.77% Change
Debt/Market Cap Ratio 0.82 0.80 0.91 0.68 0.63 1.55 <----- 0.81 <-Median-> 6 Debt/Market Cap Ratio
Goodwill & Intangibles $193.50 $324.90 $355.80 $456.00 $6,213 Intangibles Goodwill
Change 67.91% 9.51% 28.16% 1262.50% Change
Intangible/Market Cap Ratio 0.04 0.08 0.06 0.07 0.65 0.07 <-Median-> 5 Intangible/Market Cap Ratio
Market Cap $2,317 $2,507 $2,440 $2,491 $2,832 $3,593 $4,058 $4,550 $4,062 $5,556 $6,364 $9,533 $9,508 $9,508 $9,508 280.24% <-Total Growth 10 Market Cap
Market Cap/Assets Ratio 0.58 0.62 0.58 0.47 0.54 0.57 0.59 0.60 0.46 0.56 0.53 0.33 0.33 0.33 0.33 0.55 <-Median-> 10 MC/Assets Ratio
Diluted # of Shares in Million 123.20 124.20 124.60 124.90 121.30 120.30 126.20 125.30 132.90 147.00 146.40 172.20 38.65% <-Total Growth 10 Diluted
Change -0.16% 0.81% 0.32% 0.24% -2.88% -0.82% 4.90% -0.71% 6.07% 10.61% -0.41% 17.62% 0.28% <-Median-> 10 Change
Average # of Shares in Million 109.50 110.50 111.20 111.90 112.50 113.70 121.00 124.90 132.60 143.20 145.80 171.40 55.11% <-Total Growth 10 Average
Change 0.83% 0.91% 0.63% 0.63% 0.54% 1.07% 6.42% 3.22% 6.16% 7.99% 1.82% 17.56% 2.52% <-Median-> 10 Change
Difference 0.5% 0.4% 0.2% 0.3% 0.4% 0.8% 1.5% 4.9% 0.2% 0.4% 1.0% 22.5% 0.62% <-Median-> 10 Difference
# of Share in M 110.10 110.93 111.47 112.21 112.98 114.62 122.83 130.98 132.89 143.78 147.21 210.02 210.02 210.02 210.02 6.59% <-IRR #YR-> 10 Shares
Increase 1.13% 0.75% 0.49% 0.66% 0.69% 1.45% 7.16% 6.64% 1.46% 8.19% 2.39% 42.67% 0.00% 0.00% 0.00% 11.32% <-IRR #YR-> 5 Shares
CF fr Op $Millon 164.3 345.8 351.4 237.2 302.8 416.4 399.5 397.6 564.2 762.5 674.2 1,053.0 1,285.3 1,394.5 1,564.6 204.51% <-Total Growth 10 Cash Flow
Change -45.95% 110.47% 1.62% -32.50% 27.66% 37.52% -4.06% -0.48% 41.90% 35.15% -11.58% 56.19% 22.06% 8.50% 12.20% SO, DRIP E PP, S. Issues
5 year Running Average $222.2 $262.3 $281.0 $280.5 $280.3 $330.7 $341.5 $350.7 $416.1 $508.0 $559.6 $690.3 $867.8 $1,033.9 $1,194.3 163.17% <-Total Growth 10 CF 5 Yr Running
CFPS $1.49 $3.12 $3.15 $2.11 $2.68 $3.63 $3.25 $3.04 $4.25 $5.30 $4.58 $5.01 $6.12 $6.64 $7.45 60.84% <-Total Growth 10 Cash Flow per Share
Increase -46.56% 108.89% 1.13% -32.94% 26.79% 35.55% -10.47% -6.67% 39.86% 24.91% -13.64% 9.48% 22.06% 8.50% 12.20% 11.78% <-IRR #YR-> 10 Cash Flow
5 year Running Average $2.07 $2.40 $2.55 $2.53 $2.51 $2.94 $2.97 $2.94 $3.37 $3.89 $4.08 $4.44 $5.05 $5.53 $5.96 21.39% <-IRR #YR-> 5 Cash Flow
P/CF on Med Price 12.54 6.50 6.43 9.91 8.24 7.62 9.50 11.16 7.78 6.60 9.40 9.14 7.45 0.00 0.00 4.87% <-IRR #YR-> 10 Cash Flow per Share
