1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
Capital Allocation
INVESTOR
Shares of lithium producers plunged in 2023 as falling spot prices leave investors worried the 2022 boom turned bust. However, we see no reason to panic. For investors, the selloff creates an attractive opportunity to invest in lithium.
Ganfeng Lithium Group Co Ltd is a producer of lithium. It covering the important sectors of the lithium industry from upstream to downstream, including (1) extraction of upstream lithium resources; (2) deep processing of lithium compounds; (3) production of lithium metals; (4) production of lithium batteries; and (5) reclaiming and recycling lithium. It has three reportable operating segments: Lithium metal and compound segment: manufacture and sale of lithium products, and rendering of processing services; Lithium battery segment: manufacture and sale of lithium batteries; and Lithium ore resource and others segment: exploration and sale of lithium ore and other lithium products.
Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of 002460’s competitive advantage.
Ganfeng Lithium Group Co Ltd Class A
XSHE: 002460
| Albemarle Corp
XNYS: ALB
| Sociedad Quimica Y Minera De Chile SA Pfd Registered Shs Series -B-
XSGO: SQM-B
| Livent Corp
XNYS: LTHM
| |
Price
| 62.09 | 203.99 | 54,300.00 | 23.90 |
Currency
| CNY | USD | CLP | USD |
Change
| +$0.73 (1.19%) | −$0.98 (0.48%) | +$1,239.00 (2.34%) | +$0.29 (1.23%) |
Market Cap
| 125.24 Bil | 23.94 Bil | 15.51 Tril | 4.29 Bil |
Industry
| Chemicals | Specialty Chemicals | Specialty Chemicals | Specialty Chemicals |
Sector
|
Basic Materials
|
Basic Materials
|
Basic Materials
|
Basic Materials
|
* Trading data in this section is delayed by at least 15 minutes.
Yes. 002460 has a forward dividend yield of 0.49%.
See
002460’s full dividends and stock split history
on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Learn more about dividend yield.
002460’s market cap is 125.24 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the
largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
Learn more about market capitalization.
002460’s stock style is Large Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Learn more about style.
002460’s price/sales is 2.70.
Price/sales represents the amount an investor is willing to pay for a dollar generated from
a particular company’s sales or revenues.
002460’s price/forward earnings is 6.39.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates.
The lower the Forward P/E, the cheaper the stock.
002460’s price/book is 2.68.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets,
based on historical, rather than current, valuations. Historical valuations generally do not reflect
a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See 002460’s valuation ratios compared to the Market Index.
002460’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Compare 002460’s historical performance against its industry peers and the overall market.
