Andrada Mining Limited

AIM:ATM Stock Report

Market Cap: UK£40.5m

Andrada Mining Valuation

Is ATM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ATM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ATM (£0.02) is trading below our estimate of fair value (£0.03)

Significantly Below Fair Value: ATM is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ATM?

Key metric: As ATM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ATM. This is calculated by dividing ATM's market cap by their current revenue.
What is ATM's PS Ratio?
PS Ratio2.3x
SalesUK£17.97m
Market CapUK£40.53m

Price to Sales Ratio vs Peers

How does ATM's PS Ratio compare to its peers?

The above table shows the PS ratio for ATM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average11.2x
MTL Metals Exploration
0.7x-5.7%UK£99.4m
EMH European Metals Holdings
34.5x6.7%UK£15.6m
CAPD Capital
0.6x3.0%UK£168.8m
FAR Ferro-Alloy Resources
8.9x64.4%UK£32.4m
ATM Andrada Mining
2.3x44.4%UK£40.5m

Price-To-Sales vs Peers: ATM is good value based on its Price-To-Sales Ratio (2.3x) compared to the peer average (20.3x).

Price to Sales Ratio vs Industry

How does ATM's PS Ratio compare vs other companies in the GB Metals and Mining Industry?

14 CompaniesPrice / SalesEstimated GrowthMarket Cap
GLEN Glencore
0.3x-0.8%US$57.94b
NLMK Novolipetsk Steel
0.3xn/aUS$4.08b
EVR EVRAZ
0.1x-8.5%US$1.42b
PDL Petra Diamonds
0.2x8.5%US$81.18m
ATM 2.3xIndustry Avg. 2.0xNo. of Companies14PS01.22.43.64.86+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ATM is expensive based on its Price-To-Sales Ratio (2.3x) compared to the UK Metals and Mining industry average (2x).

Price to Sales Ratio vs Fair Ratio

What is ATM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ATM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.3x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: ATM is expensive based on its Price-To-Sales Ratio (2.3x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ATM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.025
UK£0.18
+621.1%
65.7%UK£0.34UK£0.08n/a3
Nov ’25UK£0.029
UK£0.18
+509.2%
65.7%UK£0.34UK£0.08n/a3
Oct ’25UK£0.034
UK£0.18
+439.2%
60.5%UK£0.34UK£0.10n/a3
Sep ’25UK£0.034
UK£0.17
+409.8%
59.8%UK£0.32UK£0.10n/a3
Aug ’25UK£0.033
UK£0.17
+433.3%
59.8%UK£0.32UK£0.10n/a3
Jul ’25UK£0.038
UK£0.17
+356.1%
59.8%UK£0.32UK£0.10n/a3
Jun ’25UK£0.049
UK£0.19
+298.6%
51.1%UK£0.33UK£0.10n/a3
May ’25UK£0.049
UK£0.24
+389.8%
37.5%UK£0.33UK£0.15n/a2
Apr ’25UK£0.042
UK£0.24
+471.4%
37.5%UK£0.33UK£0.15n/a2
Mar ’25UK£0.045
UK£0.24
+433.3%
37.5%UK£0.33UK£0.15n/a2
Feb ’25UK£0.041
UK£0.24
+492.6%
37.5%UK£0.33UK£0.15n/a2
Jan ’25UK£0.051
UK£0.24
+366.0%
37.5%UK£0.33UK£0.15n/a2
Dec ’24UK£0.057
UK£0.24
+321.1%
37.5%UK£0.33UK£0.15n/a2
Nov ’24UK£0.058
UK£0.27
+356.9%
24.5%UK£0.33UK£0.20UK£0.0292
Oct ’24UK£0.068
UK£0.27
+289.7%
24.5%UK£0.33UK£0.20UK£0.0342
Sep ’24UK£0.07
UK£0.27
+278.6%
24.5%UK£0.33UK£0.20UK£0.0342
Aug ’24UK£0.072
UK£0.25
+251.7%
30.7%UK£0.33UK£0.17UK£0.0332
Jul ’24UK£0.075
UK£0.28
+264.2%
27.3%UK£0.35UK£0.20UK£0.0382
Mar ’24UK£0.045
UK£0.22
+391.2%
10.5%UK£0.25UK£0.20UK£0.0452
Feb ’24UK£0.051
UK£0.22
+338.2%
10.5%UK£0.25UK£0.20UK£0.0412
Jan ’24UK£0.056
UK£0.22
+285.1%
10.3%UK£0.25UK£0.20UK£0.0513
Dec ’23UK£0.044
UK£0.22
+384.7%
10.3%UK£0.25UK£0.20UK£0.0573
Nov ’23UK£0.039
UK£0.22
+453.0%
10.3%UK£0.25UK£0.20UK£0.0583

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

NV Bekaert

€1.7b

Provides steel wire transformation and coating technologies worldwide.

0OQJ

€32.65

7D

0.06%

1Y

-21.5%

Navigator Company

€2.5b

Manufactures and markets pulp and paper products worldwide.

0KLO

€3.53

7D

-2.6%

1Y

-6.6%

Elkem

NOK 11.4b

Engages in the provision of advanced material solutions worldwide.

0SFN

NOK 17.99

7D

0.3%

1Y

-1.0%