Uranium Energy Corp. (UEC) intrinsic value & 10-year financials

Uranium Energy Corp. (UEC) has a Graham intrinsic value of $0.66 per share. At $7.91 on Oct 17, 2026, the stock trades 1098% above that value. Over the last 10 fiscal years revenue grew 42.4% a year to $66.8M, with an average return on invested capital of -15.9%.

Graham intrinsic value
$0.66
Share price (Oct 17, 2026)
$7.91
Price vs Graham value
1098% above
Market cap
$3.4B
Revenue (FY2025)
$66.8M
Revenue growth (10-yr CAGR)
42.4%
ROIC (10-yr avg)
-15.9%
Free cash flow (FY2025)
-$69.9M

UEC 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $66.8M -$87.7M -$0.20 -$69.9M -109.7% -9.9%
FY2024 $224.0K -$29.2M -$0.07 -$108.5M -25179.5% -5.0%
FY2023 $164.4M -$3.3M -$0.01 $72.0M 5.4% -0.7%
FY2022 $23.2M $5.3M $0.02 -$53.6M -98.1% 2.5%
FY2021 $0 -$14.8M -$0.07 -$41.6M — -14.4%
FY2020 $0 -$14.6M -$0.08 -$13.0M — -17.5%
FY2019 $0 -$17.2M — -$12.7M — -21.0%
FY2018 — -$17.8M — -$12.5M — -27.7%
FY2017 $0 -$18.0M — -$10.5M — -31.9%
FY2016 $0 -$17.3M — -$13.1M — -33.7%

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

Executive summary

URANIUM ENERGY CORP revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

URANIUM ENERGY CORP has historically struggled to out-earn its cost of capital, averaging just -15.9% ROIC.

URANIUM 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, URANIUM ENERGY CORP is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.66 per share.

UEC stock: frequently asked questions

What is the intrinsic value of Uranium Energy Corp. (UEC) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, UEC's intrinsic value is about $0.66 per share.

Is UEC stock undervalued?

At $7.91 (close on Oct 17, 2026), UEC trades 1098% above its Graham value of $0.66. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Uranium Energy Corp. grown?

Revenue went from $0 in fiscal 2016 to $66.8M in fiscal 2025, a compound annual growth rate of 42.4%. Net income was -$87.7M in fiscal 2025.

Does Uranium Energy Corp. generate free cash flow?

Uranium Energy Corp. generated -$69.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 10 reported years.

What is UEC's return on invested capital?

Average ROIC over the last 10 fiscal years was -15.9%, and average return on equity was -20.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this UEC data come from?

From Uranium Energy Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Jun 9, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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