Ur-Energy Valuation

Q: What is the Fair Price of U9T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

U9T (€1.04) is trading below our estimate of [[fair value]] (€6.58)

Is U9T undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of U9T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: U9T (€1.04) is trading below our estimate of fair value (€6.58)

Significantly Below Fair Value: U9T is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for U9T?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for U9T. This is calculated by dividing U9T's market cap by their current preferred multiple.
What is U9T's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$423.46m

U9T 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/Revenue	22.9x
Enterprise Value/EBITDA	-8.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does U9T's PS Ratio compare to its peers?

The above table shows the PS ratio for U9T vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	3.1x
ETG EnviTec Biogas	1.1x	n/a	€466.3m
DR0 Deutsche Rohstoff	0.7x	-3.6%	€168.7m
VH2 Friedrich Vorwerk Group	1.2x	9.7%	€484.0m
URC Uranium Royalty	9.4x	n/a	CA$402.2m
U9T Ur-Energy	26.7x	41.4%	€572.4m

Price-To-Sales vs Peers: U9T is expensive based on its Price-To-Sales Ratio (26.7x) compared to the peer average (3.1x).

Price to Earnings Ratio vs Industry

How does U9T's PE Ratio compare vs other companies in the European Oil and Gas Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	1.9%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	1.9%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: U9T is expensive based on its Price-To-Sales Ratio (26.7x) compared to the European Oil and Gas industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is U9T's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

U9T PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	26.7x
Fair PS Ratio	0.001x

Price-To-Sales vs Fair Ratio: U9T is expensive based on its Price-To-Sales Ratio (26.7x) compared to the estimated Fair Price-To-Sales Ratio (0x).

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 U9T forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€1.04	€2.54 +143.9%	28.5%	€3.26	€1.81	n/a	2
Sep ’25	€1.03	€2.54 +147.4%	28.5%	€3.26	€1.81	n/a	2
Aug ’25	€1.17	€2.85 +143.3%	35.4%	€3.86	€1.84	n/a	2
Jul ’25	€1.28	€2.88 +124.7%	35.1%	€3.89	€1.87	n/a	2
Jun ’25	€1.64	€2.88 +75.4%	35.4%	€3.90	€1.86	n/a	2
May ’25	€1.61	€2.93 +82.5%	36.1%	€3.99	€1.87	n/a	2
Apr ’25	€1.50	€2.91 +93.5%	35.7%	€3.94	€1.87	n/a	2
Mar ’25	€1.49	€2.93 +96.3%	35.2%	€3.96	€1.90	n/a	2
Feb ’25	€1.81	€2.66 +47.4%	29.0%	€3.44	€1.89	n/a	2
Jan ’25	€1.34	€2.62 +95.0%	28.3%	€3.36	€1.88	n/a	2
Dec ’24	€1.45	€2.62 +80.2%	28.3%	€3.36	€1.88	n/a	2
Nov ’24	€1.56	€2.64 +69.2%	29.0%	€3.40	€1.87	n/a	2
Oct ’24	€1.55	€2.37 +53.4%	35.7%	€3.22	€1.52	n/a	2
Sep ’24	€1.19	€2.37 +98.6%	35.7%	€3.22	€1.52	€1.03	2
Aug ’24	€0.96	€2.42 +153.1%	35.0%	€3.27	€1.58	€1.17	2
Jul ’24	€0.95	€2.42 +155.2%	35.0%	€3.27	€1.58	€1.28	2
Jun ’24	€0.83	€2.41 +189.7%	35.7%	€3.27	€1.55	€1.64	2
May ’24	€0.80	€2.38 +197.9%	36.3%	€3.24	€1.51	€1.61	2
Apr ’24	€0.88	€2.55 +188.6%	40.4%	€3.58	€1.52	€1.50	2
Mar ’24	€1.00	€2.62 +162.9%	39.7%	€3.66	€1.58	€1.49	2
Feb ’24	€1.18	€2.53 +114.5%	39.3%	€3.52	€1.54	€1.81	2
Jan ’24	€1.05	€2.59 +146.3%	40.0%	€3.62	€1.55	€1.34	2
Dec ’23	€1.25	€2.77 +122.0%	42.3%	€3.95	€1.60	€1.45	2
Nov ’23	€1.32	€2.90 +119.5%	42.4%	€4.12	€1.67	€1.56	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.