Ganfeng Lithium Group Future Growth

Future criteria checks 4/6

Ganfeng Lithium Group is forecast to grow earnings and revenue by 29.6% and 15% per annum respectively. EPS is expected to grow by 29.5% per annum. Return on equity is forecast to be 12% in 3 years.

Key information

29.6%

Earnings growth rate

29.5%

EPS growth rate

Chemicals earnings growth	30.5%
Revenue growth rate	15.0%
Future return on equity	12.0%
Analyst coverage	Good
Last updated	26 Jun 2024

Recent future growth updates

Earnings Miss: Ganfeng Lithium Group Co., Ltd. Missed EPS By 26% And Analysts Are Revising Their Forecasts

Apr 01

Recent updates

Potential Upside For Ganfeng Lithium Group Co., Ltd. (SZSE:002460) Not Without Risk

Jun 03

Investors Could Be Concerned With Ganfeng Lithium Group's (SZSE:002460) Returns On Capital

Apr 22

Shaky Earnings May Not Tell The Whole Story For Ganfeng Lithium Group (SZSE:002460)

Apr 04

Downgrade: Here's How Analysts See Ganfeng Lithium Group Co., Ltd. (SZSE:002460) Performing In The Near Term

Apr 02

Earnings Miss: Ganfeng Lithium Group Co., Ltd. Missed EPS By 26% And Analysts Are Revising Their Forecasts

Apr 01

Earnings and Revenue Growth Forecasts

SZSE:002460 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	39,257	5,875	2,188	7,540	12
12/31/2025	29,894	4,083	-65	6,883	15
12/31/2024	24,227	2,539	-161	6,505	13
3/31/2024	28,591	2,111	-4,447	3,434	N/A
12/31/2023	32,972	4,947	-8,500	146	N/A
9/30/2023	39,893	11,719	-5,015	3,162	N/A
6/30/2023	45,524	19,100	-135	7,703	N/A
3/31/2023	45,895	19,375	1,864	8,187	N/A
1/1/2023	41,823	20,504	7,541	12,491	N/A
9/30/2022	31,720	17,550	5,148	9,652	N/A
6/30/2022	21,542	11,065	-399	4,087	N/A
3/31/2022	14,921	8,277	524	3,972	N/A
1/1/2022	11,162	5,228	-793	2,620	N/A
9/30/2021	8,685	3,167	-679	1,473	N/A
6/30/2021	7,201	2,285	-990	1,187	N/A
3/31/2021	6,052	1,493	-797	668	N/A
12/31/2020	5,524	1,025	-485	746	N/A
9/30/2020	5,024	359	24	643	N/A
6/30/2020	4,906	219	9	665	N/A
3/31/2020	5,091	113	-479	297	N/A
12/31/2019	5,342	358	-180	669	N/A
9/30/2019	5,621	698	-307	801	N/A
6/30/2019	5,494	912	-444	913	N/A
3/31/2019	5,284	1,356	-223	1,055	N/A
12/31/2018	5,004	1,341	-554	685	N/A
9/30/2018	5,135	1,438	-306	476	N/A
6/30/2018	5,090	1,587	277	830	N/A
3/31/2018	4,808	1,571	57	397	N/A
12/31/2017	4,383	1,469	N/A	504	N/A
9/30/2017	3,664	982	N/A	249	N/A
6/30/2017	3,126	794	N/A	51	N/A
3/31/2017	2,806	493	N/A	594	N/A
12/31/2016	2,844	464	N/A	658	N/A
9/30/2016	2,509	526	N/A	797	N/A
6/30/2016	2,153	352	N/A	568	N/A
3/31/2016	1,788	208	N/A	383	N/A
12/31/2015	1,354	125	N/A	366	N/A
9/30/2015	1,107	111	N/A	89	N/A
6/30/2015	1,007	98	N/A	39	N/A
3/31/2015	921	90	N/A	50	N/A
12/31/2014	869	86	N/A	11	N/A
9/30/2014	819	80	N/A	86	N/A
6/30/2014	764	78	N/A	91	N/A
3/31/2014	707	76	N/A	58	N/A
12/31/2013	686	74	N/A	64	N/A
9/30/2013	667	70	N/A	-9	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002460's forecast earnings growth (29.6% per year) is above the savings rate (2.9%).

Earnings vs Market: 002460's earnings (29.6% per year) are forecast to grow faster than the CN market (22.2% per year).

High Growth Earnings: 002460's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 002460's revenue (15% per year) is forecast to grow faster than the CN market (13.7% per year).

High Growth Revenue: 002460's revenue (15% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 002460's Return on Equity is forecast to be low in 3 years time (12%).

