enCore Energy Future Growth

Future criteria checks 5/6

enCore Energy is forecast to grow earnings and revenue by 60.6% and 42.4% per annum respectively while EPS is expected to grow by 61.7% per annum.

Key information

60.6%

Earnings growth rate

61.7%

EPS growth rate

Oil and Gas earnings growth	6.2%
Revenue growth rate	42.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	04 Nov 2024

Recent future growth updates

Recent updates

Does enCore Energy (CVE:EU) Have A Healthy Balance Sheet?

Sep 24

We Think enCore Energy (CVE:EU) Has A Fair Chunk Of Debt

Sep 15

Earnings and Revenue Growth Forecasts

TSXV:EU - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	175	64	21	78	3
12/31/2025	106	22	9	32	4
12/31/2024	57	-19	-29	7	5
6/30/2024	36	-21	-19	-46	N/A
3/31/2024	30	-20	19	-14	N/A
12/31/2023	N/A	-22	4	22	N/A
9/30/2023	N/A	-11	-87	-17	N/A
6/30/2023	N/A	-26	-91	-23	N/A
3/31/2023	N/A	-20	-92	-27	N/A
12/31/2022	N/A	-17	-80	-69	N/A
9/30/2022	N/A	-13	-25	-16	N/A
6/30/2022	N/A	-10	-19	-12	N/A
3/31/2022	N/A	-10	-14	-10	N/A
12/31/2021	N/A	-9	-7	-4	N/A
9/30/2021	N/A	-8	-7	-5	N/A
6/30/2021	N/A	-5	-5	-4	N/A
3/31/2021	N/A	-4	-4	-3	N/A
12/31/2020	N/A	-2	-1	-1	N/A
9/30/2020	N/A	-1	-1	-1	N/A
6/30/2020	N/A	-1	-1	-1	N/A
3/31/2020	N/A	-1	-1	-1	N/A
12/31/2019	N/A	-1	-1	-1	N/A
9/30/2019	N/A	-1	-1	0	N/A
6/30/2019	N/A	-1	-1	0	N/A
3/31/2019	N/A	0	-1	0	N/A
12/31/2018	N/A	0	0	0	N/A
9/30/2018	N/A	0	0	0	N/A
6/30/2018	N/A	0	0	0	N/A
3/31/2018	N/A	0	N/A	0	N/A
12/31/2017	N/A	0	N/A	0	N/A
9/30/2017	N/A	0	N/A	0	N/A
6/30/2017	N/A	0	N/A	0	N/A
3/31/2017	N/A	0	N/A	0	N/A
12/31/2016	N/A	0	N/A	0	N/A
9/30/2016	N/A	0	N/A	0	N/A
6/30/2016	N/A	0	N/A	0	N/A
3/31/2016	N/A	0	N/A	0	N/A
12/31/2015	N/A	0	N/A	0	N/A
9/30/2015	N/A	0	N/A	0	N/A
6/30/2015	N/A	0	N/A	-1	N/A
3/31/2015	N/A	-2	N/A	-1	N/A
12/31/2014	N/A	-5	N/A	-1	N/A
9/30/2014	N/A	-6	N/A	-1	N/A
6/30/2014	N/A	-7	N/A	-1	N/A
3/31/2014	N/A	-7	N/A	-1	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: EU is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: EU is expected to become profitable in the next 3 years.

Revenue vs Market: EU's revenue (42.4% per year) is forecast to grow faster than the Canadian market (6.9% per year).

High Growth Revenue: EU's revenue (42.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

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

enCore Energy Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Forecast breakeven date moved forward to 2024

Forecast to breakeven in 2025

Price target increased by 9.4% to CA$7.39

Price target increased by 12% to CA$7.17

Price target increased by 8.2% to CA$6.58

Price target increased by 9.4% to CA$6.42

Recent updates

Less than half of directors are independent

enCore Energy Corp. Announces Board Changes

IsoEnergy Ltd. (TSX:ISO) entered into an agreement to acquire Anfield Energy Inc. (TSXV:AEC) from Mega Uranium Ltd. (TSX:MGA), enCore Energy Corp. (TSXV:EU), NexGen Energy Ltd. (TSX:NXE) and others for CAD 110 million.

Does enCore Energy (CVE:EU) Have A Healthy Balance Sheet?

Forecast breakeven date moved forward to 2024

Executive Chairman recently sold CA$96k worth of stock

Forecast to breakeven in 2025

Premier American Uranium Inc. (TSXV:PUR) completed the acquisition of American Future Fuel Corporation (OTCPK:AFFC.F) from enCore Energy Corp. (TSXV:EU) and others.

enCore Energy Corp., Annual General Meeting, Aug 28, 2024

Independent Director recently sold CA$640k worth of stock

Executive Chairman exercised options to buy CA$3.1m worth of stock.

Executive Chairman recently sold CA$287k worth of stock

enCore Energy Corp. Appoints Kristi Caplan as Corporate Secretary

Less than half of directors are independent

enCore Energy Corp. has completed a Follow-on Equity Offering in the amount of $102.280697 million.