P/CF on Closing Price 14.10 7.25 6.94 10.50 9.35 8.63 10.16 11.44 7.20 7.29 9.44 9.05 7.40 6.82 6.08 9.04% <-IRR #YR-> 5 Cash Flow per Share
-14.89% Diff M/C 6.33% <-IRR #YR-> 10 CFPS 5 yr Running
Excl.Working Capital CF $112.9 -$19.3 $7.3 $80.3 $28.5 -$80.3 $40.3 $13.6 $13.6 -$35.2 $101.6 -$134.0 $0.0 $0.0 $0.0 8.38% <-IRR #YR-> 5 CFPS 5 yr Running
CF fr Op $M WC $277.2 $326.5 $358.7 $317.5 $331.3 $336.1 $439.8 $411.2 $577.8 $727.3 $775.8 $919.0 $1,285.3 $1,394.5 $1,564.6 181.47% <-Total Growth 10 Cash Flow less WC
Increase -6.48% 17.78% 9.86% -11.49% 4.35% 1.45% 30.85% -6.50% 40.52% 25.87% 6.67% 18.46% 39.86% 8.50% 12.20% 10.90% <-IRR #YR-> 10 Cash Flow less WC
5 year Running Average $261.2 $279.1 $299.7 $315.3 $322.2 $334.0 $356.7 $367.2 $419.2 $498.4 $586.4 $682.2 $857.0 $1,020.4 $1,187.9 15.88% <-IRR #YR-> 5 Cash Flow less WC
CFPS Excl. WC $2.52 $2.94 $3.22 $2.83 $2.93 $2.93 $3.58 $3.14 $4.35 $5.06 $5.27 $4.38 $6.12 $6.64 $7.45 9.35% <-IRR #YR-> 10 CF less WC 5 Yr Run
Increase -7.52% 16.90% 9.33% -12.07% 3.64% 0.00% 22.11% -12.32% 38.50% 16.34% 4.18% -16.97% 39.86% 8.50% 12.20% 13.85% <-IRR #YR-> 5 CF less WC 5 Yr Run
5 year Running Average $2.45 $2.55 $2.72 $2.85 $2.89 $2.97 $3.10 $3.08 $3.39 $3.81 $4.28 $4.44 $5.03 $5.49 $5.97 4.05% <-IRR #YR-> 10 CFPS - Less WC
P/CF on Med Price 7.44 6.89 6.30 7.41 7.53 9.43 8.63 10.79 7.59 6.92 8.17 10.47 4.09% <-IRR #YR-> 5 CFPS - Less WC
P/CF on Closing Price 8.36 7.68 6.80 7.85 8.55 10.69 9.23 11.07 7.03 7.64 8.20 10.37 7.40 6.82 6.08 5.68% <-IRR #YR-> 10 CFPS 5 yr Running
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 8.69 5 yr  9.14 P/CF Med 10 yr 7.88 5 yr  8.17 -6.12% Diff M/C 7.45% <-IRR #YR-> 5 CFPS 5 yr Running
-110.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 210.02 Shares
-122.83 0.00 0.00 0.00 0.00 210.02 Shares
-$345.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,053.0 Cash Flow
-$399.5 $0.0 $0.0 $0.0 $0.0 $1,053.0 Cash Flow
-$3.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.01 Cash Flow per Share
-$3.25 $0.00 $0.00 $0.00 $0.00 $5.01 Cash Flow per Share
-$2.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.44 CFPS 5 yr Running
-$2.97 $0.00 $0.00 $0.00 $0.00 $4.44 CFPS 5 yr Running
-$326.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $919.0 Cash Flow less WC
-$439.8 $0.0 $0.0 $0.0 $0.0 $919.0 Cash Flow less WC
-$279.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $682.2 CF less WC 5 Yr Run
