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Atalaya Mining Copper, S.A (ATYM) Fair Value & Analysis

Basic Materials · GB · Market cap 1.2B GBX

AM Atalaya Mining Copper, S.A ATYM · LSE
Price£8.07
Fair Value£9.29
Upside+15.1%
Quality79/100
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Mixed Growth
Solidly profitable · 17.8% net margin
Low debt · generates free cash flow
1.36% dividend yield
Ranks above peers (9/14)
Wide moat 68/100
Evidence: High Range £6.97 – £11.61 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 24 days ago

Share price +30.9% over the past month.

A strong business, screening 15% undervalued on our models.

What matters now

  • Our model range runs from £6.97 (bear) to £11.61 (bull), base £9.29. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 79/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

£8.89 £1.46 Fair Value £9.29 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £1.46 – £8.89 · fair‑value band £6.97 – £11.61 · the £8.07 price screens below the £9.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Atalaya Mining Copper, S.A (ATYM) currently trades at £8.07, while our model-based Fair Value estimate is £9.29, implying the stock looks roughly 15.1% undervalued today. The Quality Score stands at 79/100 (high quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Atalaya Mining Copper, S.A generated revenue of £470M at a net margin of 17.8%. Revenue declined 10.3% year over year. It earns a return on equity of 12.7%. The balance sheet holds a net cash position of £118M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £6.97 (bear case) to £11.61 (bull case); at £8.07, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at 15%, ATYM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF £8.89 £13.18 £19.18 80
Residual Income £3.53 £4.28 £9.51 76
Rev-Margin DCF £5.97 £8.47 £11.62 74
All 26 models by family
DCF Models
FCF DCF £8.96 £13.74 £20.80 38
Owner Earnings £5.09 £7.53 £11.13 31
5Y Revenue Exit £5.97 £8.41 £11.50 39
5Y EBITDA Exit £8.63 £13.74 £19.97 41
5Y P/E Exit £7.96 £12.39 £17.29 38
10Y Revenue Exit £6.97 £9.50 £12.97 36
10Y EBITDA Exit £8.65 £13.02 £19.28 37
10Y P/E Exit £8.25 £12.13 £17.29 35
Earnings-Based
Graham-Dodd £3.72 £15.72 £21.46 54
Lynch FV £4.00 £5.72 £7.43 50
PEG = 1.0 £4.00 £5.72 £7.43 46
EPV £6.43 £7.16 £7.77 59
Dividend Discount
Gordon GGM £0.5000 £0.9000 £1.24 70
DDM Multi-Stage £0.5000 £0.8200 £0.9600 61
Multiples
P/E Multiple £6.97 £9.29 £11.61 63
P/S Multiple £3.43 £4.58 £5.72 58
P/B Multiple £6.97 £9.29 £11.61 55
EV/EBIT £9.24 £11.97 £14.70 53
EV/EBITDA £9.21 £11.94 £14.66 54
EV/Revenue £4.25 £5.62 £6.99 43
Asset-Based
NCAV (Graham) £1.92 £2.57 £3.84 50
Growth DCF
Growth DCF £8.89 £13.18 £19.18 80
Rev-Margin DCF £5.97 £8.47 £11.62 74
Economic Profit
Residual Income £3.53 £4.28 £9.51 76
ROIC Compounder £6.94 £8.45 £10.21 72
Growth Earnings
Growth-Adj P/E £6.03 £8.61 £11.19 68

Widest divergence: DCF Models (£12.13) versus Dividend Discount (£0.8200). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 470M GBX
Revenue growth (YoY) -10.3%
Net margin 17.8%
Return on equity 12.7%
Free cash flow 119M GBX FY2025
P/E ratio 16.9
More key figures
Operating margin 28.9%
EPS (TTM) £0.4800
Dividend yield 1.4%
EPS growth (YoY) -12.0%
Net cash 118M GBX FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 79/100

Of which business quality 77 · Market factors (momentum, volatility) 64

Profitability 54
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 72
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Atalaya Mining Copper, S.A., together with its subsidiaries, engages in the mineral exploration and development in Spain. The company's flagship property is the Proyecto Riotinto, an open-pit copper mine located in the Andalusia region of Spain. It explores for copper concentrates, silver by-products, and gold.

