Nexus Uranium Valuation

Q: What is the Fair Price of NEXU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NEXU (CA$0.27) is trading below our estimate of [[fair value]] (CA$9.47)

Is NEXU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NEXU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NEXU (CA$0.27) is trading below our estimate of fair value (CA$9.47)

Significantly Below Fair Value: NEXU is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NEXU?

Key metric: As NEXU is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for NEXU. This is calculated by dividing NEXU's market cap by their current book value.
What is NEXU's PB Ratio?
PB Ratio	1x
Book	CA$8.95m
Market Cap	CA$9.26m

NEXU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does NEXU's PB Ratio compare to its peers?

The above table shows the PB ratio for NEXU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	5.8x
SUU Strathmore Plus Uranium	2.9x	n/a	CA$10.9m
API Appia Rare Earths & Uranium	0.4x	n/a	CA$13.4m
ABA Abasca Resources	5.7x	n/a	CA$7.2m
PTU Purepoint Uranium Group	14.2x	n/a	CA$9.5m
NEXU Nexus Uranium	1x	n/a	CA$9.3m

Price-To-Book vs Peers: NEXU is good value based on its Price-To-Book Ratio (1x) compared to the peer average (5.8x).

Price to Book Ratio vs Industry

How does NEXU's PB Ratio compare vs other companies in the CA Oil and Gas Industry?

10 Companies	Price / Book	Estimated Growth	Market Cap
BNE Bonterra Energy	0.2x	-82.7%	US$91.65m
YGR Yangarra Resources	0.2x	n/a	US$69.27m
TWM Tidewater Midstream and Infrastructure	0.2x	110.6%	US$40.06m
LCFS Tidewater Renewables	0.2x	106.1%	US$22.11m

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: NEXU is good value based on its Price-To-Book Ratio (1x) compared to the Canadian Oil and Gas industry average (1.3x).

Price to Book Ratio vs Fair Ratio

What is NEXU's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NEXU PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate NEXU's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Precision Drilling

CA$1.3b

A drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East.

CA$92.36

3.3%

17.3%

Ovintiv

US$11.9b

Explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada.

OVV

US$65.13

4.4%

6.0%

Saturn Oil & Gas

CA$442.6m

Engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada.

SOIL

CA$2.27

6.6%

2.3%