-$356.7 $0.0 $0.0 $0.0 $0.0 $682.2 CF less WC 5 Yr Run
-$2.94 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.38 CFPS - Less WC
-$3.58 $0.00 $0.00 $0.00 $0.00 $4.38 CFPS - Less WC
-$2.55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.44 CFPS 5 yr Running
-$3.10 $0.00 $0.00 $0.00 $0.00 $4.44 CFPS 5 yr Running
Receivables, net -$109.3 $43.2 -$19.0 -$104.0
Income taxes receivable $26.1 -$2.9 -$21.6 -$23.0
Inventory -$26.9 -$41.8 -$2.1 $88.0
Prepaid expenses -$6.7 $0.9 $8.4 -$18.0
Due from related party -$3.5 $1.9
Other current assets -$4.1 -$0.8 -$1.6
Accounts payable $68.9 -$0.1 -$44.9 $162.0
Income taxes payable $29.4 $0.1 -$31.7 $14.0
Other current liabilities $9.0 $40.1 $9.0 $15.0
       
Sum -$13.6 $35.2 -$101.6 $134.0
Google $134.0
Difference $0.0
OPM 14.07% 29.66% 26.23% 17.81% 20.66% 26.80% 19.35% 19.31% 25.30% 25.66% 24.17% 24.62% -16.98% <-Total Growth 10 OPM
Increase -43.46% 110.83% -11.54% -32.11% 16.02% 29.71% -27.79% -0.20% 30.98% 1.42% -5.79% 1.86% Should increase  or be stable.
Diff from Median -42.3% 21.6% 7.5% -27.0% -15.3% 9.9% -20.7% -20.8% 3.7% 5.2% -0.9% 0.9% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 24.40% 5 Yrs 24.62% should be  zero, it is a   check on calculations
Current Assets $391.50 $502.10 $570.00 $661.80 $721.60 $782.50 $993.30 $931.00 $1,161.30 $1,458.60 $2,595.6 $2,511 Liquidity ratio of 1.5 and up, best
Current Liabilities $506.40 $501.80 $585.80 $880.10 $810.10 $690.30 $801.70 $999.00 $1,529.90 $1,146.60 $2,081.3 $3,724 0.95 <-Median-> 10 Ratio
Liquidity Ratio 0.77 1.00 0.97 0.75 0.89 1.13 1.24 0.93 0.76 1.27 1.25 0.67 0.93 <-Median-> 5 Ratio
Liq. with CF aft div 0.90 1.49 1.40 0.90 1.12 1.54 1.54 1.15 1.01 1.75 1.45 0.84 1.15 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  0.73 1.06 0.94 0.51 0.77 0.67 0.84 0.60 0.63 1.08 1.37 0.25 0.63 <-Median-> 5 Ratio
Curr Long Term Debt $328.30 $94.50 $274.0 $476
Liquidity Less CLTD 0.97 1.39 1.44 0.77 1.18 <-Median-> 4 Ratio
Liq. with CF aft div 1.28 1.91 1.67 0.97 1.48 <-Median-> 4 Ratio
Assets $3,996.2 $4,059.8 $4,172.7 $5,269.4 $5,293.2 $6,329.1 $6,923.6 $7,527.2 $8,876.8 $9,844.4 $12,012.3 $29,221 $29,221 $29,221 $29,221 Debt Ratio of 1.5 and up, best
Liabilities $2,369.2 $2,391.0 $2,812.3 $3,683.6 $3,752.8 $4,534.8 $5,099.9 $5,249.4 $5,979.6 $6,139.0 $7,678.2 $22,405 1.43 <-Median-> 10 Ratio
Debt Ratio 1.69 1.70 1.48 1.43 1.41 1.40 1.36 1.43 1.48 1.60 1.56 1.30 1.48 <-Median-> 5 Ratio
