# Denison Mines Corp. (DML.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$4.72, market value C$4.3 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Denison Mines Corp. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 1043.9×**. Each dollar of revenue is priced at 1043.9×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 14.8×**. The shares trade at 14.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -3.9%** (5-yr avg -2.4%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Return on equity: -59.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -19.0%**. Return on all capital, debt included, is -19.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -24.0%**. Each dollar of assets produces -24.0% of profit.

## Growth
- **Revenue growth (1 yr): 22.2%** (3-yr -18.2%/yr, 5-yr -19.4%/yr). Revenue grew 22.2% over the last year, against -19.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -140.0%**. Earnings per share fell 140.0%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.67**. Debt is 1.67 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: net cash**. Denison Mines Corp. holds more cash than debt.
- **Interest coverage: -2.5×**. Operating profit covers interest only -2.5×: fragile.
- **Current ratio: 10.75** (quick 10.51). Current assets cover the next year's liabilities 10.75 times.
- **Altman Z-score: 4.03**. A Z-score of 4.03 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Denison Mines Corp. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 49.4%** (YTD 29.7%, 3-mo 11.6%). The shares are up 49.4% over twelve months including dividends.
- **From 52-week high: -21.9%** (51.3% above the low). Trading 22% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 2.66** (volatility 61%). Beta of 2.66 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=DML.TO · Page: https://foliofundamentals.com/stocks/dml.to

Not investment advice.