National Atomic Company Kazatomprom JSC (KAP) Stock Overview
Explores for, produces, processes, markets, and sells uranium and uranium related products. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
KAP Community Fair Values
Create NarrativeSee what 98 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
National Atomic Company Kazatomprom JSC Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₸70.50 |
| 52 Week High | ₸93.80 |
| 52 Week Low | ₸41.00 |
| Beta | 0.39 |
| 1 Month Change | 3.68% |
| 3 Month Change | -4.60% |
| 1 Year Change | 62.82% |
| 3 Year Change | 161.11% |
| 5 Year Change | 125.60% |
| Change since IPO | 487.50% |
Recent News & Updates
Narrative Update • Jun 16
KAP: Uranium Pricing Upswing And 2026 Dividend Will Drive Future Returns
Analysts have lifted their fair value estimate for National Atomic Company Kazatomprom JSC from about $85.53 to roughly $92.32, citing updated assumptions around pricing, earnings momentum, and revised growth expectations reflected in recent Street research. Analyst Commentary Recent Street research on National Atomic Company Kazatomprom JSC highlights a mix of optimism and caution, with views centering on uranium pricing, earnings momentum, and how those factors feed into the stock's valuation and execution risk.Narrative Update • Jun 01
KAP: Uranium Pricing Exposure And 2026 Dividend Will Shape Future Returns
Analysts have trimmed their fair value estimate for National Atomic Company Kazatomprom JSC from about $93.71 to $85.53, reflecting a blend of fresh Buy initiation commentary around uranium exposure and pricing driven earnings momentum, alongside a recent downgrade that has tempered the overall price target outlook. Analyst Commentary Recent research updates on National Atomic Company Kazatomprom JSC highlight a mix of enthusiasm around uranium exposure and caution that has fed into the trimmed fair value estimate.
New Narrative • May 12
Kazatomprom is uniquely positioned to capture structural upside
Below is a sell-side / investment banking–style Investment Memorandum (IM) for National Atomic Company Kazatomprom JSC (“Kazatomprom”, “KAP”), with institutional structure, analytical framing, and cited sources. Investment Memorandum National Atomic Company Kazatomprom JSC (LSE: KAP / AIX: KAP) 1.Narrative Update • May 04
KAP: Long Term Uranium Contract And Dividend Plan Will Shape Outlook
Analysts have trimmed their price target for National Atomic Company Kazatomprom JSC to $93.71 from $105.23, reflecting updated views on slightly higher projected revenue growth, a small adjustment to expected profit margins, and a lower assumed future P/E multiple. What's in the News Kazatomprom reiterated its 2026 production and earnings guidance, including expected Group sales volumes of 19,500 tU to 20,500 tU and production on a 100% basis of 27,500 tU to 29,000 tU, with attributable production of 14,500 tU to 15,500 tU and consolidated revenue guidance of KZT 2,200b to KZT 2,300b (Key Developments).Recent updates
Narrative Update • Jun 16
KAP: Uranium Pricing Upswing And 2026 Dividend Will Drive Future Returns
Analysts have lifted their fair value estimate for National Atomic Company Kazatomprom JSC from about $85.53 to roughly $92.32, citing updated assumptions around pricing, earnings momentum, and revised growth expectations reflected in recent Street research. Analyst Commentary Recent Street research on National Atomic Company Kazatomprom JSC highlights a mix of optimism and caution, with views centering on uranium pricing, earnings momentum, and how those factors feed into the stock's valuation and execution risk.Narrative Update • Jun 01
KAP: Uranium Pricing Exposure And 2026 Dividend Will Shape Future Returns
Analysts have trimmed their fair value estimate for National Atomic Company Kazatomprom JSC from about $93.71 to $85.53, reflecting a blend of fresh Buy initiation commentary around uranium exposure and pricing driven earnings momentum, alongside a recent downgrade that has tempered the overall price target outlook. Analyst Commentary Recent research updates on National Atomic Company Kazatomprom JSC highlight a mix of enthusiasm around uranium exposure and caution that has fed into the trimmed fair value estimate.New Narrative • May 12
Kazatomprom is uniquely positioned to capture structural upside
Below is a sell-side / investment banking–style Investment Memorandum (IM) for National Atomic Company Kazatomprom JSC (“Kazatomprom”, “KAP”), with institutional structure, analytical framing, and cited sources. Investment Memorandum National Atomic Company Kazatomprom JSC (LSE: KAP / AIX: KAP) 1.Narrative Update • May 04
KAP: Long Term Uranium Contract And Dividend Plan Will Shape Outlook
