Loading…
Uranium miner operating the Langer Heinrich mine in Namibia and holding exploration assets in Canada.
Uranium miner operating the Langer Heinrich mine in Namibia and holding exploration assets in Canada.
Sells uranium oxide to utilities mainly under multi-year contracts, with prices tied to the market or set with floors and ceilings. Langer Heinrich was shut in 2018 after prices fell and restarted in 2024, so output ramp-up is key. Its home listing is in Australia, with a second in Toronto.
In one line: A restarted uranium producer.
Moat: none. Commodity uranium producer competing on cost and offtake terms, without a structural advantage.
Headquarters: Perth, Australia · Founded: 1993
Size Paladin Energy (PDN.AX) is an Australia Materials company (Other Metals/Minerals) with a market value of $2.32B, the 112th largest of 316 Australia companies the cockpit tracks. Shares closed at A$7.46 on 6 Nov 2026.
Performance Over six months the shares fell 33.2%, against -22.1% for the median peer and +4.1% for the Australia market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 63.7% over the last twelve months (peer median +31.6%); the operating margin is 4.5% (peer median 16.5%).
Valuation It trades at 50.9× forward earnings against a peer median of 19.8× (most expensive of 18).
Capital Return on invested capital runs 13.7 points below its cost of capital (14.9% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$447M | A$449M | A$274M | A$0 | A$0 |
| Revenue growth | — | +64% | — | — | — |
| Gross profit | A$72.2M | A$72.5M | -A$27.6M | -A$14.7M | -A$9.15M |
| EBITDA | A$92.7M | A$92.9M | -A$50.9M | -A$21.6M | -A$21.6M |
| Net income | A$7.61M | A$7.87M | -A$68.9M | A$81.8M | -A$15.7M |
| Free cash flow | A$31.1M | A$31.1M | -A$44.5M | -A$97.0M | -A$15.0M |
| Capital expenditure | A$72.4M | A$72.4M | A$80.9M | A$26.4M | A$3.93M |
| Total debt | A$224M | A$224M | A$301M | A$251M | A$136M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Paladin Energy PDN.AX | $2.32B | -33% | +64% | 4% | 50.9× | n/a |
| Cameco CCO.TO | $31.3B | -38% | 0% | 12% | 48.8× | 47.7% |
| NexGen Energy NXE.TO | $5.57B | -31% | n/a | n/a | n/a | n/a |
| Boss Energy BOE.AX | $403M | 0% | +100% | 8% | 16.1× | 18.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PDN.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.3% | -18.9% | 8th highest of 21 |
| 6-month return | -33.2% | -22.1% | 8th lowest of 20 |
| Distance from 52-week high | -50.6% | -53.5% | 10th highest of 21 |
| Revenue growth (TTM) | +63.7% | +31.6% | 8th highest of 21 |
| Operating margin | 4.5% | 16.5% | 9th lowest of 21 |
| Forward P/E | 50.9× | 19.8× | most expensive of 18 |
| ROIC minus cost of capital | -13.7 pp | -1.5 pp | 3rd lowest of 20 |
| EV / EBITDA | 32.5× | 30.8× | 4th most expensive of 8 |
| Net debt / EBITDA | -1.8× | -0.4× | 6th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Paladin Energy PDN.AX | Australia | $2.32B | -33% | +64% | 4% | 50.9× | n/a | n/a |
| Almonty Industries ALM | United States | $2.34B | -59% | +208% | 5% | 12.3× | n/a | n/a |
| Ningbo Jintian Copper (Group) 601609.SS | China | $2.36B | -11% | +25% | 1% | 15.3× | n/a | n/a |
| Ningbo Boway Alloy Material 601137.SS | China | $2.26B | -6% | +31% | 0% | 19.8× | n/a | n/a |
| Co-tech Development 8358.TWO | Taiwan | $2.24B | -30% | +31% | 23% | 19.9× | n/a | n/a |
| Altius Minerals ALS.TO | Canada | $2.16B | -2% | +68% | 17% | 47.6× | 57.7% | -4.5% |
| 5N Plus VNP.TO | Canada | $2.15B | -10% | +32% | 18% | 28.8× | n/a | n/a |
| Centrus Energy LEU | United States | $2.14B | -50% | +8% | 2% | 34.5× | n/a | n/a |
| Jinhui Mining 603132.SS | China | $2.53B | -11% | +38% | 51% | n/a | n/a | n/a |
| Guangdong Jia Yuan Technology Shares 688388.SS | China | $2.12B | -38% | +81% | 4% | 17.9× | n/a | n/a |
| Trekor Metals TKO.TO | Canada | $2.57B | -1% | +68% | 28% | 9.8× | n/a | n/a |
| Changyu 603407.SS | China | $2.59B | n/a | +9% | 16% | n/a | 51.8% | +2.2% |
| Jiaxin International Resources Investment 3858.HK | Hong Kong | $2.08B | -56% | +2,782% | 65% | 6.1× | -6.4% | n/a |
| IGO IGO.AX | Australia | $2.60B | -45% | -12% | -31% | 8.9× | 17.2% | -6.5% |
| Anhui Jingcheng Copper Share 002171.SZ | China | $2.07B | -22% | +35% | 1% | 22.0× | n/a | n/a |
| Sanxiang Advanced Materials 603663.SS | China | $2.65B | -10% | +5% | 18% | 44.4× | 48.1% | +9.7% |
| Henan Liliang Diamond 301071.SZ | China | $2.03B | -2% | +73% | 21% | 45.0× | 28.0% | +20.9% |
| Lianyou Metals 7610.TW | Taiwan | $2.03B | +89% | +238% | 56% | 11.4× | n/a | n/a |
| CGN Mining 1164.HK | Hong Kong | $2.03B | -47% | +15% | 2% | 20.8× | 33.0% | +19.1% |
| Denison Mines DML.TO | Canada | $2.00B | -39% | -9% | -2,101% | n/a | n/a | n/a |
| Shengda Resources 000603.SZ | China | $2.75B | -27% | +25% | 47% | 15.8× | 12.8% | +8.5% |