We are maintaining our CAD 50 fair value estimate for narrow-moat Emera after the company reported first-quarter operating earnings per share of CAD 0.76 compared with CAD 0.99 in the year-ago quarter.
The move toward regulated operations drives rate base and earnings growth certainty.
The company's aggressive investment plan increases regulatory risk, particularly in Nova Scotia.
|
Metric
|
EMA
|
DUK
|
NEE
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.41 | 17.46 | 23.41 |
Price/Book Value | 1.31 | 1.67 | 3.21 |
Price/Sales | 1.96 | 2.69 | 5.73 |
Price/Cash Flow | 6.05 | 7.90 | 11.64 |
|
Metric
|
EMA
|
DUK
|
NEE
|
|---|---|---|---|
Quick Ratio | 0.31 | 0.28 | 0.31 |
Current Ratio | 0.72 | 0.78 | 0.55 |
Interest Coverage | 1.81 | 2.59 | 3.19 |
|
Metric
|
EMA
|
DUK
|
NEE
|
|---|---|---|---|
Return on Assets (Normalized) | 1.07% | 2.50% | 3.73% |
Return on Equity (Normalized) | 4.05% | 9.51% | 13.95% |
Return on Invested Capital (Normalized) | 3.86% | 5.56% | 6.63% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
NEE
| NextEra Energy Inc | Hxzxdczlbz | Krxpxp | $156.3 Bil | |
SO
| Southern Co | Kdkflpfy | Dqvngs | $87.0 Bil | |
DUK
| Duke Energy Corp | Dkmwbvql | Gdxmf | $79.4 Bil | |
NGG
| National Grid PLC ADR | Wwqsnght | Hcdq | $53.6 Bil | |
AEP
| American Electric Power Co Inc | Vykknwsl | Tnvgq | $48.8 Bil | |
PCG
| PG&E Corp | Pnqflscy | Fslb | $48.6 Bil | |
D
| Dominion Energy Inc | Qdtkfwjpl | Ghbwnw | $44.8 Bil | |
EXC
| Exelon Corp | Fnwbtrwb | Rqpnmb | $38.6 Bil | |
PEG
| Public Service Enterprise Group Inc | Plyndghb | Qfsch | $37.1 Bil | |
ED
| Consolidated Edison Inc | Twxkxwc | Jrwb | $33.6 Bil |
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