One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Energy Fuels Inc.
UUUU · ASE · Energy · Uranium
Current price
$12.95
52-week range
$10.69 - $27.90
Market cap
$3.43B
Balance sheet
Healthy
-609.37x Concerning
Net cash $258.41M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
2 Risks
1 rewards · 2 risks
- Reward Revenue grew 60.4% last year.
- Risk Return on equity was -11.4% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 1.2% (peer median: 1.9%).
What this company does
Energy Fuels Inc.
Energy Fuels is an American company that primarily mines and sells uranium, the fuel needed for nuclear power plants. The company also produces rare earth elements, which are critical materials for manufacturing electric vehicles, wind turbines, and advanced electronics. Because it operates in the U.S., it provides a domestic source for materials considered important for the country's clean energy goals and technology industries.
How the company got here
Energy Fuels was founded in 1987 and for many years focused on being a leading American producer of uranium, the fuel for nuclear power plants. A major turning point came recently when the company realized its main processing facility, the White Mesa Mill in Utah, could also be used to process other valuable materials. This unique capability allowed them to expand into producing rare earth elements, which are critical for modern technology. This strategic shift from a pure uranium company to a broader critical minerals producer defines what Energy Fuels is today.
What it actually does
Think of Energy Fuels as a specialized mining and processing company for materials that power clean energy and high-tech gadgets. They dig up rock containing uranium and other critical minerals and run it through their plant to extract the valuable elements. Their main product is uranium concentrate, a powder sold to power companies to fuel nuclear reactors. They also produce rare earth elements, which are key ingredients for things like electric vehicle motors, wind turbines, and smartphones.
Uranium
This is the company's original and largest business, making it the biggest uranium producer in the United States. [3, 15, 17] Energy Fuels mines uranium ore from its properties in the western U.S. and processes it at its White Mesa Mill, the only facility of its kind operating in the country. [3, 5] The final product is sold to nuclear utilities, which use it to generate clean, carbon-free electricity for homes and businesses. This segment provides the foundational revenue (income from sales) for the company.
Rare Earth Elements (REE)
This is a new and fast-growing part of the company. Energy Fuels processes a mineral called monazite to extract rare earth elements, which are a group of metals essential for advanced technologies. [3, 8] These aren't sold to everyday shoppers, but to manufacturers who use them to make powerful magnets for electric vehicles, wind turbines, and defense systems. [7, 11] By producing these materials in the U.S., the company is building a supply chain (the entire network of getting a product from raw material to the customer) outside of traditional suppliers like China.
Heavy Mineral Sands (HMS)
This business line supports their rare earth ambitions by providing the raw materials, also known as feedstock. The company has acquired projects in places like Brazil and Australia that are rich in mineral sands. [4, 6] These sands contain valuable industrial materials like titanium and zircon, but more importantly, they contain monazite, the key ingredient for the company's rare earth processing. [4, 11] This strategy of owning the source of their raw materials is called vertical integration, giving them more control over their costs and production.
What management is betting on now
Management is focused on transforming Energy Fuels into a one-stop shop for critical minerals essential for the green energy transition and national security. [5, 7] They are investing heavily to expand their rare earth business, aiming to handle every step from mining the raw materials to producing the final high-purity metals used in magnets. [10, 19] This strategy diversifies the company away from relying solely on the price of uranium. The big bet is that Western countries will pay a premium for a secure and reliable supply chain for these vital materials that is not dependent on other nations.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$-58.16M
FY2025 Q4
$-35.47M
Revenue
$25.11M
Net income
$-33.38M
Diluted EPS
-0.13
Operating cash flow
$-26.07M
Free cash flow
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Sources
Revenue
$35.84M
Net income
$-10.84M
Diluted EPS
-0.04
Operating cash flow
$8.32M
Free cash flow
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Sources
Revenue
$27.10M
Net income
$-20.79M
Diluted EPS
-0.08
Operating cash flow
$-16.21M
Free cash flow
$-35.47M
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Sources
Revenue
$17.71M
Net income
$-16.74M
Diluted EPS
-0.07
Operating cash flow
$-28.50M
Free cash flow
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Sources
Revenue
$4.21M
Net income
$-21.81M
Diluted EPS
-0.10
Operating cash flow
$-25.94M
Free cash flow
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Sources
Revenue
$16.90M
Net income
$-26.30M
Diluted EPS
-0.13
Operating cash flow
$-18.83M
Free cash flow
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Sources
Revenue
$39.92M
Net income
$-32.91M
Diluted EPS
-0.19
Operating cash flow
$-35.98M
Free cash flow
$-58.16M
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Sources
Revenue
$4.05M
Net income
$-12.08M
Diluted EPS
-0.07
Operating cash flow
$-7.15M
Free cash flow
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Sources
Is it cheap or expensive?
Fair value — vs current price $12.95
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $258.4M - more cash than debt. Interest coverage -609.4x.
Net debt
$-258.41M
Interest coverage
-609.37x
Energy Fuels Inc.'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
UUUU
BASELINE
Energy Fuels Inc.
Total debt $678.34M Interest coverage -609.37x This is the baseline the peer rows are being compared against.
Total debt $1.91M Interest coverage -50.78x Neither company has much profit cushion over interest right now.
Total debt $881.19M Interest coverage 6.49x This peer still has a real interest-payment cushion, while UUUU does not.
Total debt $495.55M Interest coverage -5.64x Neither company has much profit cushion over interest right now.
Total debt $446.40M Interest coverage -1.92x 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 UUUU
1 Reward
2 Risks
Rewards
-
Revenue grew 60.4% last year.
Risks
-
Return on equity was -11.4% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 1.2% (peer median: 1.9%).
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
26.70x
P/B
4.38x
P/S
32.42x
EV/EBITDA
-41.62x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
40.9%
Operating margin
-79.0%
Net margin
-77.3%
ROE
-11.4%
ROA
-4.7%
Health
Liquidity and balance-sheet strength
Debt / equity
0.85x
Current ratio
27.90x
Quick ratio
25.70x
Total debt
$678.34M
Total cash
$936.75M
Growth
How the business has been compounding
Revenue TTM
$105.76M
Revenue 5Y CAGR
113.3%
EPS TTM
-0.31
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-62.46M
Free CF TTM
$-108.74M
FCF margin
-102.8%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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