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Elevate Uranium Ltd (EL8) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Elevate Uranium Ltd A$0.03, price A$0.24, upside -85.8%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Energy · AU · ISIN AU0000156416

EU Thin data Sep 23, 2026

Elevate Uranium Ltd

EL8 · AU

Weakest SetupStrongly overvalued and low quality.

!Fair value A$0.0340 · Strongly overvalued (−86%)
!Quality 36/100
!Mixed Growth (revenue 5y +708.8 %/yr)
!Low debt · negative free cash flow
!Trails peers (3/8)
!Narrow moat 10/100
!Insider activity 30/100
!Evidence only low, so the estimate is less certain
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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

A$0.8100 A$0.1950 Fair Value A$0.0340 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range A$0.1950 – A$0.8100 · fair‑value band A$0.0255 – A$0.0510 · the A$0.2400 price screens above the A$0.0340 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Elevate Uranium Ltd engages in the exploration and evaluation of uranium deposits in Namibia and Australia. Its flagship project is the 100% owned Koppies project located in the Namib Desert region, Namibia. The company was formerly known as Marenica Energy Limited and changed its name to Elevate Uranium Ltd in May 2021.

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Elevate Uranium Ltd engages in the exploration and evaluation of uranium deposits in Namibia and Australia. Its flagship project is the 100% owned Koppies project located in the Namib Desert region, Namibia. The company was formerly known as Marenica Energy Limited and changed its name to Elevate Uranium Ltd in May 2021. Elevate Uranium Ltd was incorporated in 1978 and is based in West Perth, Australia.

Stock analysis

Elevate Uranium Ltd (EL8) currently trades at A$0.2400, while our model-based Fair Value estimate is A$0.0340, implying the stock looks roughly 605.7% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 91/100, which puts the evidence level at low.

Scenario range: A$0.0255 (bear) to A$0.0510 (bull), the price of A$0.2400 sits above 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 36/100 (below-average quality), in the Energy sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Elevate Uranium Ltd reported revenue of A$768K in FY2024 versus A$117K in FY2020, a compound +60.1%/yr. Reported net income was −A$12.3M in FY2024.

Key figures

Market cap A$110M (≈ $77.1M) · P/S ratio 98.5 · EPS (TTM) A$−0.0300 · Return on equity −30.3% · Return on assets (EBIT) −49.1% · Operating margin −1,243% · Revenue (TTM) A$1.1M · Revenue growth (YoY) +216%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).

What moves the price

The share trades about 50% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at −63% fair-value upside, at −86%, EL8 screens richer than that median.

Fair Value models

Bear A$0.0255 Fair Value A$0.0340 Bull A$0.0510
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
NCAV (Graham) A$0.0300 A$0.0300 A$0.0500 54
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0300 A$0.0300 A$0.0500 54

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Quality Score breakdown

Overall quality 36/100

Of which business quality 41 · Market factors (momentum, volatility) 24

Profitability 1
Margins and returns on capital today
Quality Growth 93
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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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. 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+85.9%
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.
+708.8%
Revenue growth 24 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.
+41.5%
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.
−8,413,809.1% (2019) → −1,541.7% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed

EL8 screens 606% overvalued. 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 · 24 stocks

Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 41 · Above median
Fair Value upside −86% · Bottom 25%
Profitability
Return on assets −18% · Bottom 25%
Growth and dividend
Revenue growth 216% · Top 25%
Balance sheet
Debt / equity 0.07× · Below median

Valuation Multiplesvs Uranium median · lower = cheaper

P/B 3.23× · Pricier than median
P/S (TTM) 69.34× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 0
PAST (return on equity)0 · sector 0
HEALTH (low debt)97 · sector 95
DIVIDEND (yield)0 · sector 0

VALUE 0: the price sits above our fair-value range.

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
Cameco Corporation CCJ $90.80 $10.11 −89%
China National Uranium Co 001280 ¥63.11 ¥16.71 −74%
Centrus Energy Corp LEU $157.83 $58.25 −63%
CGN Mining Company 1164 HK$2.23 HK$1.38 −38%
Deep Yellow Limited DYL A$1.35 A$0.3000 −78%
Uranium Royalty Corp UROY $4.51 $1.15 −75%
Boss Energy Limited BOE A$1.67 A$0.7200 −57%
enCore Energy Corp EU $1.21 $0.7900 −35%
Atha Energy Corp SASK C$1.10 C$0.4100 −63%
Alligator Energy Limited AGE A$0.0430 A$0.0288 −33%

