NexGen Energy Ltd.

NYSE:NXE 주식 리포트

시가총액: US$7.2b

NexGen Energy 향후 성장

Future 기준 점검 0/6

NexGen Energy (는) 각각 연간 31.6% 및 70.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 33.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 -11.4% 로 예상됩니다.

핵심 정보

31.6%

이익 성장률

33.77%

EPS 성장률

Oil and Gas 이익 성장11.3%
매출 성장률70.2%
향후 자기자본이익률-11.39%
애널리스트 커버리지

Good

마지막 업데이트25 May 2026

최근 향후 성장 업데이트

Recent updates

Seeking Alpha May 19

NexGen Energy: World-Class Uranium Project, But The Valuation Is A Problem

Summary NexGen Energy owns the high-grade Rook I uranium project, with exceptional economics and strong stakeholder support. At $100/lb uranium, Rook I offers a 46.9% IRR, a 1-year payback, and US$1.47B average annual FCF over five years. NXE trades at a ~50% premium to its project NPV at bullish uranium prices, limiting the margin of safety for new investors. I rate NXE as a hold, preferring to buy after a 20–30% pullback or clear production/price upside confirmation. Read the full article on Seeking Alpha
Seeking Alpha Apr 29

NexGen Energy's Sales Strategy May Pose Challenges

Summary NexGen Energy's Rook I Uranium Project is progressing, with commercial production expected by 2029. Cost inflation and the need to stockpile uranium for future contracts are impacting Rook I return projections. The company secured its first sales contract, but must continue to find clients and manage inventory costs. Read the full article on Seeking Alpha
Seeking Alpha Mar 27

NexGen Energy's Competition Isn't Other Uranium Miners, It's Natural Gas

Summary NexGen Energy's Rook 1 mine is progressing towards a 2025-2026 hearing with the Canadian Nuclear Safety Commission, with offtake agreements secured with US utilities. The uranium market faces macroeconomic headwinds, with natural gas becoming more favorable for powering large-scale AI data centers. The first data center being built as part of the project Stargate may utilize natural gas given its location near major natural gas pipelines near the Permian Basin. Russia's dominance in uranium enrichment and potential supply chain bottlenecks pose significant risks, making natural gas a more viable power source for data centers. NXE also faces risks to imposed tariffs on uranium imports into the US, potentially making nuclear power generation less desirable. Read the full article on Seeking Alpha
Seeking Alpha Mar 13

NexGen Energy: If Things Work Out, The Upside Is Huge

Summary NexGen Energy is a 'Buy' due to its likely mining approval and significant future revenue generation from the Arrow Deposit uranium project. The company has secured its first-ever sales agreement to supply 1Mlb of U3O8 annually from 2029 to 2033. If the NXE's operations go as expected, valuation models indicate an intrinsic value of $15.17, representing a 233.49% upside from the current trading price of $4.55. NexGen's low debt levels and healthy balance sheet further support the Buy rating, despite potential risks from future nuclear fusion advancements. Read the full article on Seeking Alpha
Seeking Alpha Dec 11

NexGen Energy's Offtake Agreement: A De-Risking Event, A Confirmation Of The Uranium Bull Market

Summary NexGen Energy signed its first uranium sales agreements with U.S. utilities for 1 Mlb/year from 2029-2033, signaling confidence in the Rook I project. The successful completion of the final federal technical review and now the offtake agreements de-risk the project, positioning NexGen well for final permits and securing financing by 2025. Despite near-term catalysts and strong analyst price targets, I believe the stock warrants a buy, but not a 'strong buy,' which requires a greater margin of safety. Read the full article on Seeking Alpha
Seeking Alpha Nov 19

NexGen Energy: Overshadowed By Questionable Capital Allocation Decisions

Summary The Arrow Deposit is expected to produce close to 30.0 million pounds of uranium concentrate per year, which represents almost 25% of the current world's uranium supply. Although the scale and the economics of the Arrow Deposit are impressive, recent capital allocation decisions made by the management team raise some important questions. In what way does the sponsorship of an F1 Racing Team and of a professional football team create value for the shareholders of a uranium project developer? From a project economics standpoint, I view the Phoenix Deposit owned by Denison as superior, although it brings the technical risks associated with the in-situ recovery method. Read the full article on Seeking Alpha
Seeking Alpha Aug 14

NexGen Energy: Valuation Is Improving

Summary NexGen Energy is developing the world-class Rook I Project in the Athabasca Basin, projected to be one of the largest uranium mines in the world. NexGen recently updated economic assumptions on Rook I, raising capex and opex and lowering NPV. Lowered NPV combined with a languishing uranium price has hit NexGen's stock hard. However, I estimate the stock is currently fairly valued, trading at 0.9x P/NAV @ US$80 U3O8. Read the full article on Seeking Alpha
Seeking Alpha Jul 28

NexGen Energy: Tailwinds And Near-Term Catalysts

Summary 32% YoY increase in their cash balance in Q1 2024, mainly from financing activities. The US ban on Russian uranium imports, signed by Joe Biden in May 2024, will likely increase the demand for Canadian uranium in the long term. EIS and NegGen's technical comments are being reviewed by the CNSC. If they deem the EIS final, a federal commission hearing will be scheduled. New signs of uranium were found in the Patterson Corridor East. The summer drilling program will focus more in this area. I rate NexGen as a Hold, and I will review this rating when a date is confirmed for the federal commission heraring. Read the full article on Seeking Alpha
Seeking Alpha Apr 19

NexGen Energy: Still A Long Way To Go For A Buy Rating

Summary NexGen Energy is developing the world-class Rook Project/Arrow Deposit in the Athabasca Basin, projected to be one of the largest uranium mines in the world. The company is currently in the permitting phase, with limited newsflow until all permits and approvals are received. For now, NXE stock price is simply a beta bet on the price of uranium, with potential timing delays and cost overrun risks. I maintain my hold recommendation. Read the full article on Seeking Alpha
Seeking Alpha Jan 22

NexGen Energy: Rook I Is A Fantastic Uranium Project

Summary NexGen Energy is a Canadian uranium development company with a strong balance sheet and a 34% ownership in IsoEnergy. The company's main asset is the Rook I project, which has a very impressive size and grade, making it unique in the uranium market. Concerns include the potential for a long construction project, excessive compensation, and the stock not trading at a bargain price. Read the full article on Seeking Alpha
Seeking Alpha Dec 18

NexGen Energy: Overextended For Now, But Keep It On Your Watchlist

Summary NexGen Energy is poised to play a key role in addressing the supply-demand mismatch in the uranium market. The company has recently beefed up its balance sheet. The stock looks overextended and could do with a pullback. Read the full article on Seeking Alpha
Seeking Alpha Sep 18

NexGen Energy: Moderately Optimistic Scenario Already Playing Out

Summary NexGen Energy is a promising investment in the uranium and nuclear industry, with the potential for short and long-term growth and outperformance of other companies in this space. The stock has already seen a 46% increase since the original thesis was published, outperforming ETFs and financial entities dedicated to uranium. Demand for uranium is expected to grow, with countries like Finland and Japan increasing their reliance on nuclear energy, and existing plants extending their operating lifetimes. Supply constraints and disruptions are also supporting higher uranium prices. With my moderately optimistic scenario from my earlier thesis already playing out, I am hopeful of the rally driving the price further. I am holding on to my Buy recommendation for now. Read the full article on Seeking Alpha
Seeking Alpha Aug 11

Nexgen Energy: Little Progress Towards Construction, Fairly Valued, Reiterate Hold

Summary NexGen Energy is advancing the Rook I Project/Arrow Deposit in Saskatchewan, projected to produce over 22 million lbs of U3O8 annually. The Rook I project is considered a 'tier 1' project with excellent size, cost, and capital intensity. Rumors of Niger halting uranium exports have caused a surge in uranium prices and NexGen's share prices. However, with little actual development towards construction, I rate Nexgen a hold. Read the full article on Seeking Alpha
Seeking Alpha Jan 26

