Atalaya Mining Plc

LSE:ATYM Stock Report

Market Cap: UK£491.2m

Atalaya Mining Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ATYM (£3.49) is trading below our estimate of fair value (£15.45)

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

Key Valuation Metric

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

Key metric: As ATYM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ATYM. This is calculated by dividing ATYM's market cap by their current earnings.
What is ATYM's PE Ratio?
PE Ratio22.9x
Earnings€25.84m
Market Cap€591.12m

Price to Earnings Ratio vs Peers

How does ATYM's PE Ratio compare to its peers?

The above table shows the PE ratio for ATYM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.9x
CAML Central Asia Metals
8.6x15.0%UK£278.4m
ANTO Antofagasta
26.9x18.3%UK£16.4b
PAF Pan African Resources
11.6x27.2%UK£735.0m
KMR Kenmare Resources
4.6x4.3%UK£310.5m
ATYM Atalaya Mining
22.9x40.0%UK£491.2m

Price-To-Earnings vs Peers: ATYM is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (12.9x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ENPL En+ Group International
2.2x8.0%US$4.67b
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
MTL Metals Exploration
0.9x-60.3%US$124.52m
ATYM 22.9xIndustry Avg. 10.3xNo. of Companies9PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ATYM is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the UK Metals and Mining industry average (10.3x).

Price to Earnings Ratio vs Fair Ratio

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

ATYM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ratio23.8x

Price-To-Earnings vs Fair Ratio: ATYM is good value based on its Price-To-Earnings Ratio (22.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.8x).

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 ATYM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£3.49
UK£4.97
+42.3%
10.1%UK£5.55UK£4.10n/a6
Nov ’25UK£3.75
UK£5.07
+35.3%
9.8%UK£5.85UK£4.40n/a6
Oct ’25UK£3.95
UK£5.16
+30.6%
9.5%UK£5.85UK£4.50n/a6
Sep ’25UK£3.87
UK£5.28
+36.3%
7.6%UK£5.85UK£4.80n/a6
Aug ’25UK£3.75
UK£5.30
+41.3%
7.4%UK£5.85UK£4.80n/a6
Jul ’25UK£4.36
UK£5.38
+23.5%
8.5%UK£5.95UK£4.80n/a6
Jun ’25UK£4.33
UK£5.31
+22.6%
7.4%UK£5.95UK£4.80n/a6
May ’25UK£4.39
UK£5.01
+14.2%
10.0%UK£5.80UK£4.10n/a6
Apr ’25UK£3.88
UK£4.67
+20.3%
10.7%UK£5.30UK£4.00n/a6
Mar ’25UK£3.33
UK£4.43
+33.1%
15.9%UK£5.40UK£3.40n/a6
Feb ’25UK£3.36
UK£4.43
+31.9%
15.9%UK£5.40UK£3.40n/a6
Jan ’25UK£3.61
UK£4.60
+27.4%
15.0%UK£5.80UK£3.80n/a6
Dec ’24UK£3.27
UK£4.55
+39.1%
15.5%UK£5.80UK£3.80n/a6
Nov ’24UK£3.03
UK£4.58
+51.3%
18.3%UK£5.80UK£3.70UK£3.756
Oct ’24UK£3.40
UK£4.77
+40.2%
15.7%UK£6.00UK£4.10UK£3.956
Sep ’24UK£3.24
UK£4.73
+46.1%
16.4%UK£6.00UK£4.00UK£3.876
Aug ’24UK£3.31
UK£4.71
+42.2%
15.9%UK£5.95UK£4.00UK£3.756
Jul ’24UK£3.20
UK£4.79
+49.7%
14.5%UK£5.95UK£4.00UK£4.366
Jun ’24UK£3.04
UK£4.74
+56.0%
12.6%UK£5.95UK£4.20UK£4.336
May ’24UK£3.31
UK£4.78
+44.3%
12.3%UK£5.95UK£4.20UK£4.396
Apr ’24UK£3.41
UK£4.79
+40.5%
12.0%UK£5.95UK£4.20UK£3.886
Mar ’24UK£3.72
UK£4.65
+25.0%
15.2%UK£6.00UK£4.00UK£3.336
Feb ’24UK£3.51
UK£4.13
+17.5%
6.7%UK£4.70UK£3.85UK£3.366
Jan ’24UK£3.30
UK£3.78
+14.4%
8.5%UK£4.00UK£3.10UK£3.616
Dec ’23UK£3.00
UK£3.78
+25.8%
8.5%UK£4.00UK£3.10UK£3.276
Nov ’23UK£2.59
UK£3.59
+38.7%
16.3%UK£4.00UK£2.50UK£3.036

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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