(TMC) TMC the metals - Overview

Exchange: NASDAQ • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA87261Y1060

Stock: Metals, Minerals, Nickel, Cobalt, Copper, Manganese

Total Rating 50
Risk 83
Buy Signal -0.44
Other Industrial Metals & Mining +3.4
Diversified Metals & Mining +3.3
Market Cap: 3,065m
Avg Trading Vol: 28.5M USD
ATR: 8.16%
Peers RS (IBD): 54.7
Risk 5d forecast
Volatility 85.4%
Relative Tail Risk -15.5%
Reward TTM
Sharpe Ratio 1.59
Alpha 234.67
Character TTM
Beta 0.793
Beta Downside 0.429
Drawdowns 3y
Max DD 74.56%
CAGR/Max DD 1.27

EPS (Earnings per Share)

EPS (Earnings per Share) of TMC over the last years for every Quarter: "2021-03": -0.1225, "2021-06": -2.29, "2021-09": -0.18, "2021-12": -0.09, "2022-03": -0.09, "2022-06": -0.05, "2022-09": -0.12, "2022-12": -0.17, "2023-03": 0, "2023-06": -0.05, "2023-09": -0.04, "2023-12": -0.17, "2024-03": -0.08, "2024-06": -0.06, "2024-09": 0.06, "2024-12": -0.04, "2025-03": -0.06, "2025-06": -0.2, "2025-09": -0.46, "2025-12": 0,
EPS CAGR: 5.89%
EPS Trend: -20.5%
Last SUE: 0.41
Qual. Beats: 0

Revenue

Revenue of TMC over the last years for every Quarter: 2021-03: 18.707, 2021-06: 20.654, 2021-09: 21.619, 2021-12: 33.439, 2022-03: 29.047, 2022-06: 29.967, 2022-09: 33.055, 2022-12: 49.769, 2023-03: 42.195, 2023-06: 0, 2023-09: 0, 2023-12: 0, 2024-03: 0, 2024-06: 20.183, 2024-09: 0, 2024-12: -20.183, 2025-03: 0, 2025-06: 0, 2025-09: 0, 2025-12: null,
Rev. CAGR: -22.32%
Rev. Trend: -74.2%
Last SUE: 0.00
Qual. Beats: 0

Risks

Technicals: volatile

Description: TMC TMC the metals March 05, 2026

TMC the metals company Inc. is a deep-sea minerals exploration company. It focuses on collecting, processing, and refining polymetallic nodules from the seafloor, specifically in the Clarion Clipperton Zone of the Pacific Ocean.

The company explores for nickel, cobalt, copper, and manganese. These metals are critical for electric vehicle batteries, energy storage solutions, and steel production. The deep-sea mining sector is emerging, targeting resources distinct from terrestrial mining operations.

TMC holds exploration and commercial rights for these resources. Its products support the growing demand for materials in the EV and renewable energy markets. The business model centers on extracting these specific metals for industrial applications.

For more detailed financial analysis, consider exploring ValueRays comprehensive reports.

Headlines to watch out for

  • Regulatory approval for deep-sea mining permits
  • Global demand for EV battery metals
  • Commodity price fluctuations for nickel, cobalt, copper, manganese
  • Environmental opposition to deep-sea mining operations

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income: -295.5m TTM > 0 and > 6% of Revenue
FCF/TA: -0.26 > 0.02 and ΔFCF/TA 48.74 > 1.0
NWC/Revenue: -348.7% < 20% (prev -269.2%; Δ -79.56% < -1%)
CFO/TA -0.26 > 3% & CFO -45.3m > Net Income -295.5m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 2.50 > 1.5 & < 3
Outstanding Shares: last quarter (321.9m) vs 12m ago -0.55% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: -17.04% > 50% (prev 32.92%; Δ -49.96% > 0%)
Interest Coverage Ratio: -105.8 > 6 (EBITDA TTM -291.3m / Interest Expense TTM 2.76m)

Altman Z'' -15.00

A: 0.40 (Total Current Assets 117.2m - Total Current Liabilities 46.8m) / Total Assets 175.6m
B: -5.19 (Retained Earnings -910.9m / Total Assets 175.6m)
C: -2.46 (EBIT TTM -291.6m / Avg Total Assets 118.5m)
D: -1.26 (Book Value of Equity -273.2m / Total Liabilities 216.2m)
Altman-Z'' Score: -32.15 = D

Beneish M

DSRI: none (Receivables 1.57m/2.56m, Revenue -20.2m/20.2m)
GMI: 1.00 (fallback, negative margins)
AQI: 0.43 (AQ_t 0.07 / AQ_t-1 0.16)
SGI: none (Revenue -20.2m / 20.2m)
TATA: -1.42 (NI -295.5m - CFO -45.3m) / TA 175.6m)
Beneish M-Score: cannot calculate (missing components)

What is the price of TMC shares?