Analysts have trimmed their price target for National Atomic Company Kazatomprom JSC to $93.71 from $105.23, reflecting updated views on slightly higher projected revenue growth, a small adjustment to expected profit margins, and a lower assumed future P/E multiple. What's in the News Kazatomprom reiterated its 2026 production and earnings guidance, including expected Group sales volumes of 19,500 tU to 20,500 tU and production on a 100% basis of 27,500 tU to 29,000 tU, with attributable production of 14,500 tU to 15,500 tU and consolidated revenue guidance of KZT 2,200b to KZT 2,300b (Key Developments).Narrative Update • Apr 19
KAP: Long Term Uranium Contract Will Support Stronger Future Outlook
Analysts have lifted their price target for National Atomic Company Kazatomprom JSC to $105.23 from $101.59, citing updated forecasts that keep the discount rate at 8.23% while adjusting revenue growth expectations to 19.51%, profit margins to 32.53%, and the future P/E to 16.16. What's in the News Shareholders are scheduled to vote on April 6, 2026 on a major transaction involving a long term contract for the sale and purchase of natural uranium concentrates with the Directorate of Purchase & Stores of the Department of Atomic Energy of the Government of India, with the potential asset value exceeding 50% of Kazatomprom's total book assets at the approval date (Key Developments).Narrative Update • Apr 05
KAP: Long Term Uranium Contract Will Support Stronger Future Outlook
Analysts have raised their price target for National Atomic Company Kazatomprom JSC from about $96.78 to around $101.59, citing updated assumptions that include slightly higher revenue growth, along with a broadly similar profit margin and future P/E outlook. What's in the News Special/extraordinary shareholders meeting scheduled for April 6, 2026 to consider a major transaction involving property valued at more than 50% of Kazatomprom's total asset book value, linked to a long term natural uranium concentrates sale and purchase contract with the Directorate of Purchase & Stores of the Department of Atomic Energy of the Government of India (Key Developments).Narrative Update • Mar 22
KAP: Long Term Uranium Contracts Will Support Stronger Outlook
Analysts have revised their price target for National Atomic Company Kazatomprom JSC to $96.78 from $93.91, reflecting updated assumptions for revenue growth, profit margins, and a lower expected future P/E multiple. What's in the News A special shareholders meeting is set for April 6, 2026 to consider approving a major transaction involving assets valued at more than 50% of Kazatomprom's total book value.Narrative Update • Mar 07
KAP: Long Term Uranium Contracts And 2026 Guidance Will Support Stronger Outlook
Analysts have trimmed their price target for National Atomic Company Kazatomprom JSC to $93.91 from $98.37, citing updated fair value work that reflects a slightly lower future P/E assumption while leaving revenue growth, profit margins and the discount rate effectively unchanged. What's in the News Shareholders are scheduled to vote on April 6, 2026, on a proposed major transaction involving a long term contract for the sale and purchase of natural uranium concentrates with the Directorate of Purchase & Stores of the Department of Atomic Energy of the Government of India.Narrative Update • Feb 21
KAP: Japanese Supply Deal And 2026 Guidance Will Support Stronger Outlook
Analysts have raised their price target for National Atomic Company Kazatomprom JSC from $77.15 to $98.37, citing updated forecasts that reflect adjusted expectations for revenue growth, a revised profit margin outlook, and a higher assumed future P/E multiple. What's in the News Kazatomprom has scheduled a special or extraordinary shareholders meeting for March 6, 2026, at its Astana headquarters.
New Narrative • Feb 18
Uranium Supply Deficit And Contracting Trends Will Shape A Cautious But Balanced Outlook
Catalysts About National Atomic Company Kazatomprom JSC Kazatomprom is a Kazakhstan based producer and seller of natural uranium for the global nuclear fuel market. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 05
KAP: Japanese Supply Deal And 2026 Guidance Will Support Steady Outlook
Analysts have trimmed their price target for National Atomic Company Kazatomprom JSC slightly, citing updated assumptions that reflect a modestly higher revenue growth outlook, a small adjustment to profit margin expectations, and a lower future P/E multiple. What's in the News Kazatomprom issued production and earnings guidance for 2026, indicating expected group sales volumes in a range of 19,500 tU to 20,500 tU, with KAP sales volumes between 13,100 tU and 14,100 tU, and total production on a 100% basis targeted between 27,500 tU and 29,000 tU (Key Developments).
