Rankings Commodities & uranium Uranium Energy
Uranium Energy
57
15070100
A view of the same findings, not a new score. How it works
A good business with a real question mark: the price, a crack, or both.
Biggest deductions
- Multiples vs history and absolute level−18
- Margin−8
- Quality of growth−5
Strengths
- Net cash+3
- Cost development+2
How the score is built
From 100 to 57, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 7.51 USD
- Median analyst target
- 15.00 USD
- Upside to median
- +99.7%
- Analysts
- 11
- Target range
- 10.00 – 26.75 USD
- 52-week change
- −50%
- P/E (trailing)
- n/a
- Forward P/E
- n/a
- PEG
- n/a
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 3 findings−18 of −30
- −8MarginRevenue USD 37.3m in FY2026 vs an operating result of -133m and a net result of -USD 137m; operating cash flow -98.6m and FCF -USD 107m. ROIC -7.1% vs a WACC of 11.9%. The loss is counted only here.
- −5Quality of growthRevenue fell 44% in FY2026, and the sales of 400,000 lbs came from inventory, while own production was only 229,294 lbs, vs a licensed capacity of about 12m lbs a year. Q3 was hit by delayed permits for new header houses.
- −5Capital allocationShare issuances of USD 530m in FY2026 (share count +13% to 495.6m), after 288m in FY2025 and 177m in FY2024; the money has gone to acquisitions (Sweetwater, Roughrider), physical uranium and a new conversion project (UR&C), while production is still small. Dilution has been 8–33% a year since 2022.
Price
Today's multiples against the company's own history and its peers. · 1 finding−18 of −35
- −18Multiples vs history and absolute levelEV/Sales 109 and forward P/S 92 vs 8-57 in FY2022-25 (FY2024 without revenue); P/B 3.3 is in the upper half of its own history (2.2-3.9). EV of USD 4.06bn is paid for production of about 0.33m lbs a year (Q4 pace), and liquid assets (USD 753m incl. uranium and shares) cover only about 17% of market cap.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 4 findings−10 of −35
- −3No order bookAt 31/7-2026 the company had no purchase or sales agreements; all sales are at spot price. That gave a high realised price (93.13 USD/lb), but earnings follow the spot price directly, and it has fallen from approx. 101.55 USD to approx. 90 USD.
- −3PermitsThe permits for the Goliad project in Texas (Class III injection wells and production area) are contested and await final decision, and delayed approvals of header houses lowered production and lifted cost per lb in Q3.
- −2New capital-intensive projectThe UR&C conversion and refining project (Fluor, 63 people) has as yet no capacity or plant budget; a Class IV estimate is not expected until mid-2027, so the capital requirement is unknown.
- −2Short interest60.0m shares are sold short (12.1% of shares, 7 days to cover); the price is −34% over a year and below the 50- and 200-day averages.
Plus
Only documented strengths. · 2 findings+5 of +15
- +3Net cashCash USD 495m and virtually no debt (2.95m), plus 1,256,000 lbs of physical uranium (about USD 109m); USD 753m in liquid assets in total.
- +2Cost developmentQ4 production rose 157% to 82,744 lbs, and Total Cost per Pound fell 33% to 36.54 USD (cash cost 30.01 USD) vs a realised price of 93.13 USD; Burke Hollow delivered its first full quarter.
Caveats
What the score does not capture, or where the data is weak.
Fiscal year ends 31/7; the figures are for FY2026 (report 29/9/2026). The company has no proven reserves under SEC rules, so a large part of production costs is expensed: stockanalysis shows gross profit of USD −68.5m, while the company itself reports gross profit on the sale of 400,000 lbs from inventory at USD +16.9m. 'Total Cost per Pound' (USD 39.94) is the company's own non-GAAP measure excluding depreciation. No analyst NAV has been found, so P/NAV and EV per lb of resource vs peers have not been calculated. Insider trades in 2026 (Form 4) and management compensation have not been examined. The stakes in Uranium Royalty Corp (7.6%) and Anfield (32.6%) have not been valued separately.
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