TMC the metals company Inc
NASDAQ:TMC

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TMC the metals company Inc Logo
TMC the metals company Inc
NASDAQ:TMC
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Price: 5.32 USD 3.1% Market Closed
Market Cap: $2.3B

EV/EBIT

-19.2
Current
299%
More Expensive
vs 3-y median of -4.8

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
-19.2
=
Enterprise Value
$2.5B
/
EBIT
$-111.9m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
-19.2
=
Enterprise Value
$2.5B
/
EBIT
$-111.9m

Valuation Scenarios

TMC the metals company Inc is trading above its industry average

If EV/EBIT returns to its Industry Average (13.3), the stock would be worth $-3.71 (170% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-176%
Maximum Upside
No Upside Scenarios
Average Downside
173%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple -19.2 $5.32
0%
Industry Average 13.3 $-3.71
-170%
Country Average 14.5 $-4.02
-176%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
$2.5B
/
Oct 2025
$-111.9m
=
-19.2
Current
$2.5B
/
Dec 2025
$-102.1m
=
-24.1
Forward
$2.5B
/
Dec 2026
$-56.8m
=
-43.3
Forward
$2.5B
/
Dec 2027
$-45.4m
=
-54.2
Forward
$2.5B
/
Dec 2028
$312.4m
=
7.9
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CA
TMC the metals company Inc
NASDAQ:TMC
2.2B USD -19.2 -7.3
AU
BHP Group Ltd
ASX:BHP
284B AUD 9.4 19.5
AU
Rio Tinto Ltd
ASX:RIO
282.1B AUD 11.6 20.1
UK
Rio Tinto PLC
LSE:RIO
121B GBP 10.4 16
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
1.6T MXN 11.1 18.9
CH
Glencore PLC
LSE:GLEN
64.3B GBP 36 234.4
SA
Saudi Arabian Mining Company SJSC
SAU:1211
248.9B SAR 25.9 33.9
CN
CMOC Group Ltd
SSE:603993
434.1B CNY 10.1 21.4
UK
Anglo American PLC
LSE:AAL
43.7B GBP 16.5 -15.5
CN
China Molybdenum Co Ltd
OTC:CMCLF
53.5B USD 8.5 18.1
ZA
African Rainbow Minerals Ltd
JSE:ARI
46.3B ZAR -76.6 35.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
TMC the metals company Inc
NASDAQ:TMC
Average EV/EBIT: 15.5
Negative Multiple: -19.2
N/A N/A
AU
BHP Group Ltd
ASX:BHP
9.4
6%
1.6
AU
Rio Tinto Ltd
ASX:RIO
11.6
9%
1.3
UK
Rio Tinto PLC
LSE:RIO
10.4
8%
1.3
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
11.1
7%
1.6
CH
Glencore PLC
LSE:GLEN
36
51%
0.7
SA
Saudi Arabian Mining Company SJSC
SAU:1211
25.9
4%
6.5
CN
CMOC Group Ltd
SSE:603993
10.1
N/A N/A
UK
Anglo American PLC
LSE:AAL
16.5
23%
0.7
CN
C
China Molybdenum Co Ltd
OTC:CMCLF
8.5
N/A N/A
ZA
A
African Rainbow Minerals Ltd
JSE:ARI
Negative Multiple: -76.6 N/A N/A
P/E Multiple
Earnings Growth PEG
CA
TMC the metals company Inc
NASDAQ:TMC
Average P/E: 46.5
Negative Multiple: -7.3
N/A N/A
AU
BHP Group Ltd
ASX:BHP
19.5
11%
1.8
AU
Rio Tinto Ltd
ASX:RIO
20.1
13%
1.5
UK
Rio Tinto PLC
LSE:RIO
16
11%
1.5
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
18.9
3%
6.3
CH
Glencore PLC
LSE:GLEN
234.4
161%
1.5
SA
Saudi Arabian Mining Company SJSC
SAU:1211
33.9
10%
3.4
CN
CMOC Group Ltd
SSE:603993
21.4
23%
0.9
UK
Anglo American PLC
LSE:AAL
Negative Multiple: -15.5 N/A N/A
CN
C
China Molybdenum Co Ltd
OTC:CMCLF
18.1
24%
0.8
ZA
A
African Rainbow Minerals Ltd
JSE:ARI
35.9
156%
0.2

Market Distribution

Lower than 100% of companies in Canada
Percentile
0th
Based on 1 813 companies
0th percentile
-19.2
Low
0 — 10.6
Typical Range
10.6 — 20.6
High
20.6 —
Distribution Statistics
Canada
Min 0
30th Percentile 10.6
Median 14.5
70th Percentile 20.6
Max 3 794.4

TMC the metals company Inc
Glance View

Market Cap
2.3B USD
Industry
Metals & Mining

TMC the metals co., Inc. is engaged in nodule collecting and onshore processing systems. The company is headquartered in Vancouver, British Columbia and currently employs 31 full-time employees. The company went IPO on 2020-06-26. The firm is focused on metal recovery from polymetallic nodules to support demand from battery and electric vehicle production through the development of a process that produces metals from the polymetallic nodules with zero solid processing waste. Its products include nickel sulfate, cobalt sulfate, copper and manganese. The firm's polymetallic nodule collection reduces the environmental and social impact of primary metal production, and a flow sheet that it expects could lead to the substantial reduction or elimination of tailings.

TMC Intrinsic Value
0.84 USD
Overvaluation 84%
Intrinsic Value
Price $5.32
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