Centrus Energy Corp. (LEU) intrinsic value & 10-year financials
Centrus Energy Corp. (LEU) has a Graham intrinsic value of $129.54 per share. At $114.94 on Oct 17, 2026, the stock trades 11% below that value. Over the last 10 fiscal years revenue grew 4.2% a year to $448.7M, with an average return on invested capital of -29.6%.
- Graham intrinsic value
- $129.54
- Share price (Oct 17, 2026)
- $114.94
- Price vs Graham value
- 11% below
- Market cap
- $2.3B
- Revenue (FY2025)
- $448.7M
- Revenue growth (10-yr CAGR)
- 4.2%
- ROIC (10-yr avg)
- -29.6%
- Free cash flow (FY2025)
- $31.3M
LEU 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $448.7M | $77.8M | $3.90 | $31.3M | 11.2% | -172.9% |
| FY2024 | $442.0M | $73.2M | $4.47 | $32.9M | 10.9% | -85.0% |
| FY2023 | $320.2M | $84.4M | $5.44 | $7.5M | 16.4% | -45.7% |
| FY2022 | $293.8M | $52.2M | $3.38 | $19.9M | 20.3% | -24.0% |
| FY2021 | $298.3M | $175.0M | $9.75 | $48.8M | 22.9% | -23.1% |
| FY2020 | $247.2M | $54.4M | $0.57 | $65.7M | 20.6% | -14.6% |
| FY2019 | $209.7M | -$16.5M | -$2.54 | $11.2M | -9.4% | 6.2% |
| FY2018 | $193.0M | -$104.1M | — | -$74.5M | -47.9% | 33.2% |
| FY2017 | $218.4M | $12.2M | $0.58 | -$25.6M | -8.0% | 6.6% |
| FY2016 | $311.3M | -$67.0M | — | $34.7M | -19.8% | 23.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CENTRUS ENERGY CORP has demonstrated mature, steady growth, with revenue compounding at 4.1% annually over the past decade.
CENTRUS ENERGY CORP has historically struggled to out-earn its cost of capital, averaging just -12.5% ROIC.
CENTRUS ENERGY CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CENTRUS ENERGY CORP is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $129.54 per share.