Total Equity $1,627 $1,669 $1,360 $1,586 $1,540 $1,794 $1,824 $2,278 $2,897 $3,705 $4,334 $6,816 308.44% <-Total Growth 10 Total Equity
NCI $260.8 $260.7 $0.6 $39.6 $34.5 $20.7 $224.5 $227 $289 $307 $134 $112 -57.04% <-Total Growth 10 Non-Control Int
Emera' Equity $1,366 $1,408 $1,360 $1,546 $1,506 $1,774 $1,599 $2,050 $2,608 $3,399 $4,200 $6,704 376.10% <-Total Growth 10 Book Value
Preferred Shares $0 $0 $0 $0 $0 $147 $147 $392 $514 $710 $710 $709
Book Value $1,366 $1,408 $1,360 $1,546 $1,506 $1,627 $1,453 $1,659 $2,094 $2,689 $3,491 $5,995 $5,995 $5,995 $5,995 325.75% <-Total Growth 10 Book Value
Book Value per Share $12.41 $12.69 $12.20 $13.78 $13.33 $14.19 $11.83 $12.66 $15.76 $18.70 $23.71 $28.54 $28.54 $28.54 $28.54 124.88% <-Total Growth 10 Book Value per Share
Change -1.16% 2.30% -3.90% 12.96% -3.27% 6.49% -16.69% 7.10% 24.43% 18.69% 26.77% 20.38% 0.00% 0.00% 0.00% -13.93% P/B Ratio Current/10 Year Median
P/B Ratio (Median) 1.51 1.60 1.66 1.52 1.66 1.95 2.61 2.68 2.10 1.87 1.81 1.61 1.51 P/B Ratio Historical Median
P/B Ratio (Close) 1.70 1.78 1.79 1.61 1.88 2.21 2.79 2.74 1.94 2.07 1.82 1.59 1.59 1.59 1.59 8.44% <-IRR #YR-> 10 Book Value per Share
Change 10.70% 5.00% 0.79% -10.22% 16.75% 17.43% 26.50% -1.82% -29.28% 6.49% -11.75% -12.78% -0.26% 0.00% 0.00% 19.27% <-IRR #YR-> 5 Book Value per Share
Leverage (A/BK) 2.93 2.88 3.07 3.41 3.51 3.89 4.77 4.54 4.24 3.66 3.44 4.87 3.78 <-Median-> 10 A/BV
Debt/Equity Ratio 1.73 1.70 2.07 2.38 2.49 2.79 3.51 3.16 2.86 2.28 2.20 3.74 2.64 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.84 5 yr Med 1.87 -13.93% Diff M/C 3.04 Historical 22 A/BV
-$12.69 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $28.54
-$11.83 $0.00 $0.00 $0.00 $0.00 $28.54
Comprehensive Income $58.20 $216.20 $151.90 $141.50 $609.40 $542.8 $964.5 $236 Comprehensive Income
NCI $11.70 $12.20 $26.80 $31.6 $52.8 $8 NCI
Preferred $0.00 $3.10 $6.60 $11.10 $19.80 $26.2 $30.3 Preferred
Shareholders $123.80 $47.80 $283.90 $58.20 $213.10 $133.60 $118.20 $562.80 $485.0 $881.4 $228 84.17% <-Total Growth 10 Comprehensive Income
Increase -61.39% 493.93% -79.50% 266.15% -37.31% -11.53% 376.14% -13.82% 81.73% -74.13% -11.53% <-Median-> 5 Comprehensive Income
5 Yr Running Average $145.36 $147.32 $161.40 $217.18 $302.54 $436.20 $455.08 6.30% <-IRR #YR-> 10 Comprehensive Income 84.17%
ROE 8.8% 3.5% 18.4% 3.9% 13.1% 9.2% 7.1% 26.9% 18.0% 25.3% 3.8% 11.28% <-IRR #YR-> 5 Comprehensive Income 70.66%
5Yr Median 8.79% 9.20% 9.20% 9.20% 13.10% 18.03% 18.03% 20.95% <-IRR #YR-> 6 5 Yr Running Average #DIV/0!
