National Atomic Company Kazatomprom JSC - GDR - 144A (NATKY) Q2 2025 Earnings Call Transcript
Kazatomprom's 2024 revenues exceeded expectations, with a 26% growth, but 2025 outlook is mixed due to lower uranium prices, which are seen impacting financials. The company's guidance indicates a 9% revenue drop this year and Long Term Tips' investing group Green Growth giants expects a 20% decline in 2025 earnings. However, Kazatomprom's forward P/E ratio of 6.8x indicates that it still remains dirt cheap, especially compared with peers like Cameco Corporation.
Kazatomprom's stock declined 9% in 2024, but it has outperformed the broader uranium sector in the past year, which saw a steeper decline. Despite some production challenges expected in 2025, NATKY's strong financial performance this year and a solid net margin indicate that the year could be good for the company. With uranium prices expected to recover in 2025 and a low forward P/E ratio of 5.6x, the Company is poised for significant gains.
Shares in Kazatomprom have surged this week after a trio of events increased investor focus on uranium, underlining improved market sentiment regarding nuclear energy.