Cameco Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CCO (CA$65.26) is trading above our estimate of fair value (CA$62.76)

Significantly Below Fair Value: CCO is trading above our estimate of fair value.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CCO 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/Revenue11.8x
Enterprise Value/EBITDA59.5x
PEG Ratio4.9x

Price to Earnings Ratio vs Peers

How does CCO's PE Ratio compare to its peers?

The above table shows the PE ratio for CCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.1x
NXE NexGen Energy
97.1x-34.6%CA$5.1b
PPL Pembina Pipeline
17.9x6.6%CA$30.4b
TOU Tourmaline Oil
12.4x23.9%CA$21.6b
DML Denison Mines
33.2x24.8%CA$2.4b
CCO Cameco
120.9x24.9%CA$28.5b

Price-To-Earnings vs Peers: CCO is expensive based on its Price-To-Earnings Ratio (120.9x) compared to the peer average (40.1x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: CCO is expensive based on its Price-To-Earnings Ratio (120.9x) compared to the Canadian Oil and Gas industry average (11.6x).


Price to Earnings Ratio vs Fair Ratio

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

CCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio120.9x
Fair PE Ratio18.1x

Price-To-Earnings vs Fair Ratio: CCO is expensive based on its Price-To-Earnings Ratio (120.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.1x).


Analyst Price Targets

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

The above table shows the analyst CCO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$65.26
CA$77.67
+19.0%
7.0%CA$85.00CA$64.00n/a13
Jul ’25CA$67.31
CA$77.62
+15.3%
6.5%CA$84.00CA$64.00n/a14
Jun ’25CA$75.63
CA$76.19
+0.7%
6.0%CA$83.00CA$64.00n/a14
May ’25CA$64.56
CA$75.12
+16.4%
5.9%CA$80.00CA$64.00n/a14
Apr ’25CA$63.42
CA$73.51
+15.9%
4.9%CA$80.00CA$65.00n/a14
Mar ’25CA$56.91
CA$73.32
+28.8%
5.1%CA$80.00CA$65.00n/a13
Feb ’25CA$67.67
CA$71.65
+5.9%
5.6%CA$80.00CA$64.50n/a13
Jan ’25CA$57.13
CA$70.04
+22.6%
3.9%CA$75.00CA$64.50n/a12
Dec ’24CA$61.27
CA$68.79
+12.3%
3.7%CA$75.00CA$64.00n/a12
Nov ’24CA$56.88
CA$65.67
+15.4%
6.3%CA$70.00CA$57.00n/a9
Oct ’24CA$53.89
CA$58.78
+9.1%
9.8%CA$70.00CA$52.00n/a9
Sep ’24CA$50.80
CA$51.72
+1.8%
3.6%CA$55.00CA$49.00n/a9
Aug ’24CA$45.88
CA$49.33
+7.5%
2.5%CA$51.00CA$48.00n/a9
Jul ’24CA$41.49
CA$49.00
+18.1%
3.2%CA$51.00CA$46.00CA$67.319
Jun ’24CA$40.76
CA$49.11
+20.5%
3.2%CA$51.00CA$46.00CA$75.639
May ’24CA$37.58
CA$49.11
+30.7%
3.2%CA$51.00CA$46.00CA$64.569
Apr ’24CA$35.39
CA$48.06
+35.8%
2.1%CA$50.00CA$46.00CA$63.429
Mar ’24CA$37.95
CA$48.06
+26.6%
2.1%CA$50.00CA$46.00CA$56.919
Feb ’24CA$38.11
CA$44.33
+16.3%
5.6%CA$48.00CA$41.00CA$67.679
Jan ’24CA$30.69
CA$44.10
+43.7%
5.4%CA$48.00CA$41.00CA$57.1310
Dec ’23CA$31.92
CA$44.10
+38.2%
5.4%CA$48.00CA$41.00CA$61.2710
Nov ’23CA$32.21
CA$43.60
+35.4%
5.1%CA$48.00CA$41.00CA$56.8810
Oct ’23CA$36.66
CA$44.08
+20.2%
5.6%CA$48.00CA$38.00CA$53.8912
Sep ’23CA$37.56
CA$44.08
+17.4%
5.6%CA$48.00CA$38.00CA$50.8012
Aug ’23CA$32.98
CA$44.08
+33.7%
5.6%CA$48.00CA$38.00CA$45.8812
Jul ’23CA$27.06
CA$45.33
+67.5%
4.5%CA$48.00CA$42.00CA$41.4912

Analyst Forecast: Target price is less than 20% higher than the current share price.


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