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NexGen Energy

NXE
Uranium · Energy
Price
$8.80
-0.06 (-0.68%)
Market Cap
$5.82B
Exchange
New York Stock Exchange
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+28.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 459.3M (2021) → 588.4M (2025)

NexGen Energy is a Canadian uranium company focused on developing one of the largest undeveloped uranium deposits in the world. Its main asset is the Rook I Project, located in the Athabasca Basin in Saskatchewan, Canada. The company does not yet produce uranium but is working to build a mine that would supply uranium to nuclear power plants around the world.

NexGen does not currently earn revenue — it is a development-stage company spending money to build its mine rather than selling a product. It is funded through equity raises and has a strong competitive position because the Rook I deposit, called Arrow, is exceptionally large and high-grade compared to most uranium projects globally. The key growth driver is receiving final regulatory approvals and moving into construction, but the main risks are permitting delays, uranium price swings, and the long timeline before the company generates any actual cash flow.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+41.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

Research and development spending

Insider Activity

6.6%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~5 years

$802M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$802M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
N/A
Data not available
Operating Margin
N/A
Data not available
ROCE
-1.5%
Weak — -1.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
N/A
Data not available
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
N/A
Data not available

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Stability

Debt / Equity
0.32
Conservative — low debt load (0.32)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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