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Mega Uranium Ltd. (MGA) fair value: what the stock is really worth

As of Oct 30, 2026: fair value (intrinsic value) of Mega Uranium Ltd. stock C$0.42, price C$0.48, that is 11.6% below the price, quality 37 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Energy CA · ISIN CA58516W1041

MU Mega Uranium Ltd. logo Thin data Nov 2, 2026

Mega Uranium Ltd.

MGA · TO
Expensive, weak quality

Our calculation puts a fair price 12% below what the stock costs today.

Ranks above peers (8/8)
Profit last quarter 41% below a year ago.
Fair value C$0.4200 · Overvalued (−11.6%)
Quality 37/100
Weak Growth (revenue 5y −18.4 %/yr in CAD)
Negative free cash flow
Narrow moat 20/100 · thin data
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$0.7900 C$0.1750 Fair Value C$0.4200 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.

How to read this chart

60‑month range C$0.1750 – C$0.7900 · fair‑value band C$0.3100 – C$0.6300 · the C$0.4750 price screens above the C$0.4200 fair value. As of Nov 2, 2026.

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Company profile

Mega Uranium Ltd., a uranium mining and investment company, explores for uranium properties primarily in Canada and Australia. It explores for uranium and gold. The company holds interest in the Georgetown project located in Queensland, Australia; and Redport project situated in Western Australia.

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The company was formerly known as Maple Minerals Corp. and changed its name to Mega Uranium Ltd. in October 2005. Mega Uranium Ltd. was incorporated in 1990 and is headquartered in Toronto, Canada.

Stock analysis

Mega Uranium Ltd. (MGA) currently trades at C$0.4750, while our model-based Fair Value estimate is C$0.4200, 11.6% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: C$0.3100 (bear) to C$0.6300 (bull), the price of C$0.4750 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 37/100 (below-average quality), in the Energy sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Mega Uranium Ltd. reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$4.6M in FY2025.

Key figures

Market cap C$190M (≈ $136M) Micro · P/E ratio 23.8 · EPS (TTM) C$0.0200 · Return on equity 2.7% · Return on assets (EBIT) −2.2% · EPS growth (YoY) −41.3% · Free cash flow −C$2.6M · Net debt C$18.0M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).

What moves the price

The share trades about 40% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at −59% fair-value upside, at −12%, MGA screens cheaper than that median.

Fair Value models

Bear C$0.3100 Fair Value C$0.4200 Bull C$0.6300
Price C$0.4750 · Downside -11.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (C$0.0200 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) C$0.3100 C$0.4200 C$0.6300 51
All 1 models by family
Asset-Based
NCAV (Graham) C$0.3100 C$0.4200 C$0.6300 51

Open the full fair value analysis →

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 6
How much profit the company makes from its sales and capital
Quality Growth 57
Are margins and returns getting better?
Cashflow 52
Do the profits arrive as real cash?
Financial strength 64
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 6
How calm the share price moves, does not count
Price momentum 29
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 36
Distance to the 52-week high, does not count
New shares 31
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−84.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−84.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−18.4%
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+127.2%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−1,567.3% (2005) → −30,500.0% (2010)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

MGA screens overvalued: fair value 12% below the price. Compare with Cameco Corporation →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Uranium · 26 stocks

Beats the industry median on 8/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 37 · Above median
Fair Value upside −11.6% · Top 25%
Profitability
Return on equity (12 months) 2.7% · Top 25%
Return on assets −1.7% · Above median
Operating margin (12 months) 0.0% · Above median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Above median

Valuation Multiplesvs Uranium median · lower = cheaper

P/E (12 months) 23.8× · Cheapest 25%
P/B 0.57× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)18 · sector 0
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)11 · sector 0
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)0 · sector 0

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Uranium stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Boss Energy Limited BOE A$1.45 A$0.9600 −34% vs MGA
Centrus Energy Corp LEU $103.29 $55.95 −46% vs MGA
CGN Mining Company 1164 HK$2.10 HK$1.08 −48% vs MGA
Uranium Royalty Corp UROY $3.35 $1.62 −52% vs MGA
Atha Energy Corp SASK C$0.8600 C$0.3485 −59% vs MGA
Deep Yellow Limited DYL A$0.7350 A$0.1900 −74% vs MGA
China National Uranium Co 001280 ¥56.59 ¥11.54 −80% vs MGA
Berkeley Energia Limited BKY A$0.7950 A$0.1400 −82% vs MGA
Ur-Energy Inc URG $0.8518 $0.1300 −85% vs MGA
Cameco Corporation CCJ $76.91 $10.14 −87% vs MGA

