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
$7.56
52-week range
$7.31 - $27.90
Market cap
$2.00B
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: 1.8%).
What this company does
Energy Fuels Inc.
Energy Fuels Inc. is primarily a uranium mining company that also produces vanadium and is starting to process rare earth elements (critical metals used in things like magnets for electric cars). The majority of its money comes from selling uranium, which is important because it's used to generate nuclear power, a growing energy source. They are also exploring ways to recycle materials from other industries and extract valuable elements, which could provide additional income streams beyond just mining.
How the company got here
Energy Fuels Inc. was incorporated in 1987 and originally known as Volcanic Metals Exploration Inc.. The company changed its name to Energy Fuels Inc. in May 2006. It has a history in uranium mining and processing, operating the White Mesa Mill since 1980. In recent years, Energy Fuels has expanded its focus to include rare earth elements (REEs) and other critical minerals, aiming to establish a more robust domestic supply chain for these materials. The company has made strategic acquisitions and partnerships to bolster its capabilities in these new areas.
What it actually does
Energy Fuels Inc. is a critical minerals company that mines and processes uranium, rare earth elements (REEs), and heavy mineral sands (HMS). Uranium is primarily used as fuel for clean, carbon-free nuclear energy production. Rare earth elements are essential components in many advanced technologies, including electric vehicles, wind turbines, and defense systems. Heavy mineral sands yield valuable minerals like titanium and zirconium, used in various industrial applications. The company operates the White Mesa Mill in Utah, which is the largest uranium production facility in the U.S. and the only operating conventional uranium mill in the country.
Uranium
Energy Fuels is the leading U.S. producer of uranium concentrates, which are the initial form of fuel for nuclear energy. The company owns and operates several uranium projects in the western U.S., including mines like Pinyon Plain and La Sal. These mines supply ore to the White Mesa Mill for processing into yellowcake uranium. Nuclear energy is seen as a growing sector due to the increasing demand for reliable, zero-emission power sources.
Rare Earth Elements (REEs)
The company is an emerging world leader in rare earth elements, which are crucial for many modern technologies. Energy Fuels produces high-purity separated rare earth oxides, such as neodymium-praseodymium (NdPr), from monazite, a mineral byproduct. These rare earth elements are vital for manufacturing powerful magnets used in electric vehicles (EVs), hybrid EVs, advanced robotics, and defense technologies. Energy Fuels is also piloting the separation of heavier rare earth elements.
Heavy Mineral Sands (HMS)
Energy Fuels also extracts and processes heavy mineral sands, which contain valuable minerals like ilmenite, rutile, and zircon. These minerals are important for various industrial applications. The company has acquired significant heavy mineral sand assets, which can also serve as a source for rare earth feedstock like monazite.
What management is betting on now
Energy Fuels is strategically expanding its operations to become a comprehensive critical minerals provider, moving beyond just uranium. The company is investing in rare earth element processing and aims to establish a fully integrated U.S. supply chain, from mining to metal and alloy production. This includes planned acquisitions to enhance capabilities in metallurgy and metal manufacturing, positioning Energy Fuels to supply materials essential for defense, advanced manufacturing, and the energy transition. Management is focused on leveraging its existing infrastructure and expertise to capture growth opportunities in these critical mineral sectors.
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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Is it cheap or expensive?
Fair value — vs current price $7.56
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 $2.95M Interest coverage -64.30x Neither company has much profit cushion over interest right now.
Total debt $872.18M Interest coverage 6.49x This peer still has a real interest-payment cushion, while UUUU does not.
Total debt $490.47M Interest coverage -5.64x Neither company has much profit cushion over interest right now.
Total debt $441.83M 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: 1.8%).
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
15.59x
P/B
2.38x
P/S
18.93x
EV/EBITDA
-22.82x
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
-0.34
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
0.0%
Payout ratio
0.0%
Last ex-div date
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