First Tin Plc (GB:1SN)
LSE:1SN
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First Tin Plc
(LSE:1SN)
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Rating:44Neutral
Price Target:
12.50 p
▲(20.19% Upside)
Action:ReiteratedDate:03/19/26
The score is held down primarily by weak financial performance (pre-revenue, widening losses, and accelerating cash burn), reinforced by bearish technical signals (below key moving averages and negative MACD). The main support comes from the balance sheet’s low leverage and sizable equity base, but valuation metrics are not meaningfully supportive due to a negative P/E and no dividend yield provided.
Positive Factors
Low Financial Leverage
A large equity base with minimal to no debt provides durable financial flexibility for a development-stage miner. Low leverage reduces near-term refinancing risk and allows management to fund exploration and project milestones without immediate interest burdens, supporting multi‑month project execution plans.
Negative Factors
Accelerating Cash Burn
Substantial negative operating and free cash flow signal ongoing heavy cash outlays for development and investment. Over 2–6 months this accelerates funding needs, increasing likelihood of equity raises or other financing that could dilute shareholders and pressure project timelines if additional capital is delayed or costly.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
A large equity base with minimal to no debt provides durable financial flexibility for a development-stage miner. Low leverage reduces near-term refinancing risk and allows management to fund exploration and project milestones without immediate interest burdens, supporting multi‑month project execution plans.
Read all positive factors
First Tin Plc (1SN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£69.09M
Dividend YieldN/A
Average Volume (3M)348.38K
Price to Earnings (P/E)―
Beta (1Y)1.28
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees18
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding541,868,300
10 Day Avg. Volume517,565
30 Day Avg. Volume348,376
Financial Highlights & Ratios
PEG Ratio3.03
Price to Book (P/B)0.87
Price to Sales (P/S)0.00
P/FCF Ratio-2.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
First Tin Plc Business Overview & Revenue Model
Company Description
First Tin Plc operates as an exploration and development group focused on tin and associated metals in Germany and Australia. Its flagship assets include the Tellerhäuser Project in Saxony, Germany; and the Taronga Project in New South Wales, Aust...
How the Company Makes Money
null...
First Tin Plc Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Jan 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -71.91K | 0.00 | 0.00 | -443.00 | -25.51K | -87.03K |
| EBITDA | -9.66M | -8.83M | -3.28M | -4.86M | -2.83M | -1.57M |
| Net Income | -11.64M | -1.07M | -2.96M | -1.22M | -2.91M | -1.60M |
Balance Sheet | ||||||
| Total Assets | 93.86M | 123.46M | 104.22M | 102.11M | 36.09M | 18.18M |
| Cash, Cash Equivalents and Short-Term Investments | 16.67M | 12.46M | 28.46M | 58.21M | 8.50M | 1.36M |
| Total Debt | 0.00 | 13.46M | 642.00 | 642.00 | 4.87K | 6.01M |
| Total Liabilities | 1.06M | 27.52M | 14.13M | 11.65M | 15.38M | 9.85M |
| Stockholders Equity | 92.80M | 95.94M | 90.09M | 90.46M | 20.71M | 8.33M |
Cash Flow | ||||||
| Free Cash Flow | -33.21M | -33.76M | -33.67K | -13.91M | -7.07M | -2.91M |
| Operating Cash Flow | -11.89M | -4.46M | -2.98K | -3.61M | -3.09M | -1.26M |
| Investing Cash Flow | -31.50M | -24.94M | -30.73K | -10.32M | -3.99M | -1.65M |
| Financing Cash Flow | 98.62M | 12.04M | -35.00 | 61.66M | 13.96M | 1.97M |
First Tin Plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | £510.30M | -0.10 | 233.54% | ― | -100.00% | -121.52% | |
47 Neutral | £109.27M | -2.48 | -11.14% | ― | ― | ― | |
46 Neutral | £117.22M | -19.26 | -17.14% | ― | ― | 54.72% | |
44 Neutral | £69.09M | -15.47 | -6.85% | ― | ― | ― | |
43 Neutral | £31.46M | ― | >-0.01% | ― | ― | -19.57% | |
41 Neutral | £71.31M | -42.09 | -21.95% | ― | ― | -133.33% |
* Basic Materials Sector Average
GB:1SN
First Tin Plc
12.75
7.37
136.99%
GB:ALL
Atlantic Lithium
14.63
7.15
95.52%
GB:JLP
Jubilee Metals Group
3.39
0.34
11.15%
GB:KOD
Kodal Minerals
0.35
-0.03
-7.89%
GB:ZNWD
Zinnwald Lithium Plc
5.80
-1.20
-17.14%
GB:TUN
Tungsten West Plc
40.90
37.53
1111.85%
First Tin Plc Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
First Tin strengthens finances and resource base as Taronga and German tin projects advance
Positive
Feb 25, 2026
First Tin reported interim results for the six months to 31 December 2025 showing a strengthened balance sheet after a £6.3 million equity raise, with cash rising to £9.03 million and net assets to £50.27 million, while narrowing it...
Business Operations and Strategy
First Tin to Present at Yellowstone Advisory Private Investor Event
Positive
Feb 20, 2026
First Tin PLC will showcase its strategy and projects as CEO Bill Scotting presents at the Yellowstone Advisory Private Investor evening in London on 25 February 2026. The event offers the company direct engagement with private investors as it adv...
Business Operations and StrategyFinancial Disclosures
First Tin to Release HY25 Interim Results and Host Investor Presentation
Neutral
Feb 20, 2026
First Tin PLC, a tin development company with projects in Germany and Australia, is focused on supplying ethically sourced tin from conflict-free, low political risk jurisdictions. The company targets best-in-class environmental standards as it ad...
Business Operations and StrategyFinancial Disclosures
First Tin Uncovers Silver and Copper Upside at Taronga Tin Project
Positive
Feb 12, 2026
First Tin Plc has identified significant silver and copper mineralisation at its 100%-owned Taronga Tin Project in New South Wales, with recent drilling revealing both moderate-grade by-product metals associated with existing tin zones and discret...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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