TSX:URE

Stock Analysis Report

Executive Summary

Ur-Energy Inc. engages in the acquisition, exploration, development, and operation of uranium mineral properties.

Snowflake

Fundamentals

Mediocre balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Ur-Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.4%

URE

0.4%

CA Oil and Gas

-0.1%

CA Market


1 Year Return

-12.9%

URE

-12.5%

CA Oil and Gas

0.9%

CA Market

Return vs Industry: URE matched the Canadian Oil and Gas industry which returned -12.5% over the past year.

Return vs Market: URE underperformed the Canadian Market which returned 0.9% over the past year.


Shareholder returns

UREIndustryMarket
7 Day-2.4%0.4%-0.1%
30 Day1.3%-2.7%-2.1%
90 Day-4.7%-4.4%-1.6%
1 Year-12.9%-12.9%-8.6%-12.5%4.4%0.9%
3 Year28.6%28.6%-14.8%-23.4%15.5%5.2%
5 Year-12.9%-12.9%-22.2%-34.0%25.7%7.5%

Price Volatility Vs. Market

How volatile is Ur-Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ur-Energy undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: URE (CA$0.81) is trading below our estimate of fair value (CA$3.32)

Significantly Undervalued: URE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: URE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: URE is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate URE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: URE is overvalued based on its PB Ratio (2.1x) compared to the CA Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Ur-Energy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

116.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: URE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: URE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: URE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: URE's revenue (23.8% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: URE's revenue (23.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if URE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Ur-Energy performed over the past 5 years?

41.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: URE is unprofitable, but has reduced losses over the past 5 years at a rate of 41.2% per year.

Accelerating Growth: Unable to compare URE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: URE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (62.2%).


Return on Equity

High ROE: URE has a negative Return on Equity (-23.5%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: URE is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: URE is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Ur-Energy's financial position?


Financial Position Analysis

Short Term Liabilities: URE's short term assets ($14.7M) exceeds its short term liabilities ($7.7M)

Long Term Liabilities: URE's short term assets (14.7M) do not cover its long term liabilities (39.4M)


Debt to Equity History and Analysis

Debt Level: URE's debt to equity ratio (26.5%) is considered satisfactory

Reducing Debt: URE's debt to equity ratio has reduced from 106.9% to 26.5% over the past 5 years.


Balance Sheet

Inventory Level: URE has a high level of physical assets or inventory.

Debt Coverage by Assets: URE's debt is covered by short term assets (assets are 1.208920x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if URE has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if URE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Ur-Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage4.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate URE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate URE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if URE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if URE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of URE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Ur-Energy's salary, the management and board of directors tenure and is there insider trading?

8.4yrs

Average management tenure


CEO

Jeff Klenda (62yo)

4.4yrs

Tenure

US$574,114

Compensation

Mr. Jeffrey T. Klenda, also known as Jeff, BA, CFP, co-founded Ur-Energy Inc. in 2004 and has been its Chief Executive Officer and President since December 19, 2016. Mr. Klenda served as the Acting Chief E ...


CEO Compensation Analysis

Compensation vs. Market: Jeff's total compensation ($USD574.11K) is about average for companies of similar size in the Canadian market ($USD121.34K).

Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

8.4yrs

Average Tenure

59yo

Average Age

Experienced Management: URE's management team is seasoned and experienced (8.4 years average tenure).


Board Age and Tenure

4.8yrs

Average Tenure

67yo

Average Age

Experienced Board: URE's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$45,85024 Jun 19
James Franklin
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares50,000
Max PriceUS$0.92
SellUS$60,50021 Jun 19
James Franklin
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares50,000
Max PriceUS$1.21
SellUS$54,13303 Jun 19
James Franklin
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares50,000
Max PriceUS$1.08

Ownership Breakdown


Management Team

  • Roger Smith (61yo)

    CFO & Chief Administrative Officer

    • Tenure: 12.4yrs
    • Compensation: US$450.55k
  • Jeff Klenda (62yo)

    Chairman

    • Tenure: 4.4yrs
    • Compensation: US$574.11k
  • Jim Bonner (72yo)

    Vice President of Geology

    • Tenure: 5.6yrs
  • Penne Goplerud (57yo)

    General Counsel & Corporate Secretary

    • Tenure: 8.4yrs
    • Compensation: US$407.03k
  • Steve Hatten (55yo)

    Vice President of Operations

    • Tenure: 8.4yrs
    • Compensation: US$354.35k
  • John Cash (46yo)

    Vice President of Regulatory Affairs

    • Tenure: 8.4yrs
    • Compensation: US$339.87k

Board Members

  • Gary Huber (67yo)

    Non-Executive Director

    • Tenure: 4.4yrs
    • Compensation: US$87.04k
  • Kathy Walker (60yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: US$83.54k
  • Jim Franklin (76yo)

    Non-Executive Director

    • Tenure: 15.6yrs
    • Compensation: US$86.54k
  • Jeff Klenda (62yo)

    Chairman

    • Tenure: 4.4yrs
    • Compensation: US$574.11k
  • Bill Boberg (79yo)

    Non-Executive Director

    • Tenure: 13.8yrs
    • Compensation: US$84.04k
  • Thomas Parker (76yo)

    Lead Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$87.54k
  • Robby, Rob Chang (41yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$131.19k

Company Information

Ur-Energy Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ur-Energy Inc.
  • Ticker: URE
  • Exchange: TSX
  • Founded: 2004
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: CA$129.558m
  • Shares outstanding: 159.95m
  • Website: https://www.ur-energy.com

Number of Employees


Location

  • Ur-Energy Inc.
  • 10758 West Centennial Road
  • Suite 200
  • Littleton
  • Colorado
  • 80127
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
URETSX (The Toronto Stock Exchange)YesCommon SharesCACADNov 2005
U9TDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2005
URGAMEX (NYSE MKT LLC)YesCommon SharesUSUSDNov 2005

Biography

Ur-Energy Inc. engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 13 projects located in the United States. Its flagship prope ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:54
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.