% Difference from NI -1.6% -68.4% 96.2% -66.9% 11.5% -44.6% -46.5% 158.8% 19.3% 121.9% 0.4% 25.30% <-IRR #YR-> 5 5 Yr Running Average 208.91%
Median Values Diff 5, 10 yr 6.0% 19.3% 18.0% <-Median-> 5 Return on Equity
-$124 $0 $0 $0 $0 $0 $0 $0 $0 $0 $228
-$134 $0 $0 $0 $0 $228
-$145 $0 $0 $0 $0 $0 $455
-$147 $0 $0 $0 $0 $455
Current Liability Coverage Ratio 0.55 0.65 0.61 0.36 0.41 0.49 0.55 0.41 0.38 0.63 0.37 0.25   CFO / Current Liabilities
5 year Median 0.47 0.55 0.61 0.61 0.55 0.49 0.49 0.41 0.41 0.49 0.41 0.38 41.0% <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 6.94% 8.04% 8.60% 6.03% 6.26% 5.31% 6.35% 5.46% 6.51% 7.39% 6.46% 3.14% CFO / Total Assets
5 year Median 6.55% 6.94% 7.52% 7.52% 6.94% 6.26% 6.26% 6.03% 6.26% 6.35% 6.46% 6.46% 6.3% <-Median-> 10 Return on Assets 
Return on Assets ROA 3.4% 3.1% 3.6% 2.7% 3.3% 3.0% 3.5% 2.9% 2.5% 4.1% 3.3% 0.8% Net  Income/Assets Return on Assets
5Yr Median 3.4% 3.4% 3.6% 3.4% 3.3% 3.1% 3.3% 3.0% 3.0% 3.0% 3.3% 2.9% 3.2% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 9.9% 8.9% 11.1% 9.4% 11.7% 11.7% 16.6% 13.3% 10.4% 15.1% 11.4% 3.8% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 9.9% 9.9% 10.5% 9.9% 9.9% 11.1% 11.7% 11.7% 11.7% 13.3% 13.3% 11.4% 11.5% <-Median-> 10 Return on Equity
Net Income $176.40 $191.90 $259.40 $245.60 $255.30 $452.8 $452.4 $266
NCI $0.70 -$2.30 $11.70 $13.70 $18.50 $19.9 $24.9 $11
Preferred $0.00 $3.10 $6.60 $11.10 $19.30 $26.2 $30.3 $28
Shareholders $135.40 $125.80 $151.30 $144.70 $175.70 $191.10 $241.10 $220.80 $217.50 $406.7 $397.2 $227 $531 $599 $659 80.45% <-Total Growth 10 Net Income
Increase -5.45% -7.09% 20.27% -4.36% 21.42% 8.76% 26.16% -8.42% -1.49% 86.99% -2.34% -42.85% 133.92% 12.81% 10.02% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $125.9 $128.2 $139.6 $140.1 $146.6 $157.7 $180.8 $194.7 $209.2 $255.4 $296.7 $293.8 $355.9 $432.2 $482.6 6.08% <-IRR #YR-> 10 Net Income
Operating Cash Flow $164.30 $345.80 $351.40 $237.20 $302.80 $416.40 $399.50 $397.60 $564.20 $762.50 $674.20 $1,053 -1.20% <-IRR #YR-> 5 Net Income
Investment Cash Flow -$117.20 -$203.00 -$288.90 -$671.60 -$367.20 -$894.80 -$660.80 -$919.40 -$921.60 -$710.90 -$123.70 -$9,105 8.65% <-IRR #YR-> 10 5 Yr Running Ave.
Total Accruals $88.30 -$17.00 $88.80 $579.10 $240.10 $669.50 $502.40 $742.60 $574.90 $355.10 -$153.30 $8,279 10.20% <-IRR #YR-> 5 5 Yr Running Ave.
