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First Tin Plc (1SN) AI Stock Analysis

GB:1SN

First Tin Plc

(LSE:1SN)

Select Model
Rating:48Neutral
Price Target:GBX 13.00â–¼(-1.81% Downside)
Action:reiterated
Date:11/02/26

The score is primarily constrained by zero revenue, persistent losses, and negative cash flow. A strong debt-free balance sheet and moderately favorable technical signals provide partial support, but the negative P/E and lack of earnings income remain significant risks.

Positive Factors
Low LeverageVery low leverage gives First Tin greater financial flexibility while it advances its projects through exploration, studies, permitting, and development. A debt-light structure reduces interest and refinancing pressure, allowing more of its capital base to support long-term project progression.
Negative Factors
No RevenueNo revenue confirms that First Tin remains pre-production and has not yet demonstrated an operating income stream from its tin assets. Until projects reach production, progress depends on exploration, studies, permitting, and development rather than recurring customer revenue.

First Tin Plc (1SN) vs. iShares MSCI United Kingdom ETF (EWC)

-25%0%25%50%75%100%125%GB:1SN+50.57%EWC+24.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
GBP 71.80M
Dividend Yield
―
Average Volume (3M)
405.30K
Price to Earnings (P/E)
-17.4
Beta (1Y)
0.97
Revenue Growth
―
EPS Growth
29.27%
Country
UK
Employees
24
Sector
Basic Materials
Sector Strength
61
Industry
Other Precious Metals

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 Kingd...

First Tin Plc Financial Statement Overview

Summary

Very weak overall financial performance: zero revenue, substantial net and operating losses, and continued negative free cash flow outweigh the strong, debt-free balance sheet.

Income Statement

8Very Negative

Balance Sheet

76Positive

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMJun 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue000000
Gross Profit-3,454-83.50K-49.75K-54.27K-20.60K-8,845
EBITDA-1.56M-1.49M-1.65M-3.05M-2.98M-1.64M
Net Income-10.47M-1.47M――-3.24M-1.21M
Balance Sheet
Total Assets208.65M51.20M68.55M62.08M62.67M7.87M
Cash, Cash Equivalents and Short-Term Investments62.03M6.13M6.92M4.66M35.73M2.50M
Total Debt007.47M3823942,828
Total Liabilities15.93M912.70K15.28M8.42M7.15M301.45K
Stockholders Equity192.72M50.29M53.27M53.66M55.52M12.03M
Cash Flow
Free Cash Flow-26.41M-1.58M-18.75M-20.06K-8.54M-4.11M
Operating Cash Flow-7.63M-1.32M-2.48M-1,775-2.21M-1.79M
Investing Cash Flow-25.80M-4.90M-13.85M-7.16M-6.33M-2.32M
Financing Cash Flow94.40M5.98M6.68M-2137.84M8.11M

First Tin Plc Technical Analysis

Technical Analysis SentimentPositive
Last Price13.24

Price Trends

50DMA12.54Positive
100DMA11.71Positive
200DMA12.84Positive

Market Momentum

MACD0.21Positive
RSI54.37Neutral
STOCH49.14Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:1SN, the sentiment is Positive. The current price of 13.24 is above the 20-day moving average (MA) of 13.15, above the 50-day MA of 12.54, and above the 200-day MA of 12.84, indicating a bullish trend. The MACD of 0.21 indicates Positive momentum. The RSI at 54.37 is Neutral, neither overbought nor oversold. The STOCH value of 49.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:1SN.

First Tin Plc Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

GB:1SN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
GB:ALLGB:ALL50NeutralGBP 131.45M-34.21-14.73%――-2.08%
GB:1SNGB:1SN48NeutralGBP 71.53M-17.42-7.26%――29.27%
GB:JLPGB:JLP47NeutralGBP 57.48M-1.54-18.64%―――
GB:KODGB:KOD43NeutralGBP 57.04M-28.75-5.37%―――
GB:TUNGB:TUN28UnderperformGBP 508.11M-0.99-2022.63%――-161.22%

* Basic Materials Sector Average

Performance Comparison

0%100%200%300%400%GB:1SNGB:ALLGB:JLPGB:KODGB:TUNDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
GB:1SN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:1SNFirst Tin Plc13.255.5070.97%
GB:ALLAtlantic Lithium Ltd.16.758.2196.14%
GB:JLPJubilee Metals Group PLC1.70-1.40-45.16%
GB:KODKodal Minerals0.290.0519.58%
GB:TUNTungsten West Plc29.7019.45189.76%

First Tin Plc Corporate Events

M&A TransactionsRegulatory Filings and Compliance

First Tin Confirms Indicative Takeover Approach From Metals X

Neutral
Oct 9, 2026

First Tin PLC has disclosed that it received an unsolicited, indicative cash proposal from shareholder Metals X Limited for the remaining shares it does not already own at 15 pence per share, triggering a formal offer period under UK takeover rules....

Business Operations and StrategyFinancial Disclosures

First Tin’s Updated Taronga DFS Boosts Project Value and Extends Mine Life

Positive
Aug 17, 2026

First Tin has completed an updated Definitive Feasibility Study for the Taronga Tin Project, showing a sharp rise in value and improved project economics versus the 2024 study. Using a conservative long-term tin price of US$40,000 per tonne, the comb...

Business Operations and Strategy

First Tin lifts Taronga reserves and flags longer mine life potential

Positive
Aug 13, 2026

First Tin has updated the mineral reserve estimate for its 100%-owned Taronga Tin Project in New South Wales, increasing Proved and Probable Ore Reserves by 13% to 45 million tonnes at 0.12% tin, all within existing permitted pit limits. The new rese...

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.

Date of analysis: Nov 02, 2026