NexGen: Watch Out For Capex Blowouts

Summary NexGen owns the Arrow Deposit, a tier-1 uranium development project. A recent spate of capex blowouts in mining/infrastructure projects suggests capital costs may come in higher for Arrow. Trading at 0.85x P/NAV, NexGen appears fully valued. I would wait for a pullback to buy shares. A few months ago, I wrote an initiation article on NexGen Energy Ltd (NXE). Although I believe NexGen's Arrow uranium deposit is a tier 1 development project, it is now stuck in development limbo with not much in terms of catalysts to get speculators excited in the near-term. One big risk to NexGen is a recent spate of mining/infrastructure capex blowouts, which suggests capital costs could be significantly higher at Arrow. NexGen is currently trading at 0.85x P/NAV, which appears rich relative to the capex risks. I would wait for a pullback for a good entry point in this tier 1 asset. Brief Company Overview NexGen Energy is a uranium exploration and development company advancing the 'Rook I Project/Arrow Deposit' ("Arrow") in Southwestern Saskatchewan. According to a 2021 Feasibility Study ("FS"), Arrow can generate over C$750 million in average annual after-tax cash flows at US$50/lb U3O8. With C$1.3 billion in capex, Arrow has a C$3.5 billion project NPV and 52% IRR (Figure 1). Figure 1 - Arrow has robust economics (NXE investor presentation) Bull Case Scenario Suggests Large Upside At spot U3O8 prices of ~$50 / lb, Arrow is already a tier 1 project with eye-popping economics. However, what is truly outstanding about Arrow is the project's sensitivity to higher uranium prices. In a bull-case scenario with sustained $100 / lb U3O8, Arrow's NPV more than doubles to C$8.1 billion (Figure 2). Figure 2 - Arrow NPV sensitivity (NXE investor presentation) Development Phase Is When Projects Get Delayed In my prior article, my main concern with NexGen is that it is now entering the long and arduous development phase of any mining project (Figure 3). Typically, the development phase is when mining projects hit engineering and regulatory snags. Figure 3 - Illustrative Lassonde Curve (visualcapitalist) For example, Cameco's (CCJ) Cigar Lake uranium mine initially filed its Environmental Impact Statement ("EIS") in 1995 and expected first production in 2003. However, construction delays and flooding events delayed first production until 2014, a full decade later than initially expected. Draft EIS Turnaround Surprisingly Fast For Arrow Coming back to NexGen and the Arrow project, I was pleasantly surprised to see NexGen announced on December 1st, 2022 that it has received Federal technical and public review comments and Provincial technical review comments on the draft EIS it submitted on July 15, 2022. The next steps for NexGen is to review the comments and prepare the final EIS for submission to the Saskatchewan Ministry of Environment ("ENV") and the Canadian Nuclear Safety Commission ("CNSC") sometime in Q1/2023. However, investors should note that submission of the final EIS is only one step of many that NexGen will still have to go through in the next year or two before it can begin the actual construction of the Arrow project (Figure 4). Figure 4 - NXE catalyst timeline (NXE investor presentation) What Will Actual Capex Be When Arrow Breaks Ground? Another risk to NexGen is the possibility of a capex blowout, given the soaring cost of labour and materials in the past few years. In recent months, we have seen numerous instances of soaring capital expenditure blowouts for large mining and infrastructure projects in Canada, such as the cost blowout at TC Energy's (TRP) Coastal GasLink or IAMGOLD's (IAG) Cote project. In fact, the Cote project cost blowout may be illustrative of the rise in capex costs experienced in the past few years. Cote is a large-scale gold mining project located in Ontario, Canada. According to IAMGOLD's November 2021 technical report on Cote, the cost to complete the project was estimated at $1.5 billion, inclusive of $286 million already spent (Figure 5). Figure 5 - Cote project capex (IAG November 2021 Technical Report) However, less than 1 year later, in an updated August 2022 technical report, the remaining costs to complete the Cote project had ballooned to $1.9 billion, after $982 million had already been spent (Figure 6). Figure 6 - Cote project updated capex (IAG August 2022 Technical Report) Altogether, the Cote project's budget had been revised from an original $1.9 billion to $3.0 billion, or 58% higher! While I am not suggesting the Arrow project's capex will be 50% higher than in the 2021 feasibility study, the analysis above does highlight the significant capex risks in an inflationary environment (Figure 7). Furthermore, the Arrow project is not expected to break ground for at least a few more years, so the actual costs when Arrow is built could be even higher.
Seeking Alpha Nov 16

IsoEnergy agrees on CAD15.3M funding package

IsoEnergy (OTCQX:ISENF) (TSXV:ISO:CA) has agreed on a CAD15.3M funding package, which consists of a CAD5M non-brokered private placement of shares, a CAD5.3M concurrent private placement in convertible debentures and a CAD5M bought-deal private placement of charitable flow-through shares. The CAD5M non-brokered private placement will see ~1.5M shares issued at CAD3.33 per share to NexGen Energy (NYSE:NXE) (TSX:NXE:CA). ISENF has entered into a binding term sheet with Queen's Road Capital Investment for ~CAD5.3M private placement of unsecured convertible debentures. The debentures will carry a 10% coupon over a five-year term. Also, the company has entered into an agreement with PI Financial on behalf of a syndicate of underwriters. The  underwriters have agreed to purchase, on a bought-deal private placement basis, 940,000 shares. The shares will be issued as a charitable flow-through share at CAD5.35 per flow-through share for gross proceeds of CAD5M. The offerings are expected to close on or about Dec. 6.
Seeking Alpha Aug 06