Total Assets $3,996.2 $4,059.8 $4,172.7 $5,269.4 $5,293.2 $6,329.1 $6,923.6 $7,527.2 $8,876.8 $9,844.4 $12,012.3 $29,221 Balance Sheet Assets
Accruals Ratio 2.21% -0.42% 2.13% 10.99% 4.54% 10.58% 7.26% 9.87% 6.48% 3.61% -1.28% 28.33% 6.48% <-Median-> 5 Ratio
EPS/CF Ratio 0.43 0.38 0.41 0.45 0.52 0.56 0.55 0.56 0.38 0.56 0.51 0.30 0.52 <-Median-> 10 EPS/CF Ratio
-$126 $0 $0 $0 $0 $0 $0 $0 $0 $0 $227
-$241 $0 $0 $0 $0 $227
-$128 $0 $0 $0 $0 $0 $0 $0 $0 $0 $294
-$181 $0 $0 $0 $0 $294
Change in Close 9.41% 7.41% -3.14% 1.42% 12.93% 25.05% 5.39% 5.15% -12.00% 26.40% 11.88% 5.00% -0.26% 0.00% 0.00% Count 22 Years of data
up/down down down down down down down Count 7 31.82%
Meet Prediction? yes % right Count 2 28.57%
Financial Cash Flow $68.3 $156.7 -$55.6 $420.2 $77.9 $446.2 $331.4 $525.0 $362.1 $58.2 $221.1 $7,448 C F Statement  Financial CF
Total Accruals $20.00 -$173.70 $144.40 $158.90 $162.20 $223.30 $171.00 $217.60 $212.80 $296.90 -$374.40 $831 Accruals
Accruals Ratio 0.50% -4.28% 3.46% 3.02% 3.06% 3.53% 2.47% 2.89% 2.40% 3.02% -3.12% 2.84% 2.84% <-Median-> 5 Ratio
Cash $21.50 $7.60 $26.40 $12.20 $21.80 $9.40 $76.90 $77.50 $100.80 $221.10 $1,073.40 $404 Cash
Cash per Share $0.20 $0.07 $0.24 $0.11 $0.19 $0.08 $0.63 $0.59 $0.76 $1.54 $7.29 $2 $1.54 <-Median-> 5 Cash per Share
Percentage of Stock Price 0.93% 0.30% 1.08% 0.49% 0.77% 0.26% 1.89% 1.70% 2.48% 3.98% 16.87% 4.24% 3.98% <-Median-> 5 % of Stock Price
Notes:
February 14, 2017.  Last estimates were for 2016, 2017 and 2018 of $5411M, $7103M and $5275M for revenue, $2.62 and $3.23 for AFFO for 2016 and 2017, $2.42, $2.80 and $3.10 for EPS, 
$5.89 and $8.08 for CFPS for 2016 and 2017 and $393M and $561M for Net Income for 2016 and 2017.
February 12, 2016.  Last estimaes were for 2015 and 2016 of $2960M and $3123M for Revenue, $2.27 and $2.29 for AFFO, $2.11, $2.20 and $2.40 for EPS fore 2015, 2016 and 2017, $4.18 and $4.35 for CFPS.
Sept 2015.  Emera issues Debentures EMA.IR to pay for the purchase of TECO Energy Inc.  A Florida and New Mexico regulated electric and gas utility holding company.
http://www.marketwired.com/press-release/emera-inc-announces-19-billion-bought-deal-offering-convertible-debentures-represented-tsx-ema-2053243.htm
February 11, 2015. Last estimates were for 2014 and 2015 of $2449M and $2581.7M for Revenue, $2.00 and $1.16 for AFFO, $1.86 and $1.99 for EPS, 
$4.08 and $4.29 for CFPS, $261M and $282M for Net Income.
February 12, 2014.  Last estimates were for 2013 and 2014 of $2078M and $2218M for Revenue, $1.97 and $1.96 for AFFO, $1.77 and $1.90 for EPS and $3.65 (2013) for CFPS.
March 2013.  Good Utility.  Debt Ratios a bit off.
Feb 24, 2013.  Last estimates were fore 2012 and 2013 and were $2538M and $2722M for revenue, $1.67 and $1.80 for EPS and $3.55 and $3.65 for CFPS.
Mar 17, 2012.  Last I looked I got estimates for 2011 and 2012 of $4600 and $1634 for revenue, $1.79 and $1.88 for EPS and $3.11 and $3.38 for CF.
