Energy Fuels (EFR) AI Stock Analysis

• Market Cap: $1.20B
• Dividend Yield: N/A
• Average Volume (3M): 598.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.01
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 1,370
• Sector: Energy
• Sector Strength: 44
• Industry: Uranium
• EPS (TTM): -0.39
• Shares Outstanding: 210,241,010
• 10 Day Avg. Volume: 600,054
• 30 Day Avg. Volume: 598,857
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 9.09
• Price to Cash Flow (P/CF): -4.90
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$10.84
• Price Target Upside: 90.14% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

Energy Fuels is positioned for growth with strong revenue increases and strategic partnerships in critical mineral supply chains. However, persistent net losses, negative cash flow, and bearish technical indicators weigh down the overall score. The company's robust balance sheet and strategic initiatives provide potential for future upside, but current operational inefficiencies need resolution to improve its financial health.

Positive Factors

Project Advancement

The Madagascar government has lifted the suspension on the Toliara Project, marking a significant step in de-risking the project and providing clarity on its development and production path.

Revenue Growth

Energy Fuels experienced notable year-over-year revenue growth driven by heavy mineral sand sales, showing strong sales performance.

Negative Factors

Guidance and Expectations

2025 guidance was well below prior expectations, driven by the current weak uranium spot price.

Profitability Issues

The decline in Energy Fuels' profitability during the quarter was attributable to a $6.5M decrease in uranium concentrate revenue, driven primarily by lower sales volumes.

Energy Fuels Business Overview & Revenue Model

Company Description

Energy Fuels Inc. (EFR) is a leading integrated U.S.-based uranium mining company, primarily engaged in the exploration, extraction, and production of uranium and vanadium. The company operates a number of key projects and facilities across the United States, including the White Mesa Mill in Utah, the only conventional uranium mill operating in the U.S. Energy Fuels is focused on supplying uranium for nuclear energy production, which is considered a clean and sustainable energy source. Additionally, the company has been expanding its operations to include rare earth elements, positioning itself as a crucial player in the clean energy and technology sectors.

How the Company Makes Money

Energy Fuels generates revenue primarily through the sale of uranium and vanadium, extracted from its mining operations, to utilities and other entities involved in nuclear energy production. The company sells processed uranium in the form of yellowcake (U3O8) under long-term contracts and spot market transactions, providing a stable revenue stream. Additionally, Energy Fuels produces and sells vanadium as a byproduct when market conditions are favorable. The company is also exploring opportunities in the rare earth elements market, which could diversify its revenue streams. Strategic partnerships and contracts with nuclear utilities and other energy companies significantly contribute to its earnings, leveraging its established infrastructure and expertise in resource extraction and processing.

Energy Fuels Financial Statement Overview

Summary

Energy Fuels demonstrates strong revenue growth, but struggles with profitability and cash flow. The balance sheet shows financial stability with minimal debt, yet persistent net losses and negative cash flow raise concerns about sustainability.

Income Statement

Revenue has shown significant growth over the past years, especially in 2024 with an increase to $78.1 million from $37.9 million in 2023, indicating strong top-line expansion. However, the company remains unprofitable with consistent net losses, and negative EBIT and EBITDA margins, reflecting operational inefficiencies and challenges in managing costs relative to revenue.

Balance Sheet

The company maintains a strong equity base with a high equity ratio of 86.2% in 2024, indicating low leverage and financial stability. The debt-to-equity ratio remains low at 0.004, suggesting minimal reliance on debt. However, the persistent net losses impact the return on equity, which remains negative.

Cash Flow

Operating cash flow is consistently negative, and free cash flow has deteriorated significantly in 2024 to -$74.99 million. The company's ability to convert net income into cash flow is weak, as evidenced by the negative free cash flow to net income ratio, raising concerns about the sustainability of operations without external financing.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
78.11M	37.93M	12.52M	3.18M	1.66M
	Gross Profit
22.20M	19.75M	4.67M	1.37M	14.00K
	EBIT
-47.52M	-32.37M	-44.94M	-35.42M	-22.98M
	EBITDA
-34.05M	-29.62M	-56.51M	-32.24M	-20.28M
	Net Income Common Stockholders
-47.77M	99.86M	-89.33M	-763.00K	-29.12M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
119.46M	190.49M	75.01M	113.01M	22.41M
	Total Assets
611.97M	401.94M	273.95M	315.45M	183.24M
	Total Debt
2.18M	1.32M	1.38M	469.00K	758.00K
	Net Debt
-36.42M	-56.13M	-61.44M	-112.05M	-19.41M
	Total Liabilities
80.29M	22.73M	29.54M	19.92M	25.69M
	Stockholders Equity
527.79M	375.25M	240.43M	291.57M	153.81M
Cash Flow		Free Cash Flow
-75.00M	-60.12M	-51.70M	-30.66M	-32.80M
	Operating Cash Flow
-43.97M	-15.41M	-49.70M	-29.29M	-32.18M
	Investing Cash Flow
-13.30M	-23.85M	-7.07M	3.19M	3.58M
	Financing Cash Flow
15.59M	30.41M	7.87M	117.94M	36.58M

