Added to YB: 2026-10-06
Pitch date: 2026-09-29
KAP.L [bullish]
National Atomic Company Kazatomprom JSC
Author Info
No bio for this author
Company Info
National Atomic Company Kazatomprom JSC explores for, produces, processes, markets, and sells uranium and uranium related products.
Market Cap
KZT 7.7T
Pitch Price
N/A
Price Target
166.00
Dividend
4.37%
EV/EBITDA
7.28
P/E
14.60
EV/Sales
4.43
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Kazatomprom: The Low-Cost King of Uranium Nobody in Germany Wants to Own
KAP.L: Kazatomprom is the lowest-cost, largest uranium producer, offering net cash, a 75%-of-free-cash-flow payout policy and a ~4% yield at $67.50 and 16x trailing earnings. Realised uranium prices of $67.88/lb remain well below ~$90 spot and $95+ term prices; contract repricing and volume growth could drive an upcycle-scenario target of $166 plus dividends over three years. Key risks are rising taxes and costs, sulphuric-acid constraints and state control.
Read full article (13 min)