Cameco Corporation

TSX-CCO

Basic

Market Cap
CA$26.82B
EV
CA$28.21B
Shares Out
435.18M
Revenue
CA$2,534.33M
Employees
—

Margins

Gross
30.32%
EBITDA
19.81%
Operating
10.99%
Pre-Tax
14.05%
Net
9.27%
FCF
14.58%

Returns (5Yr Avg)

ROA
0.9%
ROTA
1.39%
ROE
1.38%
ROCE
1.27%
ROIC
1.18%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
CA$77.67
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
CA$323.22M
Net Debt
CA$1,385.94M
Debt/Equity
0.28
EBIT/Interest
4

Growth (CAGR)

Rev 3Yr
13.26%
Rev 5Yr
5.38%
Rev 10Yr
0.49%
Dil EPS 3Yr
76.62%
Dil EPS 5Yr
18.65%
Dil EPS 10Yr
-6.98%
Rev Fwd 2Yr
12.27%
EBITDA Fwd 2Yr
106.92%
EPS Fwd 2Yr
75.35%
EPS LT Growth Est
65%

Dividends

Yield
—
Payout
22.16%
DPS
CA$0.12
DPS Growth 3Yr
14.47%
DPS Growth 5Yr
8.45%
DPS Growth 10Yr
-11.34%
DPS Growth Fwd 2Yr
19.52%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Impairment of Oil, Gas & Mineral Properties	—	—	—		—	—	—	—	—	—	—
Total Revenues						1,862.9	1,800.1	1,475	1,868	2,587.8	2,534.3
Total Revenues % Chg.						-10.9%	-3.4%	-18.1%	26.6%	38.5%	17.5%
Cost of Goods Sold, Total						1,191.6	1,430	1,242.3	1,457.3	1,805.8	1,765.9
Gross Profit						671.3	370.1	232.7	410.7	782	768.4
Selling General & Admin Expenses, Total						124.9	145.3	127.6	166.5	245.5	241.3
Exploration / Drilling Costs, Total						13.7	10.9	8	10.6	17.6	18.6
R&D Expenses						6.1	4	7.2	12.2	21	26.1
Depreciation & Amortization						275.7	208.7	190.4	177.4	220.3	187.1
Impairment of Oil, Gas & Mineral Properties	—	—	—		—	—	—	—	—	—	—
Other Operating Expenses						23.5	38.3	13	51.9	32.1	16.8
Other Operating Expenses, Total						443.9	407.2	346.2	418.6	536.6	490
Operating Income						227.4	-37.1	-113.5	-7.9	245.4	278.4
Interest Expense, Total						-61.1	-37.4	-39.9	-46.6	-53.6	-69.7
Interest And Investment Income						29.8	10.8	6.8	37.5	111.7	90.5
Net Interest Expenses						-31.3	-26.5	-33.1	-9.1	58.1	20.8
Income (Loss) On Equity Invest.			—	—		45.4	36.5	68.3	94	154.5	51.6
Currency Exchange Gains (Loss)						-19	13.9	0.4	74.1	15.7	34.9
Other Non Operating Income (Expenses)						15.5	16.9	-3	-83.1	15.7	-26.9
EBT, Excl. Unusual Items						238	3.6	-80.9	68	489.3	358.7
Restructuring Charges	—	—				-153.9	—	—	—	—	—
Merger & Related Restructuring Charges	—	—	—	—	—	—	—	—	-1.5	—	—
Impairment of Goodwill	—	—	—		—	—	—	—	—	—	—
Gain (Loss) On Sale Of Investments				—		—	—	—	—	—	—
Gain (Loss) On Sale Of Assets						-1.9	-1.1	-3.8	-0.5	-2.2	-2.6
Asset Writedown					—	—	—	—	—	—	—
Legal Settlements	—	—	—	—	—	—	—	—	-4	—	—
Other Unusual Items		—		—		52.8	-42.1	-19.2	22.8	—	—
EBT, Incl. Unusual Items						135	-39.5	-103.9	84.8	487.2	356.2
Income Tax Expense						61.1	13.7	-1.2	-4.5	126.3	121.4
Earnings From Continuing Operations						73.9	-53.2	-102.7	89.3	360.8	234.8
Earnings Of Discontinued Operations		—	—	—	—	—	—	—	—	—	—
Minority Interest						0.1	0	0.1	0.1	0	0
Net Income						74	-53.2	-102.6	89.4	360.8	234.8
Net Income to Common Incl Extra Items						74	-53.2	-102.6	89.4	360.8	234.8
Net Income to Common Excl. Extra Items						74	-53.2	-102.6	89.4	360.8	234.8
Total Shares Outstanding						395.8	396.3	398.1	432.5	434.2	434.2
Weighted Avg. Shares Outstanding						395.8	395.8	397.6	405.5	433.4	433.7
Weighted Avg. Shares Outstanding Dil						396.1	395.8	397.6	407.1	435.4	435.3
EPS						0.2	-0.1	-0.3	0.2	0.8	0.5
EPS Diluted						0.2	-0.1	-0.3	0.2	0.8	0.5
EBITDA						522	184.2	96.5	196.3	502.9	502.1
Effective Tax Rate						45.2%	-34.6%	1.2%	-5.3%	25.9%	34.1%