Added to YB: 2026-07-02
Pitch date: 2026-04-26
SLX.AX [bullish]
Silex Systems Limited
-9.79%
current return
Author Info
No bio for this author
Company Info
Silex Systems Limited, a technology commercialization company, engages in the research and development, commercialization, and license of SILEX laser enrichment technology in Australia, the United States, and the United Kingdom.
Market Cap
AUD 1.5B
Pitch Price
AUD 6.33
Price Target
10.08 (+77%)
Dividend
N/A
EV/EBITDA
-28.62
P/E
-31.54
EV/Sales
67.54
Sector
Machinery
Category
value
Silex Systems Limited - $SLX.AX
SLX.AX: Owns 51% of Global Laser Enrichment (Cameco 49%), only firm at pilot-scale laser uranium enrichment. Down 1/3 YTD on DOE snub (favored centrifuges), overdone as GLE was sole next-gen recipient. Funded to '28. Risked DCF ~$7.16 (+61%), 100% credit ~$10.08 (+127%), Urenco comps 100%+, all excluding IP value. Catalysts: TRL-7/PLEF FID 12-18mo, NRC license early '27, Cameco option expiry Apr '28 forcing rerate. Perpetual 7-12% royalty survives. Risk: no commercialization yet, >$1B buildout, execution.
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