Full company description

Atalaya Mining Copper, S.A., together with its subsidiaries, engages in the mineral exploration and development in Spain. The company's flagship property is the Proyecto Riotinto, an open-pit copper mine located in the Andalusia region of Spain. It explores for copper concentrates, silver by-products, and gold. The company was formerly known as Atalaya Mining Plc and changed its name to Atalaya Mining Copper, S.A. in January 2025. Atalaya Mining Copper, S.A. was incorporated in 2004 and is based in Seville, Spain.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Atalaya Mining Copper, S.A reported revenue of £469M in FY2025 versus £406M in FY2021, a compound +3.7%/yr. Reported net income was £84.0M in FY2025, compounding −11.0%/yr from FY2021.

Growth Quality 88/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£469M
Latest YoY
+43.5%
Avg. growth/yr (3Y)
+9.0%
Avg. growth/yr (5Y)
+13.2%
Avg. growth/yr (9Y)
+18.9%
Revenue +3.7%/yr
FY21 £406M
FY22 £362M
FY23 £340M
FY24 £327M
FY25 £469M
Net income −11.0%/yr
FY21 £134M
FY22 £33.2M
FY23 £38.8M
FY24 £31.7M
FY25 £84.0M

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Cite: Fair Value Calculator (2026). "Atalaya Mining Copper, S.A Fair Value". https://www.fairvalue-calculator.com/stock/ATYM

Peer Group

Copper · 58 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 79 · Top 25%
Fair Value upside +15% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 29% · Above median
Revenue growth -10% · Bottom 25%
Dividend yield (TTM) 1.4% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Copper median · lower = cheaper

P/E (TTM) 16.9× · Cheaper than median
P/B 2.84× · Pricier than median
P/S (TTM) 3.58× · Pricier than median
P/FCF 14.1× · Pricier than median
EV/EBITDA 9.9× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 53 · sector 0
FUTURE 0 · sector 100
PAST 51 · sector 22
HEALTH 100 · sector 93
DIVIDEND 27 · sector 20

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Copper stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Southern Copper Corporation SCCO $175.66 $86.74 -51%
Freeport-McMoRan Inc FCX $61.52 $22.81 -63%
Lundin Mining Corporation LUN C$34.86 C$18.67 -46%
Jiangxi Copper Company 600362 ¥39.03 ¥35.19 -10%
Tongling Nonferrous Metals Group 000630 ¥5.79 ¥3.06 -47%
Hudbay Minerals Inc HBM C$28.58 C$21.79 -24%
Zhejiang Hailiang Co 002203 ¥16.66 ¥7.00 -58%
Capstone Copper Corp CSC A$13.06 A$7.28 -44%
Yunnan Copper Co 000878 ¥14.32 ¥9.12 -36%
China Nonferrous Mining Corporation 1258 HK$14.75 HK$1.76 -88%

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Frequently asked questions

Is Atalaya Mining Copper, S.A (ATYM) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £9.29 versus a price of £8.07, about +15% (undervalued).
What is the fair value of ATYM?
Our model-based fair value for Atalaya Mining Copper, S.A is £9.29 (as of Jul 16, 2026), built from audited fundamentals. The current price is £8.07.
What is the quality score of ATYM?
Atalaya Mining Copper, S.A has a Quality Score of 79/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Atalaya Mining Copper, S.A (ATYM)?
Atalaya Mining Copper, S.A reported trailing-twelve-month revenue of about £470M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of ATYM?
The net profit margin of Atalaya Mining Copper, S.A is about 17.8%, meaning it keeps roughly 17.8% of revenue as net income. Based on the latest reported figures.
Does Atalaya Mining Copper, S.A pay a dividend?
Atalaya Mining Copper, S.A currently shows a dividend yield of about 1.27% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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