Andrada Mining Valuation

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

ATM (£0.04) is trading above our estimate of [[fair value]] (£0.03)

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

Valuation Score

1/6

Valuation Score 1/6

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 (£0.04) is trading above our estimate of fair value (£0.03)

Significantly Below Fair Value: ATM is trading above our estimate of fair value.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ATM. This is calculated by dividing ATM's market cap by their current preferred multiple.
What is ATM's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	UK£61.18m

ATM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.4x
Enterprise Value/EBITDA	-12.5x
PEG Ratio	n/a

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.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	8x
FAR Ferro-Alloy Resources	6.9x	47.7%	UK£30.0m
MTL Metals Exploration	0.7x	-5.9%	UK£89.3m
EMH European Metals Holdings	23.9x	-15.6%	UK£18.7m
CAPD Capital	0.6x	5.6%	UK£164.1m
ATM Andrada Mining	3.4x	40.2%	UK£61.2m

Price-To-Sales vs Peers: ATM is good value based on its Price-To-Sales Ratio (3.4x) compared to the peer average (17.8x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	21.8%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	21.8%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: ATM is expensive based on its Price-To-Sales Ratio (3.4x) 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 Ratio	3.4x
Fair PS Ratio	1x

Price-To-Sales vs Fair Ratio: ATM is expensive based on its Price-To-Sales Ratio (3.4x) compared to the estimated Fair Price-To-Sales Ratio (1x).

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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	UK£0.037	UK£0.18 +386.5%	62.9%	UK£0.34	UK£0.10	n/a	3
Sep ’25	UK£0.034	UK£0.17 +409.8%	59.8%	UK£0.32	UK£0.10	n/a	3
Aug ’25	UK£0.033	UK£0.17 +433.3%	59.8%	UK£0.32	UK£0.10	n/a	3
Jul ’25	UK£0.038	UK£0.17 +356.1%	59.8%	UK£0.32	UK£0.10	n/a	3
Jun ’25	UK£0.049	UK£0.19 +298.6%	51.1%	UK£0.33	UK£0.10	n/a	3
May ’25	UK£0.049	UK£0.24 +389.8%	37.5%	UK£0.33	UK£0.15	n/a	2
Apr ’25	UK£0.042	UK£0.24 +471.4%	37.5%	UK£0.33	UK£0.15	n/a	2
Mar ’25	UK£0.045	UK£0.24 +433.3%	37.5%	UK£0.33	UK£0.15	n/a	2
Feb ’25	UK£0.041	UK£0.24 +492.6%	37.5%	UK£0.33	UK£0.15	n/a	2
Jan ’25	UK£0.051	UK£0.24 +366.0%	37.5%	UK£0.33	UK£0.15	n/a	2
Dec ’24	UK£0.057	UK£0.24 +321.1%	37.5%	UK£0.33	UK£0.15	n/a	2
Nov ’24	UK£0.058	UK£0.27 +356.9%	24.5%	UK£0.33	UK£0.20	n/a	2
Oct ’24	UK£0.068	UK£0.27 +289.7%	24.5%	UK£0.33	UK£0.20	n/a	2
Sep ’24	UK£0.07	UK£0.27 +278.6%	24.5%	UK£0.33	UK£0.20	UK£0.034	2
Aug ’24	UK£0.072	UK£0.25 +251.7%	30.7%	UK£0.33	UK£0.17	UK£0.033	2
Jul ’24	UK£0.075	UK£0.28 +264.2%	27.3%	UK£0.35	UK£0.20	UK£0.038	2
Mar ’24	UK£0.045	UK£0.22 +391.2%	10.5%	UK£0.25	UK£0.20	UK£0.045	2
Feb ’24	UK£0.051	UK£0.22 +338.2%	10.5%	UK£0.25	UK£0.20	UK£0.041	2
Jan ’24	UK£0.056	UK£0.22 +285.1%	10.3%	UK£0.25	UK£0.20	UK£0.051	3
Dec ’23	UK£0.044	UK£0.22 +384.7%	10.3%	UK£0.25	UK£0.20	UK£0.057	3
Nov ’23	UK£0.039	UK£0.22 +453.0%	10.3%	UK£0.25	UK£0.20	UK£0.058	3
Oct ’23	UK£0.044	UK£0.22 +402.2%	10.5%	UK£0.25	UK£0.20	UK£0.068	2
Sep ’23	UK£0.049	UK£0.22 +340.1%	10.3%	UK£0.25	UK£0.20	UK£0.07	3

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.