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Mega Uranium Ltd.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Mega Uranium Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/MGA.TO

Frequently asked questions

Is Mega Uranium Ltd. (MGA) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of C$0.4200 versus a price of C$0.4750, about 12% lower (overvalued).
What is the fair value of MGA?
Our model-based fair value for Mega Uranium Ltd. is C$0.4200 (as of Nov 2, 2026), built from audited fundamentals. The current price: C$0.4750.
What is the quality score of MGA?
Mega Uranium Ltd. has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Mega Uranium Ltd. (MGA)?
Our model-based price target is the fair value of C$0.4200 (as of Nov 2, 2026) from 1 valuation models. Cautious scenario C$0.3100, optimistic scenario C$0.6300. It is a calculation from audited fundamentals, not an analyst target.
What is the Mega Uranium Ltd. stock forecast for 2026?
Our models put fair value at C$0.4200, about 12% lower versus a price of C$0.4750 (overvalued). Cautious scenario C$0.3100, optimistic scenario C$0.6300. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Mega Uranium Ltd. (MGA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mega Uranium Ltd. it is C$0.4200 per share (as of Nov 2, 2026), against a price of C$0.4750. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Mega Uranium Ltd. stock overvalued or undervalued in 2026?
As of Nov 2, 2026, MGA trades above its calculated fair value: price C$0.4750, fair value C$0.4200, a gap of about −12% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MGA?
No. The price is what the market pays today (C$0.4750); the fair value is what the company's own numbers justify (C$0.4200). For Mega Uranium Ltd. the two are C$0.0550 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mega Uranium Ltd. worth?
The market values Mega Uranium Ltd. at about C$190M (market capitalisation, as of Nov 2, 2026). Per share that is C$0.4750; our models calculate a fair value of C$0.4200 per share.
What do the bullish and bearish scenarios say about MGA?
Our models span a range for Mega Uranium Ltd.: cautious scenario C$0.3100, base C$0.4200, optimistic C$0.6300 per share (as of Nov 2, 2026, price C$0.4750). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MGA?
Mega Uranium Ltd. trades at a price-to-earnings ratio of 23.8 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$0.4200 is built from several models across several years. Other multiples: P/B 0.6.
How solid is the balance sheet of Mega Uranium Ltd. (MGA)?
Balance-sheet figures for Mega Uranium Ltd. (as of Nov 2, 2026): return on equity 2.7%. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is MGA from its 52-week high?
Mega Uranium Ltd. trades at C$0.4750, about 40% below its 52-week high of C$0.7900 and 32% above the low of C$0.3600 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.4200 is for.
Which stocks are comparable to Mega Uranium Ltd.?
From the same area (Energy) we also value Cameco Corporation, China National Uranium Co, Centrus Energy Corp, CGN Mining Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Mega Uranium Ltd. stock attractive at the current price?
The data as of Nov 2, 2026: price C$0.4750, calculated fair value C$0.4200 (−12%), Quality Score 37/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MGA calculated?
We run Mega Uranium Ltd. through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$0.4200, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Mega Uranium Ltd. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Mega Uranium Ltd. (MGA)?
The closing price on Oct 30, 2026 was C$0.4750. Our model-based fair value is C$0.4200, about 12% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mega Uranium Ltd. right now?
A fairly wide model range (C$0.3100 to C$0.6300) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Mega Uranium Ltd.

How large is the market capitalisation of Mega Uranium Ltd. (MGA)?
The market capitalisation of Mega Uranium Ltd. is C$190M (≈ $136M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Mega Uranium Ltd. (MGA)?
Earnings per share at Mega Uranium Ltd. are C$0.0200 (price ÷ EPS = P/E 23.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Mega Uranium Ltd. (MGA)?
The return on equity (ROE) of Mega Uranium Ltd. is 2.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Mega Uranium Ltd. (MGA)?
On an EBIT basis the return on assets of Mega Uranium Ltd. is −2.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast are earnings growing at Mega Uranium Ltd. (MGA)?
Earnings per share at Mega Uranium Ltd. are growing −41.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mega Uranium Ltd. (MGA) generate?
The free cash flow of Mega Uranium Ltd. is −C$2.6M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Mega Uranium Ltd. (MGA) carry?
The net debt of Mega Uranium Ltd. is C$18.0M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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