(TMC) TMC the metals - Overview

Sector: Basic Materials | Industry: Other Industrial Metals & Mining | Exchange: NASDAQ (USA) | Market Cap: 2.498m USD | Total Return: 150.6% in 12m

Metals, Minerals, Nickel, Cobalt, Copper, Manganese
Total Rating 30
Safety 63
Buy Signal -1.07
Other Industrial Metals & Mining
Industry Rotation: -12.2
Market Cap: 2.50B
Avg Turnover: 28.1M USD
ATR: 9.16%
Peers RS (IBD): 12.2
Risk 5d forecast
Volatility92.3%
Rel. Tail Risk-13.6%
Reward TTM
Sharpe Ratio1.25
Alpha100.91
Character TTM
Beta1.050
Beta Downside-0.251
Drawdowns 3y
Max DD74.56%
CAGR/Max DD1.01
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": -0.08, "2026-03": 0,
EPS CAGR: 3.07%
EPS Trend: -17.7%
Last SUE: 0.32
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: 0, 2026-03: null,
Rev. CAGR: -18.51%
Rev. Trend: -70.6%
Last SUE: 0.00
Qual. Beats: 0

Warnings

Negative Equity with losses - insolvent profile

Share dilution 19.5% YoY - potential capital distress

Interest Coverage Ratio -143.0 is critical

Altman Z'' -15.00 < 1.0 - financial distress zone

Volatile

Tailwinds

No distinct edge detected

Description: TMC TMC the metals

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) 0.5
Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM)
FCF/TA: -0.24 > 0.02 and ΔFCF/TA 46.22 > 1.0
NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA -0.24 > 3% & CFO -42.9m > Net Income -319.8m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.98 > 1.5 & < 3
Outstanding Shares: last quarter (384.5m) vs 12m ago 19.46% < -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: -143.0 > 6 (EBITDA TTM -316.2m / Interest Expense TTM 2.21m)
Altman Z'' -15.00
A: 0.32 (Total Current Assets 117.6m - Total Current Liabilities 59.4m) / Total Assets 181.6m
B: -5.24 (Retained Earnings -951.3m / Total Assets 181.6m)
C: -2.59 (EBIT TTM -316.5m / Avg Total Assets 122.3m)
D: -1.26 (Book Value of Equity -271.1m / Total Liabilities 215.1m)
Altman-Z'' Score: -33.68 = D
What is the price of TMC shares? As of April 08, 2026, the stock is trading at USD 4.41 with a total of 4,603,425 shares traded.
Over the past week, the price has changed by -5.57%, over one month by -29.67%, over three months by -41.82% and over the past year by +150.57%.
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 10.6 140.4%
TMC the metals (TMC) - Fundamental Data Overview as of 06 April 2026
P/B = 25.7107
Revenue TTM = 0.0 USD
EBIT TTM = -316.5m USD
EBITDA TTM = -316.2m USD
 Long Term Debt = unknown (none)
 Short Term Debt = unknown (none)
 Debt = unknown
 Net Debt = -117.6m USD (from netDebt column, last quarter)
Enterprise Value = 2.38b USD (2.50b + (null Debt) - CCE 117.6m)
Interest Coverage Ratio = -143.0 (Ebit TTM -316.5m / Interest Expense TTM 2.21m)
EV/FCF = -55.56x (Enterprise Value 2.38b / FCF TTM -42.9m)
FCF Yield = -1.80% (FCF TTM -42.9m / Enterprise Value 2.38b)
 FCF Margin = unknown (Revenue TTM is 0 or missing)
 Net Margin = unknown
 Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 252k) / Revenue TTM)
 Tobins Q-Ratio = 13.11 (Enterprise Value 2.38b / Total Assets 181.6m)
 Interest Expense / Debt = unknown (Interest Expense 680k / Debt none)
 Taxrate = 21.0% (US default 21%)
NOPAT = -250.0m (EBIT -316.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.98 (Total Current Assets 117.6m / Total Current Liabilities 59.4m)
 Debt / Equity = unknown (Debt none)
 Debt / EBITDA = 0.37 (negative EBITDA) (Net Debt -117.6m / EBITDA -316.2m)
 Debt / FCF = 2.75 (negative FCF - burning cash) (Net Debt -117.6m / FCF TTM -42.9m)
 Total Stockholder Equity = -2.24m (last 4 quarters mean from totalStockholderEquity)
 RoA = -261.5% (out of range, set to none)
 RoE = 14.3k% (out of range, set to none) (Net Income TTM -319.8m / Total Stockholder Equity -2.24m)
 RoCE = -258.9% (out of range, set to none) (EBIT -316.5m / Capital Employed (Total Assets 181.6m - Current Liab 59.4m))
 RoIC = -28.7k% (out of range, set to none) (NOPAT -250.0m / Invested Capital 871k)
 WACC = 9.68% (E(2.50b)/V(2.50b) * Re(9.68%) + (debt-free company))
Discount Rate = 9.68% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 11.99%
 [DCF] Fair Price = unknown (Cash Flow -42.9m)
 EPS Correlation: -17.70 | EPS CAGR: 3.07% | SUE: 0.32 | # QB: 0
Revenue Correlation: -70.57 | Revenue CAGR: -18.51% | SUE: 0.0 | # QB: 0
EPS next Quarter (2026-06-30): EPS=-0.06 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=2
EPS current Year (2026-12-31): EPS=-0.31 | Chg7d=-0.085 | Chg30d=-0.085 | Revisions Net=-1 | Growth EPS=+62.6% | Growth Revenue=+0.0%
EPS next Year (2027-12-31): EPS=-0.18 | Chg7d=-0.035 | Chg30d=-0.035 | Revisions Net=-1 | Growth EPS=+40.3% | Growth Revenue=+0.0%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Current Year)
External Resources
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