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Yellow Cake plc
(LSE:YCA)
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Rating:57Neutral
Price Target:
544.00 p
▼(-10.08% Downside)
Action:Reiterated
Date:10/16/26
The score is supported mainly by a strong, low-risk balance sheet (no debt) and a low P/E valuation, but it is held back by weak cash-flow quality and volatile operating results, alongside bearish technical momentum (price below key moving averages with negative MACD and low RSI/Stoch).
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet materially lowers financial risk and avoids interest or refinancing pressure. This gives Yellow Cake greater resilience through uranium-price cycles and preserves flexibility to hold its inventory without servicing obligations that could force unfavorable asset sales.
Negative Factors
Weak Cash Generation
Persistently negative operating cash flow indicates that reported earnings are not consistently converting into cash. This weakens internal funding capacity, increases reliance on asset sales or financing for flexibility, and makes the company’s financial performance less dependable across uranium-price cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet materially lowers financial risk and avoids interest or refinancing pressure. This gives Yellow Cake greater resilience through uranium-price cycles and preserves flexibility to hold its inventory without servicing obligations that could force unfavorable asset sales.
Read all positive factors
Yellow Cake plc (YCA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.35B
Dividend YieldN/A
Average Volume (3M)1.49M
Price to Earnings (P/E)3.8
Beta (1Y)0.94
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees2
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)1.90
Shares Outstanding251,553,180
10 Day Avg. Volume1,731,880
30 Day Avg. Volume1,486,782
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
£737.33Price Target Upside21.87% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.55
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
Neutral
605.00
Price Trends
553.56
Negative
548.50
Negative
580.68
Negative
Market Momentum
-9.78
Negative
50.67
Neutral
47.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:YCA, the sentiment is Neutral. The current price of 605 is above the 20-day moving average (MA) of 531.77, above the 50-day MA of 553.56, and above the 200-day MA of 580.68, indicating a neutral trend. The MACD of -9.78 indicates Negative momentum. The RSI at 50.67 is Neutral, neither overbought nor oversold. The STOCH value of 47.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | £5.31B | 23.46 | 9.66% | 3.91% | 17.03% | ― | |
67 Neutral | £5.06B | 25.95 | 10.32% | 8.68% | 28.04% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | £1.41B | -8.75 | -114.52% | 7.82% | 8.94% | -196.02% | |
57 Neutral | £1.35B | 3.75 | 20.65% | ― | ― | ― | |
43 Neutral | £3.83M | -2.21 | -20.05% | ― | -59.32% | 33.59% |
* Energy Sector Average
GB:YCA
Yellow Cake plc
540.00
-53.00
-8.94%
GB:HBR
Harbour Energy
305.60
97.99
47.20%
GB:THAL
Thalassa Holdings
23.00
-4.50
-16.36%
GB:ENOG
Energean
753.50
-126.29
-14.35%
GB:ITH
Ithaca Energy PLC
307.60
121.73
65.49%
Yellow Cake plc Corporate Events
Business Operations and StrategyExecutive/Board ChangesStock BuybackShareholder Meetings
Yellow Cake Wins AGM Backing but Faces Pushback on Pre-emption Powers
Neutral
Sep 8, 2026
Yellow Cake plc, a specialist uranium holding company listed in London and headquartered in Jersey, offers investors direct exposure to the uranium spot market by acquiring and storing physical U3O8. Supported by a decade-long supply deal with Kaz...
Business Operations and StrategyExecutive/Board Changes
Yellow Cake Aligns Executive Pay with Uranium Market Performance Through New LTIP Awards
Positive
Sep 4, 2026
Yellow Cake plc has granted new long-term incentive awards in the form of nil-cost share options to chief executive Andre Liebenberg and chief financial officer Carole Whittall under its 2019 share option plan. The grants, based on a commencement ...
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...
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.