LOOK AT COMMENTS ON EMERA DATED DECEMBER 31, 2011.  TALK ABOUT.  COST OF WIND MILL PRODUCED ELELECTRICY WHICH NS POWER HAS TO PRODUCE.
June 6, 2011.  when I last looked I got 2010 and 2011 earnings of $1.55 amd $1.58 and Cash Flow of $3.13 and $3.17
Mar 9, 2010.  In Aug 2009, I picked up for 2009 and 2010 earnings of $1.43 and $1.45 and cash flow of $3.05 and $3.08.
What you look for in a utilities stock is that you get a total return of about 8% per year, 4% in dividends and 4% in Capital Gains.  My return since Jul 2005 is 10.5%.  Very good.
Aug 17,2009.  In April 2009, I picked up earnings for 2009 and 2010 of $1.39 and $1.45.  Earnings for 2009 has increased slightly to $1.43
April 30, 2009 AR 2008.  In Sep 2008, I picked up an earnings estiamte of $1.35, but it came in at $1.29, Diluted $1.26.  This company is expected to do well over the next couple of years.
The Book Value is not increasing by much, but then this company pays a high dividend.  When taken into consideration the dividend, the full return on this stock is fine.  
None of the values are increasing by much.  I good return on this sort of stock is 8%, including dividends.
AP 2007.  It seems solid, but slow. Recommend keeping  for now, but not buying more.  Dividends have finally started to increase, But revenue is not growing over last 5 yrs.
AR 2006.  Revenus and EPS growth suck.  However, dividend yield is high as is ROE and OPM. For last 5 years, Price plus dividend growth is IRR of 10% which is good.
In April 2007, re Mike, yield is below historical high and average, which means the price is high, therefore price will probably come down.
AR 2005.  I have lost so far 25% on this stock, but only invested some 4,000, so not too bad.  I guess I invested at wrong time in Jan.  Apparently I bought it at the top. TD recommends as a hold since May 2005???
AR 2005  I am also annoyed at this stock as the annual report was hard to find and they seem to have restate values, especially revenues without saying so.
AR 2004.  The dividend is good, and it increases slightly each year.  However, I do not know if that is a good enough reason to buy this sock.  
Half the money made on this stock is from dividends.  Low risk stock.  10 to 11 IRR not bad. AR 2004
Emera was created out of the privatization of the provincial Crown corporation Nova Scotia Power Incorporated (NSPI).
Common shares in NS Power Holdings Inc. began trading on the Toronto Stock Exchange and Montreal Stock Exchange on January 6, 1999. 
The NS Power Holdings Inc. name was changed to Emera Incorporated on July 17, 2000.
Sector:
Power, Utilities (Regulated)
What should this stock accomplish?
Would I buy this company and Why.
Dividends
Dividend are paid quarterly in cycle 2, that is February, May, August and November.  They are paid near the middle of the month.  Dividend are paid to shareholders of record of the first of the month or last of previous month for the current month.
For example, the dividend payable on August 15, 2013 was for shareholders of record for July 31, 2013.  However, the dividend payabale on May 15, 2013 was for shareholders of record of May 1, 2013.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
Emera says they are working to create cleaner energy and deliver it to market. Our success comes from integrating our diverse investments to get solid results for shareholders, partners and customers. 
They also say they maintain high standards in safety, reliability, customer service and environmental care.
Why am I following this stock. 
I found this company in Mike Higg’s site. Mike’s site has a spreadsheet showing Dividend Paying Canadian Growth stocks.  
Why I bought this stock.
In 2005, I wanted to buy something for my Locked in RRSP.  I think that this was an appropriate stock and has good value. I was using up excess cash in my account.
How they make their money
Emera Inc. is geographically diverse energy and services company headquartered in Halifax, Nova Scotia.
The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services.
