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NexGen Energy (TSE:NXE)
TSX:NXE
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NexGen Energy
(TSX:NXE)42Neutral
NexGen Energy (NXE) vs. S&P 500 (SPY)
Market Cap
$3.74B
Dividend YieldN/A
Average Volume (3M)2.03M
Price to Earnings (P/E)27.3
Beta (1Y)1.73
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees86
SectorEnergy
Sector Strength57
IndustryOther Energy Sources
Share Statistics
EPS (TTM)-0.14
Shares Outstanding569,088,500
10 Day Avg. Volume2,657,229
30 Day Avg. Volume2,030,019
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-103.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$13.08Price Target Upside98.86% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
NexGen Energy Business Overview & Revenue Model
Company DescriptionNexGen Energy Ltd. is a Canadian-based uranium exploration and development company primarily focused on the Rook I Project located in the Athabasca Basin of Saskatchewan, Canada. The company's core business revolves around the exploration and development of uranium resources with the goal of producing clean energy solutions. As a leading name in the energy sector, NexGen Energy aims to provide sustainable and efficient uranium production to meet global energy demands.
How the Company Makes MoneyNexGen Energy makes money primarily through the exploration and development of its uranium resources. The company's revenue model is centered around advancing its Rook I Project to the production stage, which involves extracting and selling uranium. Key revenue streams will include the sale of uranium to utility companies and other entities involved in nuclear energy production. Additionally, NexGen may also engage in partnerships or joint ventures with other mining or energy companies to optimize resource development and share operational costs. The company's earnings are significantly influenced by global uranium prices, demand for nuclear energy, and regulatory factors impacting the mining and energy sectors.
NexGen Energy Financial Statement Overview
Summary
NexGen Energy faces significant challenges with zero revenue and consistent losses, undermining its income statement performance. The balance sheet shows financial resilience with strong equity and liquidity, but cash flow issues persist despite financing activities, reflecting operational and capital expenditure challenges.Income Statement
NexGen Energy has reported zero revenue for the Trailing-Twelve-Months, indicating no operational income. The consistent negative EBIT and EBITDA suggest ongoing operational losses. The net profit margin is negative, further reflecting profitability challenges. The company shows no revenue growth, which is concerning for future prospects.10
Very Negative
Balance Sheet
The balance sheet shows a strong equity position with an equity ratio of approximately 71% in the TTM, indicating financial stability and low leverage. Although the debt-to-equity ratio is moderate, reflecting some reliance on debt for financing, the company maintains a substantial cash position, enhancing its liquidity.65
Positive
Cash Flow
The operating cash flow is negative, suggesting operational cash burn. Despite significant financing inflows, the free cash flow remains negative, indicating challenges in covering capital expenditures. The operating cash flow to net income ratio is negative, highlighting cash flow management issues.30
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -1.08M | -1.80M | -1.81M | -2.13M | -2.28M | -2.38M | EBIT |
| -17.50M | -82.93M | -59.86M | -125.36M | -113.79M | -1.92M | EBITDA |
| -79.23M | -83.72M | -58.04M | -119.71M | -97.88M | -1.20M | Net Income Common Stockholders |
| -77.56M | 80.82M | -60.27M | -126.95M | -114.49M | -16.55M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 476.59M | 290.74M | 140.22M | 211.12M | 74.02M | 52.12M | Total Assets |
| 1.66B | 1.01B | 554.56M | 546.56M | 357.39M | 313.53M | Total Debt |
| 456.80M | 160.42M | 82.48M | 75.18M | 230.88M | 122.23M | Net Debt |
| -19.79M | -130.32M | -51.96M | -126.62M | 156.86M | 70.11M | Total Liabilities |
| 478.20M | 187.41M | 99.14M | 85.22M | 238.14M | 127.18M | Stockholders Equity |
| 1.18B | 820.02M | 417.88M | 433.61M | 94.25M | 164.70M |
| Cash Flow | Free Cash Flow | ||||
| -187.66M | -168.42M | -20.53M | -63.70M | -28.86M | -70.49M | Operating Cash Flow |
| -24.09M | -52.62M | -20.18M | -16.79M | -10.62M | -12.81M | Investing Cash Flow |
| -130.68M | -160.14M | -68.05M | -46.71M | -18.24M | -57.68M | Financing Cash Flow |
| 349.18M | 368.89M | 19.86M | 191.35M | 51.23M | -1.41M |
NexGen Energy Technical Analysis
Negative
6.58
Price Trends
9.08
Negative
9.98
Negative
9.47
Negative
Market Momentum
-0.70
Positive
23.61
Positive
20.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NXE, the sentiment is Negative. The current price of 6.58 is below the 20-day moving average (MA) of 7.95, below the 50-day MA of 9.08, and below the 200-day MA of 9.47, indicating a bearish trend. The MACD of -0.70 indicates Positive momentum. The RSI at 23.61 is Positive, neither overbought nor oversold. The STOCH value of 20.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NXE.
