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ATM

AfriTin MiningAIM:ATM Stock Report

Market Cap

UK£53.9m

7D

-6.7%

1Y

121.5%

Updated

28 Nov, 2021

Data

Company Financials +
ATM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

ATM Stock Overview

AfriTin Mining Limited, together with its subsidiaries, engages in the exploration and development of projects in Namibia and South Africa.

Price History & Performance

Summary of all time highs, changes and price drops for AfriTin Mining
Historical stock prices
Current Share PriceUK£0.049
52 Week HighUK£0.074
52 Week LowUK£0.021
Beta0.71
1 Month Change-1.02%
3 Month Change-13.39%
1 Year Change121.46%
3 Year Change51.56%
5 Year Changen/a
Change since IPO22.79%

Recent News & Updates

Aug 19
Shareholders Will Probably Hold Off On Increasing AfriTin Mining Limited's (LON:ATM) CEO Compensation For The Time Being

Shareholders Will Probably Hold Off On Increasing AfriTin Mining Limited's (LON:ATM) CEO Compensation For The Time Being

CEO Anthony Viljoen has done a decent job of delivering relatively good performance at AfriTin Mining Limited ( LON:ATM...

Shareholder Returns

ATMGB Metals and MiningGB Market
7D-6.7%-3.3%-3.0%
1Y121.5%9.4%11.7%

Return vs Industry: ATM exceeded the UK Metals and Mining industry which returned 9.4% over the past year.

Return vs Market: ATM exceeded the UK Market which returned 11.7% over the past year.

Price Volatility

Is ATM's price volatile compared to industry and market?
ATM volatility
ATM Average Weekly Movement7.2%
Metals and Mining Industry Average Movement7.2%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: ATM is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ATM's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
2017108Anthony Viljoenhttps://www.afritinmining.com

AfriTin Mining Limited, together with its subsidiaries, engages in the exploration and development of projects in Namibia and South Africa. Its flagship asset is the Uis brownfield tin mine that consists of three project areas located in the Erongo region, Namibia. The company was incorporated in 2017 and is based in Saint Peter Port, Guernsey.

AfriTin Mining Fundamentals Summary

How do AfriTin Mining's earnings and revenue compare to its market cap?
ATM fundamental statistics
Market CapUK£53.95m
Earnings (TTM)-UK£5.39m
Revenue (TTM)UK£8.97m

6.0x

P/S Ratio

-10.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATM income statement (TTM)
RevenueUK£8.97m
Cost of RevenueUK£7.88m
Gross ProfitUK£1.10m
ExpensesUK£6.49m
Earnings-UK£5.39m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0048
Gross Margin12.23%
Net Profit Margin-60.03%
Debt/Equity Ratio1.9%

How did ATM perform over the long term?

See historical performance and comparison

Valuation

Is AfriTin 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

Below Fair Value: ATM (£0.05) is trading below our estimate of fair value (£2.6)

Significantly Below Fair Value: ATM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ATM is unprofitable, so we can't compare its PE Ratio to the UK Metals and Mining industry average.

PE vs Market: ATM is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ATM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ATM is overvalued based on its PB Ratio (2x) compared to the GB Metals and Mining industry average (1.7x).


Future Growth

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

82.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

Earnings vs Market: ATM is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ATM's is expected to become profitable in the next 3 years.

Revenue vs Market: ATM's revenue (66.2% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: ATM's revenue (66.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ATM's Return on Equity is forecast to be high in 3 years time


Past Performance

How has AfriTin Mining performed over the past 5 years?

-49.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATM is currently unprofitable.

Growing Profit Margin: ATM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ATM is unprofitable, and losses have increased over the past 5 years at a rate of 49.7% per year.

Accelerating Growth: Unable to compare ATM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ATM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (150.4%).


Return on Equity

High ROE: ATM has a negative Return on Equity (-19.37%), as it is currently unprofitable.


Financial Health

How is AfriTin Mining's financial position?


Financial Position Analysis

Short Term Liabilities: ATM's short term assets (£8.9M) exceed its short term liabilities (£2.6M).

Long Term Liabilities: ATM's short term assets (£8.9M) exceed its long term liabilities (£435.1K).


Debt to Equity History and Analysis

Debt Level: ATM has more cash than its total debt.

Reducing Debt: ATM's debt to equity ratio has reduced from 702.4% to 1.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ATM has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ATM has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 23.4% each year.


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ATM'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 ATM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ATM'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 ATM's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Anthony Viljoen (45 yo)

4.08yrs

Tenure

UK£289,104

Compensation

Mr. Anthony Richard Viljoen, BA Mgt, PG, Dip FBI has been the Chief Executive Officer of Lemur Resources Limited since November 6, 2013. Mr. Viljoen is Chief Executive Officer and Executive Director of AIM...


CEO Compensation Analysis

Compensation vs Market: Anthony's total compensation ($USD385.01K) is about average for companies of similar size in the UK market ($USD324.88K).

Compensation vs Earnings: Anthony's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: ATM's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: ATM's board of directors are considered experienced (4.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.7%.


Top Shareholders

Company Information

AfriTin Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: AfriTin Mining Limited
  • Ticker: ATM
  • Exchange: AIM
  • Founded: 2017
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: UK£53.948m
  • Shares outstanding: 1.11b
  • Website: https://www.afritinmining.com

Number of Employees


Location

  • AfriTin Mining Limited
  • Oak House
  • PO Box 282
  • Saint Peter Port
  • GY1 3RH
  • Guernsey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 18:45
End of Day Share Price2021/11/26 00:00
Earnings2021/08/31
Annual Earnings2021/02/28


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.