Now trading at a price of $45.08, Cameco has moved -1.8% so far today.
Cameco returned gains of 107.4% last year, with its stock price reaching a high of $46.76 and a low of $21.22. Over the same period, the stock outperformed the S&P 500 index by 91.2%. More recently, the company's 50-day average price was $41.37. Cameco Corporation provides uranium for the generation of electricity. The mid-cap Basic Materials company is headquartered in Saskatoon, Canada. Cameco has offered a 0.3% dividend yield over the last 12 months.
The Business Has Negative Margins on Average:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $2,092 | $1,863 | $1,800 | $1,475 | $1,868 | $1,868 |
| Revenue Growth | n/a | -10.94% | -3.37% | -18.06% | 26.65% | 0.0% |
| Operating Margins | 3% | 5% | -4% | -9% | 1% | 1% |
| Net Margins | 8% | 4% | -1% | -7% | 5% | 5% |
| Net Income (MM) | $166 | $74 | -$14 | -$103 | $89 | $89 |
| Net Interest Expense (MM) | $72 | $62 | $66 | $39 | $39 | $39 |
| Depreciation & Amort. (MM) | $328 | $276 | $209 | $190 | $177 | $177 |
| Free Cash Flow (MM) | $668 | $527 | $57 | $458 | $305 | $305 |
| Current Ratio | 2.38 | 6.51 | 6.4 | 5.18 | 5.92 | 5.92 |
| Total Debt (MM) | $1,647 | $1,092 | $1,066 | $1,070 | $1,183 | $1,183 |
| Net Debt / EBITDA | 2.35 | 0.08 | 1.13 | -3.28 | 0.21 | 0.21 |
Cameco's P/B and P/E Ratios Are Higher Than Average:
Cameco has a trailing twelve month P/E ratio of 91.9, compared to an average of 16.53 for the Basic Materials sector. Based on its EPS guidance of $1.09, the company has a forward P/E ratio of 38.0. Furthermore, Cameco is likely overvalued compared to the book value of its equity, since its P/B ratio of 3.2 is higher than the sector average of 2.07.
Cameco Has an Average Rating of Buy:
The 8 analysts following Cameco have set target prices ranging from $43.03 to $55.23 per share, for an average of $50.14 with a buy rating. As of April 2023, the company is trading -17.5% away from its average target price, indicating that there is an analyst consensus of some upside potential.
The largest shareholder is FMR, LLC, whose 6% stake in the company is worth $1,236,028,915.
