Yellow Cake (AIM:YCA) - Share price, News & Analysis

YCA fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

YCA Stock Overview

Yellow Cake plc, a specialist company, operates in the uranium sector.

Rewards

Price-To-Earnings ratio (4.3x) is below the UK market (14.3x)

Earnings are forecast to grow 40.72% per year

Earnings grew by 375.2% over the past year

Risk Analysis

High level of non-cash earnings

Latest financial reports are more than 6 months old

Shareholders have been diluted in the past year

Yellow Cake Competitors

LSE:VP.

UK£336.6m

James Latham

AIM:LTHM

UK£266.9m

Andrews Sykes Group

AIM:ASY

UK£215.1m

Speedy Hire

LSE:SDY

UK£219.5m

Price History & Performance

Summary of all time highs, changes and price drops for Yellow Cake
Historical stock prices
Current Share Price	UK£3.43
52 Week High	UK£4.87
52 Week Low	UK£2.43
Beta	0.36
1 Month Change	-9.16%
3 Month Change	-15.31%
1 Year Change	28.22%
3 Year Change	66.10%
5 Year Change	n/a
Change since IPO	68.14%

Recent News & Updates

Jun 09

Yellow Cake (LON:YCA) Is Investing Its Capital With Increasing Efficiency

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...

Shareholder Returns

	YCA	GB Trade Distributors	GB Market
7D	-0.2%	4.2%	2.2%
1Y	28.2%	-19.1%	-6.8%

Return vs Industry: YCA exceeded the UK Trade Distributors industry which returned -18.5% over the past year.

Return vs Market: YCA exceeded the UK Market which returned -7.3% over the past year.

Price Volatility

Is YCA's price volatile compared to industry and market?
YCA volatility
YCA Average Weekly Movement	6.5%
Trade Distributors Industry Average Movement	5.0%
Market Average Movement	5.5%
10% most volatile stocks in GB Market	10.7%
10% least volatile stocks in GB Market	2.8%

Stable Share Price: YCA is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: YCA's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2018	2	Andre Liebenberg	https://www.yellowcakeplc.com

Yellow Cake plc, a specialist company, operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. The company was incorporated in 2018 and is headquartered in Saint Helier, Jersey.

Yellow Cake Fundamentals Summary

How do Yellow Cake's earnings and revenue compare to its market cap?
YCA fundamental statistics
Market Cap	US$765.49m
Earnings (TTM)	US$177.30m
Revenue (TTM)	US$183.24m

4.3x

P/E Ratio

4.2x

P/S Ratio

Is YCA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
YCA income statement (TTM)
Revenue	US$183.24m
Cost of Revenue	US$0
Gross Profit	US$183.24m
Other Expenses	US$5.95m
Earnings	US$177.30m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.97
Gross Margin	100.00%
Net Profit Margin	96.76%
Debt/Equity Ratio	0.0%

How did YCA perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for YCA. This is calculated by dividing YCA's market cap by their current preferred multiple.
What is YCA's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$765.49m

YCA 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	3.7x
Enterprise Value/EBITDA	n/a
PEG Ratio	0.1x

Price to Earnings Ratio vs Peers

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

YCA PE Ratio vs Peers

The above table shows the PE ratio for YCA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	11.2x
VP. Vp	13.2x	8.1%	UK£336.6m
LTHM James Latham	7.3x	n/a	UK£266.9m
ASY Andrews Sykes Group	13.8x	n/a	UK£215.1m
SDY Speedy Hire	10.3x	9.3%	UK£219.5m
YCA Yellow Cake	4.3x	40.7%	UK£628.0m

Forward PE

Price-To-Earnings vs Peers: YCA is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (11.2x).

Price to Earnings Ratio vs Industry

How does YCA's PE Ratio compare vs other companies in the European Trade Distributors Industry?

Price-To-Earnings vs Industry: YCA is good value based on its Price-To-Earnings Ratio (4.3x) compared to the UK Trade Distributors industry average (13.3x)

Price to Earnings Ratio vs Fair Ratio

What is YCA'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.

YCA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.3x
Fair PE Ratio	41.8x

Price-To-Earnings vs Fair Ratio: YCA is good value based on its Price-To-Earnings Ratio (4.3x) compared to the estimated Fair Price-To-Earnings Ratio (41.8x).

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate YCA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate YCA's fair value for valuation analysis.

Price to Earnings Growth Ratio

PEG Ratio: YCA is good value based on its PEG Ratio (0.1x)

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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

40.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: YCA's forecast earnings growth (40.7% per year) is above the savings rate (0.9%).

Earnings vs Market: YCA's earnings (40.7% per year) are forecast to grow faster than the UK market (11% per year).

High Growth Earnings: YCA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: YCA is forecast to have no revenue next year.

High Growth Revenue: YCA is forecast to have no revenue next year.

Earnings per Share Growth Forecasts

Future Return on Equity

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

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Past Performance

How has Yellow Cake performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

375.2%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: YCA has a high level of non-cash earnings.

Growing Profit Margin: YCA's current net profit margins (96.8%) are higher than last year (92.3%).

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if YCA's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare YCA's past year earnings growth to its 5-year average.

Earnings vs Industry: YCA earnings growth over the past year (375.2%) exceeded the Trade Distributors industry 80%.

Return on Equity

High ROE: YCA's Return on Equity (26.3%) is considered high.

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Financial Health

How is Yellow Cake's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: YCA's short term assets ($87.5M) exceed its short term liabilities ($8.1M).

Long Term Liabilities: YCA has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: YCA is debt free.

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

Debt Coverage: YCA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: YCA has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is Yellow Cake current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate YCA'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 YCA's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as YCA has not reported any payouts.

Discover strong dividend paying companies

Management

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

4.0yrs

Average board tenure

CEO

Andre Liebenberg (59 yo)

no data

Tenure

US$281,000

Compensation

Mr. Andre Leon Liebenberg serves as Director of Integris Metals, Inc. He is CEO & Executive Director of Yellow Cake plc from June 01, 2018. He was Independent Non-Executive Director of Danakali Limited fro...

CEO Compensation Analysis

Compensation vs Market: Andre's total compensation ($USD281.00K) is below average for companies of similar size in the UK market ($USD1.35M).

Compensation vs Earnings: Andre's compensation has increased by more than 20% in the past year.

Board Members

Experienced Board: YCA's board of directors are considered experienced (4 years average tenure).

Ownership

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

Insider Trading Volume

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.2%.

Data	Last Updated (UTC time)
Company Analysis	2022/06/28 00:00
End of Day Share Price	2022/06/28 00:00
Earnings	2021/09/30
Annual Earnings	2021/03/31