TSXV:EU

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

enCore Energy Corp., together with its subsidiaries, engages in the acquisition and exploration of resource properties in the United States. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: EU is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: EU's weekly volatility (14%) has been stable over the past year.


Market Performance


7 Day Return

-11.1%

EU

-7.3%

CA Metals and Mining

-3.3%

CA Market


1 Year Return

528.6%

EU

26.9%

CA Metals and Mining

-0.4%

CA Market

Return vs Industry: EU exceeded the Canadian Metals and Mining industry which returned 34.4% over the past year.

Return vs Market: EU exceeded the Canadian Market which returned 1.6% over the past year.


Shareholder returns

EUIndustryMarket
7 Day-11.1%-7.3%-3.3%
30 Day7.3%-6.6%0.2%
90 Day131.6%-4.3%14.2%
1 Year528.6%528.6%28.0%26.9%3.3%-0.4%
3 Year1,660.0%1,660.0%35.6%32.7%13.7%2.8%
5 Year3,420.0%3,420.0%135.1%127.6%59.6%35.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

14.6x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate EU's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate EU's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: EU is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EU is overvalued based on its PB Ratio (14.6x) compared to the CA Metals and Mining industry average (2.9x).


Next Steps

Future Growth

How is enCore Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

0.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: Insufficient data to determine if EU's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if EU's revenue 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


Next Steps

Past Performance

How has enCore Energy performed over the past 5 years?

-51.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EU is currently unprofitable.

Growing Profit Margin: EU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EU is unprofitable, and losses have increased over the past 5 years at a rate of 51.5% per year.

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

Earnings vs Industry: EU is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (78.3%).


Return on Equity

High ROE: EU has a negative Return on Equity (-13.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is enCore Energy's financial position?


Financial Position Analysis

Short Term Liabilities: EU's short term assets (CA$4.0M) exceed its short term liabilities (CA$78.4K).

Long Term Liabilities: EU has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: EU is debt free.

Reducing Debt: EU has not had any debt for past 5 years.


Balance Sheet


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: EU has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: EU has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 1% each year


Next Steps

Dividend

What is enCore Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if EU'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 EU's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

William Goranson (58 yo)

0.25

Tenure

CA$1,713

Compensation

Mr. William Paul Goranson, P.E., BSc, MSc, serves as Chief Executive Officer at enCore Energy Corp. since October 1, 2020 and serves as its Director since September 14, 2020. Mr. Goranson had been Chief Op...


Leadership Team

NamePositionTenureCompensationOwnership
William Sheriff
Executive Chairman12yrsCA$52.78k3.37%
CA$ 5.3m
William Goranson
CEO & Director0.25yrCA$1.71k0.16%
CA$ 253.9k
Scott Davis
Chief Financial Officer0.83yrCA$36.05kno data
Dennis Stover
Chief Technical Officer & Director8.92yrsCA$80.39k0.52%
CA$ 814.0k
Jordan Butler
Executive Vice President1.58yrsno datano data
Douglas Underhill
Chief Geologist6yrsno datano data
Nancy La Couvée
Corporate Secretary9.83yrsno datano data
David Hembree
Executive Officerno datano datano data
Leslie Olmstead
Executive Officerno datano datano data
Mark Beaman
Executive Officerno datano datano data
Thomas Chadwick
Consultantno datano datano data
Richard Rukavina
Consultantno datano datano data

1.6yrs

Average Tenure

61yo

Average Age

Experienced Management: EU's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
William Sheriff
Executive Chairman12yrsCA$52.78k3.37%
CA$ 5.3m
William Goranson
CEO & Director0.25yrCA$1.71k0.16%
CA$ 253.9k
Dennis Stover
Chief Technical Officer & Director8.92yrsCA$80.39k0.52%
CA$ 814.0k
Mark Pelizza
Independent Director6.08yrsCA$1.66k0.24%
CA$ 369.6k
Eugene Spiering
Member of Advisory Board1.5yrsno datano data
Nathan Tewalt
Independent Director7.67yrsCA$1.66k0.63%
CA$ 985.6k
Joseph Harrington
Member of Advisory Boardno datano datano data
William Harris
Independent Director11.25yrsCA$2.07k0.28%
CA$ 442.9k
Richard Cherry
Independent Director6.08yrsCA$2.07k0.12%
CA$ 193.6k

6.9yrs

Average Tenure

67yo

Average Age

Experienced Board: EU's board of directors are considered experienced (6.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: EU insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23%.


Top Shareholders

Company Information

enCore Energy Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: enCore Energy Corp.
  • Ticker: EU
  • Exchange: TSXV
  • Founded: 2009
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: CA$156.610m
  • Shares outstanding: 177.97m
  • Website: https://encoreenergycorp.com

Location

  • enCore Energy Corp.
  • 200 Burrard Street
  • Suite 250
  • Vancouver
  • British Columbia
  • V6C 3L6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6TUWDB (Deutsche Boerse AG)YesNew Common SharesDEEURMay 2013
EUTSXV (TSX Venture Exchange)YesNew Common SharesCACADMay 2013
ENCU.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDMay 2013

Biography

enCore Energy Corp., together with its subsidiaries, engages in the acquisition and exploration of resource properties in the United States. It holds a 100% interest in approximately 115,000 acres of priva...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/27 23:15
End of Day Share Price2021/01/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.