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Upturn AI Summary - About
TMC the metals company Inc(TMC)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for TMC
10/09/2026: TMC (1-star) is currently NOT-A-BUY. Pass it for now.
TMC the metals company is a pre-revenue exploration firm focused on harvesting polymetallic nodules from the deep seabed to supply essential battery metals for electric vehicles. Its primary strength lies in its extensive exploration contracts in the Clarion-Clipperton Zone and proprietary collection designs. The company offers a high-risk, high-reward investment opportunity tied to the global energy transition. However, it faces substantial risks, including regulatory uncertainty from the International Seabed Authority, significant cash burn, and environmental pushback. This stock is best suited for speculative, risk-tolerant investors who should closely monitor upcoming regulatory developments and the company’s ability to secure commercial mining permits.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company is a pre-revenue exploration entity with high uncertainty, lacking a proven commercial growth trajectory. |
| Momentum investor | Mixed fit | The stock can exhibit high volatility based on regulatory news, providing potential, albeit risky, momentum signals. |
| Value investor | Weak fit | There are no earnings or cash flows to support a standard value-based investment thesis. |
| Dividend investor | Weak fit | The company does not pay a dividend and requires significant capital expenditure. |
| Low-risk investor | Weak fit | The high regulatory, execution, and financial risk profile makes this unsuitable for low-risk investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is highly speculative and reactive to news regarding mining regulations. |
| Valuation risk | High | Valuation is based on long-term project potential rather than current financial fundamentals. |
| Competition risk (Terrestrial mining) | Medium / high | Established miners may lower costs or improve ESG profiles, reducing the necessity for deep-sea alternatives. |
| Business quality | Low | As a pre-revenue explorer, the company lacks a proven commercial franchise. |
| Dividend income | Low / none | The company generates no income and does not pay dividends. |
| Execution risk | High | The complexity of deep-sea mining technology and regulatory hurdles creates extreme execution uncertainty. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit 29.64% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.48B USD | Price to earnings Ratio - | 1Y Target Price 10.9 |
Price to earnings Ratio - | 1Y Target Price 10.9 | ||
Volume (30-day avg) 4.7M shares | Beta 1.91 | 52 Weeks Range 3.31 - 11.35 | Updated Date 10/11/2026 |
52 Weeks Range 3.31 - 11.35 | Updated Date 10/11/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.73 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Deep-Sea Exploration | Exploration of polymetallic nodules for nickel, copper, cobalt, and manganese. | The company intends to sell metal extracted from the ocean floor but has not yet started commercial production. |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 1.68B | Price to Sales(TTM) - |
Enterprise Value 1.68B | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -2.07 | Shares Outstanding 441.14M | Shares Floating 240.84M |
Shares Outstanding 441.14M | Shares Floating 240.84M | ||
Percent Insiders 46.04 | Percent Institutions 13.82 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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