New Narrative • Feb 03
Long Term Nuclear Demand And Supply Gap Will Support This Uranium Leader
Catalysts About National Atomic Company Kazatomprom JSC Kazatomprom is the world's largest producer and seller of natural uranium, supplying utilities across major nuclear regions. What are the underlying business or industry changes driving this perspective?Analysis Article • Feb 03
National Atomic Company Kazatomprom JSC (LON:KAP) Shares Could Be 35% Above Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, National Atomic Company Kazatomprom JSC fair value estimate is...Narrative Update • Jan 21
KAP: Japanese Supply Deal And Higher 2025 Guidance Will Support Steady Outlook
Analysts have lifted their price target range for National Atomic Company Kazatomprom JSC, reflecting an updated fair value estimate of $77.56 (up from $64.39). This revision is supported by slightly higher revenue growth assumptions and a revised future P/E of 15.24x versus 12.76x, even as projected profit margins are trimmed modestly.Analysis Article • Jan 16
There's No Escaping National Atomic Company Kazatomprom JSC's (LON:KAP) Muted Earnings Despite A 26% Share Price Rise
National Atomic Company Kazatomprom JSC ( LON:KAP ) shareholders have had their patience rewarded with a 26% share...Narrative Update • Jan 06
KAP: Higher Revenue Guidance And Japanese Supply Deal Will Support Steady Outlook
Analysts have nudged their fair value estimate for National Atomic Company Kazatomprom JSC higher to $64.39 from $62.37, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Kazatomprom and Kansai Electric agreed on uranium supply for Japanese nuclear power plants, supporting a long term supply chain for Japan's gradually restarting nuclear fleet and reinforcing Kazatomprom's role as a key partner for Japanese utilities (Client Announcements).Analysis Article • Jan 04
Returns On Capital Are A Standout For National Atomic Company Kazatomprom JSC (LON:KAP)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...Narrative Update • Dec 19
KAP: Higher Revenue Guidance Will Drive Improved Profitability Outlook
Analysts have raised their price target for National Atomic Company Kazatomprom JSC by approximately 11 percent to the equivalent of about 62, reflecting expectations of slightly improved profitability despite a marginally lower long term revenue growth outlook and a higher anticipated future price to earnings multiple. What's in the News Kazatomprom raised its consolidated revenue guidance for 2025 to KZT 1,750 billion to KZT 1,850 billion, up from a prior range of KZT 1,600 billion to KZT 1,700 billion (company guidance) The company confirmed its 2025 production guidance, keeping expected total production at 25,000 tU to 26,500 tU on a 100 percent basis and 13,000 tU to 14,000 tU on an attributable basis, with group sales volume unchanged at 17,500 tU to 18,500 tU (company guidance) Kazatomprom scheduled a special or extraordinary shareholders meeting for December 19, 2025 in Astana to consider approval of a new edition of its Corporate Governance Code (company announcement) Valuation Changes The Fair Value Estimate has risen moderately, from approximately 56.39 to 62.37, reflecting a higher intrinsic value assessment for the shares.Narrative Update • Dec 05
KAP: Higher Revenue Guidance And Uranium Output Will Support Fair Outlook
Analysts have modestly raised their price target for National Atomic Company Kazatomprom JSC to approximately $56.39 from about $53.01. This change reflects updated expectations for slightly slower revenue growth and lower profit margins, along with a higher future price to earnings multiple that still supports an improved valuation.Narrative Update • Nov 21
KAP: Updated Revenue Guidance And Production Outlook Will Sustain Fair Valuation
Analysts have raised their price target for National Atomic Company Kazatomprom JSC from $49.86 to $53.01, reflecting updated expectations for stronger revenue growth and improved profit margins. What's in the News Special Shareholders Meeting scheduled for December 19, 2025 (Key Developments) Updated production guidance for 2025 maintains previous volume ranges at both 100% and attributable bases.Narrative Update • Nov 05
KAP: Production And Revenue Guidance Updates Will Support Fair Valuation Going Forward
Analysts have raised their price target for National Atomic Company Kazatomprom JSC from $43.78 to $49.86, citing incremental adjustments in long-term valuation metrics. What's in the News National Atomic Company Kazatomprom JSC has scheduled a Special/Extraordinary Shareholders Meeting for December 19, 2025 (Key Developments).Analysis Article • Oct 29
National Atomic Company Kazatomprom JSC (LON:KAP) Shares Could Be 41% Below Their Intrinsic Value Estimate
Key Insights National Atomic Company Kazatomprom JSC's estimated fair value is US$92.14 based on 2 Stage Free Cash Flow...Narrative Update • Oct 22
Analysts Lower Kazatomprom Price Target as Production Rises and Profit Margins Improve
Narrative Update on National Atomic Company Kazatomprom JSC Analysts have lowered their fair value price target for National Atomic Company Kazatomprom JSC from $46.75 to $43.78. This change reflects adjusted expectations for revenue growth and profit margins.Analysis Article • Oct 10
