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First Tin Plc
(LSE:1SN)
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Rating:49Neutral
Price Target:
12.50 p
▼(-2.34% Downside)
Action:Reiterated
Date:04/16/26
The score is driven primarily by weak financial performance: a pre-revenue profile with widening losses and accelerating cash burn increases execution and financing risk, partially offset by a low-leverage balance sheet with a sizeable equity base. Technicals are mixed (stronger long-term trend but negative MACD and below the 50-day average), while valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Low financial leverage
A near-zero debt-to-equity position and a sizeable equity base materially reduce bankruptcy and interest-rate risk for a development-stage miner. This durable capital structure provides flexibility to fund project milestones, negotiate JV terms and withstand multi-quarter development timelines without immediate debt servicing pressure.
Negative Factors
Pre-revenue with widening losses
Operating without revenue and with sharply larger net losses materially increases execution and financing risk over the medium term. Persistent losses erode equity, force frequent capital raises or dilution, and mean the company must demonstrate project de-risking before converting to sustainable cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
A near-zero debt-to-equity position and a sizeable equity base materially reduce bankruptcy and interest-rate risk for a development-stage miner. This durable capital structure provides flexibility to fund project milestones, negotiate JV terms and withstand multi-quarter development timelines without immediate debt servicing pressure.
Read all positive factors
First Tin Plc (1SN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£62.86M
Dividend YieldN/A
Average Volume (3M)339.52K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees24
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding541,868,300
10 Day Avg. Volume281,613
30 Day Avg. Volume339,522
Financial Highlights & Ratios
PEG Ratio1.07
Price to Book (P/B)0.65
Price to Sales (P/S)0.00
P/FCF Ratio-1.84
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)£68.51M
First Tin Plc Business Overview & Revenue Model
Company Description
First Tin Plc engages in the production and supply of tin units. Its projects include Tellerhäuser, Taronga, Gottesberg, and Ausberg. The company was founded by Mark Edward Thompson on February 1, 2012 and is headquartered in London, the United Ki...
How the Company Makes Money
First Tin Plc’s revenue model is not publicly available in the provided context; 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 | -66.77K | -49.75K | -54.27K | -20.60K | -8.85K | -9.57K |
| EBITDA | -8.02M | ― | ― | -2.98M | -1.64M | -892.70K |
| Net Income | -9.52M | ― | ― | -3.24M | -1.21M | -682.29K |
Balance Sheet | ||||||
| Total Assets | 50.71M | 68.55M | 62.08M | 62.67M | 7.87M | 10.36M |
| Cash, Cash Equivalents and Short-Term Investments | 9.01M | 6.92M | 4.66M | 35.73M | 2.50M | 773.60K |
| Total Debt | 0.00 | 7.47M | 382.00 | 394.00 | 2.83K | 3.43M |
| Total Liabilities | 573.22K | 15.28M | 8.42M | 7.15M | 301.45K | 5.61M |
| Stockholders Equity | 50.14M | 53.27M | 53.66M | 55.52M | 12.03M | 4.75M |
Cash Flow | ||||||
| Free Cash Flow | -24.70M | -18.75M | -20.06K | -8.54M | -4.11M | -1.66M |
| Operating Cash Flow | -8.80M | -2.48M | -1.77K | -2.21M | -1.79M | -720.42K |
| Investing Cash Flow | -24.63M | -13.85M | -7.16M | -6.33M | -2.32M | -938.11K |
| Financing Cash Flow | 93.55M | 6.68M | -21.00 | 37.84M | 8.11M | 1.12M |
First Tin Plc Technical Analysis
Negative
12.80
Price Trends
11.09
Positive
11.81
Negative
12.30
Negative
Market Momentum
0.26
Positive
47.16
Neutral
14.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:1SN, the sentiment is Negative. The current price of 12.8 is above the 20-day moving average (MA) of 12.23, above the 50-day MA of 11.09, and above the 200-day MA of 12.30, indicating a neutral trend. The MACD of 0.26 indicates Positive momentum. The RSI at 47.16 is Neutral, neither overbought nor oversold. The STOCH value of 14.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:1SN.
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% | |
54 Neutral | £646.88M | -1.60 | -2022.63% | ― | ― | -161.22% | |
50 Neutral | £56.03M | -27.50 | -5.37% | ― | ― | -135.71% | |
49 Neutral | £62.86M | -10.75 | -6.97% | ― | ― | ― | |
46 Neutral | £120.63M | -31.72 | -15.04% | ― | ― | 36.62% | |
46 Neutral | £84.53M | -2.28 | -18.64% | ― | ― | ― |
* Basic Materials Sector Average
GB:1SN
First Tin Plc
11.60
5.35
85.60%
GB:ALL
Atlantic Lithium
15.05
5.25
53.57%
GB:JLP
Jubilee Metals Group
2.50
-0.68
-21.38%
GB:KOD
Kodal Minerals
0.28
-0.07
-19.12%
GB:TUN
Tungsten West Plc
48.00
38.30
394.85%
First Tin Plc Corporate Events
DividendsRegulatory Filings and Compliance
First Tin chairman reorganises major shareholding via dividend in specie
Neutral
Jul 14, 2026
First Tin PLC has disclosed a restructuring of a significant shareholding linked to its non-executive chairman, Charles Cannon Brookes. Arlington Group Asset Management Limited, a company closely associated with him, has distributed 56,655,961 Fir...
Business Operations and Strategy
First Tin Uncovers Rare Earth and Critical Metal Potential at Taronga’s Blatherarm Prospect
Positive
Jul 9, 2026
First Tin’s subsidiary Taronga Mines has identified significant rare earth element and technology metal potential within its Taronga tenement package in New South Wales, with the newly defined Blatherarm prospect located about 20km northeast...
Business Operations and StrategyRegulatory Filings and Compliance
First Tin Clears Key Permitting Hurdle at NSW Taronga Tin Project
Positive
Jun 1, 2026
First Tin’s subsidiary Taronga Mines has lodged its Response to Submissions report for the Taronga Tin Project in New South Wales, a key step in the permitting process that incorporates government and stakeholder feedback on biodiversity, ai...
Business Operations and StrategyRegulatory Filings and Compliance
First Tin Nears Key Approval Milestone for Taronga Tin Project in NSW
Positive
Jun 1, 2026
First Tin PLC has advanced permitting for its flagship Taronga Tin Project in New South Wales after its subsidiary, Taronga Mines Pty Ltd, lodged a formal Response to Submissions report with the state’s Department of Planning, Housing and In...
Business Operations and StrategyFinancial Disclosures
First Tin boosts confidence in Taronga resources and outlines copper-silver upside
Positive
Apr 30, 2026
First Tin has reported an updated mineral resource estimate for its 100%-owned Taronga Tin Project in New South Wales, showing a significant upgrade of Inferred Resources into higher-confidence Measured and Indicated categories. The combined Measu...
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
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.