# Cameco Corporation (CCJ) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Basic Materials / Metals & Mining. Price $100.74, market value $43.9 billion.

## Valuation
- **P/E (trailing): 173.7×** (5-yr avg 88.4×, 3-yr avg 83.7×). Cameco Corporation trades at 173.7× trailing earnings, well above its own five-year average of 88.4×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 53.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.22**. A PEG of 0.22 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 17.5×**. Each dollar of revenue is priced at 17.5×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 8.5×**. The shares trade at 8.5× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 70.5×**. Enterprise value is 70.5× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 0.9%** (5-yr avg 2.9%). Free cash flow equals 0.9% of the market value, below its five-year average of 2.9%, so the shares are pricier on cash than usual.
- **Earnings yield: 0.6%**. The inverse of the P/E: 0.6% of the price is earned each year.

## Profitability
- **Gross margin: 26.9%**. Cameco Corporation keeps 26.9% of revenue after the direct cost of what it sells.
- **Operating margin: 15.1%**. 15.1% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 16.9%**. 16.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.5%**. 8.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 5.8%**. Return on all capital, debt included, is 5.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 3.4%**. Each dollar of assets produces 3.4% of profit.

## Growth
- **Revenue growth (1 yr): 11.0%** (3-yr 23.1%/yr, 5-yr 14.1%/yr). Revenue grew 11.0% over the last year, against 14.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 246.2%** (3-yr 83.1%/yr). Earnings per share rose 246.2%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 88.3%/yr**. Free cash flow has compounded at 88.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.14**. Debt is 0.14 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Cameco Corporation holds more cash than debt.
- **Interest coverage: 5.1×**. Operating profit covers interest 5.1× over, a safe margin.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.17%** ($0.17 per share, trailing). Cameco Corporation yields 0.17%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 18%**. 18% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 23.0%/yr** (1-yr 50.9%). The dividend has compounded at 23.0% a year over five years, doubling roughly every 3 years at that pace.

## Analyst view
- **Analyst consensus: buy** (11 analysts). 11 analysts cover Cameco Corporation; the consensus is buy, with an average price target of $129.95 (+29% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 32.3%** (YTD 10.1%, 3-mo -2.6%). The shares are up 32.3% over twelve months including dividends.
- **From 52-week high: -25.5%** (30.8% above the low). Trading 26% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 2.24** (volatility 56%). Beta of 2.24 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CCJ · Page: https://foliofundamentals.com/stocks/ccj

Not investment advice.