Download PDF

1. Company Snapshot

1.a. Company Description

Centrus Energy Corp.supplies nuclear fuel and services for the nuclear power industry in the United States, Japan, Belgium, and internationally.The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions.


The LEU segment sells separative work units (SWU) component of LEU; SWU and natural uranium components of LEU; and natural uranium for utilities that operate nuclear power plants.The Technical Solutions segment offers technical, manufacturing, engineering, procurement, construction, and operations services to public and private sector customers, including the American Centrifuge engineering and testing activities.The company was formerly known as USEC Inc.


and changed its name to Centrus Energy Corp.in September 2014.Centrus Energy Corp.


was incorporated in 1998 and is headquartered in Bethesda, Maryland.

Show Full description

1.b. Last Insights on LEU

Centrus Energy Corp.'s recent performance was driven by strong Q1 2025 earnings and revenue beat, with net income of $27.2 million on $73.1 million in revenue, compared to a net loss of $6.1 million on $43.7 million in revenue in Q1 2024. The company's transition to uranium enrichment is progressing on schedule, and its main business involves enriching raw uranium to make it useful for power generation. The company's consolidated cash balance of $653.0 million as of March 31, 2025, also indicates a strong financial position.

1.c. Company Highlights

2. Centrus Energy's 2025 Earnings: A Milestone Year

Centrus Energy reported a revenue of $448.7 million for the full year 2025, a 1.5% increase over 2024 levels. The company's gross profit was $117.5 million, a 5% increase over 2024. However, the earnings per share (EPS) came in at $0.79, below analyst estimates of $1.42. The company's LEU segment generated $346.2 million in revenue, relatively flat compared to 2024 levels.

Publication Date: Mar -08

📋 Highlights
  • 2025 Revenue:: $448.7 million, with $117.5 million gross profit and $77.8 million net income.
  • HALEU Award:: $900 million contract from DOE to build HALEU enrichment capacity, with first cascade expected by 2029.
  • LEU Backlog:: $2.3 billion in commercial LEU commitments to be addressed through industrial build-out.
  • 2026 CapEx:: $26 million allocated for long-lead procurement and engineering ahead of 2027-2029 expansion phase.
  • 42-Month Timeline:: Centrus aims to accelerate capacity ramp for LEU/HALEU, depending on supply chain, financing, and government approvals.

Segment Performance

The LEU segment's stable revenue was a notable aspect of the company's performance. The company's total revenue growth was driven by its overall execution and preparation for the industrial build-out ahead. The guidance for 2026 is for flat year-over-year revenue, indicating a stable outlook for the near term.

Operational Highlights

Centrus Energy achieved significant milestones in 2025, including the announcement to begin commercial centrifuge manufacturing to address the commercial LEU market and its substantial backlog. The Department of Energy selected Centrus for a $900 million HALEU enrichment award, a significant vote of confidence in the company's capabilities. As Amir Vexler, President and CEO, noted, "2025 was a milestone year for Centrus, punctuated by December's announcement to begin commercial centrifuge manufacturing..."

Valuation and Outlook

With a P/E Ratio of 45.75 and a P/S Ratio of 7.98, Centrus Energy's valuation suggests that the market is pricing in significant growth expectations. The company's ROE of 18.29% indicates a strong return on equity. However, the EV/EBITDA ratio of 25.82 suggests that the company's enterprise value is relatively high compared to its EBITDA. Analysts estimate revenue growth of 7.3% for the next year, which may be achievable given the company's significant backlog and the Department of Energy's award.

Future Prospects

The company's strategy to build both LEU and HALEU capacity is expected to drive future growth. The initial enrichment capacity timeline has several important milestones that will de-risk its progress. With a strong list of partners, including Fluor, and a focus on continuous improvement, Centrus Energy is well-positioned to capitalize on the growing demand for nuclear energy. The company's guidance for 2026 and its long-term prospects will be closely watched by investors in the coming months.

3. NewsRoom

Card image cap

LEU vs NXE: Which Uranium Stock Offers Better Upside Now?

Mar -26

Source: zacks.com

Card image cap

'Buy the Dip' Signal on Uranium Stock Has Never Been Wrong

Mar -24

Source: schaeffersresearch.com

Card image cap

Better Nuclear Energy Stock: Cameco (CCJ) vs. Centrus Energy (LEU)

Mar -24

Source: fool.com

Card image cap

Centrus Energy (NYSE:LEU) Trading Down 6.4% – What’s Next?

Mar -22

Source: defenseworld.net

Card image cap

Centrus Energy Sees Modest 2025 Revenue Rise: Is a Rebound Ahead?