NexGen Energy: Potential Development Delays Could Push Production To 2030

NexGen owns the Arrow Deposit, one of the most advanced and highest grade uranium projects in the world. Feasibility suggests robust tier 1 economics for Arrow. However, with years to production, current risks may be skewed to the downside. Uranium is crucial to the world's energy security and decarbonization plans. While I believe NexGen Energy Ltd. (NXE) has the best uranium development project in Arrow, it's currently stuck in Lassonde limbo with near-term risks skewed to the downside. It trades at 0.7 NAV, which is a fair price for a developer that still needs to finance construction. However, I would be a buyer of NexGen on any significant market correction. Background NexGen Energy is a uranium exploration and development company primarily focused on advancing the 'Rook I Project/Arrow Deposit' ("Arrow") in Southwestern Saskatchewan. The Arrow project is one of most advanced uranium development projects in the world and has measured mineral resource of 2.18 million tonnes ("MT") at 4.35% U3O8 and indicated resource of 1.57 MT @ 1.36% U3O8 for a total of 257 million lbs of M&I resources (Figure 1). Figure 1 - NexGen mineral resource and reserves (NexGen investor presentation) Arrow Is A Tier 1 Asset According to the latest feasibility study completed in 2021, Arrow has some eye-popping economics (Figure 2). At US$50/lb U3O8, Arrow is envisioned to generate over C$750 million in average annual after-tax cash flows from producing 28.8 million lbs of U3O8. With an estimated capital expenditure of C$1.3 billion, this translates to almost C$3.5 billion in project NPV and 52% IRR. Figure 2 - Arrow has robust economics (NexGen investor presentation) For context, Cameco Corporation (CCJ), the $10 billion market cap uranium mining leader, has production capacity of 30 million lbs of U3O8. So Arrow by itself is almost equivalent to all of Cameco. Furthermore, with its estimated bottom decile mining costs, Arrow should be mining profitably in all price scenarios (Figure 3). Arrow is the true definition of a 'tier 1 asset'. Figure 3 - Arrow has bottom decile mining costs (NexGen investor presentation) Bull Case for Uranium Suggests Even More Upside As I outlined in my article on the URA ETF, there is a bull case for uranium built upon the twin macro tailwinds of ESG and energy security. To briefly recap, nuclear fission emits just 3 tons of CO2 per GWh of electricity, on par with Solar and Wind, and is 270 times less polluting that Coal (Figure 3). Figure 3 - CO2 equivalent emissions per GWh (Sprott Physical Uranium Trust) At the same time, Russia's invasion of Ukraine has led governments around the world to reassess their energy security, with many like Belgium, reconsidering nuclear after shunning it for years. The result is U3O8 price that has rallied significantly from the $20 lows a few years ago, with some analysts expecting much higher prices to spur additional production (Figure 4). Figure 4 - Uranium price (tradingeconomics) Lassonde Curve Suggests A Long Period Of Rest With robust project economics and a rosy picture for uranium prices, is there anything to not like about Arrow? The answer is the Lassonde Curve (Figure 5). As I mentioned in my article on MAG Silver Corp. (MAG), there is a general lifecycle to mineral discoveries and development. Figure 5 - Lassonde Curve (visualcapitalist.com) Typically, the value / stock price of a mineral discovery runs up during the discovery phase, as speculators bet on 'how big can it get'. Once the size of the project is determined and the project enters the feasibility and development phases, the stock price goes 'fallow', as this is usually where economic reality, permit delays and cost overruns occur. Finally, as the mine starts producing, the stock price takes off, as cashflows begin to flow. While MAG Silver is transitioning to production, NexGen is just beginning the development phase for Arrow. Recent EIS Is First Step Of Many A few weeks ago, NexGen announced it had submitted a draft Environmental Impact Statement ("EIS") to the Saskatchewan Ministry of Environment ("SME") and the Canadian Nuclear Safety Commission ("CNSC"). While the submission of the EIS is an important milestone, it is one of many. Now the Provincial and Federal regulators will review the technical, environmental, and social merits of the project, with a public review process to follow. It is unclear how long this review process could take, but Cameco's Cigar Lake mine may offer some clues, as it is also situated in Saskatchewan. Cigar Lake Timeline As Guide Uranium mineralization was first discovered at Cigar Lake in the 1980s, and a joint venture led by Cameco was set up to develop the project. A Pre-feasibility study was delivered to the JV partners in 1993, and an Environmental Impact Statement was filed in 1995. Public hearings on the project concluded in 1997 and the project proceeded to regulatory licensing in 1998. Initially, Cameco expected production at Cigar Lake to begin in 2003 (according to Cameco's 1999 Annual Information Form). However, construction was delayed multiple times until 2005, with production expected by 2007. Unfortunately, the mine experienced multiple flooding events in 2006 and 2008 and actual ore production did not begin until 2014, more than a full decade later than originally envisioned. While Arrow is not expected to experience the same kind of technical difficulties as Cigar Lake (the Arrow deposit is basement-hosted unlike Cigar Lake, which is hosted in sandstone and has to be frozen using the jet-boring technique before it can be mined), the timeline above does highlight the time delay risk in mine development. Using Cigar Lake as a rough guideline, Arrow still needs to complete the EIS and public review phase, which could take 2 years. Then the mine licensing could take another year. Finally, the feasibility study expects a mine construction time of 4 years. So adding it all up, we could looking at late 2020s or early 2030s before U3O8 ore is mined at Arrow. NexGen Trading As An Option On Uranium In the meantime, NexGen is trading like a call option or leveraged bet on uranium prices. When uranium prices surged to $65 in April, NexGen traded up to $6.56 per share. However, as uranium prices declined to $46 and equity markets experienced a steep selloff, NexGen's share price declined by almost 50% to $3.40 (Figure 6). Recently, both have recovered, with uranium trading near $50 and NexGen trading at $4.40. Figure 6 - NXE trading like a call option on uranium (Author created with price chart from stockcharts.com)

