2466 Stock 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
|Historical stock prices|
|Current Share Price||CN¥100.40|
|52 Week High||CN¥148.57|
|52 Week Low||CN¥58.05|
|1 Month Change||-4.58%|
|3 Month Change||-29.15%|
|1 Year Change||-1.16%|
|3 Year Change||269.12%|
|5 Year Change||42.84%|
|Change since IPO||589.08%|
Recent News & Updates
|2466||CN Chemicals||CN Market|
Return vs Industry: 002466 exceeded the CN Chemicals industry which returned -22.5% over the past year.
Return vs Market: 002466 exceeded the CN Market which returned -19.2% over the past year.
|2466 Average Weekly Movement||7.6%|
|Chemicals Industry Average Movement||6.1%|
|Market Average Movement||5.8%|
|10% most volatile stocks in CN Market||9.2%|
|10% least volatile stocks in CN Market||3.8%|
Stable Share Price: 002466 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 002466's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.
About the Company
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
|2466 fundamental statistics|
Is 2466 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2466 income statement (TTM)|
|Cost of Revenue||CN¥4.03b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||7.52|
|Net Profit Margin||62.83%|
How did 2466 perform over the long term?See historical performance and comparison
Is 2466 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2466?
Other financial metrics that can be useful for relative valuation.
|What is 2466's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2466's PE Ratio compare to its peers?
|2466 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
603260 Hoshine Silicon Industry
600309 Wanhua Chemical Group
603659 Shanghai Putailai New Energy TechnologyLtd
600884 Ningbo ShanshanLtd
002466 Tianqi Lithium
Price-To-Earnings vs Peers: 002466 is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (17.4x).
Price to Earnings Ratio vs Industry
How does 2466's PE Ratio compare vs other companies in the CN Chemicals Industry?
Price-To-Earnings vs Industry: 002466 is good value based on its Price-To-Earnings Ratio (13.4x) compared to the CN Chemicals industry average (25.1x)
Price to Earnings Ratio vs Fair Ratio
What is 2466's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||13.4x|
|Fair PE Ratio||12.1x|
Price-To-Earnings vs Fair Ratio: 002466 is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).
Share Price vs Fair Value
What is the Fair Price of 2466 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 002466 (CN¥100.4) is trading below our estimate of fair value (CN¥136.36)
Significantly Below Fair Value: 002466 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Tianqi Lithium forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 002466's earnings are forecast to decline over the next 3 years (-10.7% per year).
Earnings vs Market: 002466's earnings are forecast to decline over the next 3 years (-10.7% per year).
High Growth Earnings: 002466's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 002466's revenue is expected to decline over the next 3 years (-1.7% per year).
High Growth Revenue: 002466's revenue is forecast to decline over the next 3 years (-1.7% 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 (30.5%)
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How has Tianqi Lithium performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002466 has high quality earnings.
Growing Profit Margin: 002466 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 002466's earnings have grown by 2.3% per year over the past 5 years.
Accelerating Growth: 002466 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 002466 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (16.1%).
Return on Equity
High ROE: 002466's Return on Equity (49.6%) is considered outstanding.
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How is Tianqi Lithium's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 002466's short term assets (CN¥13.9B) do not cover its short term liabilities (CN¥14.3B).
Long Term Liabilities: 002466's short term assets (CN¥13.9B) exceed its long term liabilities (CN¥9.9B).
Debt to Equity History and Analysis
Debt Level: 002466's net debt to equity ratio (46.5%) is considered high.
Reducing Debt: 002466's debt to equity ratio has increased from 53.7% to 61.7% over the past 5 years.
Debt Coverage: 002466's debt is well covered by operating cash flow (47.1%).
Interest Coverage: 002466 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Tianqi Lithium current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
|Tianqi Lithium Dividend Yield vs Market|
|Company (Tianqi Lithium)||0%|
|Market Bottom 25% (CN)||0.5%|
|Market Top 25% (CN)||2.2%|
|Industry Average (Chemicals)||1.8%|
|Analyst forecast in 3 Years (Tianqi Lithium)||0.5%|
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.
Earnings Payout to Shareholders
Earnings Coverage: 002466 is not paying a notable dividend for the CN market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 002466 has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Juncheng Xia (50 yo)
Mr. Juncheng Xia serves as President at Tianqi Lithium Corporation since January 15, 2021 and serves as its Executive Director since February 01, 2021. Prior to joining Tianqi Lithium, he had management ex...
Experienced Management: 002466's management team is seasoned and experienced (10.1 years average tenure).
Experienced Board: 002466's board of directors are considered experienced (5.7 years average tenure).
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Tianqi Lithium Corporation's employee growth, exchange listings and data sources
- Name: Tianqi Lithium Corporation
- Ticker: 2466
- Exchange: SZSE
- Founded: 1995
- Industry: Specialty Chemicals
- Sector: Materials
- Implied Market Cap: CN¥158.311b
- Shares outstanding: 1.64b
- Website: https://www.tianqilithium.com
Number of Employees
- Tianqi Lithium Corporation
- Building 1
- No.10, East Gaopeng Road
- Sichuan Province
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2466||SZSE (Shenzhen Stock Exchange)||Yes||Domestic Shares||CN||CNY||Aug 2010|
|2466||XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)||Yes||Domestic Shares||CN||CNY||Aug 2010|
|9696||SEHK (The Stock Exchange of Hong Kong Ltd.)||Foreign Shares-Foreign Listed||HK||HKD||Jul 2022|
|2220||DB (Deutsche Boerse AG)||Foreign Shares-Foreign Listed||DE||EUR||Jul 2022|
|9696||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Foreign Shares-Foreign Listed||HK||HKD||Jul 2022|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/02 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.