CCO.TO · Intrinsic value
Is Cameco Corporation (CCO.TO) overvalued or undervalued?
Cameco Corporation (CCO.TO) trades at the delayed market price of CA$114.61 a share. That price already implies revenue growth of more than 25%/yr. TickerWorth's fair value is CA$17.84 a share (542% above fair value), as of Oct 19, 2026. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from market data · Updated Oct 19, 2026 · How these pages are made
Is CCO.TO overvalued?
- Fair value
- CA$17.84
- Market price
- CA$114.61
- Downside to fair value
- 84.4%
- Verdict
- 542% above fair value
Reverse DCF, on our cash-flow model rather than the fair value above: Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast.
What is CCO.TO's TickerWorth Score?
Priced far above peers — the business scores well
Compared with Energy companies in Canada
Its strongest point: strong balance sheet. Its weakest: looks expensive on the numbers.
- Value · 7 of 100
Cheaper than 7% of Energy companies worldwide
- Price vs worth · 0 of 100
- Quality · 31 of 100
More profitable than 31% of Energy companies worldwide
- Financial health · 91 of 100
Financially stronger than 91% of Energy companies worldwide
- Growth · 35 of 100
Growing faster than 35% of Energy companies worldwide
- Momentum · 7 of 100
Outperformed 7% of Energy companies worldwide over the past year
Confidence: Medium confidence · Scored
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CCO.TO DCF valuation: what the price assumes
At a recent price of C$114.61, Cameco Corporation (CCO.TO) trades 542% above TickerWorth's blended fair value of C$17.84 per share. For this company that blend leans on peer multiples: our discounted-cash-flow model holds margins flat and fades growth toward a long-run rate, which systematically understates a business growing this fast, so its figure (about C$6.25) is shown as a reference beside the range rather than blended into it. Our estimate sits below the market — read that as a statement about how the market prices CCO.TO against comparable companies, not as a finding that it is overvalued on cash flow. This is an educational model, not a price target or a recommendation.
Read the full reasoning
The valuation discounts Cameco Corporation's projected free cash flows at a weighted-average cost of capital (WACC) of 9.9%, with a long-run terminal growth rate of 2.5%. About 70% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — CCO.TO would need sustained revenue growth of more than 25%/yr to justify today's price, against about -1.7% a year compounded in our base case. We don't quote a precise figure here, because past about 25% a year the reverse-DCF stops being informative: it solves for revenue growth alone, holding margins, capital intensity and the forecast horizon fixed, so a price well above our fair value has nowhere to go but growth. The honest reading is that the price implies growth this model can't reconcile — not that we forecast it.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, CCO.TO's modeled DCF value ranges from about C$4.78 to C$9.19 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Cameco Corporation would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of CCO.TO's intrinsic value. Figures update as new filings and prices come in.
Every input behind CCO.TO's DCF
| Input | Value |
|---|---|
| Base-year revenueLive feed — totalRevenue (TTM) | C$3,474,620,000 |
| Base EBIT marginComputed — trailing operatingMargins, held roughly flat | 9.1% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | -7% → -4% → -2% → 1% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.3% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 1.01 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesLive feed — sharesOutstanding | 436M |
| Market priceLast known price · as of 2026-10-19 20:12 UTC | C$114.61 |
Change CCO.TO's assumptions
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What does Cameco Corporation do?
What does it do?
Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia. It operates in three segments: Uranium, Fuel Services, and Westinghouse. It operates in the Uranium industry (Energy sector), headquartered in Canada.
How does it make money?
The business turns $3.5B in annual revenue into profit. Out of every $100 of sales, about $9 is left as operating profit (operating margin of 9.1%), after a 35% gross margin on the products/services it sells. After all costs, taxes and interest, 10.2% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries modest debt (0.2× equity), comfortably covers its short-term bills (3.1× current ratio), and is currently profitable.
CCO.TO insider trading
Insider filings are available for US-listed companies only.
Common questions
What is CCO.TO's intrinsic value?
TickerWorth's blended fair value for Cameco Corporation (CCO.TO) is C$17.84 per share, versus a market price of C$114.61 (542% above fair value).
Is CCO.TO overvalued or undervalued?
Our cash-flow model understates a business growing this fast, so we don't call CCO.TO overvalued on it. Against a blend that leans on peer multiples, the price of C$114.61 sits 542% above our estimate. This is an educational estimate, not advice.
What discount rate is used for CCO.TO?
A WACC of 9.9% and a terminal growth rate of 2.5%.
Is Cameco stock undervalued?
TickerWorth's fair value for Cameco Corporation (CCO.TO) is CA$17.84 against a market price of CA$114.61. Our read: 542% above fair value. This is a model estimate, not investment advice.
Cameco (CCO.TO) DCF valuation and fair value
Our fair value for Cameco Corporation (CCO.TO) is CA$17.84, built on a 9.9% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Cameco stock?
Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of CA$114.61. A model estimate, not investment advice.
Cameco (CCO.TO) insider trading
We have no recent SEC Form 4 insider filings on file for Cameco Corporation (CCO.TO). Form 4 covers US-listed companies only.
Stocks below our fair value instead
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.