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Morningstar

Tianqi Lithium Industries Inc Class A 002466 Stock Quote

Morningstar Rating
| Rating as of

XSHE: 002466

Last close prices updated as of Jun 05, 2023, 3:00 PM HKT | CNY
  • Last Close 75.97
  • Sector Basic Materials
  • Industry Specialty Chemicals
  • Investment Style Large Growth
  • Day Range 74.80  –  76.31
  • Year Range 67.46  –  148.57
  • Market Cap 124.6836 Bil
  • Volume / Avg 30.2 Mil /  31.5 Mil
  • Price / Sales 2.61
  • Price / Book 2.36
  • Forward Div Yield —
  • Trailing Div Yield 0.39%

Morningstar‘s Stock Analysis 002466

Valuation
Currency in —
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1-Star Price

INVESTOR

5-Star Price

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Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Tianqi Earnings: Strong Top-Line Growth With Resilient Margin Despite Lithium Price Decline

Vincent Sun Equity Analyst

Analyst Note

| Vincent Sun |

Narrow-moat Tianqi reported first-quarter net profit growth of 46% year over year to CNY 4.9 billion, accounting for 26% of our full-year estimate. Despite first-quarter average lithium prices plunging more than 20% from a record fourth quarter last year, gross margin still managed to gain 5 percentage points from last quarter to 89.8%, demonstrating the resilient margin profile of its upstream lithium mining business and the value of its self-sufficiency in lithium resource supply.

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Key Statistics 002466

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Company Profile 002466

Business Description

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.

Contact
No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province
Chengdu, 629200, CHN
Sector Basic Materials
Industry Specialty Chemicals
Employees 2,191

Related Articles 002466

Stock Analyst Update

Tianqi Earnings: Strong Top-Line Growth With Resilient Margin Despite Lithium Price Decline

Vincent Sun
Stock Analyst Update

Tianqi’s Strong Q4 as Guided

Vincent Sun
Stock Analyst Update

Our Positive Views on Tianqi, Ganfeng Unchanged

We think that concerns about lower lithium prices are overdone.
Vincent Sun

Related News 002466

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Competitors & Peers 002466

More on 002466’s Competitors & Peers

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of 002466’s competitive advantage.

Tianqi Lithium Industries Inc Class A

XSHE: 002466

Albemarle Corp

XNYS: ALB

Sociedad Quimica Y Minera De Chile SA Pfd Registered Shs Series -B-

XSGO: SQM-B

Ganfeng Lithium Group Co Ltd Class A

XSHE: 002460
Price
75.97208.7555,191.0064.66
Currency
CNYUSDCLPCNY
Change
−$0.33 (0.43%) +$0.39 (0.19%) +$541.00 (0.99%) +$0.46 (0.72%)
Market Cap
124.68 Bil24.52 Bil15.74 Tril130.43 Bil
Industry
Specialty Chemicals Specialty Chemicals Specialty Chemicals Chemicals
Sector
Basic Materials
Basic Materials
Basic Materials
Basic Materials

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Tianqi Lithium Industries Inc Class A Stock

No. 002466 does not currently have a forward dividend yield.
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.

002466’s market cap is 124.68 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.

002466’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.

002466’s price/sales is 2.61.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

002466’s price/forward earnings is 4.70.
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.

002466’s price/book is 2.36.
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 002466’s valuation ratios compared to the Market Index.

002466’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 002466’s historical performance against its industry peers and the overall market.