CCJ

Cameco Corporation

Fundamental data last updated:September 25, 2026

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company profile

SECTOR

Energy

industry

Uranium

Exchange

NYSE

County of HQ

CA

Next Earnings Date

Pending Announcement

Business Summary

Cameco Corporation is a prominent global enterprise specializing in the production and distribution of uranium. Its operations are structured into two core divisions: Uranium and Fuel Services. The Uranium division manages the full upstream process, encompassing the exploration, extraction, and initial processing (milling) of uranium ore, as well as the procurement and sale of uranium concentrate. Conversely, the Fuel Services division focuses on the downstream transformation of uranium. This includes the refining, conversion, and fabrication of uranium concentrate into usable forms, alongside providing related conversion services. Furthermore, this segment is responsible for manufacturing specialized fuel bundles and reactor components specifically designed for CANDU reactors. Cameco provides its essential uranium products and associated fuel services to nuclear utility clients across major international markets, including the Americas, Europe, and Asia. The company was founded in 1987 and maintains its principal office in Saskatoon, Canada.

 


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VALUATION

P/E

65.27

Market Cap ($M USD)

$42.46B

Forward P/E

20.18

PEG

0.09

PRICE TO SALES

17.05

PRICE TO BOOK

8.54

EV / EBITDA

63.58

5-Year Average P/E

Free Cash Flow Yield

1.44%

DCF Value

$35.77

Graham Number

$23.35

Price to FCF

69.33

EV to FCF

69.24

Earnings Yield

1.08%

FCF Yield

1.44%

DIVIDEND

Yield

0.17%

Annual Payout

$0.24

Payout Ratio

16.06%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.49

Next Year EPS Growth Estimate

$4.83

Next Year Revenue Growth Estimate

$4.98B

Return on Equity (ROE)

9.47%

FREE CASH FLOW

Operating Margin

16.30%

Debt-to-Equity

0.15

Piotroski F-Score

8

Altman Z-Score

17.98

Return on Invested Capital (ROIC)

6.15%

Current Ratio

3.08

Quick Ratio

2.09

Net Debt to EBITDA

-0.08

Interest Coverage

9.57

Gross Profit margin

31.95%

FCF PER SHARE

$2.00

REVENUE PER SHARE

$8.12

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Gainseekers Quantitative Analysis

Summary

Cameco Corporation’s valuation is a paradox of extremes. Despite a sky-high Price/Earnings ratio, the stock’s Forward P/E suggests a more reasonable outlook, hinting at anticipated earnings growth. However, the market price has been significantly extended above its DCF Value and Graham Number, indicating potential overvaluation. Yet, with an impressive Altman Z-score, the company appears financially robust, signaling low bankruptcy risk. The earnings yield, though modest, is overshadowed by the company’s growth prospects, suggesting that the market is pricing in a future turnaround.

AI Exposure / Tech Reliance

Operating in the uranium sector, Cameco is uniquely positioned to leverage AI and modern tech for operational efficiencies. As the energy industry evolves, the company can utilize AI for predictive maintenance and supply chain optimization. This adaptability could enhance its competitive edge in a rapidly changing market landscape.

The Bull Case

For the discerning GARP investor, Cameco offers compelling strengths. The robust Piotroski F-Score of 8 indicates solid financial health, while a low Debt/Equity ratio underscores prudent management. With a respectable ROIC and a healthy operating margin, the company demonstrates efficient capital use and pricing power. These metrics suggest a business capable of generating sustainable returns, making it an attractive buy for those seeking growth at a reasonable price.

The Bear Case

Despite its strengths, Cameco's valuation metrics raise red flags. The Price/Sales and Price/Book ratios are alarmingly high, suggesting the stock may be overvalued relative to its peers. Additionally, the stock's proximity to its 52-week high indicates potential technical overextension. The low FCF Yield further highlights concerns about cash flow generation, casting doubt on its ability to deliver consistent shareholder returns.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$137.25

Institutional Ownership %

1-Year Beta

1.00

Insider Buying % (6 Mo)

Distance to 52-Week High

38.71%

Distance to 52-Week Low

29.27%

EARNINGS SURPRISE %

17.24%

50-DAY SMA

$110.41

200-DAY SMA

$104.08

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.