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A$0.0340 −606%Fair Value
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Cite: Fair Value Calculator (2026). "Elevate Uranium Ltd Fair Value". https://www.fairvalue-calculator.com/stock/EL8

Frequently asked questions

Is Elevate Uranium Ltd (EL8) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.0340 versus a price of A$0.2400, about −86% upside (overvalued).
What is the fair value of EL8?
Our model-based fair value for Elevate Uranium Ltd is A$0.0340 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.2400.
What is the quality score of EL8?
Elevate Uranium Ltd has a Quality Score of 36/100. 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 Elevate Uranium Ltd (EL8)?
Our model-based price target is the fair value of A$0.0340 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario A$0.0255, optimistic scenario A$0.0510. It is a calculation from audited fundamentals, not an analyst target.
What is the Elevate Uranium Ltd stock forecast for 2026?
Our models put fair value at A$0.0340, about −86% upside versus a price of A$0.2400 (overvalued). Cautious scenario A$0.0255, optimistic scenario A$0.0510. The calculation is refreshed regularly with new filings.
What is the revenue of Elevate Uranium Ltd (EL8)?
Elevate Uranium Ltd reported trailing-twelve-month revenue of about A$1.1M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Elevate Uranium Ltd (EL8)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Elevate Uranium Ltd it is A$0.0340 per share (as of Sep 23, 2026), against a price of A$0.2400. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Elevate Uranium Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, EL8 trades above its calculated fair value: price A$0.2400, fair value A$0.0340, a gap of about −86% (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 EL8?
No. The price is what the market pays today (A$0.2400); the fair value is what the company's own numbers justify (A$0.0340). For Elevate Uranium Ltd the two are A$0.2060 per share apart. That gap is exactly why we show both numbers side by side.
How much is Elevate Uranium Ltd worth?
The market values Elevate Uranium Ltd at about A$110M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.2400; our models calculate a fair value of A$0.0340 per share.
What do the bullish and bearish scenarios say about EL8?
Our models span a range for Elevate Uranium Ltd: cautious scenario A$0.0255, base A$0.0340, optimistic A$0.0510 per share (as of Sep 23, 2026, price A$0.2400). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of EL8?
The PEG ratio of Elevate Uranium Ltd is 1.75 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Elevate Uranium Ltd (EL8)?
Balance-sheet figures for Elevate Uranium Ltd (as of Sep 23, 2026): return on equity −30.3%, debt of 0.07 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is EL8 from its 52-week high?
Elevate Uranium Ltd trades at A$0.2400, about 50% below its 52-week high of A$0.4800 and 12% above the low of A$0.2150 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0340 is for.
Which stocks are comparable to Elevate 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 Elevate Uranium Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.2400, calculated fair value A$0.0340 (−86%), Quality Score 36/100, 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 EL8 calculated?
We run Elevate 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 A$0.0340, 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 13.0 % above its aggregate fair value. Elevate 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 Elevate Uranium Ltd (EL8)?
The closing price on Sep 24, 2026 was A$0.2400. Our model-based fair value is A$0.0340, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Elevate Uranium Ltd right now?
The price sits above even our optimistic bull case (A$0.0510). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (A$0.0255 to A$0.0510) leaves room in how you read the outcome.

Key figures of Elevate Uranium Ltd

How large is the market capitalisation of Elevate Uranium Ltd (EL8)?
The market capitalisation of Elevate Uranium Ltd is A$110M (≈ $77.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Elevate Uranium Ltd (EL8)?
The price-to-sales ratio of Elevate Uranium Ltd is 98.5 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Elevate Uranium Ltd (EL8)?
Earnings per share at Elevate Uranium Ltd are A$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Elevate Uranium Ltd (EL8)?
The return on equity (ROE) of Elevate Uranium Ltd is −30.3% (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 Elevate Uranium Ltd (EL8)?
On an EBIT basis the return on assets of Elevate Uranium Ltd is −49.1% (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.
What is the operating margin of Elevate Uranium Ltd (EL8)?
The operating margin of Elevate Uranium Ltd is −1,243% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Elevate Uranium Ltd (EL8)?
Revenue at Elevate Uranium Ltd is growing +216% versus a year earlier (3y avg +85.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Elevate Uranium Ltd (EL8) generate?
The free cash flow of Elevate Uranium Ltd is −A$11.7M (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Elevate Uranium Ltd (EL8) hold?
Elevate Uranium Ltd holds more cash than debt, A$21.3M net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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