Cameco Corporation

SWX:CCJ Stock Report

Market Cap: CHF 35.7b

Cameco Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: CCJ (CHF78.51) is trading above our estimate of future cash flow value (CHF43.22)

Significantly Below Future Cash Flow Value: CCJ is trading above our estimate of future cash flow value.

Key Valuation Metric

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

Key metric: As CCJ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CCJ. This is calculated by dividing CCJ's market cap by their current earnings.
What is CCJ's PE Ratio?
PE Ratio91.6x
EarningsCA$650.56m
Market CapCA$62.96b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CCJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17x
COALINDIA Coal India
9.3x5.45%₹2.9t
601225 Shaanxi Coal Industry
12.9x9.38%CN¥208.4b
KAP National Atomic Company Kazatomprom JSC
16.5x14.90%US$8.8t
BYAN Bayan Resources
29.1xn/aRp388.3t
CCJ Cameco
91.6x26.50%CHF 63.0b

Price-To-Earnings vs Peers: CCJ is expensive based on its Price-To-Earnings Ratio (91.6x) compared to the peer average (17x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCJ 91.6xIndustry Avg. 15.1xNo. of Companies13PE0816243240+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CCJ is expensive based on its Price-To-Earnings Ratio (91.6x) compared to the European Oil and Gas industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is CCJ'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.

CCJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio91.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CCJ's Price-To-Earnings 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?

The above table shows the analyst CCJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 78.51
CHF 101.48
+29.26%
7.55%CHF 113.32CHF 84.42n/a18
Jun ’27n/a
CHF 101.08
0%
7.99%CHF 113.68CHF 84.69n/a18
May ’27n/a
CHF 101.17
0%
8.07%CHF 114.89CHF 86.16n/a17
Apr ’27n/a
CHF 100.54
0%
7.83%CHF 116.21CHF 86.29n/a17
Mar ’27n/a
CHF 97.62
0%
7.20%CHF 104.66CHF 84.86n/a16
Feb ’27n/a
CHF 89.23
0%
10.59%CHF 104.98CHF 68.10n/a16
Jan ’27n/a
CHF 86.91
0%
7.03%CHF 95.09CHF 69.15n/a16
Dec ’26n/a
CHF 86.36
0%
7.03%CHF 94.49CHF 68.72n/a16
Nov ’26n/a
CHF 80.97
0%
13.65%CHF 100.36CHF 57.35n/a16
Oct ’26n/a
CHF 67.25
0%
8.71%CHF 76.66CHF 57.21n/a16
Sep ’26n/a
CHF 66.79
0%
6.86%CHF 76.25CHF 58.21n/a16
Aug ’26n/a
CHF 64.26
0%
8.69%CHF 76.45CHF 49.02n/a16
Jul ’26n/a
CHF 57.63
0%
7.89%CHF 64.07CHF 46.60CHF 83.2216
Jun ’26n/a
CHF 50.06
0%
6.15%CHF 55.57CHF 44.81n/a16
May ’26n/a
CHF 49.38
0%
5.12%CHF 53.93CHF 44.94n/a16
Apr ’26n/a
CHF 51.33
0%
6.12%CHF 55.60CHF 46.33n/a15
Mar ’26n/a
CHF 53.11
0%
6.71%CHF 60.47CHF 47.38n/a13
Feb ’26n/a
CHF 54.57
0%
6.19%CHF 61.01CHF 48.43n/a12
Jan ’26n/a
CHF 53.82
0%
6.31%CHF 58.83CHF 47.56n/a14
Dec ’25n/a
CHF 53.87
0%
6.06%CHF 59.27CHF 47.92n/a14
Nov ’25n/a
CHF 50.04
0%
5.37%CHF 56.87CHF 46.87n/a14
Oct ’25n/a
CHF 48.37
0%
5.05%CHF 53.19CHF 42.56n/a14
Sep ’25n/a
CHF 48.49
0%
4.74%CHF 51.53CHF 42.73n/a13
Aug ’25n/a
CHF 48.92
0%
5.16%CHF 52.90CHF 42.82n/a14
Jul ’25n/a
CHF 50.96
0%
6.49%CHF 55.15CHF 42.02n/a14
CHF 102.73
Fair Value
23.6% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/02 03:49
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cameco Corporation is covered by 39 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Michael KozakATB Cormark Historical (Cormark Securities)
Richard GarchitorenaBarclays