Ganfeng reported 36% year-on-year growth in net profit in the third quarter. Despite average lithium prices doubling from last year’s level, gross margin only recovered to 20% from 17% a year ago.
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) | 6.40 | 16.02 | 12.44 |
Price/Book Value | 0.87 | 1.41 | 2.72 |
Price/Sales | 0.78 | 2.06 | 2.55 |
Price/Cash Flow | 6.14 | 9.21 | 6.19 |
|
Metric
|
01772
|
ALB
|
SQM
|
|---|---|---|---|
Quick Ratio | 0.59 | 1.25 | 1.84 |
Current Ratio | 1.09 | 2.09 | 2.61 |
Interest Coverage | 7.46 | 1.99 | 12.76 |
|
Metric
|
01772
|
ALB
|
SQM
|
|---|---|---|---|
Return on Assets (Normalized) | 4.42% | 5.06% | 11.03% |
Return on Equity (Normalized) | 11.31% | 10.70% | 26.97% |
Return on Invested Capital (Normalized) | 6.87% | 7.34% | 13.31% |
|
1-Day Chart
|
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Price
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Morningstar Rating for Stocks
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United States