One-glance verdict
Within fair range
$4.99 our estimate vs market $7.44
Wall Street consensus: $16.03 (221.3% higher than our fair-value estimate)
49% above our estimate
Fundamentals snapshot
Uranium Energy Corp.
UEC · ASE · Energy · Uranium
Current price
$7.44
52-week range
$6.75 - $20.34
Market cap
$3.69B
Balance sheet
Healthy
-64.30x Concerning
Net cash $492.51M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
2 Risks
1 rewards · 2 risks
- Reward Free cash flow was positive in 1/10 years.
- Risk Operating margin compressed from 5.5% to -228.6% over 3 years.
- Risk Return on equity was -11.6% last year — the company lost money on shareholders' equity.
What this company does
Uranium Energy Corp.
Uranium Energy Corp. mines and processes uranium, a metal used to create nuclear energy, and titanium, which is used in various industries. The money they make primarily comes from selling these mined materials, and this matters because uranium prices can fluctuate significantly based on global demand for nuclear power.
What it actually does
Uranium Energy Corp. is a company that mines and explores for uranium, which is a key ingredient in nuclear energy. They are involved in all stages of the process, from finding uranium deposits (exploration) to digging it up (extraction) and preparing it for use (processing). The uranium they produce serves as fuel for nuclear power plants, which generate electricity without producing greenhouse gas emissions. UEC focuses on using a mining technique called In-Situ Recovery (ISR), which is considered a more cost-effective and environmentally friendly method compared to traditional mining.
Uranium Mining and Extraction
This is the core business of Uranium Energy Corp. The company actively explores for uranium deposits, primarily in the United States (Texas, Wyoming, New Mexico, Colorado, Arizona) and Canada (Saskatchewan). Once a deposit is identified, UEC uses a method called In-Situ Recovery (ISR). ISR involves circulating water through the uranium ore body underground to dissolve the uranium, which is then pumped to the surface for processing. This approach is a significant part of UEC's strategy, as it's designed to be low-cost and have a reduced environmental impact compared to conventional mining methods. The company has two main ISR "hub-and-spoke" platforms in Wyoming and South Texas, which are designed to produce uranium concentrate.
Hobson Processing Facility
The Hobson Processing Facility in Texas is a key asset for Uranium Energy Corp. This facility is licensed and permitted, meaning it has the government's approval to operate. It's currently on standby but has the capacity to produce 2 million pounds of uranium concentrate per year, with plans to increase this to 4 million pounds. UEC intends to restart this plant once uranium prices make it economically viable to do so, using uranium extracted from its nearby Palangana and Burke Hollow projects. This facility is crucial for processing the uranium ore that is extracted using the ISR method.
Physical Uranium Program
Uranium Energy Corp. has a strategic Physical Uranium Program. This involves acquiring and holding physical uranium as inventory. Think of it like a company stocking up on a valuable commodity. This strategy serves as a financial safeguard, helping to protect the company's financial standing as uranium prices fluctuate. By holding this uranium inventory, UEC can also use it to meet future demand from utility companies, potentially speeding up its own cash flow generation. This program also allows UEC to prioritize its own production from Texas and Wyoming for domestic needs, which can sometimes command higher prices due to a focus on U.S.-sourced fuel.
What management is betting on now
Uranium Energy Corp.'s management is focused on capitalizing on the growing global demand for nuclear energy, which is seen as a clean and reliable power source. They are investing in expanding their low-cost In-Situ Recovery (ISR) mining operations in the United States, aiming to become a leading domestic supplier of uranium. A key part of their strategy is to strengthen the U.S. nuclear fuel supply chain by developing domestic refining and conversion capabilities through a subsidiary. Management believes that geopolitical shifts and trade barriers are making a secure, domestic supply of nuclear fuel increasingly essential for national security and energy independence.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q1
$-12.67M
FY2025 Q2
$-10.02M
FY2025 Q3
$-22.82M
FY2025 Q4
$-24.43M
FY2026 Q1
$-35.44M
FY2026 Q2
$-39.06M
FY2026 Q3
$-21.25M
FY2026 Q4
$-11.59M
Revenue
$17.05M
Net income
$-60.69M
Diluted EPS
-0.12
Operating cash flow
$-8.50M
Free cash flow
$-11.59M
Fetching…
Sources
Revenue
$0.00
Net income
$-52.34M
Diluted EPS
-0.11
Operating cash flow
$-17.62M
Free cash flow
$-21.25M
Fetching…
Sources
Revenue
$20.20M
Net income
$-13.94M
Diluted EPS
-0.03
Operating cash flow
$-38.12M
Free cash flow
$-39.06M
Fetching…
Sources
Revenue
$0.00
Net income
$-10.34M
Diluted EPS
-0.02
Operating cash flow
$-34.31M
Free cash flow
$-35.44M
Fetching…
Sources
Revenue
$0.00
Net income
$-27.05M
Diluted EPS
-0.06
Operating cash flow
$-23.46M
Free cash flow
$-24.43M
Fetching…
Sources
Revenue
$0.00
Net income
$-30.21M
Diluted EPS
-0.07
Operating cash flow
$-20.74M
Free cash flow
$-22.82M
Fetching…
Sources
Revenue
$49.75M
Net income
$-10.23M
Diluted EPS
-0.02
Operating cash flow
$-8.81M
Free cash flow
$-10.02M
Fetching…
Sources
Revenue
$17.09M
Net income
$-20.16M
Diluted EPS
-0.05
Operating cash flow
$-11.45M
Free cash flow
$-12.67M
Fetching…
Sources
Is it cheap or expensive?
Fair value $4.99 vs current price $7.44
Wall Street consensus is the average analyst price target: $16.03 (221.3% higher than our fair-value estimate).
Our most-likely fair value is $4.99 a share — about 32.9% away from today's price of $7.44, so the stock currently looks fairly priced.
Is it drowning in debt?
Healthy
Net cash $492.5M - more cash than debt. Interest coverage -64.3x.
Net debt
$-492.51M
Interest coverage
-64.30x
Uranium Energy Corp.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
UEC
BASELINE
Uranium Energy Corp.
Total debt $2.95M Interest coverage -64.30x This is the baseline the peer rows are being compared against.
Total debt $872.39M Interest coverage 6.49x This peer still has a real interest-payment cushion, while UEC does not.
Total debt $441.86M Interest coverage -1.92x Neither company has much profit cushion over interest right now.
Total debt $678.34M Interest coverage -609.37x Neither company has much profit cushion over interest right now.
Total debt $490.52M Interest coverage -5.64x Neither company has much profit cushion over interest right now.
Total debt $88.71M Interest coverage -35.63x Neither company has much profit cushion over interest right now.
What you should know
The case for and against UEC
1 Reward
2 Risks
Rewards
-
Free cash flow was positive in 1/10 years.
Risks
-
Operating margin compressed from 5.5% to -228.6% over 3 years.
-
Return on equity was -11.6% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-100.54x
P/B
2.68x
P/S
98.98x
EV/EBITDA
-25.31x
PEG ratio
1.37x
Profitability
How much profit each dollar creates
Gross margin
-184.0%
Operating margin
-228.6%
Net margin
0.0%
ROE
-11.6%
ROA
-6.4%
Health
Liquidity and balance-sheet strength
Debt / equity
0.00x
Current ratio
17.26x
Quick ratio
14.71x
Total debt
$2.95M
Total cash
$495.46M
Growth
How the business has been compounding
Revenue TTM
$37.25M
Revenue 5Y CAGR
12.6%
EPS TTM
-0.28
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-98.56M
Free CF TTM
$-107.34M
FCF margin
-288.2%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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