Cameco Corp (CCJ) is overvalued and Energy Fuels Inc (UUUU) is overvalued.
Both trade above our estimate of their intrinsic value. CCJ is the closer of the two: -773%, against -897% for UUUU.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.5% (average of 3 methods) values the shares at $10.84; the price of $94.59 is 773% above that value, and 72% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
A 0.6x revenue multiple, discounted for its losses, values the shares at $1.22; the price of $12.14 is 897% above that value.
Leak Score 0/100 on 2 of 12 signals
| Metric | CCJ | UUUU |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $94.59 | $12.14 |
| Intrinsic value | $10.84 | $1.22 |
| Margin of safety | -773% | -897% |
| Leak Score | 27/100 (3/12) | 0/100 (2/12) |
| Market cap | $41.2B | $3.2B |
| Revenue growth, 5 years | 13.2% | 108.9% |
| Operating margin | 14.0% | -78.7% |
| Net margin | 10.2% | -77.3% |
| Return on equity | 5.1% | -11.4% |
| Debt to equity | 0.14 | 0.86 |
| P/E | 160.8x | — |
| Forward P/E | 52.1x | 80.3x |
| P/B | 8.2x | 3.8x |
| Dividend yield | 0.2% | — |