NexGen Energy Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | C$25.56B | 152.25 | 2.73% | 0.27% | 21.18% | -52.58% | |
57 Neutral | $8.34B | 5.35 | -5.98% | 7.29% | 0.20% | -69.45% | |
48 Neutral | C$1.20B | ― | -10.58% | ― | 110.44% | -144.93% | |
42 Neutral | $3.74B | 27.25 | -7.77% | ― | ― | ― | |
38 Underperform | C$1.68B | 31.54 | -4.64% | ― | ― | ― | |
31 Underperform | C$14.14M | ― | -911.04% | ― | ― | 15.98% | |
28 Underperform | C$142.16M | ― | -5.74% | ― | ― | -34.39% |
* Energy Sector Average
Performance Comparison
TSE:NXE
NexGen Energy
6.58
-3.49
-34.66%
TSE:CCO
Cameco
58.71
2.11
3.73%
TSE:EFR
Energy Fuels
5.71
-2.55
-30.87%
TSE:DML
Denison Mines
1.88
-0.59
-23.89%
TSE:LAM
Laramide Resources
0.53
-0.28
-34.57%
TSE:PTU
Purepoint Uranium
0.22
-0.23
-51.11%
NexGen Energy Earnings Call Summary
Earnings Call Date: Mar 4, 2025 | % Change Since: -5.19% | Next Earnings Date: May 1, 2025
Earnings Call Sentiment Positive
The earnings call reflects strong financial health, significant advancements in exploration, and positive community engagement. However, there are concerns about the regulatory approval timeline and market uncertainty. Overall, the call leans positive due to the outweighing highlights.Highlights
Strong Financial Position
NexGen maintains a strong financial position with approximately CAD 540 million in cash and another CAD 314 million in strategic uranium inventory.
Regulatory Progress on Rook I Project
Substantial progress in the regulatory approval process for the Rook I Project, with the Canadian Nuclear Safety Commission nearing the conclusion of the permitting process.
Positive Exploration Results at Patterson Corridor East
Completion of a successful 2024 drilling campaign with over 34,000 meters drilled and exceptional results at Patterson Corridor East, including high-grade uranium discoveries.
Community and Sustainability Initiatives
Expanded community mentorship and education programs, including the Pathways to your Future Career in Mining Program and receiving the 2024 ABEX Community Involvement Award.
Increased Interest from Utilities for Offtake Agreements
Active negotiations with multiple global utilities for offtake agreements, driven by a strong demand for Western world production and diversification.
Lowlights
Regulatory Approval Delays
There are still outstanding issues in the regulatory approval process for the Rook I Project, causing potential delays in starting construction.
Market Uncertainty
Potential slowdown in contracting activity reported by some market participants, though not experienced directly by NexGen.
Company Guidance
During NexGen Energy's Q3 2024 earnings call, CEO Leigh Curyer highlighted several critical metrics and developments. Financially, NexGen maintains a robust position with approximately CAD 540 million in cash and an additional CAD 314 million in strategic uranium inventory. The company reported drilling over 34,000 meters at Patterson Corridor East, resulting in a significant new uranium discovery with high-grade intersections. The Rook I Project is advancing well, with the Canadian Nuclear Safety Commission nearing the conclusion of the regulatory approval process. NexGen is in advanced negotiations for multiple offtake agreements with global utilities and has forged an exclusive marketing partnership with WMC. On the community front, NexGen expanded its mentorship and education programs, engaging over 365 participants in 2024. The company continues to push forward on project development, sustainability initiatives, and strategic partnerships to meet the growing global demand for nuclear energy amidst a fragile uranium supply landscape.NexGen Energy Corporate Events
Business Operations and Strategy
NexGen Energy to Host 2024 Year-End Conference Call with Key Project Updates
Positive
Mar 3, 2025
NexGen Energy announced it will host its 2024 year-end conference call on March 5, 2025, where key executives will provide updates on the Rook I Project, including federal approvals, project development, and market dynamics. This call will offer insights into NexGen’s strategic positioning and operational progress, reflecting its commitment to leading the uranium mining industry with sustainable practices and robust economic performance.
Business Operations and Strategy
NexGen Energy Expands Exploration Program at Patterson Corridor East
Positive
Jan 30, 2025
NexGen Energy Ltd. has announced the start of an expanded 43,000-meter drill program at Patterson Corridor East (PCE) in the Athabasca Basin, Saskatchewan, for 2025. This program aims to explore the extents and growth of the uranium mineralization discovered in early 2024, with a significant increase from the previous year’s program. The focus is on testing the mineralized footprint, investigating high-grade zones, and identifying additional mineralization. The expansion reflects NexGen’s strategic focus on addressing the global uranium demand and supply gap. The company is well-funded with over $800 million in cash and liquid assets, ensuring the ongoing development of the Rook I Project and PCE exploration efforts.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.