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CAMECO CORP (CCO.CA) Stock Fundamental Analysis

TSX:CCO - Toronto Stock Exchange - CA13321L1085 - Common Stock - Currency: CAD

66.88  -2.77 (-3.98%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to CCO. CCO was compared to 221 industry peers in the Oil, Gas & Consumable Fuels industry. CCO is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. While showing a medium growth rate, CCO is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

CCO had positive earnings in the past year.
CCO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CCO reported negative net income in multiple years.
In the past 5 years CCO always reported a positive cash flow from operatings.
CCO.CA Yearly Net Income VS EBIT VS OCF VS FCFCCO.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M

1.2 Ratios

CCO has a Return On Assets of 1.25%. This is comparable to the rest of the industry: CCO outperforms 48.79% of its industry peers.
CCO has a Return On Equity (1.88%) which is in line with its industry peers.
CCO's Return On Invested Capital of 2.95% is in line compared to the rest of the industry. CCO outperforms 49.28% of its industry peers.
Industry RankSector Rank
ROA 1.25%
ROE 1.88%
ROIC 2.95%
ROA(3y)1.1%
ROA(5y)0.72%
ROE(3y)1.78%
ROE(5y)1.15%
ROIC(3y)N/A
ROIC(5y)N/A
CCO.CA Yearly ROA, ROE, ROICCCO.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2 -2 4 -4

1.3 Margins

The Profit Margin of CCO (4.17%) is comparable to the rest of the industry.
CCO's Profit Margin has improved in the last couple of years.
CCO has a Operating Margin (12.49%) which is in line with its industry peers.
In the last couple of years the Operating Margin of CCO has grown nicely.
CCO has a Gross Margin (23.81%) which is in line with its industry peers.
CCO's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 12.49%
PM (TTM) 4.17%
GM 23.81%
OM growth 3YN/A
OM growth 5Y26.02%
PM growth 3YN/A
PM growth 5Y11.89%
GM growth 3Y54.28%
GM growth 5Y8.95%
CCO.CA Yearly Profit, Operating, Gross MarginsCCO.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20

7

2. Health

2.1 Basic Checks

CCO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, CCO has more shares outstanding
The number of shares outstanding for CCO has been increased compared to 5 years ago.
CCO has a worse debt/assets ratio than last year.
CCO.CA Yearly Shares OutstandingCCO.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M
CCO.CA Yearly Total Debt VS Total AssetsCCO.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

An Altman-Z score of 6.68 indicates that CCO is not in any danger for bankruptcy at the moment.
CCO has a Altman-Z score of 6.68. This is amongst the best in the industry. CCO outperforms 90.34% of its industry peers.
The Debt to FCF ratio of CCO is 3.27, which is a good value as it means it would take CCO, 3.27 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 3.27, CCO belongs to the best of the industry, outperforming 81.64% of the companies in the same industry.
CCO has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
CCO has a Debt to Equity ratio (0.20) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 3.27
Altman-Z 6.68
ROIC/WACC0.39
WACC7.54%
CCO.CA Yearly LT Debt VS Equity VS FCFCCO.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B 6B

2.3 Liquidity

CCO has a Current Ratio of 2.88. This indicates that CCO is financially healthy and has no problem in meeting its short term obligations.
CCO has a better Current ratio (2.88) than 83.57% of its industry peers.
CCO has a Quick Ratio of 1.26. This is a normal value and indicates that CCO is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.26, CCO is in the better half of the industry, outperforming 71.01% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.88
Quick Ratio 1.26
CCO.CA Yearly Current Assets VS Current LiabilitesCCO.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

5

3. Growth

3.1 Past

The earnings per share for CCO have decreased strongly by -29.85% in the last year.
CCO shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.91% yearly.
The Revenue has grown by 23.31% in the past year. This is a very strong growth!
Measured over the past years, CCO shows a small growth in Revenue. The Revenue has been growing by 4.35% on average per year.
EPS 1Y (TTM)-29.85%
EPS 3YN/A
EPS 5Y7.91%
EPS Q2Q%-103.12%
Revenue 1Y (TTM)23.31%
Revenue growth 3Y12.86%
Revenue growth 5Y4.35%
Sales Q2Q%25.32%

3.2 Future

The Earnings Per Share is expected to grow by 30.81% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 7.27% on average over the next years.
EPS Next Y-25.24%
EPS Next 2Y42.25%
EPS Next 3Y39.47%
EPS Next 5Y30.81%
Revenue Next Year18.5%
Revenue Next 2Y14.19%
Revenue Next 3Y11.51%
Revenue Next 5Y7.27%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
CCO.CA Yearly Revenue VS EstimatesCCO.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B 4B
CCO.CA Yearly EPS VS EstimatesCCO.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3 4

2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 142.30 indicates a quite expensive valuation of CCO.
CCO's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of CCO to the average of the S&P500 Index (30.19), we can say CCO is valued expensively.
A Price/Forward Earnings ratio of 41.84 indicates a quite expensive valuation of CCO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CCO is on the same level as its industry peers.
CCO is valuated expensively when we compare the Price/Forward Earnings ratio to 23.58, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 142.3
Fwd PE 41.84
CCO.CA Price Earnings VS Forward Price EarningsCCO.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CCO is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CCO is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 75.42
EV/EBITDA 52.8
CCO.CA Per share dataCCO.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

A more expensive valuation may be justified as CCO's earnings are expected to grow with 39.47% in the coming years.
PEG (NY)N/A
PEG (5Y)18
EPS Next 2Y42.25%
EPS Next 3Y39.47%

