Emera Inc Preferred Stock Price To Earnings To Growth
| EMA-PH Preferred Stock | CAD 23.50 0.25 1.08% |
Emera Inc fundamentals help investors to digest information that contributes to Emera's financial success or failures. It also enables traders to predict the movement of Emera Preferred Stock. The fundamental analysis module provides a way to measure Emera's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Emera preferred stock.
Emera |
Emera Inc Company Price To Earnings To Growth Analysis
Emera's PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
Generally speaking, PEG ratio is a 'quick and dirty' way to measure how the current price of a firm's stock relates to its earnings and growth rate. The main benefit of using PEG ratio is that investors can compare the relative valuations of companies within different industries without analyzing their P/E ratios.
| Competition |
Based on the latest financial disclosure, Emera Inc has a Price To Earnings To Growth of 0.0 times. This is 100.0% lower than that of the Electric Utilities sector and about the same as Utilities (which currently averages 0.0) industry. The price to earnings to growth for all Canada preferred stocks is 100.0% higher than that of the company.
Emera Price To Earnings To Growth Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Emera's direct or indirect competition against its Price To Earnings To Growth to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Emera could also be used in its relative valuation, which is a method of valuing Emera by comparing valuation metrics of similar companies.Emera is currently under evaluation in price to earnings to growth category among its peers.
Emera Fundamentals
| Return On Equity | 0.066 | ||||
| Return On Asset | 0.023 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 27.36 B | ||||
| Shares Outstanding | 233 M | ||||
| Shares Owned By Institutions | 11.91 % | ||||
| Number Of Shares Shorted | 338.88 K | ||||
| Price To Earning | 7.42 X | ||||
| Price To Sales | 1.71 X | ||||
| Revenue | 6.53 B | ||||
| Gross Profit | 3.03 B | ||||
| EBITDA | 1.75 B | ||||
| Net Income | 1.04 B | ||||
| Cash And Equivalents | 285 M | ||||
| Cash Per Share | 1.16 X | ||||
| Total Debt | 19.86 B | ||||
| Debt To Equity | 1.69 % | ||||
| Current Ratio | 0.57 X | ||||
| Book Value Per Share | 38.59 X | ||||
| Cash Flow From Operations | 2.24 B | ||||
| Short Ratio | 43.02 X | ||||
| Earnings Per Share | 2.30 X | ||||
| Number Of Employees | 7.37 K | ||||
| Beta | 0.35 | ||||
| Market Capitalization | 12.53 B | ||||
| Total Asset | 39.48 B | ||||
| Retained Earnings | 1.8 B | ||||
| Working Capital | (836 M) | ||||
| Annual Yield | 0.07 % | ||||
| Net Asset | 39.48 B | ||||
| Last Dividend Paid | 2.84 |
About Emera Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Emera Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Emera using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Emera Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Emera
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Emera position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Emera will appreciate offsetting losses from the drop in the long position's value.Moving against Emera Preferred Stock
The ability to find closely correlated positions to Emera could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Emera when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Emera - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Emera Inc to buy it.
The correlation of Emera is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Emera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emera Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Emera can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Emera Preferred Stock
Emera financial ratios help investors to determine whether Emera Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Emera with respect to the benefits of owning Emera security.