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Yellow Cake plc
(LSE:YCA)
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Rating:49Neutral
Price Target:
582.00 p
▼(-3.80% Downside)
Action:Reiterated
Date:07/16/26
The score is held up by a very conservative balance sheet with no debt, but is weighed down by poor cash conversion (negative operating and free cash flow in most recent years) and volatile earnings/revenue. Technically, the stock is trading below key moving averages with negative MACD, and valuation is difficult to support given the negative P/E and no dividend yield data.
Positive Factors
Debt-Free Balance Sheet
A debt-free structure limits interest burdens, refinancing risk and creditor claims. This gives Yellow Cake greater resilience through uranium-price cycles and preserves flexibility to hold its inventory without leverage-related financial stress.
Negative Factors
Weak Cash Generation
Persistent negative operating and free cash flow reduces the quality of reported profits and may require inventory sales or external funding for commitments. This weakens financial self-sufficiency despite the company’s debt-free balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free structure limits interest burdens, refinancing risk and creditor claims. This gives Yellow Cake greater resilience through uranium-price cycles and preserves flexibility to hold its inventory without leverage-related financial stress.
Read all positive factors
Yellow Cake plc (YCA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.47B
Dividend YieldN/A
Average Volume (3M)1.87M
Price to Earnings (P/E)4.2
Beta (1Y)1.06
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees2
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)1.90
Shares Outstanding251,923,190
10 Day Avg. Volume1,683,866
30 Day Avg. Volume1,874,876
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.86
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£704.00Price Target Upside16.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.41
Revenue Forecast (FY)N/A
Yellow Cake plc Business Overview & Revenue Model
Company Description
Yellow Cake Plc operates in the uranium sector, which engages in purchase and hold of U3O8. The firm focuses on offering shareholders exposure to the uranium price through the purchase and storage of physical uranium. It also involves in exploitin...
How the Company Makes Money
Yellow Cake does not operate mines or sell uranium as a producer; instead, it is primarily a vehicle designed to benefit from changes in the uranium price through its holdings of physical uranium. The company makes money mainly through increases i...
Yellow Cake plc Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
86
Very Positive
Cash Flow
28
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | -456.11M | 735.02M | -96.90M | -5.96M |
| Gross Profit | 0.00 | -456.11M | 735.02M | -97.13M | -7.84M |
| EBITDA | -18.02M | -471.30M | 722.93M | -1.77M | 417.71M |
| Net Income | 412.80M | -469.23M | 727.01M | -102.94M | 417.27M |
Balance Sheet | |||||
| Total Assets | 2.11B | 1.42B | 1.89B | 1.04B | 1.07B |
| Cash, Cash Equivalents and Short-Term Investments | 174.09M | 20.01M | 133.19M | 84.43M | 153.14M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 5.35M | 3.40M | 3.54M | 1.93M | 970.00K |
| Stockholders Equity | 2.11B | 1.41B | 1.88B | 1.04B | 1.07B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -13.17M | -6.48M | -5.17M | -9.23M |
| Operating Cash Flow | -9.62M | -13.17M | -6.48M | -5.17M | -9.23M |
| Investing Cash Flow | -107.01M | -100.00M | -66.02M | -132.69M | -193.96M |
| Financing Cash Flow | 205.58M | 0.00 | 121.26M | 69.20M | 230.13M |
Yellow Cake plc Technical Analysis
Positive
605.00
Price Trends
549.42
Positive
565.22
Positive
582.58
Positive
Market Momentum
13.71
Negative
57.26
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:YCA, the sentiment is Positive. The current price of 605 is above the 20-day moving average (MA) of 570.27, above the 50-day MA of 549.42, and above the 200-day MA of 582.58, indicating a bullish trend. The MACD of 13.71 indicates Negative momentum. The RSI at 57.26 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:YCA.