이익 및 매출 성장 예측

NYSE:NXE - 애널리스트 향후 추정치 및 과거 재무 데이터 (CAD Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
12/31/2028N/A-201-771-1318
12/31/2027N/A-152-654-8711
12/31/2026N/A-236-369-659
3/31/2026N/A-415-295-57N/A
12/31/2025N/A-310-233-48N/A
9/30/2025N/A-333-190-32N/A
6/30/2025N/A-194-148-24N/A
3/31/2025N/A-94-141-16N/A
12/31/2024N/A-78-155-24N/A
9/30/2024N/A148-172-37N/A
6/30/2024N/A85-172-42N/A
3/31/2024N/A53-186-54N/A
12/31/2023N/A81-168-53N/A
9/30/2023N/A-101-129-36N/A
6/30/2023N/A-70-116-33N/A
3/31/2023N/A-38-100-24N/A
12/31/2022N/A-57-88-20N/A
9/30/2022N/A-50-96-22N/A
6/30/2022N/A-46-84-19N/A
3/31/2022N/A-79-67-18N/A
12/31/2021N/A-119-64-17N/A
9/30/2021N/A-163-38-13N/A
6/30/2021N/A-167-34-14N/A
3/31/2021N/A-166-30-12N/A
12/31/2020N/A-110-29-11N/A
9/30/2020N/A-60-42-10N/A
6/30/2020N/A-39-48-11N/A
3/31/2020N/A-33-59-10N/A
12/31/2019N/A-16N/A-13N/A
9/30/2019N/A10N/A-11N/A
6/30/2019N/A-9N/A-10N/A
3/31/2019N/A-21N/A-11N/A
12/31/2018N/A2N/A-8N/A
9/30/2018N/A-45N/A-8N/A
6/30/2018N/A-28N/A-12N/A
3/31/2018N/A0N/A-12N/A
12/31/2017N/A-56N/A-11N/A
9/30/2017N/A-39N/A-10N/A
6/30/2017N/A-30N/A-9N/A
3/31/2017N/A-41N/A-9N/A
12/31/2016N/A-17N/A-8N/A
9/30/2016N/A-4N/A-7N/A
6/30/2016N/A-12N/A-4N/A
3/31/2016N/A-5N/A-3N/A
12/31/2015N/A-5N/A-3N/A
9/30/2015N/A-9N/A-3N/A

애널리스트 향후 성장 전망

수입 대 저축률: NXE 향후 3년 동안 수익성이 없을 것으로 예상됩니다.

수익 vs 시장: NXE 향후 3년 동안 수익성이 없을 것으로 예상됩니다.

고성장 수익: NXE 향후 3년 동안 수익성이 없을 것으로 예상됩니다.

수익 대 시장: NXE 은(는) 내년에 수익이 없을 것으로 예상됩니다.

고성장 매출: NXE 은(는) 내년에 수익이 없을 것으로 예상됩니다.


주당순이익 성장 예측


향후 자기자본이익률

미래 ROE: NXE는 3년 뒤에도 수익성이 없을 것으로 전망됩니다.


성장 기업 찾아보기

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/26 12:30
종가2026/05/22 00:00
수익2026/03/31
연간 수익2025/12/31

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분석가 소스

NexGen Energy Ltd.는 25명의 분석가가 다루고 있습니다. 이 중 11명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Regan BurrowsBell Potter
Alexander Robert PearceBMO Capital Markets Equity Research
Katie LachapelleCanaccord Genuity