YouTube · Q1 FY2027 · 2026-09-17
UEC · NYSE American
Uranium Energy Corp.
Uranium · United States
USD 7.51-2.6% daily changeQuote 2026-11-02 · USD
- Market cap (USD)
- US$3.72B
- Trailing P/E
- —
- Forward P/E
- —
- Quarterly revenue growth
- —
- Trailing net margin
- 0.0%
- Indicated dividend yield
- —
Snapshot 2026-11-03 · Latest financial period 2026-07-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-12-08 (provider estimate; issuer confirmation unavailable here).
Company background
Uranium Energy Corp., together with its subsidiaries, engages in the exploration, pre-extraction, extraction, and processing of uranium and titanium concentrates properties in the United States, Canada, and the Republic of Paraguay. Its principal projects are located in Wyoming and Texas in the United States, as well as in Saskatchewan, Canada. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. The company was incorporated in 2003 and is headquartered in Corpus Christi, Texas.
Company websiteFY2026
Go beyond the headline.
UEC Stock: $753M in Liquid Assets—Who Paid for It? FY2026
Published 2026-09-29
FY2026 REPORT HIGHLIGHTS
What’s changed for UEC
Mine costs improved, but cash was rebuilt through share issuance; our model separates spendable capital from unpriced conversion ambition.
Output improved at the mines.
Fourth-quarter production reached 82,744 pounds, with Christensen Ranch producing 65,392 pounds and Burke Hollow adding 17,352 pounds.
Unit cost is not company cost.
The $36.54 quarterly total-cost measure covers production inventory additions per pound; mineral spending, corporate expenses and conversion development remain separate burdens.
Liquidity came mainly from owners.
Fiscal 2026 net share proceeds were $529.96 million, while operating activities used $98.56 million. This financing strengthened the balance sheet while increasing shares outstanding.
The government opportunity is not an order.
NNSA’s stated need and UEC’s response to an information request are not awarded revenue. The conversion project’s Class IV estimate is expected by mid2027.
Our valuation requires more than cost improvement.
The base model assumes output grows to five million pounds by FY2031 and still produces $4.35 per share. The bull case needs stronger prices, faster growth and more valuable resource options.
Comparable businesses
UEC peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | UECUranium Energy Corp.Snapshot 2026-11-03Financial period: 2026-07-31 | UROYUranium Royalty Corp.Snapshot 2026-11-03Financial period: 2026-07-31 | CCJCameco CorporationSnapshot 2026-11-03Financial period: 2026-09-30 |
|---|---|---|---|
| Market capMarket value, converted to USD | US$3.72B | US$1.24B | US$31.96B |
| Forward P/EProvider forward earnings estimate | — | 326.01x | 41.23x |
| EV / EBITDAEnterprise value / trailing EBITDA | — | 29.50x | — |
| Revenue growthLatest quarter vs prior-year quarter | — | 112.9% | 0.7% |
| Operating marginLatest reported quarter | -228.6% | 31.7% | 9.2% |
| Free cash flow yieldTrailing cash flow / market cap | -1.9% | 16.4% | — |
| Net debt / EBITDANet debt / trailing EBITDA | — | 8.46x | 0.19x |
| Debt / equityTotal debt / positive book equity | 0.00x | 0.56x | 0.14x |
| Trailing P/ETrailing twelve-month earnings | — | 8.78x | 116.48x |
| Price / bookPrice / positive book equity per share | 2.71x | 1.29x | 6.20x |
| EV / salesEnterprise value / trailing revenue | 86.69x | 8.96x | — |
| Earnings growthLatest quarter vs prior-year quarter | — | 1,203.8% | — |
| Gross marginTrailing twelve months | -184.0% | 33.1% | 33.8% |
| Net marginTrailing twelve months | 0.0% | 25.9% | 11.4% |
| Return on equityProvider trailing return; positive equity only | -11.6% | 8.5% | 5.7% |
| Free cash flow marginTrailing free cash flow / revenue | -192.4% | 94.8% | 5.7% |
| Dividend yieldIndicated annual dividend / price | — | — | 0.2% |
| Earnings payoutProvider trailing dividend payout | 0.0% | 0.0% | 26.4% |
| Current ratioCurrent assets / current liabilities | 17.26x | 0.88x | 2.55x |
| BetaProvider historical market sensitivity | 1.37 | 1.47 | 1.13 |
YouTube · Q1 FY2027 · 2026-09-17
YouTube · Q3 2026 · 2026-11-02
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-11-03. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for UEC
FY20262026-09-29
FREE RESEARCH PACKET · FY2026
UEC: the $753 million liquidity headline—and the growth it still has to fund
Mine costs improved, but cash was rebuilt through share issuance; our model separates spendable capital from unpriced conversion ambition.
Research published September 29, 2026 · Download original report
Read Research PacketUEC Stock: $753M in Liquid Assets—Who Paid for It? FY2026
Presentation · 2026-09-29 · YouTube
Q3 FY20262026-06-11
UEC Stock: America’s Biggest New Uranium Mine vs a 25% Crash Q3 FY2026
Presentation · 2026-06-11 · YouTube
UEC Stock: +141% From Lows -- Is the Uranium Ramp Priced In? Q3 FY2026
Presentation · 2026-06-01 · YouTube
