enCore Energy Corp. (EU) intrinsic value & 10-year financials

enCore Energy Corp. (EU) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue grew 116.6% a year to $43.2M, with an average return on invested capital of -20.0%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.83
Market cap
$154.4M
Revenue (FY2025)
$43.2M
Revenue growth (5-yr CAGR)
116.6%
ROIC (10-yr avg)
-20.0%
Free cash flow (FY2025)
-$45.0M

EU 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $43.2M -$56.9M -$0.30 -$45.0M -152.4% -23.4%
FY2024 $58.3M -$61.4M -$0.34 -$56.6M -123.7% -25.3%
FY2023 $22.1M -$25.6M -$0.18 -$30.7M -183.9% -15.7%
FY2022 $4.2M -$23.2M -$0.22 -$21.3M -610.4% -15.4%
FY2021 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

enCore Energy Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

enCore Energy Corp. has historically struggled to out-earn its cost of capital, averaging just -20.0% ROIC.

enCore Energy Corp. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, enCore Energy Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-9.96 per share.

EU stock: frequently asked questions

What is the intrinsic value of enCore Energy Corp. (EU) stock?

Graham's formula only works with positive earnings. enCore Energy Corp. reported diluted EPS of -$0.30 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does enCore Energy Corp. generate free cash flow?

enCore Energy Corp. generated -$45.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 4 reported years.

What is EU's return on invested capital?

Average ROIC over the last 5 fiscal years was -20.0%, and average return on equity was -17.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this EU data come from?

From enCore Energy Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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