Yellow Cake plc Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | £4.56B | 19.67 | 9.66% | 6.13% | 17.03% | ― | |
67 Neutral | £4.55B | 23.81 | 10.32% | 0.10% | 28.04% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | £1.35B | -7.05 | -65.81% | 8.99% | 27.35% | -228.25% | |
49 Neutral | £1.47B | 4.17 | 20.65% | ― | ― | ― | |
43 Neutral | £3.91M | -2.92 | -14.51% | ― | -84.98% | 35.48% |
* Energy Sector Average
GB:YCA
Yellow Cake plc
585.00
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11.22%
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251.00
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GB:THAL
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GB:ENOG
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GB:ITH
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275.40
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29.13%
Yellow Cake plc Corporate Events
Business Operations and Strategy
Yellow Cake boosts uranium stockpile with $100m Kazatomprom delivery
Positive
Aug 12, 2026
Yellow Cake plc has expanded its physical uranium holdings with the delivery of 1,160,766 lb of U3O8 from Kazatomprom to Orano’s storage facility in France, under its 2026 purchase option at a price of USD 86.15 per pound. The transaction, w...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Yellow Cake publishes 2026 report and sets AGM as uranium holdings grow
Neutral
Jul 28, 2026
Yellow Cake plc, a Jersey-headquartered, London-quoted uranium investment vehicle, provides exposure to the uranium spot market by accumulating and holding physical U3O8 for the long term, supported by a decade-long supply agreement with Kazatompr...
Business Operations and StrategyFinancial Disclosures
Yellow Cake boosts uranium stockpile as long‑term prices strengthen
Positive
Jul 27, 2026
Yellow Cake reported a relatively stable uranium spot market in the second quarter of 2026, with prices hovering in the mid‑US$80s per pound and longer‑term price indicators strengthening. Forward and long‑term uranium prices ros...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Yellow Cake rides uranium rally to profit and record asset base
Positive
Jul 15, 2026
Yellow Cake reported a sharp improvement in its annual performance as rising uranium prices and expanded holdings boosted asset values and profitability. The company’s net asset value increased to $2.11 billion, with its U3O8 inventory growi...
Business Operations and StrategyStock Buyback
Yellow Cake completes US$10m share buyback and boosts treasury holding
Positive
Jul 13, 2026
Yellow Cake plc has completed its previously announced share buyback programme, purchasing 257,976 ordinary shares between 6 and 10 July on the London Stock Exchange via Canaccord Genuity. The latest tranche was acquired at prices between 525.50 a...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Yellow Cake Expands Share Buyback, Boosts Treasury Holdings
Positive
Jul 6, 2026
Yellow Cake has continued executing its share buyback programme, repurchasing 370,000 ordinary shares on the London Stock Exchange between 29 June and 3 July 2026 at a volume-weighted average price of 538.46 pence. The transactions, carried out th...
Business Operations and StrategyStock Buyback
Yellow Cake expands share buyback as uranium-holding strategy underpins confidence
Positive
Jun 29, 2026
Yellow Cake plc, a specialist investor in physical uranium and uranium-related activities, has continued its share buyback programme on the London Stock Exchange, acquiring 360,000 ordinary shares between 22 and 26 June 2026 via Canaccord Genuity....
Business Operations and StrategyStock Buyback
Yellow Cake tightens free float with first tranche of share buyback
Positive
Jun 22, 2026
Yellow Cake plc, a specialist investor in physical uranium and uranium-related activities, operates as a proxy for the uranium spot market, leveraging a decade-long supply agreement with Kazatomprom and substantial U3O8 inventories stored in Canad...
Business Operations and StrategyStock Buyback
Yellow Cake launches US$10m buyback as shares trade below NAV
Positive
Jun 15, 2026
Yellow Cake plc has launched a US$10 million share buyback programme over 60 days to repurchase its ordinary shares, aiming to reduce its issued share capital and hold the repurchased stock in treasury. The move follows a widening discount of the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.