Ur-Energy Inc.

NYSEAM:URG Stock Report

Market Cap: US$487.1m

Ur-Energy Valuation

Is URG 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 URG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: URG ($1.33) is trading below our estimate of fair value ($7.24)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for URG. This is calculated by dividing URG's market cap by their current revenue.
What is URG's PS Ratio?
PS Ratio29.5x
SalesUS$16.49m
Market CapUS$487.12m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for URG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.8x
HNRG Hallador Energy
1.3x20.2%US$568.5m
NC NACCO Industries
1.1xn/aUS$236.4m
LEU Centrus Energy
3.6x4.7%US$1.4b
NRP Natural Resource Partners
5.4xn/aUS$1.4b
URG Ur-Energy
29.5x43.4%US$680.9m

Price-To-Sales vs Peers: URG is expensive based on its Price-To-Sales Ratio (29.5x) compared to the peer average (2.8x).

Price to Sales Ratio vs Industry

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

36 CompaniesPrice / SalesEstimated GrowthMarket Cap
PSX Phillips 66
0.4x-5.4%US$55.04b
MPC Marathon Petroleum
0.4x-3.6%US$50.93b
VLO Valero Energy
0.3x-2.7%US$44.61b
PAA Plains All American Pipeline
0.3x-2.1%US$12.62b
URG 29.5xIndustry Avg. 1.8xNo. of Companies36PS01.63.24.86.48+
36 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: URG is expensive based on its Price-To-Sales Ratio (29.5x) compared to the US Oil and Gas industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is URG'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.

URG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio29.5x
Fair PS Ratio0.002x

Price-To-Sales vs Fair Ratio: URG is expensive based on its Price-To-Sales Ratio (29.5x) 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 URG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.33
US$2.43
+82.9%
25.9%US$3.06US$1.80n/a2
Nov ’25US$1.24
US$2.82
+127.3%
28.1%US$3.61US$2.03n/a2
Oct ’25US$1.21
US$2.83
+134.1%
28.5%US$3.64US$2.03n/a2
Sep ’25US$1.17
US$2.83
+142.0%
28.5%US$3.64US$2.02n/a2
Aug ’25US$1.11
US$3.10
+179.5%
35.4%US$4.20US$2.00n/a2
Jul ’25US$1.41
US$3.09
+119.1%
35.1%US$4.18US$2.00n/a2
Jun ’25US$1.80
US$3.10
+72.3%
35.4%US$4.20US$2.00n/a2
May ’25US$1.75
US$3.14
+79.2%
36.1%US$4.27US$2.00n/a2
Apr ’25US$1.66
US$3.15
+89.5%
35.7%US$4.27US$2.02n/a2
Mar ’25US$1.67
US$3.16
+89.3%
35.2%US$4.28US$2.05n/a2
Feb ’25US$1.97
US$2.89
+46.5%
29.0%US$3.73US$2.05n/a2
Jan ’25US$1.54
US$2.81
+82.2%
28.3%US$3.60US$2.01n/a2
Dec ’24US$1.57
US$2.81
+78.7%
28.3%US$3.60US$2.01n/a2
Nov ’24US$1.64
US$2.79
+70.1%
29.0%US$3.60US$1.98US$1.242
Oct ’24US$1.54
US$2.60
+68.8%
35.7%US$3.53US$1.67US$1.212
Sep ’24US$1.35
US$2.60
+92.5%
35.7%US$3.53US$1.67US$1.172
Aug ’24US$1.06
US$2.59
+144.4%
35.0%US$3.50US$1.69US$1.112
Jul ’24US$1.05
US$2.59
+146.7%
35.0%US$3.50US$1.69US$1.412
Jun ’24US$0.97
US$2.58
+165.5%
35.7%US$3.50US$1.66US$1.802
May ’24US$0.87
US$2.61
+200.6%
36.3%US$3.56US$1.66US$1.752
Apr ’24US$1.06
US$2.76
+160.5%
40.4%US$3.88US$1.65US$1.662
Mar ’24US$1.09
US$2.78
+154.6%
39.7%US$3.88US$1.67US$1.672
Feb ’24US$1.35
US$2.76
+104.4%
39.3%US$3.84US$1.68US$1.972
Jan ’24US$1.15
US$2.75
+138.7%
40.0%US$3.84US$1.65US$1.542
Dec ’23US$1.28
US$2.86
+123.7%
42.3%US$4.08US$1.65US$1.572
Nov ’23US$1.27
US$2.86
+125.4%
42.4%US$4.08US$1.65US$1.642

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.

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