Ganfeng Lithium Group Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 11%, revenue upgraded

Consensus revenue estimates fall by 28%

Earnings Miss: Ganfeng Lithium Group Co., Ltd. Missed EPS By 26% And Analysts Are Revising Their Forecasts

Ganfeng Lithium Group Co., Ltd. Announces Earnings Guidance for the Twelve Months Ended December 31, 2023

Price target decreased by 9.9% to CN¥54.94

Price target decreased by 7.3% to CN¥65.62

Recent updates

Ganfeng Lithium Group Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024

Ganfeng Lithium Group Co., Ltd. Announces Final Dividend for the Year Ended 31 December 2023, Payable on or Before August 25, 2024

Wong Sze Wing to Retire as Independent Non-Executive Director, Chairman of the Audit Committee of the Board and the Member of the Sustainable Development Committee of the Board of Ganfeng Lithium Group Co., Ltd

Potential Upside For Ganfeng Lithium Group Co., Ltd. (SZSE:002460) Not Without Risk

Now 22% undervalued

Consensus EPS estimates fall by 11%, revenue upgraded

First quarter 2024 earnings released

Investors Could Be Concerned With Ganfeng Lithium Group's (SZSE:002460) Returns On Capital

Shaky Earnings May Not Tell The Whole Story For Ganfeng Lithium Group (SZSE:002460)

Consensus revenue estimates fall by 28%

Downgrade: Here's How Analysts See Ganfeng Lithium Group Co., Ltd. (SZSE:002460) Performing In The Near Term

Earnings Miss: Ganfeng Lithium Group Co., Ltd. Missed EPS By 26% And Analysts Are Revising Their Forecasts

Ganfeng Lithium Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Ganfeng Lithium Group Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2023

Investor sentiment deteriorates as stock falls 17%

Ganfeng Lithium Group Co., Ltd. Announces Earnings Guidance for the Twelve Months Ended December 31, 2023

Ganfeng Lithium's Unit to Buy Up to 5% Stake in Mali Lithium

Ganfeng Lithium Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024

Price target decreased by 9.9% to CN¥54.94

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued after recent price drop

Ganfeng Lithium Group Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023

Price target decreased by 7.3% to CN¥65.62

Price target decreased by 12% to CN¥67.01

Price target decreased by 8.9% to CN¥78.22

Now 21% undervalued after recent price drop

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

New major risk - Revenue and earnings growth

Ganfeng Lithium Group Co., Ltd completed the acquisition of 70% stake in Xianghuangqi Mengjin Mining Development Co., Ltd. from Li Liangbin.

Ganfeng Lithium Group Co., Ltd entered into the Equity Transfer Agreement to acquire 70% stake in Xianghuangqi Mengjin Mining Development Co., Ltd. from Li Liangbin for CNY 1.4 billion.

Ganfeng Lithium Group Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 12 July 2023

Ganfeng Lithium Group Co., Ltd. Announces Final Dividend for the Year Ended 31 December 2022, Payable on August 14, 2023

Ganfeng Lithium Group Co., Ltd. Approves Cash Dividend for 2022, Payable on or Before August 29, 2023

Ganfeng Lithium Group Co., Ltd. Announces First Lithium Carbonate Products of Its Cauchari-Olaroz Salt Lake Project in Argentina

Ganfeng Lithium Group Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2022

Price target decreased by 8.5% to CN¥93.52

Full year 2022 earnings released: EPS: CN¥10.15 (vs CN¥2.67 in FY 2021)

Ganfeng Lithium Group Co., Ltd. Announces Financial Director Changes

Ganfeng Lithium Group Co., Ltd. Provides Earnings Guidance for the Twelve Months Ended December 31, 2022

Lithium Americas Corp. (TSX:LAC) entered into a definitive arrangement agreement to acquire the remaining stake in Arena Minerals Inc. (TSXV:AN) from Ganfeng Lithium Group Co., Ltd. (SZSE:002460), GFL International Co., Ltd. and others.

Less than half of directors are independent

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: CN¥3.75 (vs CN¥0.51 in 3Q 2021)

Price target decreased to CN¥117

Ganfeng Lithium Group Co., Ltd. to Report Q3, 2022 Results on Oct 28, 2022

Consensus EPS estimates increase by 22%

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Ganfeng Lithium Co., Ltd. to Report First Half, 2022 Results on Aug 30, 2022

Ganfeng Lithium Co., Ltd. Provides Earnings Forecast for the Second Quarter and Six Months Ended June 30, 2022

Ganfeng Lithium Co., Ltd. Announces Final Dividend on Share A for 2021, Payable on July 4, 2022

Ganfeng Lithium Co., Ltd. Approves Final Divided for the Financial Year Ended December 31, 2021, Payable on August 04, 2022

Ganfeng Lithium Co., Ltd. Proposes Final Ordinary Dividend for the Year Ended December 31, 2021, Payable on August 4, 2022

Price target decreased to CN¥178

Investor sentiment improved over the past week

Consensus EPS estimates increase by 26%

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Less than half of directors are independent

Ganfeng Lithium Co., Ltd. to Report Q1, 2022 Results on Apr 26, 2022

Now 20% undervalued after recent price drop

Ganfeng Lithium Co., Ltd., Annual General Meeting, Jun 10, 2022

Consensus forecasts updated

Ganfeng Lithium Co., Ltd. Proposes Final Dividend for the Year Ended December 31, 2021

Full year 2021 earnings: Revenues miss analyst expectations

Investor sentiment deteriorated over the past week

Consensus EPS estimates increase by 11%

Ganfeng Lithium Co., Ltd. Provides Earnings Guidance for the Year Ended December 31, 2021

Third quarter 2021 earnings released: EPS CN¥0.72 (vs CN¥0.13 in 3Q 2020)

Price target increased to CN¥206