Cameco Corporation (CCO) Fair Value & Analysis
Energy · CA · Market cap C$62.8B
Fair value as of: Jul 15, 2026
From 26 valuation models · updated today
Share price −8.6% over the past month.
Price vs Fair Value (12 months)
12‑month range C$96.60 – C$181.66 · fair‑value band C$10.21 – C$16.88 · the C$128.87 price screens above the C$13.55 fair value. As of Jul 15, 2026.
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Cameco Corporation (CCO) currently trades at C$128.87, while our model-based Fair Value estimate is C$13.55 — implying the stock looks roughly 89.5% overvalued today. We read business quality at 58/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Cameco Corporation generated revenue of C$3.5B at a net margin of 18.4%. Revenue grew 7.1% year over year. It earns a return on equity of 9.6%. The balance sheet holds a net cash position of C$92.0M. Fundamentals as of Jul 15, 2026
Our scenario range runs from C$10.21 (bear case) to C$16.88 (bull case); at C$128.87, the current price sits above that range. The share trades about 29% below its 52-week high and 51% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -71% fair-value upside — at -89%, CCO screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 15, 2026. TTM = trailing twelve months.
About the company
Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia. It operates in three segments: Uranium, Fuel Services, and Westinghouse. The Uranium segment engages in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Its Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate, as well as purchase and sale of conversion services. The Westinghouse segment operates as a nuclear reactor technology original equipment manufacturer and a provider of products and services to commercial utilities and government agencies. It also provides outage and maintenance, engineering support, instrumentation and controls equipment, and plant modification services, as well as components and parts to nuclear reactors. The company sells its uranium and fuel products and services to nuclear utilities. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Cameco Corporation reported revenue of C$3.5B in FY2025 versus C$1.5B in FY2021, a compound +24.0%/yr. Reported net income was C$590M in FY2025.
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Similar stocks
10 more Uranium stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China National Uranium Co 001280 | ¥74.25 | ¥11.54 | -84% |
| National Atomic Company NATKY | $71.80 | $61.96 | -14% |
| NexGen Energy Ltd NXE | $12.44 | $3.59 | -71% |
| Uranium Energy Corp UEC | $9.42 | $0.2200 | -98% |
| Sprott Physical Uranium Trust Fund UU | $18.43 | $29.48 | +60% |
| Energy Fuels Inc EFR | C$22.87 | C$4.89 | -79% |
| Centrus Energy Corp LEU | $183.68 | $58.25 | -68% |
| Paladin Energy Ltd PDN | A$10.02 | A$3.63 | -64% |
| CGN Mining Company CGNMF | $0.3650 | $0.0700 | -81% |
| Denison Mines Corp DML | C$4.23 | C$0.0100 | -100% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.