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. More Details
High growth potential with imperfect balance sheet.
Share Price & News
How has Tianqi Lithium's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 002466 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: 002466's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of CN stocks.
7 Day Return
1 Year Return
Return vs Industry: 002466 underperformed the CN Chemicals industry which returned 56.7% over the past year.
Return vs Market: 002466 exceeded the CN Market which returned 26.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Tianqi Lithium's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Tianqi Lithium undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 002466 (CN¥44.92) is trading above our estimate of fair value (CN¥31.56)
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 (11.3x) compared to the CN Chemicals industry average (2.8x).
How is Tianqi Lithium forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
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 (27.1% per year) is forecast to grow faster than the CN market (18.3% per year).
High Growth Revenue: 002466's revenue (27.1% 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 low in 3 years time (10.4%).
How has Tianqi Lithium performed over the past 5 years?
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 52.3% 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 (3.6%).
Return on Equity
High ROE: 002466 has a negative Return on Equity (-83.49%), as it is currently unprofitable.
How is Tianqi Lithium's financial position?
Financial Position Analysis
Short Term Liabilities: 002466's short term assets (CN¥3.0B) do not cover its short term liabilities (CN¥18.5B).
Long Term Liabilities: 002466's short term assets (CN¥3.0B) do not cover its long term liabilities (CN¥16.1B).
Debt to Equity History and Analysis
Debt Level: 002466's debt to equity ratio (391.9%) is considered high.
Reducing Debt: 002466's debt to equity ratio has increased from 59.5% to 391.9% over the past 5 years.
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 30.5% per year.
What is Tianqi Lithium current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Juncheng Xia serves as Chief Executive Officer at Tianqi Lithium Corporation since January 16, 2021 and serves as its Non-Independent Director since February 01, 2021. Prior to joining Tianqi Lithium, Xia ...
|CFO & Executive Director||13.17yrs||CN¥226.00k||0.057% |
|VP, Secretary of Board of Directors & Non-Independent Director||no data||CN¥120.00k||0.019% |
|CEO & Non-Independent Director||0.083yr||no data||no data|
|Chairman of the Board of Directors||14.08yrs||no data||no data|
|Member of the Supervisory Board||10.25yrs||CN¥10.00k||no data|
|Independent Director||4yrs||no data||no data|
|Employee-Representative to the Supervisory Board||no data||no data||0.00062% |
|Non-Independent Director||4yrs||no data||no data|
|Independent Director||4yrs||no data||no data|
|Chairman of the Board of Supervisors||4yrs||no data||no data|
|Independent Director||1yr||no data||no data|
Experienced Board: 002466's board of directors are considered experienced (4 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tianqi Lithium Corporation's company bio, employee growth, exchange listings and data sources
- Name: Tianqi Lithium Corporation
- Ticker: 2466
- Exchange: SZSE
- Founded: 1995
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: CN¥66.351b
- Shares outstanding: 1.48b
- Website: https://www.tianqilithium.com
Number of Employees
- Tianqi Lithium Corporation
- Building A
- 2nd Floor
- 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|
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, ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/02/27 09:09|
|End of Day Share Price||2021/02/26 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.