(IMSR) Terrestrial Energy - NASDAQ
Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NASDAQ (USA) | Market Cap: 954m USD | Total Return: -30.7% in 12m
Avg Turnover: 25.1M
Warnings
Share dilution 15.4% YoY
High Debt/EBITDA (7.1) with thin interest coverage (-9.2)
High Debt while negative Cash Flow
Interest Coverage Ratio -9.2 is critical
Choppy
Tailwinds
No distinct edge detected
Terrestrial Energy Inc. is a North Carolina-based nuclear energy firm focused on the development and deployment of Integral Molten Salt Reactor (IMSR) technology. The company manages the full asset lifecycle, providing pre-construction site selection, engineering studies, component supply, and ongoing fuel services. Unlike traditional light-water reactors, molten salt reactors utilize liquid fuel which allows for operation at higher temperatures and lower pressures, potentially increasing thermal efficiency and safety margins.
The company operates within the Independent Power Producers sub-industry, a sector currently driven by rising demand for baseload carbon-free energy to support data centers and industrial electrification. As a small-cap utility player, its business model relies on securing long-term licensing and power purchase agreements to offset high initial capital expenditures. Investors may find it useful to examine the comparative risk profiles of advanced nuclear technologies on ValueRay.
- NRC site selection and licensing milestones drive commercialization timeline
- Pre-construction service contracts generate early-stage revenue and cash flow
- IMSR Core-unit supply chain scaling impacts long-term operating margins
- Federal clean energy subsidies and nuclear tax credits influence capital allocation
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.10 > 0.02 and ΔFCF/TA 54.37 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.10 > 3% & CFO -29.1m > Net Income -46.1m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 54.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (105.9m) vs 12m ago 15.43% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 1.81%; Δ -1.81% > 0%) |
| Interest Coverage Ratio: -9.15 > 6 (EBIT TTM -39.7m / Interest Expense TTM 4.34m) |
| A: 0.92 (Total Current Assets 276.7m - Total Current Liabilities 5.05m) / Total Assets 295.2m |
| B: -0.46 (Retained Earnings -135.1m / Total Assets 295.2m) |
| C: -0.26 (EBIT TTM -39.7m / Avg Total Assets 154.4m) |
| D: 43.91 (Book Value of Equity 288.6m / Total Liabilities 6.57m) |
| Altman-Z'' = 48.93 = AAA |
As of June 24, 2026, the stock is trading at USD 7.87 with a total of 3,422,850 shares traded. Over the past week, the price has changed by +8.85%, over one month by +3.28%, over three months by +24.33% and over the past year by -30.72%.
Current recommended Stop Loss: 6.40 (which is 18.7% or 1.9 ATR below the current price).
Terrestrial Energy has no consensus analysts rating.
P/S = 3663.5348
P/B = 2.7751
Revenue TTM = 0.0 USD
EBIT TTM = -39.7m USD
EBITDA TTM = -38.5m USD
Long Term Debt = 1.52m USD (estimated: total debt 2.08m - short term 553k)
Short Term Debt = 553k USD (from shortTermDebt, last quarter)
Debt = 2.08m USD (from shortLongTermDebtTotal, last quarter) (leases 2.08m already included)
Net Debt = -272.9m USD (calculated: Debt 2.08m - CCE 275.0m)
Enterprise Value = 681.5m USD (954.4m + Debt 2.08m - CCE 275.0m)
Interest Coverage Ratio = -9.15 (Ebit TTM -39.7m / Interest Expense TTM 4.34m)
EV/FCF = -22.26x (Enterprise Value 681.5m / FCF TTM -30.6m)
FCF Yield = -4.49% (FCF TTM -30.6m / Enterprise Value 681.5m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 2.31 (Enterprise Value 681.5m / Total Assets 295.2m)
Interest Expense / Debt = 208.9% (Interest Expense 4.34m / Debt 2.08m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -31.4m (EBIT -39.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 54.82 (Total Current Assets 276.7m / Total Current Liabilities 5.05m)
Debt / Equity = 0.01 (Debt 2.08m / totalStockholderEquity, last quarter 288.6m)
Debt / EBITDA = 7.08 (negative EBITDA) (Net Debt -272.9m / EBITDA -38.5m)
Debt / FCF = 8.91 (negative FCF - burning cash) (Net Debt -272.9m / FCF TTM -30.6m)
Total Stockholder Equity = 197.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -29.83% (Net Income -46.1m / Total Assets 295.2m)
RoE = -23.36% (Net Income TTM -46.1m / Total Stockholder Equity 197.2m)
RoCE = -19.98% (EBIT -39.7m / Capital Employed (Equity 197.2m + L.T.Debt 1.52m))
RoIC = -10.79% (negative operating profit) (NOPAT -31.4m / Invested Capital 290.7m)
WACC = 11.69% (E(954.4m)/V(956.5m) * Re(11.72%) + (debt cost/tax rate unavailable))
Discount Rate = 11.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 15.47 | Cagr: 7.44%
[DCF] Fair Price = unknown (Cash Flow -30.6m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.50 | Chg30d=-117.39% | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.52 | Chg30d=-112.24% | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=-1.78 | Chg30d=-86.91% | Revisions=-20% | GrowthEPS=-357.7% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=-2.19 | Chg30d=-109.09% | Revisions=-20% | GrowthEPS=-22.4% | GrowthRev=+0.0%
[Analyst] Revisions Ratio: -20%