Cameco Corporation CCJ

Competitive advantage analysis · energy

Corporate Default
Overall moat score
63/100
Moderate

About Cameco Corporation

Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia. It operates in three segments: Uranium, Fuel Services, and Westinghouse. The Uranium segment engages in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Its Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate, as well as purchase … Full CCJ analysis →

Competitive advantage assessment

Key strengths

  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.84), with robust interest coverage.
  • Consistent Cash Generation Cash generation is strong and consistent (score 0.76).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
48

Where CCJ ranks in Energy

Cameco Corporation ranks #64 of 267 scored companies in Energy by moat score — the top 24%. The widest moat in the group is Texas Pacific Land Corporation (TPL) at 84/100.

Moat scores for companies ranked near CCJ in Energy
# Company Moat score Rating
60 Vista Energy S.A.B. de C.V. VIST 64/100 Moderate
61 Shell PLC SHEL 63/100 Moderate
62 EQT Corporation EQT 63/100 Moderate
63 Cheniere Energy, Inc. LNG 63/100 Moderate
64 Cameco Corporation CCJ 63/100 Moderate
65 Delek Logistics Partners, L.P. DKL 62/100 Moderate
66 FLEX LNG Ltd. FLNG 62/100 Moderate
67 NPK International Inc. NPKI 62/100 Moderate
68 TotalEnergies SE TTE 62/100 Moderate

See every Commodities & Mining company ranked by moat score →

How CCJ scores on the Corporate Default defenses

Pricing Power

Score 48 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 50 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 78 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 57 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 81 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 64 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding CCJ's moat

What is Cameco Corporation's moat score?

Cameco Corporation (CCJ) scores 62 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #64 of 267 scored companies in Energy, the top 24%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 280 companies in Energy. Its strongest defense is Resilience (81/100) and its weakest is Pricing Power (48/100).

How does Cameco Corporation compare with other Energy companies?

Cameco Corporation ranks #64 of 267 scored companies in Energy by moat score. The widest moat in Energy is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Cheniere Energy, Inc. (LNG) at 63 just above it and Delek Logistics Partners, L.P. (DKL) at 62 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 280 companies in Energy. The defenses are then weighted to produce the overall score out of 100.

Why is Cameco Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Cameco Corporation?

The Corporate Default template measures 6 defenses, and CCJ scores: Pricing Power (48), Cost Advantage (50), Customer Stickiness (78), Capital Efficiency (57), Resilience (81), Scale & Market Position (64). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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