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2466

Tianqi LithiumSZSE:002466 Stock Report

Market Cap

CN¥153.9b

7D

-4.0%

1Y

412.9%

Updated

24 Sep, 2021

Data

Company Financials +
2466 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance0/6
Financial Health2/6
Dividends0/6

2466 Overview

Tianqi Lithium Corporation, a new energy materials company, engages in the lithium resource investment, lithium concentrate extraction, and production of advanced lithium specialty compounds in Australia, Chile, and China.

Tianqi Lithium Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tianqi Lithium
Historical stock prices
Current Share PriceCN¥104.18
52 Week HighCN¥19.01
52 Week LowCN¥143.17
Beta1.14
1 Month Change-15.20%
3 Month Change65.79%
1 Year Change412.95%
3 Year Change173.94%
5 Year Change173.80%
Change since IPO615.02%

Recent News & Updates

Shareholder Returns

2466CN ChemicalsCN Market
7D-4.0%-5.2%-0.2%
1Y412.9%72.4%12.9%

Return vs Industry: 002466 exceeded the CN Chemicals industry which returned 78% over the past year.

Return vs Market: 002466 exceeded the CN Market which returned 13.7% over the past year.

Price Volatility

Is 2466's price volatile compared to industry and market?
2466 volatility
2466 Beta1.14
Industry Beta0.77
Market Beta1

Stable Share Price: 002466 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: 002466's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
19951,644Juncheng Xiahttps://www.tianqilithium.com

Tianqi Lithium Corporation, a new energy materials company, engages in the lithium resource investment, lithium concentrate extraction, and production of advanced lithium specialty compounds in Australia, Chile, and China. Its products include battery and industrial grade lithium carbonate and lithium hydroxide monohydrate, lithium chloride anhydrous, and lithium metal. The company was founded in 1995 and is headquartered in Chengdu, the People’s Republic of China.

Tianqi Lithium Fundamentals Summary

How do Tianqi Lithium's earnings and revenue compare to its market cap?
2466 fundamental statistics
Market CapCN¥153.88b
Earnings (TTM)-CN¥1.05b
Revenue (TTM)CN¥3.71b

41.5x

P/S Ratio

-146.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2466 income statement (TTM)
RevenueCN¥3.71b
Cost of RevenueCN¥2.13b
Gross ProfitCN¥1.58b
ExpensesCN¥2.63b
Earnings-CN¥1.05b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.71
Gross Margin42.57%
Net Profit Margin-28.33%
Debt/Equity Ratio425.2%

How did 2466 perform over the long term?

See historical performance and comparison

Valuation

Is Tianqi Lithium undervalued compared to its fair value and its price relative to the market?

30.79x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 002466 (CN¥104.18) is trading above our estimate of fair value (CN¥47.77)

Significantly Below Fair Value: 002466 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002466 is unprofitable, so we can't compare its PE Ratio to the CN Chemicals industry average.

PE vs Market: 002466 is unprofitable, so we can't compare its PE Ratio to the CN market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 002466's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 002466 is overvalued based on its PB Ratio (30.8x) compared to the CN Chemicals industry average (3.5x).


Future Growth

How is Tianqi Lithium forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

65.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002466 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.3%).

Earnings vs Market: 002466 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 002466's is expected to become profitable in the next 3 years.

Revenue vs Market: 002466's revenue (33.5% per year) is forecast to grow faster than the CN market (18.1% per year).

High Growth Revenue: 002466's revenue (33.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002466's Return on Equity is forecast to be high in 3 years time (21%)


Past Performance

How has Tianqi Lithium performed over the past 5 years?

-53.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002466 is currently unprofitable.

Growing Profit Margin: 002466 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 002466 is unprofitable, and losses have increased over the past 5 years at a rate of 53.5% per year.

Accelerating Growth: Unable to compare 002466's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 002466 is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (36.5%).


Return on Equity

High ROE: 002466 has a negative Return on Equity (-7.96%), as it is currently unprofitable.


Financial Health

How is Tianqi Lithium's financial position?


Financial Position Analysis

Short Term Liabilities: 002466's short term assets (CN¥2.6B) do not cover its short term liabilities (CN¥27.0B).

Long Term Liabilities: 002466's short term assets (CN¥2.6B) do not cover its long term liabilities (CN¥7.2B).


Debt to Equity History and Analysis

Debt Level: 002466's debt to equity ratio (425.2%) is considered high.

Reducing Debt: 002466's debt to equity ratio has increased from 46.6% to 425.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 002466 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 002466 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 34.5% per year.


Dividend

What is Tianqi Lithium current dividend yield, its reliability and sustainability?

0.15%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 002466's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 002466's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 002466's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 002466's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 002466 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 002466's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average board tenure


CEO

Juncheng Xia (49 yo)

0.67

Tenure

Mr. Juncheng Xia serves as President at Tianqi Lithium Corporation since January 16, 2021 and serves as its Non-Independent Director since February 01, 2021. Prior to joining Tianqi Lithium, he had managem...


Board Members

Experienced Board: 002466's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tianqi Lithium Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Tianqi Lithium Corporation
  • Ticker: 2466
  • Exchange: SZSE
  • Founded: 1995
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: CN¥153.884b
  • Shares outstanding: 1.48b
  • Website: https://www.tianqilithium.com

Number of Employees


Location

  • Tianqi Lithium Corporation
  • Building 1
  • No.10, East Gaopeng Road
  • Chengdu
  • Sichuan Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 15:39
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.