NexGen Energy

NXG.AX

Uranium · Energy

Price

A$14.47

-0.28 (-1.90%)

Market Cap

A$9.58B

Exchange

Australian Securities Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Track this stock — start free trial

Share count rising — dilution

+11.2% over 4y

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

Diluted shares outstanding: 529.2M (2021) → 588.4M (2025)

Winston Score History

The full picture

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 — a region known for producing some of the highest-grade uranium ore on Earth. The company does not yet mine or sell uranium; it is still in the development and permitting stage.

NexGen does not currently generate revenue, which explains its 0% margins. It is funded through equity raises and has a market cap of roughly $10.5 billion, reflecting investor expectations about future uranium production rather than current earnings. The company's main competitive advantage is the sheer size and grade of the Rook I deposit, which could make it a low-cost producer once operational. The key risk is that the project still requires full regulatory approval and construction, meaning production remains years away and any permitting delays could significantly affect the timeline.

Growth Profile

For growth stock investors

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

+178.6% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

C$0/ year

Research and development spending

Insider Activity

5.9%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~3 years

C$1.2B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

C$1.2B 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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

N/A

—

Data not available

Profit after running costs

Operating Margin

N/A

—

Data not available

Return on the money invested

ROCE

-4.5%

Weak — -4.5% return on capital

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

N/A

—

Data not available

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

N/A

—

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.33

Conservative — low debt load (0.33)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial