TMC the metals company Inc.

TMC

We are a deep seabed minerals developer focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone ( CCZ ), approximately 1,500 miles (or 2,400 kilometers) south-west of San Diego, California. The CCZ is a geological submarine fracture zone of abyssal plains and other formations in the Eastern Pacific O…

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$1.02B

EPS$0.76

P/E3.04

P/FCF-23.29

EV/EBITDA-4.47

FCF Yield–

Div. Yield–

Net Debt/FCF2.3x

TMC the metals company Inc. intrinsic value

52-Week Range

$2.31$6.92

Profitability & Returns

TTM as of 2026-06 · YoY vs prior year · ROIC = NOPAT / invested capital

Revenue

N/A

Net Income (TTM)

-$306M

▼ -290.3% YoY

Op. Margin

–

ROIC

-1879.28%

▼ -1313.3pp YoY

Cash Flow & Balance Sheet

FCF = operating cash flow + capex · Net debt = total debt − cash · Balance sheet from latest filing

FCF (TTM)

-$44M

▲ +2.0% YoY

Op. Cash Flow (TTM)

-$44M

▲ +1.4% YoY

Net Debt

-$99M

Net Cash Position

Cash & Equiv.

$99M

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Quality Scorecard

Is this a high-quality business?

Dividends

Payout safety and growth

Intrinsic Value

What is it worth?

Financials

Full income, cash flow, balance sheet

Peers

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Held by ETFs

TMC is in 9 US ETFs. The largest of them, with TMC's weight in each:

TMC the metals company (TMC) in two numbers

Dividend: None; No dividend in the SEC filings we hold.; Dividends
P/E: 3.04; Price to free cash flow -23.29.; Financials

Questions about TMC the metals company

Is TMC the metals company (TMC) overvalued?

TMC the metals company trades at 3.04 times earnings. Intrinsiqq's fair value calculator has no opening value for TMC, so weigh those multiples against the company's own history and the peers above. See how to tell if a stock is overvalued.

Does TMC the metals company (TMC) pay a dividend?

No. TMC the metals company (TMC) does not pay a dividend, and no dividend payment appears anywhere in the filing history we hold. Nor has its share count fallen meaningfully over the last twelve months, so cash is kept in the business. The Dividends tab shows its cash returns.

Source: 10-Q filed 11 Aug 2026 (period ending 30 Jun 2026), SEC. Price: last close 4 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.

Spot a number that looks wrong? Check it in TMC's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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