enCore Energy Corp.

NasdaqCM:EU Stock Report

Market Cap: US$566.0m

enCore Energy Valuation

Is EU 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 Future Cash Flow Value

What is the Fair Price of EU 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 Fair Value: EU ($3.07) is trading below our estimate of fair value ($32.35)

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

Key Valuation Metric

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

Key metric: As EU is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for EU. This is calculated by dividing EU's market cap by their current revenue.
What is EU's PS Ratio?
PS Ratio13x
SalesUS$44.14m
Market CapUS$565.97m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for EU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.5x
NC NACCO Industries
1.2xn/aUS$343.6m
NRP Natural Resource Partners
7.1xn/aUS$1.5b
ARLP Alliance Resource Partners
1.4x3.36%US$3.1b
LEU Centrus Energy
12.3x11.09%US$5.6b
EU enCore Energy
13x31.28%US$786.6m

Price-To-Sales vs Peers: EU is expensive based on its Price-To-Sales Ratio (13x) compared to the peer average (5.5x).

Historical Price to Sales Ratio

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

Fetching historical data

Price to Sales Ratio vs Industry

How does EU's PS Ratio compare vs other companies in the US Oil and Gas Industry?

41 CompaniesPrice / SalesEstimated GrowthMarket Cap
MPC Marathon Petroleum
0.4x-0.48%US$54.44b
PAA Plains All American Pipeline
0.3x0.57%US$13.45b
DINO HF Sinclair
0.3x1.37%US$9.30b
PAGP Plains GP Holdings
0.09x2.33%US$4.72b
EU 13.0xIndustry Avg. 1.5xNo. of Companies41PS01.63.24.86.48+
41 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: EU is expensive based on its Price-To-Sales Ratio (13x) compared to the US Oil and Gas industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is EU'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.

EU PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio13x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: EU is expensive based on its Price-To-Sales Ratio (13x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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 EU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$3.07
US$3.21
+4.64%
9.07%US$3.57US$2.86n/a3
Jan ’27US$2.48
US$3.21
+29.53%
9.07%US$3.57US$2.86n/a3
Dec ’26US$2.65
US$3.21
+21.22%
9.07%US$3.57US$2.86n/a3
Nov ’26US$3.09
US$3.25
+5.05%
9.07%US$3.61US$2.89n/a3
Oct ’26US$3.18
US$3.25
+2.08%
9.07%US$3.61US$2.89n/a3
Sep ’26US$2.38
US$3.25
+36.39%
9.07%US$3.61US$2.89n/a3
Aug ’26US$2.54
US$2.97
+17.03%
23.62%US$3.64US$2.00n/a3
Jul ’26US$2.76
US$2.99
+8.51%
23.62%US$3.67US$2.02n/a3
Jun ’26US$2.01
US$3.08
+53.12%
21.61%US$3.62US$1.99n/a4
May ’26US$1.55
US$3.07
+98.34%
21.61%US$3.62US$1.99n/a4
Apr ’26US$1.33
US$3.49
+162.11%
27.61%US$4.36US$1.92n/a4
Mar ’26US$2.52
US$5.33
+111.34%
18.18%US$6.98US$4.54n/a4
Feb ’26US$3.31
US$5.47
+65.25%
15.79%US$6.95US$4.86n/a4
Jan ’26US$3.41
US$5.73
+68.01%
15.31%US$7.16US$5.01US$2.484
Dec ’25US$3.78
US$5.73
+51.56%
15.31%US$7.16US$5.01US$2.654
Nov ’25US$3.80
US$5.96
+56.94%
15.31%US$7.34US$5.14US$3.094
Oct ’25US$4.10
US$6.02
+46.72%
15.31%US$7.40US$5.18US$3.184
Sep ’25US$3.64
US$5.82
+60.01%
15.31%US$7.28US$5.10US$2.384
Aug ’25US$3.63
US$5.96
+64.10%
14.02%US$7.33US$5.13US$2.544
Jul ’25US$3.98
US$6.08
+52.83%
11.91%US$7.32US$5.49US$2.764
Jun ’25US$4.85
US$6.08
+25.41%
11.91%US$7.32US$5.49US$2.014
May ’25US$4.75
US$6.26
+31.88%
11.73%US$7.30US$5.66US$1.553
Apr ’25US$4.50
US$6.08
+35.09%
15.45%US$7.37US$5.16US$1.333
Mar ’25US$3.99
US$5.82
+45.88%
19.73%US$7.43US$4.83US$2.523
Feb ’25US$4.84
US$5.35
+10.59%
8.70%US$5.98US$4.85US$3.313
Jan ’25US$3.93
US$5.35
+36.04%
8.70%US$5.97US$4.85US$3.413
US$3.24
Fair Value
5.3% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/15 13:44
End of Day Share Price 2026/01/15 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

enCore Energy Corp. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew KeyB. Riley Securities, Inc.
Nicholas GilesB. Riley Securities, Inc.
Lucas PipesB. Riley Securities, Inc.