TMC Stock Analysis: TMC the metals | NASDAQ
Other Industrial Metals & Mining | NASDAQ, USA | Market Cap: 2.452m USD | 12M Return: -40.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 27.1M
Qual. Beats: 0
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
TMC The Metals Company Inc. is a Canada-based deep-sea minerals exploration company that targets polymetallic nodules on the seafloor, primarily for nickel, cobalt, copper, and manganese. The company holds exploration and commercial rights in two contract areas within the Clarion-Clipperton Zone of the Pacific Ocean, a region widely studied for its seabed mineral deposits. Its products are aimed at the electric vehicle and energy storage markets, as well as manganese alloys used in steel production. The company was founded in 2011, is headquartered in Vancouver, and trades on NASDAQ under the ticker TMC.
Polymetallic nodules are rock-like deposits that form on abyssal plains and contain multiple battery-related metals concentrated in a single ore body. Nickel, cobalt, and manganese are key cathode inputs for lithium-ion batteries used in EVs and grid storage, which has driven interest in alternative supply sources beyond conventional land-based mining.
- ISA regulatory approval timing delays commercial deep-sea mining permit
- Nickel cobalt price weakness pressures nodule project economics
- Equity dilution risk persists amid pre-revenue capital intensive operations
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -1.13 > 0.02 and ΔFCF/TA -38.22 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.18 > 3% & CFO -34.1m > Net Income -319.9m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (321.9m) vs 12m ago -6.80% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 0.0%; Δ 0.0% > 0%) |
| Interest Coverage Ratio: -110.8 > 6 (EBIT TTM -316.8m / Interest Expense TTM 2.86m) |
| A: 0.36 (Total Current Assets 122.8m - Total Current Liabilities 56.5m) / Total Assets 184.9m |
| B: -5.26 (Retained Earnings -971.9m / Total Assets 184.9m) |
| C: -2.54 (EBIT TTM -316.8m / Avg Total Assets 124.7m) |
| D: -0.13 (Book Value of Equity -27.3m / Total Liabilities 212.2m) |
| Altman-Z'' = -32.00 = D |
As of July 05, 2026, the stock is trading at USD 4.23 with a total of 4,209,600 shares traded. Over the past week, the price has changed by -4.73%, over one month by -30.88%, over three months by -7.84% and over the past year by -40.51%.
Current recommended Stop Loss: 3.80 (which is 10.2% or 1.3 ATR below the current price).
TMC the metals has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy TMC.
- StrongBuy: 2
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 10.8 | 156% |
P/B = 35.3471
Revenue TTM = 0.0 USD
EBIT TTM = -316.8m USD
EBITDA TTM = -316.6m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 145.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 27.3m USD (calculated: Debt 145.0m - CCE 117.7m)
Enterprise Value = 2.48b USD (2.45b + Debt 145.0m - CCE 117.7m)
Interest Coverage Ratio = -110.8 (Ebit TTM -316.8m / Interest Expense TTM 2.86m)
EV/FCF = -11.83x (Enterprise Value 2.48b / FCF TTM -209.6m)
FCF Yield = -8.45% (FCF TTM -209.6m / Enterprise Value 2.48b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 233k) / Revenue TTM)
Tobins Q-Ratio = 13.41 (Enterprise Value 2.48b / Total Assets 184.9m)
Interest Expense / Debt = 1.97% (Interest Expense 2.86m / Debt 145.0m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -250.3m (EBIT -316.8m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.20 (Total Current Assets 122.8m / Total Current Liabilities 102.6m)
Debt / Equity = -5.30 (negative equity) (Debt 145.0m / totalStockholderEquity, last quarter -27.3m)
Debt / EBITDA = -0.09 (negative EBITDA) (Net Debt 27.3m / EBITDA -316.6m)
Debt / FCF = -0.13 (negative FCF - burning cash) (Net Debt 27.3m / FCF TTM -209.6m)
Total Stockholder Equity = -4.89m (last 4 quarters mean from totalStockholderEquity)
RoA = -256.5% (out of range, set to none)
RoE = 6.54k% (out of range, set to none) (Net Income TTM -319.9m / Total Stockholder Equity -4.89m)
RoCE = -246.9% (out of range, set to none) (EBIT -316.8m / Capital Employed (Total Assets 184.9m - Current Liab 56.5m))
RoIC = -195.0% (out of range, set to none) (NOPAT -250.3m / Invested Capital 128.3m)
WACC = 10.87% (E(2.45b)/V(2.60b) * Re(11.42%) + D(145.0m)/V(2.60b) * Rd(1.97%) * (1-Tc(0.21)))
Discount Rate = 11.42% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 59.81 | Cagr: 2.19%
[DCF] Fair Price = unknown (Cash Flow -209.6m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.08 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: 0.0 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.06 | Chg30d=+0.00% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.06 | Chg30d=+0.00% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.32 | Chg30d=-1.61% | Revisions=+40% | GrowthEPS=+62.1% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=-0.18 | Chg30d=+2.70% | Revisions=+25% | GrowthEPS=+42.9% | GrowthRev=+0.0%
[Analyst] Revisions Ratio: +50% (up=3, down=0)