Emera has investments throughout northeastern North America, and in four Caribbean countries.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date Mar 17 2012 Feb 24 2013 Feb 12 2014 Feb 12 2015 Feb 14 2016 Feb 18 2017
Huskilson, Christopher 0.015 0.01% 0.026 0.02% 0.026 0.02% 0.026 0.01% 0.082 0.04%
CEO - Shares - Amount $0.459 $0.986 $1.103 $1.159 $3.692
Options - percentage 1.208 0.91% 1.202 0.84% 1.492 1.01% 1.782 0.85% 1.756 0.84%
Options - amount $36.944 $46.464 $64.486 $80.882 $79.509
Blunden, Greg 0.001 0.00%
CFO - Shares - Amount $0.054
Options - percentage 0.074 0.04%
Options - amount $3.335
Balfour, Scott Carlyle 0.009 0.01% 0.019 0.01% 0.019 0.01% 0.020 0.01% 0.033 0.02% Used to be CFO, now COO
COO - Shares - Amount $0.260 $0.725 $0.839 $0.895 $1.481
Options - percentage 0.189 0.14% 0.179 0.12% 0.179 0.12% 0.244 0.12% 0.332 0.16%
Options - amount $5.792 $6.935 $7.759 $11.058 $15.023
Bennett, Robert Ross 0.001 0.00% 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.005 0.00%
Officer - Shares - Amount $0.037 $0.062 $0.081 $0.097 $0.215
Options - percentage 0.142 0.11% 0.144 0.10% 0.156 0.11% 0.214 0.10% 0.146 0.07%
Options - amount $4.352 $5.548 $6.755 $9.734 $6.621
Chrominska, Sylvia 0.002 0.00% 0.003 0.00%
Director - Shares - Amount $0.082 $0.114
Options - percentage 0.017 0.01% 0.022 0.01%
Options - amount $0.794 $0.995
Armour, Wesley Gordon 0.004 0.00% 0.004 0.00% 0.004 0.00%
Director - Shares - Amount $0.120 $0.152 $0.170
Options - percentage 0.025 0.02% 0.028 0.02% 0.033 0.02%
Options - amount $0.752 $1.100 $1.419
Sheppard, Mary Jacqueline 0.000 0.00% 0.000 0.00% 0.012 0.01%
Chairman - Shares - Amt $0.000 $0.000 $0.541
Options - percentage 0.028 0.02% 0.035 0.02% 0.044 0.02%
Options - amount $1.206 $1.608 $1.972
Increase in O/S Shares 0.690 0.56% 0.060 0.05% 0.060 0.05% 0.260 0.18% 0.080 0.05% 0.620 0.30%
due to SO  $22.798 $2.08 $1.834 $10.046 $3.458 $28.142
Book Value $15.001 $22.000 $2.200 $7.000 $2.300 $17.000
Insider Buying $0.000 -$0.106 -$0.132 -$1.005
Insider Selling $6.147 $6.041 $0.199 $26.168
Net Insider Selling $6.147 $5.934 $0.067 $25.163
% of Market Cap 0.11% 0.09% 0.00% 0.26%
Directors 11 11 12 12 12
Women 4 36% 4 36% 4 33% 4 33% 4 33%
Minorities 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 78 27.00% 59 20.08% 57 20.24% 7 9.54% 10 19.88% 10 22.08% msn money says
Total Shares Held 32.720 24.98% 26.303 19.79% 28.662 19.93% 0.954 0.66% 0.768 0.37% 0.853 0.41% 23.78% Institutional
Increase/Decrease 0.882 2.77% -0.160 -0.60% 2.824 10.93% -0.438 -31.47% -0.098 -11.31% -0.011 -1.32% ownership 2016
Starting No. of Shares 31.838 26.463 25.838 1.392 Rueters 0.866 Rueters 0.865 Rueters
Institutions/Holdings 2 0.20% 1 19.00% 4 38.00%
Total Shares Held 0.290 0.20% 0.278 0.13% 0.800 0.38%
Increase/Decrease 0.004 1.53% -0.098 -26.09% 0.531 197.58%
Starting No. of Shares 0.285 NASDAQ 0.377 NASDAQ 0.269 NASDAQ
Institutions/Holdings 179
Total Shares Held 61.000 29.04%
Increase/Decrease 5.000 8.93%
Starting No. of Shares 56.000 Morningstar
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