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CCJ

CamecoNYSE:CCJ Stock Report

Last Price

CA$21.82

Market Cap

CA$8.7b

7D

-8.5%

1Y

72.8%

Updated

19 Jan, 2022

Data

Company Financials +
CCJ fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends0/6

CCJ Stock Overview

Cameco Corporation produces and sells uranium.

Rewards

Trading at 33.2% below our estimate of its fair value

Earnings are forecast to grow 60.5% per year

Risk Analysis

No risks detected for CCJ from our risk checks.

Cameco Competitors

Exxon Mobil

NYSE:XOM

US$309.5b

ConocoPhillips

NYSE:COP

US$115.1b

BP

LSE:BP.

UK£77.3b

Vale

BOVESPA:VALE3

R$431.5b

Price History & Performance

Summary of all time highs, changes and price drops for Cameco
Historical stock prices
Current Share PriceCA$21.82
52 Week HighCA$28.49
52 Week LowCA$12.16
Beta0.76
1 Month Change5.06%
3 Month Change-16.14%
1 Year Change72.76%
3 Year Change89.74%
5 Year Change69.94%
Change since IPO141.89%

Recent News & Updates

Nov 23

Cameco Stock: High Uranium Prices Are Starting To Bite

The company closed Q3 2021 with a loss of $72 million and each $5/lb increase in uranium prices is expected to increase its Q4 loss by $3 million. Cameco is stuck in no man’s land as uranium prices don't seem high enough for the company to restart the idled McArthur River mine. Even if McArthur River is restarted immediately, investors are currently paying over $22/lb for reserves. If uranium prices reach $100/lb and stay there, Cameco’s average realized price will vary between $58/lb and $65/lb in the next four years.

Oct 19

Cameco: Get Ready For Nuclear Energy Renaissance

The global energy crisis, triggered in large part by a significant shortfall in EU intermittent energy generation this year, is leading to a change in the global energy outlook paradigm. 10 EU nations recently petitioned the EU to include nuclear energy as a green energy source due to low emissions. A lack of reliability of wind & solar power, which was recently exposed, combined with a lack of prospects for oil & gas supply growth is creating an energy void. Cameco remains well-positioned to exploit the situation for the long term, while providing a solid investment that can survive any short-term volatility that may still arise in the shorter-term.

Sep 21

Cameco Stock Continues To Be My Favorite Investment For This Decade

Five years after the uranium market ended its decade-long slide and finally stabilized, investors are starting to grow comfortable with the idea that the uranium market turned a corner. Cameco is well-positioned to continue profiting from improving uranium market fundamentals that will most likely last throughout the decade. It has ample viable reserves, a profitable business model and sustainable financial situation that can help it weather the volatile nature of the uranium industry.

Shareholder Returns

CCJUS Oil and GasUS Market
7D-8.5%0.7%-4.6%
1Y72.8%45.7%7.7%

Return vs Industry: CCJ exceeded the US Oil and Gas industry which returned 46.8% over the past year.

Return vs Market: CCJ exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is CCJ's price volatile compared to industry and market?
CCJ volatility
CCJ Average Weekly Movement7.7%
Oil and Gas Industry Average Movement7.3%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: CCJ is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CCJ's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/aTim Gitzelhttps://www.cameco.com

Cameco Corporation produces and sells uranium. It operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate.

Cameco Fundamentals Summary

How do Cameco's earnings and revenue compare to its market cap?
CCJ fundamental statistics
Market CapCA$10.86b
Earnings (TTM)-CA$33.98m
Revenue (TTM)CA$1.56b

7.0x

P/S Ratio

-319.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CCJ income statement (TTM)
RevenueCA$1.56b
Cost of RevenueCA$1.09b
Gross ProfitCA$469.45m
ExpensesCA$503.43m
Earnings-CA$33.98m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 09, 2022

Earnings per share (EPS)-0.085
Gross Margin30.08%
Net Profit Margin-2.18%
Debt/Equity Ratio20.8%

How did CCJ perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

-93%

Payout Ratio

Valuation

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

33.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCJ ($21.82) is trading below our estimate of fair value ($32.64)

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


Price To Earnings Ratio

PE vs Industry: CCJ is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CCJ's PB Ratio (2.2x) is in line with the US Oil and Gas industry average.


Future Growth

How is Cameco forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

60.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCJ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: CCJ is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CCJ's is expected to become profitable in the next 3 years.

Revenue vs Market: CCJ's revenue (5.2% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: CCJ's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCJ's Return on Equity is forecast to be low in 3 years time (3.8%).


Past Performance

How has Cameco performed over the past 5 years?

26.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCJ is currently unprofitable.

Growing Profit Margin: CCJ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CCJ is unprofitable, but has reduced losses over the past 5 years at a rate of 26.1% per year.

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

Earnings vs Industry: CCJ is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (17.4%).


Return on Equity

High ROE: CCJ has a negative Return on Equity (-0.7%), as it is currently unprofitable.


Financial Health

How is Cameco's financial position?


Financial Position Analysis

Short Term Liabilities: CCJ's short term assets (CA$2.1B) exceed its short term liabilities (CA$325.2M).

Long Term Liabilities: CCJ's short term assets (CA$2.1B) do not cover its long term liabilities (CA$2.2B).


Debt to Equity History and Analysis

Debt Level: CCJ has more cash than its total debt.

Reducing Debt: CCJ's debt to equity ratio has reduced from 27.9% to 20.8% over the 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: Whilst unprofitable CCJ has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CCJ is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 10% per year.


Dividend

What is Cameco current dividend yield, its reliability and sustainability?

0.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CCJ's dividend (0.29%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: CCJ's dividend (0.29%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: CCJ is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: CCJ is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CCJ is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CCJ's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

9.6yrs

Average management tenure


CEO

Tim Gitzel (58 yo)

11.67yrs

Tenure

CA$6,542,185

Compensation

Mr. Timothy S. Gitzel, also known as Tim, has been the Chief Executive Officer at Cameco Corporation since July 1, 2011 and has been its President since May 14, 2010. Mr. Gitzel serves as the President of...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD5.23M) is about average for companies of similar size in the US market ($USD6.41M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CCJ's management team is seasoned and experienced (9.6 years average tenure).


Board Members

Experienced Board: CCJ's board of directors are seasoned and experienced ( 11 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CCJ insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cameco Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Cameco Corporation
  • Ticker: CCJ
  • Exchange: NYSE
  • Founded: 1987
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Implied Market Cap: CA$10.860b
  • Listing Market Cap: CA$8.682b
  • Shares outstanding: 397.96m
  • Website: https://www.cameco.com

Number of Employees


Location

  • Cameco Corporation
  • 2121-11th Street West
  • Saskatoon
  • Saskatchewan
  • S7M 1J3
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:36
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.