Energy Fuels Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EFR, the sentiment is Neutral. The current price of 5.7 is above the 20-day moving average (MA) of 5.60, below the 50-day MA of 6.19, and below the 200-day MA of 7.47, indicating a neutral trend. The MACD of -0.27 indicates Positive momentum. The RSI at 29.77 is Positive, neither overbought nor oversold. The STOCH value of 6.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:EFR.

Energy Fuels Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	57 Neutral	$7.56B	4.34	-4.83%	6.50%	-0.19%	-64.60%
EFR	51 Neutral	$1.20B	―	-10.58%	―	―	―
CVV	47 Neutral	C$146.51M	―	-55.96%	―	―	19.32%
DML	47 Neutral	C$1.63B	33.39	-4.64%	―	―	―
URE	46 Neutral	$344.91M	―	-34.14%	―	36.51%	-14.93%
NXE	42 Neutral	$3.68B	27.25	-7.77%	―	―	-197.27%

Energy Fuels Corporate Events

Energy Fuels and Chemours Forge Alliance to Bolster U.S. Critical Mineral Supply Chain

Energy Fuels and The Chemours Company have announced a strategic alliance to enhance the U.S. domestic supply chain for critical minerals, such as rare earth elements, titanium, and zirconium. This partnership aims to leverage the complementary capabilities of both companies to address supply chain challenges and reduce reliance on foreign sources, thereby strengthening America’s industrial base and national security.

Energy Fuels and POSCO Collaborate to Establish Non-China Rare Earth Magnet Supply Chain

Energy Fuels Inc. has signed a Memorandum of Understanding with South Korea-based POSCO International to create a non-China rare earth magnet supply chain. This collaboration aims to link Energy Fuels’ U.S. rare earth oxide production with POSCO’s expertise in traction motor cores, potentially enabling the production of permanent rare earth magnets for electric vehicles in the U.S., Europe, Japan, and South Korea. The agreement could significantly impact the market by providing a scalable and geopolitically shielded supply chain for rare earth elements, with plans to power over 30,000 electric vehicles by the end of the year.

Energy Fuels Reports Strong 2024 Results and Strategic Advancements

Energy Fuels reported strong financial results for 2024, highlighting the resumption of U.S. uranium mining, profitable uranium sales, and commercial rare earth production. The company secured two critical mineral projects expected to provide low-cost rare earth feedstocks, enhancing its strategic positioning in the U.S. critical mineral space. These developments are part of Energy Fuels’ strategy to diversify into high-growth markets and secure domestic supply chains, positioning the company for long-term shareholder value and a significant role in American energy dominance.

Energy Fuels Schedules 2024 Earnings Call for February 27, 2025

Energy Fuels Inc. announced it will host a conference call and webcast on February 27, 2025, to discuss its 2024 financial results. The release of these results and the subsequent discussion will provide insights into the company’s performance and strategic positioning within the critical minerals and nuclear energy sectors. Stakeholders can participate in the call to gain a deeper understanding of the company’s operations and outlook.

Energy Fuels and Navajo Nation Forge Landmark Agreement on Uranium Transport

Energy Fuels Inc. has signed a landmark agreement with the Navajo Nation to safely resume the transportation of uranium ore from its Pinyon Plain Mine in Arizona to the White Mesa Mill in Utah. This agreement includes additional safety measures beyond USDOT requirements, addressing historical issues and strengthening relationships with the Navajo Nation. The deal marks a significant step in cleaning up abandoned uranium mines and repairing trust with the Navajo people, demonstrating a collaborative approach to addressing past grievances.