Mar -19

Source: zacks.com

Card image cap

Artificial Intelligence (AI) Is Creating a Nuclear Power Renaissance. Here Are 3 Stocks to Buy for 2026.

Mar -16

Source: fool.com

Card image cap

Aquatic Capital Management LLC Buys Shares of 36,779 Centrus Energy Corp. $LEU

Mar -16

Source: defenseworld.net

Card image cap

Better Nuclear Energy Stock: Oklo vs. Centrus Energy

Mar -16

Source: fool.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.54%)

6. Segments

Low-Enriched Uranium

Expected Growth: 10.0%

Centrus Energy Corp.'s Low-Enriched Uranium growth is driven by increasing demand for nuclear power, government support for clean energy, and rising uranium prices. Additionally, the company's strategic partnerships, efficient production processes, and growing sales to utility customers contribute to its 10.0% growth.

Technical Solutions

Expected Growth: 8.0%

Centrus Energy Corp.'s Technical Solutions segment growth is driven by increasing demand for nuclear energy, government investments in nuclear power, and the company's strategic partnerships. Additionally, the segment benefits from its diversified customer base, innovative technology, and cost-effective solutions, enabling it to capitalize on the growing nuclear industry.

Intersegment Elimination

Expected Growth: 0.0%

Centrus Energy Corp's Intersegment Elimination with 0.0% growth is driven by the absence of significant transactions between its reportable segments, indicating a lack of material eliminations. This suggests a well-integrated business model with minimal interdependencies, allowing for a more accurate representation of its financial performance.

7. Detailed Products

Low-Enriched Uranium (LEU)

Centrus Energy Corp. supplies low-enriched uranium (LEU) to nuclear power plants, which is used as fuel to generate electricity.

High-Assay Low-Enriched Uranium (HALEU)

Centrus Energy Corp. provides high-assay low-enriched uranium (HALEU) for advanced reactors and small modular reactors, offering higher energy density and efficiency.

Nuclear Fuel Cycle Services

Centrus Energy Corp. offers nuclear fuel cycle services, including uranium enrichment, fuel fabrication, and waste management, to support the nuclear industry.

Technical Services

Centrus Energy Corp. provides technical services, including engineering, consulting, and project management, to support the nuclear industry.

Enrichment Services

Centrus Energy Corp. offers enrichment services, including uranium enrichment and downblending, to support the nuclear fuel cycle.

8. Centrus Energy Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Centrus Energy Corp. faces moderate threat from substitutes due to the availability of alternative energy sources such as solar and wind power.

Bargaining Power Of Customers

Centrus Energy Corp. has a diverse customer base, which reduces the bargaining power of individual customers.

Bargaining Power Of Suppliers

Centrus Energy Corp. relies on a few key suppliers for its uranium fuel, giving them some bargaining power.

Threat Of New Entrants

The nuclear energy industry has high barriers to entry, making it difficult for new entrants to compete with Centrus Energy Corp.

Intensity Of Rivalry

The nuclear energy industry is highly competitive, with several established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 84.38%
Debt Cost 3.95%
Equity Weight 15.62%
Equity Cost 10.76%
WACC 5.01%
Leverage 540.25%

11. Quality Control: Centrus Energy Corp. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
NACCO

A-Score: 6.2/10

Value: 7.9

Growth: 3.3

Quality: 6.2

Yield: 5.0

Momentum: 9.5

Volatility: 5.3

1-Year Total Return ->

View Full Report
Stock-Card
MRC Global

A-Score: 4.6/10

Value: 7.1

Growth: 5.2

Quality: 2.9

Yield: 0.0

Momentum: 6.0

Volatility: 6.3

1-Year Total Return ->

View Full Report
Stock-Card
Mexco Energy

A-Score: 4.5/10

Value: 7.2

Growth: 7.2

Quality: 7.5

Yield: 1.0

Momentum: 1.5

Volatility: 2.3

1-Year Total Return ->

View Full Report
Stock-Card
ProPetro Holding

A-Score: 4.1/10

Value: 7.3

Growth: 3.8

Quality: 4.0

Yield: 0.0

Momentum: 8.0

Volatility: 1.3

1-Year Total Return ->

View Full Report
Stock-Card
Centrus Energy

A-Score: 3.8/10

Value: 1.3

Growth: 4.2

Quality: 6.5

Yield: 0.0

Momentum: 10.0

Volatility: 1.0

1-Year Total Return ->

View Full Report
Stock-Card
Amplify Energy

A-Score: 3.2/10

Value: 8.1

Growth: 3.0

Quality: 4.5

Yield: 0.0

Momentum: 1.5

Volatility: 2.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

193.11$

Current Price

193.11$

Potential

-0.00%

Expected Cash-Flows