As of March 11, 2026, the stock is trading at USD 6.38 with a total of 4,435,588 shares traded.
Over the past week, the price has changed by +4.25%, over one month by -0.31%, over three months by -6.86% and over the past year by +266.67%.

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?

Issuer Target Up/Down from current
Wallstreet Target Price 11.2 75.5%
Analysts Target Price 11.2 75.5%

TMC Fundamental Data Overview March 08, 2026

P/B = 25.7107
Revenue TTM = -20.2m USD
EBIT TTM = -291.6m USD
EBITDA TTM = -291.3m USD
Long Term Debt = unknown (none)
Short Term Debt = 11.8m USD (from shortTermDebt, last fiscal year)
Debt = 11.8m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -115.6m USD (from netDebt column, last quarter)
Enterprise Value = 2.96b USD (3.06b + Debt 11.8m - CCE 115.6m)
Interest Coverage Ratio = -105.8 (Ebit TTM -291.6m / Interest Expense TTM 2.76m)
EV/FCF = -65.10x (Enterprise Value 2.96b / FCF TTM -45.5m)
FCF Yield = -1.54% (FCF TTM -45.5m / Enterprise Value 2.96b)
WARNING: Negative Revenue TTM = -20.2m
FCF Margin = 225.3% (FCF TTM -45.5m / Revenue TTM -20.2m)
WARNING: Negative Revenue TTM = -20.2m
Net Margin = 1464 % (Net Income TTM -295.5m / Revenue TTM -20.2m)
WARNING: Negative Revenue TTM = -20.2m
Gross Margin = unknown ((Revenue TTM -20.2m - Cost of Revenue TTM 255.0k) / Revenue TTM)
Tobins Q-Ratio = 16.86 (Enterprise Value 2.96b / Total Assets 175.6m)
Interest Expense / Debt = 5.78% (Interest Expense 681.0k / Debt 11.8m)
Taxrate = 21.0% (US default 21%)
NOPAT = -230.3m (EBIT -291.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.50 (Total Current Assets 117.2m / Total Current Liabilities 46.8m)
Debt / Equity = -0.29 (negative equity) (Debt 11.8m / totalStockholderEquity, last quarter -40.6m)
Debt / EBITDA = 0.40 (negative EBITDA) (Net Debt -115.6m / EBITDA -291.3m)
Debt / FCF = 2.54 (negative FCF - burning cash) (Net Debt -115.6m / FCF TTM -45.5m)
Total Stockholder Equity = 1.84m (last 4 quarters mean from totalStockholderEquity)
RoA = -249.4% (out of range, set to none)
RoE = -16.1k% (out of range, set to none) (Net Income TTM -295.5m / Total Stockholder Equity 1.84m)
RoCE = -226.4% (out of range, set to none) (EBIT -291.6m / Capital Employed (Total Assets 175.6m - Current Liab 46.8m))
RoIC = -2917 % (out of range, set to none) (NOPAT -230.3m / Invested Capital 7.90m)
WACC = 8.82% (E(3.06b)/V(3.08b) * Re(8.84%) + D(11.8m)/V(3.08b) * Rd(5.78%) * (1-Tc(0.21)))
Discount Rate = 8.84% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 15.83%
[DCF] Fair Price = unknown (Cash Flow -45.5m)
EPS Correlation: -20.48 | EPS CAGR: 5.89% | SUE: 0.41 | # QB: 0
Revenue Correlation: -74.20 | Revenue CAGR: -22.32% | SUE: 0.0 | # QB: 0
EPS next Year (2026-12-31): EPS=-0.23 | Chg7d=+0.008 | Chg30d=-0.003 | Revisions Net=-1 | Growth EPS=+71.0% | Growth Revenue=+0.0%

Additional Sources for TMC Stock

Fund Manager Positions: Dataroma | Stockcircle