Friday 6 November 2026
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enCore Energy Corp.
enCore Energy Corp.’s revenue for fiscal 2025 (year ended December 2025) was $43.2 million, down 26.0% from fiscal 2024.
- Revenue
- +328.4%
- EPS
- −600.0%
- Free cash flow
- −57.0%
- Total debt
- +54,582.2%
Quarter to June 2026, against a year earlier
0.64
0.01
+1.59%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 22 | 58 | 43 | 55 | +39.6% | 68 | 77 | 148 | +50.9% | |
| Gross margin, % | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 11.63 | (12.35) | 22.46 | 10.76 | +22.5 pt | ||||||
| EBT | — | — | 0 | (1) | (2) | (9) | (17) | (26) | (74) | (64) | (71) | +115.3% | ||||||
| EBT margin, % | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (117.74) | (126.72) | (147.17) | (129.23) | (147.2) pt | ||||||
| Net income | — | — | 0 | (1) | (2) | (9) | (17) | (26) | (68) | (63) | (71) | +115.1% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.32 | 0.23 | 0.28 | n/m | |||||
| Earnings | — | — | 0.00 | (0.01) | (0.01) | (0.13) | (0.16) | (0.18) | (0.34) | (0.30) | (0.33) | n/m | ||||||
| Cash flow | — | — | 0.00 | 0.00 | (0.01) | (0.06) | (0.66) | (0.16) | (0.25) | (0.13) | (0.26) | +88.2% | ||||||
| Capex | — | — | 0.00 | 0.00 | 0.00 | (0.04) | (0.10) | (0.41) | (0.06) | (0.11) | (0.07) | n/m | ||||||
| Free cash flow | — | — | 0.00 | 0.00 | (0.01) | (0.10) | (0.76) | (0.57) | (0.31) | (0.25) | (0.33) | +105.3% | ||||||
| Book value | — | — | 0.04 | 0.05 | 0.08 | 2.28 | 2.04 | 1.82 | 1.75 | 1.38 | 1.26 | +66.5% | ||||||
| Shares, m | — | — | 114 | 134 | 151 | 65 | 106 | 144 | 182 | 187 | 190 | +7.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | — | 0.00 | 10.54 | 10.65 | 2.25 | 7.1 | ||||||
| P/B | — | — | — | — | — | — | — | 2.11 | 1.93 | 1.78 | 0.51 | 1.9 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 9.82 | 11.47 | 3.29 | 7.1 | ||||||
| EV/FCF | — | — | — | — | — | — | — | (4.03) | (3.46) | (10.76) | (2.81) | (6.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | 0 | (1) | (1) | (4) | (69) | (23) | (45) | (25) | (50) | +102.3% | |||||
| Capex | — | — | 0 | 0 | 0 | (3) | (11) | (59) | (11) | (21) | (14) | +86.6% | ||||||
| Free cash flow | — | — | 0 | (1) | (1) | (7) | (80) | (82) | (57) | (46) | (64) | +120.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | 0 | 2 | 5 | 6 | 7 | 19 | 57 | 96 | 87 | +113.8% | |||||
| Net debt | — | — | (1) | (2) | (5) | (9) | (6) | (5) | (64) | 14 | 36 | n/m | ||||||
| Shareholders’ equity | — | — | 4 | 6 | 12 | 149 | 215 | 262 | 319 | 258 | 245 | +78.7% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | 0.00 | (19.12) | (14.06) | (9.63) | (8.63) | (9.31) | (17.07) | (13.81) | (16.06) | (13.8) pt | |||||
| ROIC | — | — | 0.00 | 0.00 | 0.00 | (4.11) | (5.59) | (9.90) | (17.69) | (15.09) | (11.19) | (15.1) pt | ||||||
| ROE | — | — | 0.00 | (20.06) | (18.79) | (10.60) | (9.07) | (10.74) | (21.15) | (19.71) | (23.08) | (19.7) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 196 | 251 | — | +28.1% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.30 | 0.17 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
enCore Energy Corp. vs peers in Uranium (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| UEC Uranium Energy Corp. | $3.2B | — (loss-making) | — (loss-making) | −0.22% (below 0%: shrinking) | n/m | +56.73% (above 0%: growing) | 40.28% | (228.60%) | Compare |
| DNN Denison Mine Corp | $1.9B | — (loss-making) | — | −43.62% (below 0%: shrinking) | +100.00% (above 0%: growing) | −70.02% (below 0%: shrinking) | (82.35%) | 3,725.65% | Compare |
| LEU Centrus Energy Corp. | $1.8B | 27.0× | 41.0× | −25.90% (below 0%: shrinking) | +629.33% (above 0%: growing) | −2,310.53% (below 0%: shrinking) | (19.10%) | (53.51%) | Compare |
| UUUU Energy Fuels Inc | $1.8B | — (loss-making) | — | +64.77% (above 0%: growing) | n/m | +50.27% (above 0%: growing) | 61.26% | (86.75%) | Compare |
| UROY Uranium Royalty Corp. | $1.1B | 7.9× | — | +112.86% (above 0%: growing) | +1,198.70% (above 0%: growing) | +133.85% (above 0%: growing) | 33.70% | 31.74% | Compare |
| ISOU IsoEnergy Ltd. | $514.9M | — (loss-making) | — | — | n/m | +23.93% (above 0%: growing) | — | 0.00% | Compare |
| EU enCore Energy Corp. | $122.7M | — (loss-making) | — (loss-making) | +328.38% (above 0%: growing) | n/m | −56.99% (below 0%: shrinking) | (16.41%) | (187.91%) | |
| NUCL Eagle Nuclear Energy Corp. | $119.0M | — (loss-making) | — | — | n/m | −82.17% (below 0%: shrinking) | — | 0.00% | Compare |
| JAGU Jaguar Uranium Corp. | $19.0M | — (loss-making) | — | — | n/m | −483.38% (below 0%: shrinking) | — | 0.00% | Compare |
| Median of peers | $1.4B | — | — | −0.22% | +629.33% | −23.05% | 33.70% | 0.00% |
Pay and ownership Proxy statement filed 30 April 2026
Ownership
Directors and executive officers, together
3.00%
MMCAP International Inc.
8.60%
Van Eck Associates Corp.
6.10%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement