Cameco Corporation
CCJCACameco Corporation is a prominent global enterprise specializing in the production and distribution of uranium. Its operations are structured into two core divisions: Uranium and Fuel Services. The Uranium division manages the full upstream process, encompassing the exploration, extraction, and initial processing (milling) of uranium ore, as well as the procurement and sale of uranium concentrate. Conversely, the Fuel Services division focuses on the downstream transformation of uranium. This includes the refining, conversion, and fabrication of uranium concentrate into usable forms, alongside providing related conversion services. Furthermore, this segment is responsible for manufacturing specialized fuel bundles and reactor components specifically designed for CANDU reactors. Cameco provides its essential uranium products and associated fuel services to nuclear utility clients across major international markets, including the Americas, Europe, and Asia. The company was founded in 1987 and maintains its principal office in Saskatoon, Canada.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Industrial, Aerospace & Defense
- Sub-sector
- Electrical Equipment & Power Systems
- Listing
- CCJ
- Country
- CA
EV / LTM Revenue
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 27% | 39% | 21% | 11% | 1% | 11% |
| Revenue | $1.47B | $1.87B | $2.59B | $3.14B | $3.48B | $3.52B | $3.89B |
| Gross Profit | $2M | $370M | $694M | $783M | $1.02B | — | — |
| Gross Profit Margin | 0.1% | 19.8% | 26.8% | 25.0% | 29.4% | — | — |
| EBITDA | $147M | $238M | $647M | $666M | $1.15B | $1.86B | $2.05B |
| EBITDA Margin | 10.0% | 12.7% | 25.0% | 21.2% | 33.1% | 52.8% | 52.8% |
| EBIT | ($136M) | $15M | $283M | $510M | $608M | $1.64B | $1.82B |
| Net Income | ($103M) | $89M | $361M | $172M | $589M | $715M | $1.15B |
| Free Cash Flow | $360M | $161M | $535M | $694M | $1.08B | — | — |
| FCF Margin | 24.4% | 8.6% | 20.7% | 22.1% | 30.9% | — | — |
| Short-Term Debt | $0M | $0M | $500M | $287M | $3M | — | — |
| Long-Term Debt | $996M | $997M | $1.28B | $997M | $1.01B | — | — |
| Cash & Cash Equivalents | $1.25B | $1.14B | $567M | $600M | $1.11B | — | — |
| Net Debt | ($251M) | ($147M) | $1.22B | $684M | ($103M) | — | — |
| Net Debt / EBITDA | -1.7x | -0.6x | 1.9x | 1.0x | -0.1x | — | — |
| Rule of 40 | — | 35.3% | 59.2% | 43.3% | 41.9% | — | — |