Boss Energy Limited (ASX:BOE) completed the acquisition of 30% ownership interest in Alta Mesa project of enCore .

enCore Energy Corp. announced that it has received $10.000002 million in funding from Boss Energy Limited

enCore Energy Corp. Appoints Shona Wilson as Chief Financial Officer

Price target increased by 9.4% to CA$7.39

Encore Energy Corp. Announces Appointment of Robert Willette as Chief Legal Officer

enCore Energy Corp. Provides Update on South Texas Uranium Operations

Independent Director recently sold CA$231k worth of stock

enCore Energy Corp. Announces Chief Financial Officer Changes, Effective December 23, 2023

Price target increased by 12% to CA$7.17

Price target increased by 8.2% to CA$6.58

Boss Energy Limited (ASX:BOE) entered into an agreement to acquire Alta Mesa project of enCore for $60 million.

enCore Energy Corp. Commences Uranium Production At the South Texas Rosita ISR Uranium Central Processing Plant

New major risk - Shareholder dilution

enCore Energy Corp. Provides Update on South Texas Alta Mesa In-Situ Recovery Uranium Central Processing Plant and Wellfield

Executive Chairman exercised options to buy CA$156k worth of stock.

Price target increased by 9.4% to CA$6.42

Executive Chairman exercised options to buy CA$145k worth of stock.

enCore Energy Corp. Provides Update on the Rosita & Alta Mesa ISR Uranium Central Processing Plants

Chief Technical Officer & Director recently sold CA$94k worth of stock

We Think enCore Energy (CVE:EU) Has A Fair Chunk Of Debt

enCore Energy Corp. Provides Update on the South Texas Alta Mesa ISR Uranium Central Processing Plant and Wellfield

New major risk - Financial position

enCore Energy Corp. Appoints Dain McCoighas as Director of Technical Services

Anfield Energy Inc. (TSXV:AEC) entered into a definitive share purchase agreement to acquire Neutron Energy, Inc. from enCore Energy Corp. (TSXV:EU) for CAD 16.1 million.

Anfield Energy Inc. (TSXV:AEC) has entered into a definitive share purchase agreement to acquire Neutron Energy, Inc. from enCore Energy Corp. (TSXV:EU) for CAD 16.1 million.

CEO & Director recently bought CA$67k worth of stock

enCore Energy Corp. Provides Alta Mesa ISR Uranium Central Processing Plant Update and New Discovery

enCore Energy Corp. has completed a Composite Units Offering in the amount of CAD 30.00075 million.

enCore Energy Corp. has completed a Composite Units Offering in the amount of CAD 30.00075 million.

enCore Energy Corp. announced that it has received CAD 69.831 million in funding

Price target decreased to CA$7.60

Less than half of directors are independent

enCore Energy Corp. announced that it expects to receive CAD 60 million in funding

Nuclear Fuels Inc. entered into agreement to acquire Belt Line Resources, Inc.

Encore Energy Completes Rosita Central Processing Plant Refurbishment

Encore Energy Completes Baseline Wells Installation and Begins Drilling of Injection and Recovery Wells At Rosita Extension

Less than half of directors are independent

enCore Energy Corp. Achieves Key Milestone with the Installation of Rosita Extension Production Area Monitoring Wells

enCore Energy Corp. Announces Continuing Positive Results from Its Uranium Delineation Drilling Programs At Its 100% Owned Rosita Project in South Texas

enCore Energy Corp. Appoints Gregory Zerzan as Chief Administrative Officer and General Counsel

Less than half of directors are independent

Encore Energy's Board Approves Nathan Tewalt's Resignation from the Board of Directors

enCore Energy Corp Appoints Susan Hoxie-Key as the Newest Member of Its Board of Directors

Future Fuel Corporation (OTCPK:EVOG.F) acquired Ceboletta Project from enCore Energy Corp. (TSXV:EU).

enCore Energy Corp. Appoints Peter Luthiger as Chief Operating Officer

enCore Energy Corp., Annual General Meeting, Jun 22, 2022

Encore Energy Corp. Discovers Stacked Multiple Uranium Bearing Sandstones and Extends Mineralization At Rosita South Project, Texas

enCore Energy Corp. Receives Uranium Production License for Dewey Burdock, South Dakota

enCore Energy Corp. (TSXV:EU) completed the acquisition of Azarga Uranium Corp. (TSX:AZZ) from AK Jensen Investment Management Limited, Officers and Directors of Azarga and others.

enCore Energy Advances Development at the South Texas Rosita Uranium Processing Plant

Chief Technical Officer & Director recently sold CA$195k worth of stock

Independent Director recently sold CA$53k worth of stock

enCore Energy Corp. (TSXV:EU) entered into a definitive arrangement agreement to acquire Azarga Uranium Corp. (TSX:AZZ) from Officers and Directors of Azarga and others for approximately CAD 170 million.

enCore Energy Corp. Announces Positive Preliminary Economic Assessment (PEA) Results and Combined, N.I. 43-101 Technical Report for its Juan Tafoya-Marquez Project, New Mexico