Does National Atomic Company Kazatomprom JSC (LON:KAP) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Oct 08
Expanding Nuclear Build-Outs Will Spark Vibrant Uranium Markets
Analysts have raised their price target for National Atomic Company Kazatomprom JSC from $46.10 to $46.75. This change is attributed to improved revenue growth expectations and a slight increase in projected profit margin.Analysis Article • Sep 25
There Is A Reason National Atomic Company Kazatomprom JSC's (LON:KAP) Price Is Undemanding
National Atomic Company Kazatomprom JSC's ( LON:KAP ) price-to-earnings (or "P/E") ratio of 12.1x might make it look...Narrative Update • Sep 24
Expanding Nuclear Build-Outs Will Spark Vibrant Uranium Markets
The upward revision in Kazatomprom's price target appears driven by stability in key valuation metrics such as the future P/E and discount rate, resulting in the consensus analyst price target increasing to $46.10. What's in the News Kazatomprom reported a six-month production volume of 12,242 tU U3O8 (100% basis), up from 10,857 tU a year ago; attributable production rose to 6,431 tU from 5,777 tU.Analysis Article • Sep 10
Returns on Capital Paint A Bright Future For National Atomic Company Kazatomprom JSC (LON:KAP)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Narrative Update • Sep 09
Expanding Nuclear Build-Outs Will Spark Vibrant Uranium Markets
A sharply lower consensus price target for Kazatomprom reflects a dramatic decline in its future P/E ratio, indicating materially reduced earnings expectations and overall fair value, now revised to $42.31. What's in the News Kazatomprom reported H1 2025 U3O8 production of 12,242 tU (100% basis), up from 10,857 tU YoY; attributable production reached 6,431 tU, up from 5,777 tU YoY.Analysis Article • Aug 26
Results: National Atomic Company Kazatomprom JSC Beat Earnings Expectations And Analysts Now Have New Forecasts
The interim results for National Atomic Company Kazatomprom JSC ( LON:KAP ) were released last week, making it a good...
Narrative Update • Aug 23
Kazatomprom: An Undervalued Leader in a Resurgent Uranium Market
TibiT has decreased future PE multiple from 14.2x to 10.0x and increased timeframe from 3 years to 5 years.New Narrative • Aug 03
Global Nuclear Expansion Will Unlock Enduring Uranium Value
Strong global uranium demand and supply deficits strengthen Kazatomprom's long-term pricing power, revenue growth, and earnings stability.Shareholder Returns
| KAP | GB Oil and Gas | GB Market | |
|---|---|---|---|
| 7D | 1.6% | -6.1% | -1.3% |
| 1Y | 62.8% | 19.6% | 17.3% |
Return vs Industry: KAP exceeded the UK Oil and Gas industry which returned 19.6% over the past year.
Return vs Market: KAP exceeded the UK Market which returned 17.3% over the past year.
Price Volatility
| KAP volatility | |
|---|---|
| KAP Average Weekly Movement | 6.6% |
| Oil and Gas Industry Average Movement | 7.3% |
| Market Average Movement | 5.5% |
| 10% most volatile stocks in GB Market | 11.2% |
| 10% least volatile stocks in GB Market | 3.0% |
Stable Share Price: KAP has not had significant price volatility in the past 3 months compared to the UK market.
Volatility Over Time: KAP's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | 22,000 | Meirzhan Yussupov | www.kazatomprom.kz |
National Atomic Company Kazatomprom JSC explores for, produces, processes, markets, and sells uranium and uranium related products. The company operates through two segments, Uranium and Ulba Metallurgical Plan. It also processes rare metals; and manufactures and sells beryllium, tantalum, and niobium products.
National Atomic Company Kazatomprom JSC Fundamentals Summary
| KAP fundamental statistics | |
|---|---|
| Market cap | US$18.45b |
| Earnings (TTM) | US$1.10b |
| Revenue (TTM) | US$3.57b |
16.8x
P/E Ratio5.2x
P/S RatioIs KAP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KAP income statement (TTM) | |
|---|---|
| Revenue | ₸1.74t |
| Cost of Revenue | ₸762.28b |
| Gross Profit | ₸980.59b |
| Other Expenses | ₸443.70b |
| Earnings | ₸536.89b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 03, 2026
| Earnings per share (EPS) | 2.07k |
| Gross Margin | 56.26% |
| Net Profit Margin | 30.81% |
| Debt/Equity Ratio | 6.7% |
How did KAP perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield62%
Payout RatioDoes KAP pay a reliable dividends?
See KAP dividend history and benchmarks| National Atomic Company Kazatomprom JSC dividend dates | |
|---|---|
| Ex Dividend Date | Jul 23 2026 |
| Dividend Pay Date | Jul 28 2026 |
| Days until Ex dividend | 33 days |
| Days until Dividend pay date | 38 days |
Does KAP pay a reliable dividends?
See KAP dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 04:35 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
National Atomic Company Kazatomprom JSC is covered by 18 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Brackett | Bernstein |
| Alexander Robert Pearce | BMO Capital Markets Equity Research |
| Pavel Kirjanovs | BofA Global Research |