3

5. Dividend

5.1 Amount

CCO has a yearly dividend return of 0.23%, which is pretty low.
CCO's Dividend Yield is comparable with the industry average which is at 6.30.
With a Dividend Yield of 0.23, CCO pays less dividend than the S&P500 average, which is at 2.30.
Industry RankSector Rank
Dividend Yield 0.23%

5.2 History

The dividend of CCO decreases each year by -7.75%.
CCO has been paying a dividend for at least 10 years, so it has a reliable track record.
As CCO did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-7.75%
Div Incr Years1
Div Non Decr Years6
CCO.CA Yearly Dividends per shareCCO.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 0 0 0 0

5.3 Sustainability

44.71% of the earnings are spent on dividend by CCO. This is a bit on the high side, but may be sustainable.
DP44.71%
EPS Next 2Y42.25%
EPS Next 3Y39.47%
CCO.CA Yearly Income VS Free CF VS DividendCCO.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M
CCO.CA Dividend Payout.CCO.CA Dividend Payout, showing the Payout Ratio.CCO.CA Dividend Payout.PayoutRetained Earnings

CAMECO CORP

TSX:CCO (2/14/2025, 7:00:00 PM)

66.88

-2.77 (-3.98%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-07 2024-11-07/bmo
Earnings (Next)02-20 2025-02-20/bmo
Inst Owners76.29%
Inst Owner ChangeN/A
Ins Owners0.42%
Ins Owner ChangeN/A
Market Cap29.11B
Analysts82.86
Price Target121.17 (81.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.23%
Yearly Dividend0.12
Dividend Growth(5Y)-7.75%
DP44.71%
Div Incr Years1
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-75.2%
Min EPS beat(2)-103.96%
Max EPS beat(2)-46.43%
EPS beat(4)0
Avg EPS beat(4)-52.63%
Min EPS beat(4)-103.96%
Max EPS beat(4)-5.49%
EPS beat(8)3
Avg EPS beat(8)-10.58%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-13.28%
Min Revenue beat(2)-22.8%
Max Revenue beat(2)-3.76%
Revenue beat(4)1
Avg Revenue beat(4)-11.5%
Min Revenue beat(4)-22.8%
Max Revenue beat(4)2.54%
Revenue beat(8)3
Avg Revenue beat(8)-6.5%
Revenue beat(12)5
Avg Revenue beat(12)-3.36%
Revenue beat(16)6
Avg Revenue beat(16)-2.42%
PT rev (1m)1.39%
PT rev (3m)12.46%
EPS NQ rev (1m)-1.74%
EPS NQ rev (3m)-17.03%
EPS NY rev (1m)-0.27%
EPS NY rev (3m)-30.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.87%
Revenue NY rev (1m)-0.33%
Revenue NY rev (3m)-0.2%
Valuation
Industry RankSector Rank
PE 142.3
Fwd PE 41.84
P/S 10.41
P/FCF 75.42
P/OCF 50.47
P/B 4.69
P/tB 4.72
EV/EBITDA 52.8
EPS(TTM)0.47
EY0.7%
EPS(NY)1.6
Fwd EY2.39%
FCF(TTM)0.89
FCFY1.33%
OCF(TTM)1.33
OCFY1.98%
SpS6.42
BVpS14.27
TBVpS14.17
PEG (NY)N/A
PEG (5Y)18
Profitability
Industry RankSector Rank
ROA 1.25%
ROE 1.88%
ROCE 3.99%
ROIC 2.95%
ROICexc 3.02%
ROICexgc 3.04%
OM 12.49%
PM (TTM) 4.17%
GM 23.81%
FCFM 13.8%
ROA(3y)1.1%
ROA(5y)0.72%
ROE(3y)1.78%
ROE(5y)1.15%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y23.63%
ROICexc growth 3YN/A
ROICexc growth 5Y23.76%
OM growth 3YN/A
OM growth 5Y26.02%
PM growth 3YN/A
PM growth 5Y11.89%
GM growth 3Y54.28%
GM growth 5Y8.95%
F-Score5
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 3.27
Debt/EBITDA 2.21
Cap/Depr 85.85%
Cap/Sales 6.82%
Interest Coverage 4.25
Cash Conversion 100.93%
Profit Quality 331.39%
Current Ratio 2.88
Quick Ratio 1.26
Altman-Z 6.68
F-Score5
WACC7.54%
ROIC/WACC0.39
Cap/Depr(3y)67.49%
Cap/Depr(5y)53.38%
Cap/Sales(3y)6.77%
Cap/Sales(5y)5.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-29.85%
EPS 3YN/A
EPS 5Y7.91%
EPS Q2Q%-103.12%
EPS Next Y-25.24%
EPS Next 2Y42.25%
EPS Next 3Y39.47%
EPS Next 5Y30.81%
Revenue 1Y (TTM)23.31%
Revenue growth 3Y12.86%
Revenue growth 5Y4.35%
Sales Q2Q%25.32%
Revenue Next Year18.5%
Revenue Next 2Y14.19%
Revenue Next 3Y11.51%
Revenue Next 5Y7.27%
EBIT growth 1Y67.54%
EBIT growth 3YN/A
EBIT growth 5Y31.5%
EBIT Next Year273.35%
EBIT Next 3Y78.71%
EBIT Next 5Y47.57%
FCF growth 1Y177.09%
FCF growth 3YN/A
FCF growth 5Y-2.67%
OCF growth 1Y101.64%
OCF growth 3Y129.54%
OCF growth 5Y0.61%