Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Atalaya Mining Plc (ATYM.L)

Company Dividend Discount ModelIndustry: CopperSector: Basic Materials

Valuation Snapshot

Stable Growth$3.38 - $4.79$4.07
Multi-Stage$5.02 - $5.52$5.27
Blended Fair Value$4.67
Current Price$5.31
Upside-12.04%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.070.080.030.320.000.000.000.000.000.00
YoY Growth---10.21%125.10%-89.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.78%1.67%0.90%6.73%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)74.76
(-) Cash Dividends Paid (M)10.31
(=) Cash Retained (M)64.45
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14.959.345.61
Cash Retained (M)64.4564.4564.45
(-) Cash Required (M)-14.95-9.34-5.61
(=) Excess Retained (M)49.5055.1158.84
(/) Shares Outstanding (M)145.99145.99145.99
(=) Excess Retained per Share0.340.380.40
LTM Dividend per Share0.070.070.07
(+) Excess Retained per Share0.340.380.40
(=) Adjusted Dividend0.410.450.47
WACC / Discount Rate9.89%9.89%9.89%
Growth Rate-2.00%-1.00%0.00%
Fair Value$3.38$4.07$4.79
Upside / Downside-36.42%-23.30%-9.81%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)74.7674.0173.2772.5471.8171.0973.22
Payout Ratio13.79%29.03%44.27%59.51%74.76%90.00%92.50%
Projected Dividends (M)10.3121.4832.4443.1753.6863.9867.73

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.89%9.89%9.89%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)19.3519.5519.75
Year 2 PV (M)26.3226.8627.41
Year 3 PV (M)31.5532.5333.53
Year 4 PV (M)35.3536.8138.32
Year 5 PV (M)37.9539.9341.98
PV of Terminal Value (M)583.01613.37644.98
Equity Value (M)733.54769.05805.97
Shares Outstanding (M)145.99145.99145.99
Fair Value$5.02$5.27$5.52
Upside / Downside-5.37%-0.79%3.97%

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