(TMC) TMC the metals - NASDAQ
Sector: Basic Materials | Industry: Other Industrial Metals & Mining | Exchange: NASDAQ (USA) | Market Cap: 2.959m USD | Total Return: -21.8% in 12m
Avg Turnover: 33.6M
Qual. Beats: 0
Qual. Beats: 0
Warnings
Negative Equity with losses - insolvent profile
Interest Coverage Ratio -110.8 is critical
Altman Z'' -15.00 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
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
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -1.11 > 0.02 and ΔFCF/TA -36.18 > 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 June 21, 2026, the stock is trading at USD 5.13 with a total of 3,896,400 shares traded.
Over the past week, the price has changed by +0.00%,
over one month by +2.40%,
over three months by -6.90% and
over the past year by -21.80%.
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 | 111.1% |
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 = 2.99b USD (2.96b + Debt 145.0m - CCE 117.7m)
Interest Coverage Ratio = -110.8 (Ebit TTM -316.8m / Interest Expense TTM 2.86m)
EV/FCF = -14.51x (Enterprise Value 2.99b / FCF TTM -205.8m)
FCF Yield = -6.89% (FCF TTM -205.8m / Enterprise Value 2.99b)
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 = 16.15 (Enterprise Value 2.99b / 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 -205.8m)
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(2.96b)/V(3.10b) * Re(11.33%) + D(145.0m)/V(3.10b) * Rd(1.97%) * (1-Tc(0.21)))
Discount Rate = 11.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 59.81 | Cagr: 2.19%
[DCF] Fair Price = unknown (Cash Flow -205.8m)
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=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.06 | Chg30d=+0.00% | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=-0.32 | Chg30d=-1.61% | Revisions=+33% | GrowthEPS=+62.1% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=-0.18 | Chg30d=+2.70% | Revisions=+20% | GrowthEPS=+42.9% | GrowthRev=+0.0%
[Analyst] Revisions Ratio: +33%