(TMC) TMC the metals - Overview
Sector: Basic Materials | Industry: Other Industrial Metals & Mining | Exchange: NASDAQ (USA) | Market Cap: 3.024m USD | Total Return: 19.8% in 12m
Nickel, Cobalt, Copper, Manganese
Total Rating 21
Safety 64
Buy Signal -0.21
Other Industrial Metals & Mining
Industry Rotation: -18.1
Industry Rotation: -18.1
Market Cap:
3.02B
Avg Turnover: 27.2M
Avg Turnover: 27.2M
Risk 3d forecast
Volatility79.7%
VaR 5th Pctl12.3%
VaR vs Median-6.30%
Reward TTM
Sharpe Ratio0.64
Rel. Str. IBD29.1
Rel. Str. Peer Group18.1
Character TTM
Beta1.271
Beta Downside0.048
Hurst Exponent0.551
Drawdowns 3y
Max DD74.56%
CAGR/Max DD1.28
CAGR/Mean DD2.20
Warnings
Negative Equity with losses - insolvent profile
Interest Coverage Ratio -115.7 is critical
Altman Z'' -15.00 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
Confidence
Description: TMC TMC the metals
TMC the metals company Inc. is a deep-sea minerals exploration firm headquartered in Vancouver, Canada. The company focuses on the extraction and refining of polymetallic nodules located on the seafloor, specifically within the Clarion Clipperton Zone of the Pacific Ocean. These nodules contain critical minerals including nickel, cobalt, copper, and manganese.
The business model centers on deep-sea collection as an alternative to traditional terrestrial mining, aiming to supply raw materials for the electric vehicle (EV) battery, energy storage, and steel production sectors. Deep-sea mining is an emerging industry governed by the International Seabed Authority, which manages mineral activities in international waters to balance resource extraction with environmental protection.
Investors can evaluate the long-term viability of this specialized mining model by reviewing the comprehensive data sets available on ValueRay. The company’s primary assets are exploration and commercial rights in two specific contract areas, targeting the growing global demand for electrification metals.
- ISA regulatory approval for deep-sea mining remains critical for commercial production
- Nickel and cobalt price volatility impacts projected mining revenue and margins
- Strategic partnerships with refining firms determine capital expenditure and scale-up costs
- Global EV battery demand drives long-term valuation of deep-sea mineral reserves
- Successful completion of environmental impact studies influences institutional investor sentiment
Piotroski VR‑10 (Strict)
1.5
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.18 > 0.02 and ΔFCF/TA 45.47 > 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: -115.7 > 6 (EBITDA TTM -330.7m / Interest Expense TTM 2.86m) |
Altman Z''
-15.00
| 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: -2.65 (EBIT TTM -330.9m / Avg Total Assets 124.7m) |
| D: -1.26 (Book Value of Equity -267.8m / Total Liabilities 212.2m) |
| Altman-Z'' = -33.95 = D |
What is the price of TMC shares?
As of May 22, 2026, the stock is trading at USD 5.26 with a total of 4,859,957 shares traded.
Over the past week, the price has changed by -7.88%, over one month by -1.50%, over three months by -13.34% and over the past year by +19.82%.
Over the past week, the price has changed by -7.88%, over one month by -1.50%, over three months by -13.34% and over the past year by +19.82%.
Is TMC a buy, sell or hold?
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
What are the forecasts/targets for the TMC price?
| Analysts Target Price | 11 | 109.1% |
TMC the metals (TMC) - Fundamental Data Overview
as of 19 May 2026
P/B = 25.7107 Revenue TTM = 0.0 USD
EBIT TTM = -330.9m USD
EBITDA TTM = -330.7m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 145.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 25.3m USD (from netDebt column, last quarter)
Enterprise Value = 3.05b USD (3.02b + Debt 145.0m - CCE 119.7m)
Interest Coverage Ratio = -115.7 (Ebit TTM -330.9m / Interest Expense TTM 2.86m)
EV/FCF = -89.46x (Enterprise Value 3.05b / FCF TTM -34.1m)
FCF Yield = -1.12% (FCF TTM -34.1m / Enterprise Value 3.05b)
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 = 16.49 (Enterprise Value 3.05b / Total Assets 184.9m)
Interest Expense / Debt = 0.46% (Interest Expense 665k / Debt 145.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -261.4m (EBIT -330.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.17 (Total Current Assets 122.8m / Total Current Liabilities 56.5m)
Debt / Equity = -5.30 (negative equity) (Debt 145.0m / totalStockholderEquity, last quarter -27.3m)
Debt / EBITDA = -0.08 (negative EBITDA) (Net Debt 25.3m / EBITDA -330.7m)
Debt / FCF = -0.74 (negative FCF - burning cash) (Net Debt 25.3m / FCF TTM -34.1m)
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 = -257.9% (out of range, set to none) (EBIT -330.9m / Capital Employed (Total Assets 184.9m - Current Liab 56.5m))
RoIC = -7.64k% (out of range, set to none) (NOPAT -261.4m / Invested Capital 3.42m)
WACC = 9.99% (E(3.02b)/V(3.17b) * Re(10.45%) + D(145.0m)/V(3.17b) * Rd(0.46%) * (1-Tc(0.21)))
Discount Rate = 10.45% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 59.81 | Cagr: 2.19%
[DCF] Fair Price = unknown (Cash Flow -34.1m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.08 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.05 | Chg30d=+9.09% | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.05 | Chg30d=+9.09% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=-0.40 | Chg30d=-29.03% | Revisions=+0% | GrowthEPS=+51.8% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=-0.18 | Chg30d=+0.00% | Revisions=-20% | GrowthEPS=+53.8% | GrowthRev=+0.0%
[Analyst] Revisions Ratio: -20%