TSX:AYM

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Very undervalued with excellent balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: AYM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

11.7%

AYM

-2.5%

CA Metals and Mining

-1.2%

CA Market


1 Year Return

-11.6%

AYM

53.1%

CA Metals and Mining

-4.5%

CA Market

Return vs Industry: AYM underperformed the Canadian Metals and Mining industry which returned 54.7% over the past year.

Return vs Market: AYM underperformed the Canadian Market which returned -3.8% over the past year.


Shareholder returns

AYMIndustryMarket
7 Day11.7%-2.5%-1.2%
30 Day-10.3%-6.8%-0.03%
90 Day-19.6%-3.9%0.9%
1 Year-11.6%-11.6%54.3%53.1%-1.0%-4.5%
3 Year9.6%9.6%49.7%46.7%6.4%-4.0%
5 Year40.3%40.3%139.5%132.2%34.5%13.8%

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?

45.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AYM (CA$2.96) is trading below our estimate of fair value (CA$5.41)

Significantly Below Fair Value: 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 (12.2x) compared to the CA Metals and Mining industry average (24.4x).

PE vs Market: AYM is good value based on its PE Ratio (12.2x) compared to the Canadian market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: AYM is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: AYM is good value based on its PB Ratio (0.8x) compared to the CA Metals and Mining industry average (2.9x).


Next Steps

Future Growth

How is Atalaya Mining forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

13.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AYM's forecast earnings growth (13% per year) is above the savings rate (1.7%).

Earnings vs Market: AYM's earnings (13% per year) are forecast to grow slower than the Canadian market (22.8% per year).

High Growth Earnings: AYM's earnings are forecast to grow, but not significantly.

Revenue vs Market: AYM's revenue (5% per year) is forecast to grow slower than the Canadian market (5.8% per year).

High Growth Revenue: AYM's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AYM's Return on Equity is forecast to be low in 3 years time (14%).


Next Steps

  • Explore growth companies in the Materials industry.

Past Performance

How has Atalaya Mining performed over the past 5 years?

45.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AYM has a large one-off loss of €6.9M impacting its June 30 2020 financial results.

Growing Profit Margin: AYM's current net profit margins (10.7%) are lower than last year (17%).


Past Earnings Growth Analysis

Earnings Trend: AYM has become profitable over the past 5 years, growing earnings by 45.8% 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 (-27.4%) over the past year, making it difficult to compare to the Metals and Mining industry average (78.5%).


Return on Equity

High ROE: AYM's Return on Equity (4.8%) is considered low.


Next Steps

Financial Health

How is Atalaya Mining's financial position?


Financial Position Analysis

Short Term Liabilities: AYM's short term assets (€93.8M) exceed its short term liabilities (€83.5M).

Long Term Liabilities: AYM's short term assets (€93.8M) exceed its long term liabilities (€65.4M).


Debt to Equity History and Analysis

Debt Level: AYM's debt to equity ratio (4.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if AYM's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: AYM's debt is well covered by operating cash flow (307.8%).

Interest Coverage: AYM's interest payments on its debt are well covered by EBIT (631.6x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average board tenure


CEO

Alberto Arsenio Lavandeira Adan (63 yo)

5.83yrs

Tenure

€955,000

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 Exec ...


CEO Compensation Analysis

Compensation vs Market: Alberto Arsenio's total compensation ($USD1.12M) is above average for companies of similar size in the Canadian market ($USD834.60K).

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 Members

NamePositionTenureCompensationOwnership
Alberto Arsenio Lavandeira Adan
CEO, MD & Director5.83yrs€955.00k0.17%
€ 742.3k
Hussein Barma
Independent Non-Executive Director5.08yrs€76.00kno data
Roger Davey
Independent Non-Executive Chairman5.83yrs€107.00kno data
Stephen Scott
Independent Non-Executive Director5.08yrs€79.00kno data
Damon Barber
Non-Independent Non-Executive Director5.08yrs€56.00kno data
Hui Liu
Non-Independent Non-Executive Director8yrs€51.00kno data
Jose Nicolas Sierra Lopez
Non-Independent Non-Executive Directorno data€65.00kno data
Jesus Fernandez Lopez
Non-Independent Non-Executive Director5.33yrs€51.00kno data
Jonathan Lamb
Non-Independent Non-Executive Director5.08yrs€51.00kno data

5.2yrs

Average Tenure

56.5yo

Average Age

Experienced Board: AYM's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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£248.584m
  • Listing Market Cap: UK£424.800m
  • 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)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 holds interest in the Proyecto Riotinto project, an open-pit copper m ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 00:55
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.