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enCore Energy Corp (EU) Fair Value & Analysis

Energy · US · Market cap $320M

EE enCore Energy Corp logo enCore Energy Corp EU · US
Price$1.25
Fair Value$0.7900
Upside-36.8%
Quality23/100
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Mixed Growth
Loss-making · -63.0% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 6/100
Evidence: Low Range $0.5900 – $1.18 Share as image

Fair value as of: Jul 16, 2026

From 1 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from $2.12 to $0.7900 (−62.7%) since Jun 24, 2026. Share price −3.8% over the past month.

Below-average quality, and screening another 37% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($1.18). The favourable scenario is already priced in.
  • Weak quality (23/100) 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 ($0.5900 to $1.18) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$5.10 $1.06 Fair Value $0.7900 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range $1.06 – $5.10 · fair‑value band $0.5900 – $1.18 · the $1.25 price screens above the $0.7900 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

enCore Energy Corp (EU) currently trades at $1.25, while our model-based Fair Value estimate is $0.7900, implying the stock looks roughly 36.8% overvalued today. The Quality Score stands at 23/100 (below-average 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: low).

Over the trailing twelve months, enCore Energy Corp generated revenue of $43.2M at a net margin of -63.0%. Revenue grew 0.3% year over year. It earns a return on equity of -12.1%. Net debt stands at $60.8M. Fundamentals as of Jul 16, 2026

Our scenario range runs from $0.5900 (bear case) to $1.18 (bull case); at $1.25, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 70% below its 52-week high, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -63% fair-value upside, at -37%, EU screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
NCAV (Graham) $0.5900 $0.7900 $1.18 50
All 1 models by family
Asset-Based
NCAV (Graham) $0.5900 $0.7900 $1.18 50

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Key figures & financial health

Revenue (TTM) $43.2M
Revenue growth (YoY) +0.3%
Net margin -63.0%
Return on equity -12.1%
Free cash flow −$45.0M FY2025
Operating margin -134%
More key figures
EPS (TTM) $-0.1400
Net debt $60.8M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 23/100

Of which business quality 25 · Market factors (momentum, volatility) 8

Profitability 1
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 3
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 27
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

enCore Energy Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of uranium resource properties in the United States. The company is headquartered in Dallas, Texas.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

enCore Energy Corp reported revenue of $59.2M in FY2025 versus $0 in FY2021. Reported net income was −$78.0M in FY2025.

Growth Quality 27/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$59.2M
Latest YoY
+1.5%
Avg. growth/yr (3Y) 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.
+118.1%
Avg. growth/yr (6Y) 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.
+263.4%
Revenue
FY21 $0
FY22 $5.7M
FY23 $22.1M
FY24 $58.3M
FY25 $59.2M
Net income
FY21 −$8.6M
FY22 −$31.1M
FY23 −$25.6M
FY24 −$61.4M
FY25 −$78.0M

EU screens 37% overvalued. Compare with Cameco Corporation →

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Cite: Fair Value Calculator (2026). "enCore Energy Corp Fair Value". https://www.fairvalue-calculator.com/stock/EU

Peer Group

Uranium · 26 stocks

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.

Quality Score 25 · Bottom 25%
Fair Value upside −37% · Above median
Return on assets -11% · Bottom 25%
Net margin (TTM) -63% · Bottom 25%
Operating margin (TTM) -134% · Bottom 25%
Revenue growth 0% · Above median
Debt / equity 0.48× · Higher than 75% of peers

Valuation Multiples vs Uranium median · lower = cheaper

P/B 1.40× · Cheaper than median
P/S (TTM) 7.42× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 2 · sector 0
PAST 0 · sector 0
HEALTH 76 · sector 98
DIVIDEND 0 · sector 0

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

Values & ESG

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

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Uranium stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Cameco Corporation CCJ $95.99 $9.62 -90%
China National Uranium Co 001280 ¥56.66 ¥11.54 -80%
NexGen Energy Ltd NXE $9.25 $1.04 -89%
Sprott Physical Uranium Trust Fund UU $18.61 $29.76 +60%
Centrus Energy Corp LEU $156.05 $58.25 -63%
CGN Mining Company 1164 HK$2.42 HK$1.01 -58%
Deep Yellow Limited DYL A$1.23 A$0.3000 -76%
IsoEnergy Ltd ISOU $10.01 $1.78 -82%
Bannerman Energy Ltd BMN A$3.51 A$3.63 +3%
Uranium Royalty Corp UROY $2.76 $1.62 -41%

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Frequently asked questions

Is enCore Energy Corp (EU) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of $0.7900 versus a price of $1.25, about −37% (overvalued).
What is the fair value of EU?
Our model-based fair value for enCore Energy Corp is $0.7900 (as of Jul 16, 2026), built from audited fundamentals. The current price is $1.25.
What is the quality score of EU?
enCore Energy Corp has a Quality Score of 23/100. 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 revenue of enCore Energy Corp (EU)?
enCore Energy Corp reported trailing-twelve-month revenue of about $43.2M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of EU?
The net profit margin of enCore Energy Corp is about -63.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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