TSX:AYM

Stock Analysis Report

Executive Summary

Atalaya Mining Plc, together with its subsidiaries, explores for and develops metal properties, primarily copper in Europe.

Snowflake

Fundamentals

Very undervalued with high growth potential.

Share Price & News

How has Atalaya Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.2%

AYM

-5.7%

CA Metals and Mining

0.3%

CA Market


1 Year Return

-22.6%

AYM

9.0%

CA Metals and Mining

0.1%

CA Market

Return vs Industry: AYM underperformed the Canadian Metals and Mining industry which returned 9% over the past year.

Return vs Market: AYM underperformed the Canadian Market which returned 0.1% over the past year.


Shareholder returns

AYMIndustryMarket
7 Day1.2%-5.7%0.3%
30 Day1.2%-5.4%-2.5%
90 Day-0.3%-5.2%-1.4%
1 Year-22.6%-22.6%9.8%9.0%3.6%0.1%
3 Year141.9%141.9%-11.7%-13.4%14.3%4.1%
5 Year-8.6%-8.6%2.5%-1.4%25.0%6.9%

Price Volatility Vs. Market

How volatile is Atalaya Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Atalaya Mining undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: AYM (CA$3.29) is trading below our estimate of fair value (CA$29.37)

Significantly Undervalued: AYM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AYM is good value based on its PE Ratio (9.8x) compared to the Metals and Mining industry average (13.4x).

PE vs Market: AYM is good value based on its PE Ratio (9.8x) compared to the Canadian market (13.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: AYM is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: AYM is good value based on its PB Ratio (1x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is Atalaya Mining forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

25.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AYM's forecast earnings growth (25.5% per year) is above the savings rate (1.9%).

Earnings vs Market: AYM's earnings (25.5% per year) are forecast to grow faster than the Canadian market (13.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AYM's revenue (22.2% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: AYM's revenue (22.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: AYM's Return on Equity is forecast to be low in 3 years time (14.9%).


Next Steps

Past Performance

How has Atalaya Mining performed over the past 5 years?

63.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AYM has become profitable over the past 5 years, growing earnings by 63.5% per year.

Accelerating Growth: AYM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AYM had negative earnings growth (-0.4%) over the past year, making it difficult to compare to the Metals and Mining industry average (-13.7%).


Return on Equity

High ROE: AYM's Return on Equity (10.1%) is considered low.


Return on Assets

ROA vs Industry: AYM has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: AYM's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Atalaya Mining's financial position?


Financial Position Analysis

Short Term Liabilities: AYM's short term assets (€63.2M) do not cover its short term liabilities (€81.5M)

Long Term Liabilities: AYM's short term assets (63.2M) exceeds its long term liabilities (43.2M)


Debt to Equity History and Analysis

Debt Level: AYM is debt free.

Reducing Debt: AYM has no debt compared to 5 years ago when its debt to equity ratio was 26.7%.

Debt Coverage: AYM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AYM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: AYM has a high level of physical assets or inventory.

Debt Coverage by Assets: AYM's debt is not covered by short term assets (assets are -7.1101705017018E+16x debt).


Next Steps

Dividend

What is Atalaya Mining's current dividend yield, its reliability and sustainability?

4.10%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.3%forecastin3Years4.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate AYM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AYM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if AYM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AYM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AYM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Atalaya Mining's salary, the management and board of directors tenure and is there insider trading?

4.2yrs

Average board tenure


CEO

Alberto Arsenio Lavandeira Adan (62yo)

4.8yrs

Tenure

€787,000

Compensation

Mr. Alberto Arsenio Lavandeira Adan has been the Chief Executive Officer and Chief Operating Officer of EMED Mining at EMED Tartessus S.L., since April 14, 2014. Mr. Lavandeira Adan has been the Chief Oper ...


CEO Compensation Analysis

Compensation vs. Market: Alberto Arsenio's total compensation ($USD868.56K) is about average for companies of similar size in the Canadian market ($USD1.07M).

Compensation vs Earnings: Alberto Arsenio's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Age and Tenure

4.2yrs

Average Tenure

55.5yo

Average Age

Experienced Board: AYM's board of directors are considered experienced (4.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€176,30130 May 19
Alberto Arsenio Lavandeira Adan
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Director
Shares50,000
Max Price€3.53

Ownership Breakdown


Management Team

  • Alberto Arsenio Lavandeira Adan (62yo)

    MD, CEO & Director

    • Tenure: 4.8yrs
    • Compensation: €787.00k
  • F. Torres

    Executive Officer

    • Tenure: 0yrs
    • Compensation: €118.00k
  • Cesar Sanchez

    Group Chief Financial Officer

    • Tenure: 3.3yrs

Board Members

  • Alberto Arsenio Lavandeira Adan (62yo)

    MD, CEO & Director

    • Tenure: 4.8yrs
    • Compensation: €787.00k
  • Hussein Barma (53yo)

    Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: €64.00k
  • Roger Davey (73yo)

    Independent Non-Executive Chairman

    • Tenure: 4.8yrs
    • Compensation: €89.00k
  • Steve Scott (58yo)

    Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: €75.00k
  • Damon Barber (51yo)

    Non-Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: €46.00k
  • Harry Liu (49yo)

    Non-Independent Non-Executive Director

    • Tenure: 7yrs
    • Compensation: €42.00k
  • Jose Nicolas Sierra Lopez (80yo)

    Independent Non-Executive Director

    • Tenure: 0yrs
    • Compensation: €53.00k
  • Jesus Fernandez Lopez (43yo)

    Non-Independent Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: €42.00k
  • Jon Lamb

    Non-Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: €42.00k

Company Information

Atalaya Mining Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Atalaya Mining Plc
  • Ticker: AYM
  • Exchange: TSX
  • Founded: 2004
  • Industry: Copper
  • Sector: Materials
  • Market Cap: UK£263.004m
  • Listing Market Cap: UK£442.473m
  • Shares outstanding: 137.34m
  • Website: https://atalayamining.com

Number of Employees


Location

  • Atalaya Mining Plc
  • 1, Lambousa Street
  • Nicosia
  • 1095
  • Cyprus

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATYMAIM (London Stock Exchange AIM Market)ORD GBP0.075GBGBPNo data
ATYMAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2005
E5S1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2005
AYMTSX (The Toronto Stock Exchange)YesOrdinary SharesCACADMay 2005

Biography

Atalaya Mining Plc, together with its subsidiaries, explores for and develops metal properties, primarily copper in Europe. The company’s principal property is the Proyecto Riotinto project, an open-pit co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 00:21
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.