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Tianqi Lithium Corp Class H 09696

Morningstar Rating
HKD 36.45 +0.45 (1.25%)
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Company Report

Price vs Fair Value

09696 is trading at a 20% discount.
Price
HKD 36.45
Fair Value
HKD 11.10
Uncertainty
High
1-Star Price
HKD 34.45
5-Star Price
HKD 91.22
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Lithium demand would remain resilient, driven by vehicle electrification and the lag in new supply to meet demand growth. The lithium price is expected to recover from the current low level in the next few years.

Bears

Decrease in the price of lithium products or changes in the current and expected supply/demand dynamics of lithium would significantly affect Tianqi’s profitability, resulting in volatility and uncertainty in earnings forecast.

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Trading Information

Previous Close Price
HKD 36.00
Day Range
HKD 35.6536.80
52-Week Range
HKD 31.2061.30
Bid/Ask
HKD 36.45 / HKD 36.50
Market Cap
HKD 59.82 Bil
Volume/Avg
493,000 / 1.4 Mil

Key Statistics

Price/Earnings (Normalized)
7.69
Price/Sales
1.47
Dividend Yield (Trailing)
8.19%
Dividend Yield (Forward)
8.19%
Total Yield
8.19%

Company Profile

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world’s fourth largest and Asia’s second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Large Core
Total Number of Employees
2,864

Competitors

Valuation

Metric
09696
01772
ALB
Price/Earnings (Normalized)
7.6914.935.13
Price/Book Value
1.120.911.42
Price/Sales
1.471.291.40
Price/Cash Flow
2.639.674.73
Price/Earnings
09696
01772
ALB

Financial Strength

Metric
09696
01772
ALB
Quick Ratio
1.620.77
Current Ratio
2.171.47
Interest Coverage
92.632.71
Quick Ratio
09696
01772
ALB

Profitability

Metric
09696
01772
ALB
Return on Assets (Normalized)
43.45%14.67%
Return on Equity (Normalized)
63.19%28.28%
Return on Invested Capital (Normalized)
51.17%20.38%
Return on Assets
09696
01772
ALB
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