TMC stock soared in August on rising demand for battery metals and progress in deep-sea nodule projects. Stock surge signals major positive shifts in market dynamics and company trajectory.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | 1 | — | — |
| Sell | — | 1 | — | — | — | 1 | — | — | 1 | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 6.84 | 3.48 | 117.63 | 98.66 |
| Receivables | 1.98 | 1.85 | 3.05 | 2.75 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 8.82 | 5.33 | 120.68 | 101.41 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 31.33 | 42.75 | 46.05 | 52.10 |
| ST’ Debt | — | 11.78 | — | — |
| Other | — | — | 13.35 | 0.53 |
| 31.33 | 54.53 | 59.40 | 52.62 |
| 10y | 5y | 3y | |
| Sales | — | — | — |
| Cash Flow | — | ‡‡‡ | ‡‡‡ |
| Earnings | — | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡ | ‡‡‡ |
| Year |
|---|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.61) | (20.10) | — | — |
—
|
| ’25 | (9.35) | (10.66) | (11.49) | (11.35) |
(42.85)
|
| ’24 | (11.85) | (12.11) | (5.78) | (13.72) |
(43.47)
|
| ’23 | (23.48) | (8.40) | (12.50) | (15.18) |
(59.57)
|
| ’22 | (15.53) | (22.59) | (8.64) | (19.84) |
(66.60)
|
| ’21 | (10.06) | (7.88) | (10.39) | (27.75) |
(56.09)
|
| ’20 | 0.00 | (0.47) | (20.88) | (5.18) |
(26.53)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.65) | (20.13) | — | — |
—
|
| ’25 | (9.42) | (10.71) | (11.51) | (11.46) |
(43.10)
|
| ’24 | (11.85) | (12.53) | (5.83) | (13.77) |
(43.98)
|
| ’23 | (23.48) | (8.47) | (12.60) | (15.59) |
(60.15)
|
| ’22 | (15.74) | (22.84) | (9.14) | (20.05) |
(67.77)
|
| ’21 | (10.06) | (8.29) | (10.39) | (27.75) |
(56.49)
|
| ’20 | 0.00 | (0.47) | (20.88) | (5.18) |
(26.53)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.05) | (0.14) | — | — |
—
|
| ’25 | (0.06) | (0.20) | (0.46) | (0.08) |
(0.83)
|
| ’24 | (0.08) | (0.06) | (0.06) | (0.05) |
(0.25)
|
| ’23 | 0.00 | (0.05) | (0.04) | (0.11) |
(0.26)
|
| ’22 | (0.09) | (0.05) | (0.12) | (0.41) |
(0.71)
|
| ’21 | 0.85 | (0.46) | (0.18) | (0.09) |
(0.69)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | ‡‡‡‡ | 0.51 | 0.65 | 0.72 | 1.02 | — | — | — |
Low Price
|
| — | — | — | — | — | ‡‡‡‡‡ | 3.34 | 3.20 | 2.07 | 11.35 | — | — | — |
High Price
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡ | 39 | 46 | 47 | 48 | — | — | — |
Employees
|
| — | — | — | — | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Revenue/Emp
|
| — | — | — | — | — | — | — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| — | — | — | — | ‡‡‡ | ‡‡‡ | 0.00% | — | — | — | — | — | — |
Gross Margin
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (170.89) | (73.74) | (81.89) | (319.70) | — | — | — |
EBT
|
| — | — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00% | 0.00% | 0.00% | 0.00% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| — | ‡‡‡ | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (170.96) | (73.78) | (81.94) | (319.84) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| — | — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.42 | 0.36 | 0.36 | 0.25 | — | — | — |
Depreciation
|
| — | — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| — | — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.71) | (0.26) | (0.25) | (0.83) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| — | — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.28) | (0.21) | (0.13) | (0.11) | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| — | — | — | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| — | — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.28) | (0.21) | (0.14) | (0.11) | — | — | — |
Free CF/Sh
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.17 | 0.04 | (0.05) | (0.09) | — | — | — |
Book Value/Sh
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 239.87 | 288.64 | 321.88 | 384.51 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| — | — | — | — | — | — | — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| — | — | — | — | — | — | — | — | — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| — | — | — | — | — | — | — | — | — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| — | — | — | — | — | — | — | — | — | — | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| — | — | — | — | — | — | — | — | — | — | — | — | — |
EV/FCF
|
| — | — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (66.60) | (59.57) | (43.47) | (42.85) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| — | — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.17) | (0.58) | (0.51) | (0.24) | ‡‡‡‡‡ | — | — |
Capex
|
| — | — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (67.77) | (60.15) | (43.98) | (43.10) | ‡‡‡‡‡ | — | — |
FCF
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.99 | (22.51) | (49.20) | 61.28 | — | — | — |
Working Cap'
|
| — | — | — | — | — | — | — | — | 11.78 | — | — | — | — |
Total Debt
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (46.88) | (6.84) | 8.30 | (117.63) | — | — | — |
Net Debt
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 41.51 | 10.92 | (17.12) | (33.44) | — | — | — |
Sh' Equity
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (150.03%) | (90.16%) | (124.26%) | (261.49%) | — | — | — |
ROA
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00% | (1,109.99%) | 0.00% | 0.00% | — | — | — |
ROIC
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | (254.68%) | (281.48%) | 2,643.32% | 1,265.18% | — | — | — |
ROE
|
TMC the Metals Company Inc. (TMC) is poised at a critical inflection point in the high-stakes deep-sea mining race for polymetallic nodules packed with nickel, cobalt, manganese, and copper—essential for the EV battery boom. Despite pre-revenue status until 2025, marked by heavy dilution, over $500 million in cumulative losses, negative book value per share, and relentless cash burn, the stock has staged a dramatic rebound from 2024 lows, tripling recent highs amid regulatory breakthroughs like ISA exploration approvals and an Allseas partnership extension. Analyst consensus is bullish, forecasting 48-101% upside, driven by commercialization potential in a sector starved for supply.
Insider selling dominates (over $15 million vs. one major buy), signaling caution, yet projections dazzle: $44 million revenue ramp in 2025-2027, EPS swinging from -$0.74 to -$0.11 by 2027, and positive free cash flow by 2026, albeit with capex-fueled share dilution. Tied tightly to metal prices and execution milestones like a full ISA exploitation contract, TMC offers multibagger asymmetry—Monte Carlo models show 55% odds of hitting average targets—but environmental risks and delays loom large. Fundamentals scream risk; catalysts scream reward.
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