Financials Cameco Corporation

Equities

CCO

CA13321L1085

Uranium

Market Closed - Toronto S.E. 04:15:26 2024-05-06 pm EDT 5-day change 1st Jan Change
69.32 CAD +4.71% Intraday chart for Cameco Corporation +2.65% +21.34%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,568 6,749 10,976 13,273 24,796 28,773 - -
Enterprise Value (EV) 1 4,502 6,801 10,640 11,989 26,013 29,334 28,338 26,554
P/E ratio 60.7 x -131 x -106 x 140 x 68.8 x 86 x 37.3 x 31.4 x
Yield 0.69% 0.47% 0.29% 0.39% 0.21% 0.18% 0.18% 0.18%
Capitalization / Revenue 2.45 x 3.75 x 7.44 x 7.11 x 9.58 x 9.52 x 9.1 x 9.14 x
EV / Revenue 2.42 x 3.78 x 7.21 x 6.42 x 10.1 x 9.7 x 8.96 x 8.43 x
EV / EBITDA 12.1 x 44.2 x 196 x 62.3 x 51.7 x 21.2 x 14.1 x 13 x
EV / FCF 9.96 x -331 x 29.6 x 74.4 x 48.7 x 63.4 x 39.8 x 29.4 x
FCF Yield 10% -0.3% 3.38% 1.34% 2.05% 1.58% 2.51% 3.4%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 395,798 395,846 397,962 432,500 434,028 434,630 - -
Reference price 2 11.54 17.05 27.58 30.69 57.13 66.20 66.20 66.20
Announcement Date 2/7/20 2/10/21 2/9/22 2/9/23 2/8/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,863 1,800 1,475 1,868 2,588 3,023 3,162 3,149
EBITDA 1 371.2 153.9 54.2 192.4 503.2 1,384 2,008 2,042
EBIT 1 92.41 -78.73 -136.2 15.05 282.9 562.7 1,429 1,506
Operating Margin 4.96% -4.37% -9.23% 0.81% 10.93% 18.61% 45.2% 47.82%
Earnings before Tax (EBT) 1 135 -39.53 -103.9 84.8 487.2 660.1 1,279 1,316
Net income 1 74 -53 -103 89 360.8 495.8 896.3 1,081
Net margin 3.97% -2.94% -6.98% 4.76% 13.94% 16.4% 28.34% 34.34%
EPS 2 0.1900 -0.1300 -0.2600 0.2200 0.8300 0.7700 1.775 2.106
Free Cash Flow 1 451.8 -20.57 359.5 161.2 534.5 463 711.8 901.9
FCF margin 24.25% -1.14% 24.37% 8.63% 20.66% 15.32% 22.51% 28.65%
FCF Conversion (EBITDA) 121.73% - 663.25% 83.75% 106.22% 33.45% 35.44% 44.16%
FCF Conversion (Net income) 610.56% - - 181.08% 148.13% 93.4% 79.42% 83.42%
Dividend per Share 2 0.0800 0.0800 0.0800 0.1200 0.1200 0.1200 0.1200 0.1200
Announcement Date 2/7/20 2/10/21 2/9/22 2/9/23 2/8/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 465 398 557.6 388.7 524 687 482 575.1 844 634 842.5 701.7 911.9 940.9 -
EBITDA 1 48.34 28.54 124.6 30.3 -30.56 179.1 85.79 191.5 63.46 169.9 276 277 260 331 361
EBIT 1 -2.167 - - -17.28 -58.56 94.7 35.28 135.5 17.34 126.7 318.3 260.5 300 343.5 -
Operating Margin -0.47% - - -4.45% -11.18% 13.79% 7.32% 23.57% 2.06% 19.99% 37.78% 37.12% 32.9% 36.51% -
Earnings before Tax (EBT) - - - - - - - - 106.6 - - - - - -
Net income 1 11 40.35 - -19.53 -15 119 14 148.1 80 -7 185.1 322.9 - - -
Net margin 2.37% 10.14% - -5.02% -2.86% 17.32% 2.9% 25.75% 9.48% -1.1% 21.97% 46.01% - - -
EPS 2 0.0300 0.1000 0.2100 -0.0500 -0.0400 0.2700 0.0300 0.3400 0.1800 -0.0200 0.4200 0.4700 - 0.2850 0.2500
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/9/22 5/5/22 7/27/22 10/27/22 2/9/23 4/28/23 8/2/23 10/31/23 2/8/24 4/30/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 52.2 - - 1,217 562 - -
Net Cash position 1 65.7 - 336 1,285 - - 435 2,218
Leverage (Debt/EBITDA) - 0.3389 x - - 2.419 x 0.4056 x - -
Free Cash Flow 1 452 -20.6 360 161 535 463 712 902
ROE (net income / shareholders' equity) 1.48% -1.07% -2.09% 2.53% 5.68% - - -
ROA (Net income/ Total Assets) 0.96% -0.71% - - - - - -
Assets 1 7,723 7,504 - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 1.090 0.6300 0.4300 1.040 1.580 1.870 2.670 3.890
Capex 1 75.2 77.5 98.8 143 154 222 236 299
Capex / Sales 4.04% 4.3% 6.7% 7.68% 5.94% 7.33% 7.47% 9.5%
Announcement Date 2/7/20 2/10/21 2/9/22 2/9/23 2/8/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
66.2 CAD
Average target price
75.62 CAD
Spread / Average Target
+14.23%
Consensus
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  4. Financials Cameco Corporation
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