Chinese lithium producers Tianqi and Ganfeng both extended their surge in net profit growth in the second quarter, driven by a recovery in lithium prices and improving gross margins. Tianqi also recorded a significant increase in equity income from Sociedad Química y Minera de Chile.
Lithium demand will remain resilient, driven by vehicle electrification. Lithium prices are expected to recover from the current low level in the next few years.
Decrease in the price of the lithium mines or lithium compounds will significantly affect Ganfeng’s profitability, resulting in significant decline and volatility in earnings forecast.
|
Metric
|
01772
|
ALB
|
SQM
|
|---|---|---|---|
Price/Earnings (Normalized) | 9.78 | 17.57 | 13.29 |
Price/Book Value | 1.16 | 1.54 | 2.90 |
Price/Sales | 1.54 | 2.26 | 2.72 |
Price/Cash Flow | 7.40 | 10.10 | 6.61 |
|
Metric
|
01772
|
ALB
|
SQM
|
|---|---|---|---|
Quick Ratio | 0.61 | 1.25 | 1.84 |
Current Ratio | 1.12 | 2.09 | 2.61 |
Interest Coverage | 6.68 | 1.99 | 12.76 |
|
Metric
|
01772
|
ALB
|
SQM
|
|---|---|---|---|
Return on Assets (Normalized) | 5.83% | 5.06% | 11.03% |
Return on Equity (Normalized) | 14.97% | 10.70% | 26.97% |
Return on Invested Capital (Normalized) | 8.74% | 7.34% | 13.31% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Shin-Etsu Chemical Co Ltd DR
SHECY
| — | LOCK|qNZ | $69B | |||
| Shin-Etsu Chemical Co Ltd
SHECF
| — | LOCK|dT% | $69B | |||
| Basf SE
BFFAF
| — | LOCK|Vj | $49B | |||
| Basf SE ADR
BASFY
| LOCK|JC%Yd> | LOCK|mz | $49B | |||
| Dow Inc
DOW
| LOCK|<@$ | LOCK|!q# | $20B | |||
| Resonac Holdings Corp
SHWDF
| — | LOCK|?#>Q | $19B | |||
| Resonac Holdings Corp ADR
SHWDY
| — | LOCK|#?pxh | $19B | |||
| Nippon Sanso Holdings Corp ADR
NPXYY
| — | LOCK|gd!k> | $15B | |||
| Celanese Corp Class A
CE
| LOCK|&#&?rY | LOCK|YWB# | $5B | |||
| Olin Corp
OLN
| LOCK|&F#%GS | LOCK|?Rc | $2B |
United States