Now trading at a price of $37.86, Cameco has moved -7.7% so far today.
Cameco returned gains of 22.4% last year, with its stock price reaching a high of $56.24 and a low of $32.89. Over the same period, the stock returned a similar cumulative performance to the S&P 500. The company's 50-day average price was $50.61.
Cameco Corporation provides uranium for the generation of electricity. The Large-Cap Basic Materials company is headquartered in Saskatoon, Canada. Cameco has not offered a dividend during the last year.
Good EPS Growth but Slimmer Gross Margins than the Industry Average of 26.0%:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $2,092 | $1,863 | $1,800 | $1,475 | $1,868 | $2,588 |
| Gross Margins | 14% | 13% | 6% | 0% | 12% | 22% |
| Net Margins | 8% | 4% | -3% | -7% | 5% | 14% |
| Net Income (M) | $166 | $74 | -$53 | -$103 | $89 | $361 |
| Net Interest Expense (M) | $72 | $62 | $66 | $39 | $39 | $51 |
| Depreciation & Amort. (M) | $328 | $276 | $209 | $190 | $177 | $220 |
| Earnings Per Share | $0.42 | $0.19 | -$0.13 | -$0.26 | $0.22 | $0.83 |
| EPS Growth | n/a | -54.76% | -168.42% | -100.0% | 184.62% | 277.27% |
| Avg. Price | $10.33 | $10.15 | $9.82 | $19.27 | $24.15 | $38.06 |
| P/E Ratio | 24.6 | 53.42 | -75.54 | -74.12 | 109.77 | 45.86 |
| Free Cash Flow (M) | $668 | $527 | $57 | $458 | $305 | $688 |
| Total Debt (M) | $996 | $997 | $996 | $996 | $997 | $1,284 |
| Net Debt / EBITDA | 0.71 | -0.18 | 0.59 | -4.63 | -0.76 | 1.43 |
| Current Ratio | 2.38 | 6.51 | 6.4 | 5.18 | 5.92 | 1.55 |
Cameco has a strong EPS growth trend and generally positive cash flows. Additionally, the company's financial statements display a decent current ratio of 1.55 and healthy leverage levels. However, the firm has slimmer gross margins than its peers.
Cameco's Valuation Is in Line With Its Sector Averages:
Cameco has a trailing twelve month P/E ratio of 117.7, compared to an average of 23.66 for the Basic Materials sector. Based on its EPS guidance of $1.28, the company has a forward P/E ratio of 39.5. Cameco's PEG ratio is 9.31 on the basis of the 12.6% weighted average of the company and the broader market's EPS compound average growth rates. This suggests that the company's shares are overvalued. The market is placing a fair value on Cameco's equity, since its P/B ratio of 2.7 is comparable to its sector average of 2.69.
Cameco Has an Average Rating of Buy:
The 8 analysts following Cameco have set target prices ranging from $44.9 to $60.49 per share, for an average of $53.93 with a buy rating. The company is trading -29.8% away from its average target price, indicating that there is an analyst consensus of strong upside potential.
The largest shareholder is FMR, LLC, whose 9% stake in the company is worth $1,540,318,564.
