Sector: Copper mining
COMM_ATYM
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | 170.7 y/y 20.9% | 73.4 y/y 52.8% | 17.2 y/y 16.8% | 90.5 y/y 44.4% | 64.4 y/y 90.5% | 91.2 | -23.7 | 1162.7 y/y 32.5% | 926.1 y/y 37.9% | 28.5% | -362.7 | Yahoo Finance |
| 2026-03-31 | Q1 2026 (3M) | OK | 136.4 y/y — | 39.7 y/y — | 16.2 y/y — | 55.9 y/y — | 33.2 y/y — | 34.7 | -34.3 | 1072.2 y/y — | 878.5 y/y — | 16.9% | -306.3 | Yahoo Finance |
| 2025-12-31 | Q4 2025 (3M) | OK | 141.4 y/y — | 13.8 y/y — | 9.0 y/y — | 22.8 y/y — | 16.9 y/y — | 84.4 | -29.5 | 930.2 y/y 32.5% | 693.1 y/y 29.2% | 14.1% | -143.3 | Yahoo Finance |
| 2025-09-30 | Q3 2025 (3M) | OK | 124.8 y/y — | 19.1 y/y — | 16.4 y/y — | 35.4 y/y — | 12.8 y/y — | 48.8 | -21.0 | 892.0 y/y — | 679.9 y/y — | 2.5% | -105.4 | Yahoo Finance |
| 2025-06-30 | Q2 2025 (3M) | OK | 141.2 y/y — | 48.0 y/y — | 14.7 y/y — | 62.7 y/y — | 33.8 y/y — | 59.5 | -22.1 | 877.2 y/y — | 671.8 y/y — | 22.4% | -82.1 | Yahoo Finance |
| 2024-12-31 | FY 2024 (12M) | OK | 352.3 y/y -4.3% | 32.1 y/y -16.1% | 47.0 y/y 14.8% | 79.0 y/y -0.1% | 34.2 y/y -18.4% | 57.6 | -71.2 | 702.1 y/y -5.2% | 536.5 y/y -3.2% | 6.3% | -36.5 | Yahoo Finance |
| 2023-12-31 | FY 2023 (12M) | OK | 368.2 y/y — | 38.2 y/y — | 40.9 y/y — | 79.1 y/y — | 41.9 y/y — | 70.0 | -54.5 | 741.0 y/y — | 554.2 y/y — | — | -60.0 | Yahoo Finance |
| Short-term debt (incl. ST leases) | 33 |
| Long-term debt (incl. LT leases) | 4 |
| − Cash & equivalents | 399 |
| Net debt | -363 |
|---|
Net debt / LTM EBITDA: -1.8x
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
| Year | Production, kt | per day, kt |
|---|---|---|
| 2025 | 51.14 +10.6% | 0.14 |
| 2024 | 46.23 | 0.13 |
Company reports: https://data.fca.org.uk/artefacts/NSM/RNS/48fd6e26-5e2e-43e8-b120-6aa43af08974.html; https://data.fca.org.uk/artefacts/NSM/RNS/ccb3c8d7-9c71-472f-9787-81774343fe70.html; https://wp-atalaya-mining-2022.s3.eu-west-2.amazonaws.com/media/2026/03/2026.03.19-ATYM_RNS-2025-Annual-Results-vF.pdf; https://wp-atalaya-mining-2022.s3.eu-west-2.amazonaws.com/media/2026/08/2026.08.11-ATYM_RNS-Q2-and-H1-2026-Financial-Results-vF.pdf
Current 14 620spot vs LTM +19%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: +27.2% ▼ -3.7 pp 1d
Main driver: Copper +20% vs LTM; revenue ×1.19 vs costs ×1.11; EBITDA 233→236; at 9.3× EV/EBITDA → +27%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Copper (rev) | +95% | 14 619.97 | 12 225.59 | 11 150.96 | +20% | -9% |
| US Diesel Index (cost) (input cost) (cost) | -10% | 6.38 | 4.21 | 4.19 | +51% | -1% |
| Electricity Spot (input cost) (cost) | -5% | 117.40 | 77.92 | 62.56 | +51% | -20% |
| Silver (rev) | +3% | 60.34 | 62.30 | 44.22 | -3% | -29% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 573 |
| LTM EBITDA | 233 |
| LTM cash costs (revenue − EBITDA) | 341 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.185 (+19%) |
| = Spot revenue | 680 |
| Revenue multiplier — 3y price | ×0.908 (-9%) |
| = 3-year-price revenue | 521 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.111 (+11%) |
| = Spot cash costs | 378 |
| Cost multiplier — 3y price | ×1.024 (+2%) |
| = 3-year-price cash costs | 349 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 301 |
| = 3-year-price EBITDA | 172 |
| Conservative EBITDA = min(spot, avg) | 236 |
| 5 · Valuation → target market cap | |
| Historical EV/EBITDA (75th pct, realized earnings) | 9.3x |
| Target EV = EV/EBITDA × conservative EBITDA | 2 206 |
| Net debt | -363 |
| Target market cap = EV − net debt | 2 609 |
| Current market cap | 2 051 |
Upside = target market cap ÷ current − 1 = +27.2%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 FY | 368 | 370 | -0.5% | 84 | 63 | +33.6% |
| 2024 FY | 352 | 405 | -13.1% | 83 | 113 | -26.4% |
| 2025 FY | 545 | 407 | +34.0% | 171 | 123 | +38.2% |
Projected EV/EBITDA 13.9x · target 75th pct (3y) 10.8x · LTM avg 9.3x
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-09-10 | 4.6983 GBP | Ex-dividend: 4.6983 GBP per share | Paid | Yahoo Finance (ex-div) |
| 2026-07-02 | 5.5526 GBP | Ex-dividend: 5.5526 GBP per share | Paid | Yahoo Finance (ex-div) |
| 2025-09-11 | 3.8 GBP | Ex-dividend: 3.8 GBP per share | Paid | Yahoo Finance (ex-div) |
| 2025-07-03 | 2.3 GBP | Ex-dividend: 2.3 GBP per share | Paid | Yahoo Finance (ex-div) |
| 2024-08-22 | 3.06 GBP | Ex-dividend: 3.06 GBP per share | Paid | Yahoo Finance (ex-div) |
| 2024-07-11 | 3.1 GBP | Ex-dividend: 3.1 GBP per share | Paid | Yahoo Finance (ex-div) |
| 2023-08-24 | 3.9 GBP | Ex-dividend: 3.9 GBP per share | Paid | Yahoo Finance (ex-div) |
| 2023-07-06 | 2.98 GBP | Ex-dividend: 2.98 GBP per share | Paid | Yahoo Finance (ex-div) |
| 2022-08-18 | 3.13 GBP | Ex-dividend: 3.13 GBP per share | Paid | Yahoo Finance (ex-div) |
| 2021-11-04 | 29.4 GBP | Ex-dividend: 29.4 GBP per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Atalaya Mining (ATYM) — from primary filings.
See also: The Cheapest Metals & Mining Stocks (2026): Copper, Steel, Silver by Valuation · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map