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Tianqi Lithium Industries Inc Class A 002466

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Stock XSHE Rating as of
CNY 40.63 −4.51 (9.99%)
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As of Delayed Price Closed
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Company Report

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Price vs Fair Value

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002466 is trading at a 11% premium.
Price
CNY 45.14
Fair Value
CNY 64.30
Uncertainty
High
1-Star Price
CNY 68.47
5-Star Price
CNY 64.54
Economic Moat
Qvyzdf
Capital Allocation
Tfksxshm

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
CNY 45.14
Day Range
CNY 40.63–40.63
52-Week Range
CNY 40.63–83.70
Bid/Ask
CNY 0.00 / CNY 40.63
Market Cap
CNY 66.68 Bil
Volume/Avg
10.5 Mil / 28.5 Mil

Key Statistics

Price/Earnings (Normalized)
10.51
Price/Sales
1.83
Dividend Yield (Trailing)
7.38%
Dividend Yield (Forward)
7.38%
Total Yield
6.65%

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
Specialty Chemicals
Stock Style Box
Large Value
Total Number of Employees
2,864
Website
http://www.tianqilithium.com

Competitors

Valuation

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Metric
002466
01772
ALB
Price/Earnings (Normalized)
 10.5113.555.18
Price/Book Value
 1.440.831.44
Price/Sales
 1.831.171.41
Price/Cash Flow
 3.038.784.78
Price/Earnings
002466
01772
ALB

Financial Strength

Metric
002466
01772
ALB
Quick Ratio
 ——0.77
Current Ratio
 ——1.47
Interest Coverage
 ——2.71
Quick Ratio
002466
01772
ALB

Profitability

Metric
002466
01772
ALB
Return on Assets (Normalized)
 ——14.67%
Return on Equity (Normalized)
 ——28.28%
Return on Invested Capital (Normalized)
 ——20.38%
Return on Assets
002466
01772
ALB
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