Tianqi Lithium Future Growth

Future criteria checks 3/6

Tianqi Lithium's revenue is forecast to decline at 17.7% per annum while its annual earnings are expected to grow at 51.9% per year. EPS is expected to grow by 53.3% per annum. Return on equity is forecast to be 8.8% in 3 years.

Key information

51.9%

Earnings growth rate

53.3%

EPS growth rate

Chemicals earnings growth	30.6%
Revenue growth rate	-17.7%
Future return on equity	8.8%
Analyst coverage	Good
Last updated	08 Jun 2024

Recent future growth updates

Tianqi Lithium Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Apr 01

Recent updates

There's Reason For Concern Over Tianqi Lithium Corporation's (SZSE:002466) Price

Jun 12

Returns on Capital Paint A Bright Future For Tianqi Lithium (SZSE:002466)

May 21

Time To Worry? Analysts Are Downgrading Their Tianqi Lithium Corporation (SZSE:002466) Outlook

Apr 12

Tianqi Lithium Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Apr 01

Does Tianqi Lithium (SZSE:002466) Have A Healthy Balance Sheet?

Mar 15

Earnings and Revenue Growth Forecasts

SZSE:002466 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	18,853	5,383	6,550	8,983	14
12/31/2025	15,300	5,245	5,508	8,534	17
12/31/2024	13,245	1,802	7,834	8,319	14
3/31/2024	31,639	-1,475	15,906	20,896	N/A
12/31/2023	40,503	7,297	18,245	22,688	N/A
9/30/2023	49,202	16,242	25,068	28,597	N/A
6/30/2023	50,977	20,249	22,487	25,335	N/A
3/31/2023	46,640	25,672	19,153	21,397	N/A
1/1/2023	40,449	24,125	18,582	20,298	N/A
9/30/2022	28,437	17,530	11,068	12,450	N/A
6/30/2022	19,608	12,321	7,238	8,403	N/A
3/31/2022	12,016	5,655	4,473	5,576	N/A
1/1/2022	7,663	2,079	1,086	2,094	N/A
9/30/2021	4,685	-201	629	1,411	N/A
6/30/2021	3,712	-1,051	548	1,314	N/A
3/31/2021	3,175	-1,581	325	1,039	N/A
12/31/2020	3,239	-1,834	-266	696	N/A
9/30/2020	3,470	-7,226	28	1,636	N/A
6/30/2020	4,130	-6,873	-832	1,548	N/A
3/31/2020	4,472	-6,595	-1,067	1,913	N/A
12/31/2019	4,841	-5,983	-1,380	2,355	N/A
9/30/2019	5,283	651	-1,491	2,222	N/A
6/30/2019	5,545	1,084	-973	2,741	N/A
3/31/2019	5,912	1,651	-543	3,108	N/A
12/31/2018	6,244	2,200	192	3,620	N/A
9/30/2018	6,269	2,316	296	3,705	N/A
6/30/2018	6,345	2,530	963	3,747	N/A
3/31/2018	6,075	2,399	1,140	3,402	N/A
12/31/2017	5,470	2,145	N/A	3,095	N/A
9/30/2017	5,094	1,827	N/A	2,693	N/A
6/30/2017	4,614	1,689	N/A	2,036	N/A
3/31/2017	4,214	1,634	N/A	2,024	N/A
12/31/2016	3,905	1,512	N/A	1,776	N/A
9/30/2016	3,330	1,390	N/A	1,416	N/A
6/30/2016	2,817	954	N/A	1,240	N/A
3/31/2016	2,263	502	N/A	955	N/A
12/31/2015	1,867	248	N/A	660	N/A
9/30/2015	1,829	167	N/A	635	N/A
6/30/2015	1,531	154	N/A	510	N/A
3/31/2015	1,503	162	N/A	263	N/A
12/31/2014	1,422	131	N/A	302	N/A
9/30/2014	1,160	-101	N/A	140	N/A
6/30/2014	1,238	-91	N/A	223	N/A
3/31/2014	1,272	-195	N/A	395	N/A
12/31/2013	1,068	-191	N/A	223	N/A
9/30/2013	899	-62	N/A	204	N/A
6/30/2013	672	-62	N/A	58	N/A

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 (2.9%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: 002466's revenue is expected to decline over the next 3 years (-17.7% per year).

High Growth Revenue: 002466's revenue is forecast to decline over the next 3 years (-17.7% 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 (8.8%).

Tianqi Lithium Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 19%

Tianqi Lithium Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Tianqi Lithium Corporation Provides Group Earnings Guidance for the Year Ended 31 December 2023

Price target decreased by 9.1% to CN¥69.50

Price target decreased by 12% to CN¥85.53

Price target decreased by 9.5% to CN¥90.88

Recent updates

There's Reason For Concern Over Tianqi Lithium Corporation's (SZSE:002466) Price

Tianqi Lithium Corporation Approves to Distribute Final Dividend for the Year Ended 31 December 2023 on 22 July 2024

Tianqi Lithium Corporation Announces Final Dividend Payment

Returns on Capital Paint A Bright Future For Tianqi Lithium (SZSE:002466)

First quarter 2024 earnings released: CN¥2.38 loss per share (vs CN¥2.97 profit in 1Q 2023)

Tianqi Lithium Corporation Announces Executive Changes

Investor sentiment deteriorates as stock falls 15%

Time To Worry? Analysts Are Downgrading Their Tianqi Lithium Corporation (SZSE:002466) Outlook

Consensus revenue estimates fall by 19%

Tianqi Lithium Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Tianqi Lithium Corporation to Report Q1, 2024 Results on Apr 30, 2024

Tianqi Lithium Corporation, Annual General Meeting, May 28, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Tianqi Lithium Corporation Proposes Final Dividend for the Year Ended December 31, 2023

Does Tianqi Lithium (SZSE:002466) Have A Healthy Balance Sheet?

Now 21% undervalued after recent price drop

Tianqi Lithium Corporation Provides Group Earnings Guidance for the Year Ended 31 December 2023

Investor sentiment deteriorates as stock falls 16%

Tianqi Lithium Corporation to Report Fiscal Year 2023 Results on Mar 28, 2024

Price target decreased by 9.1% to CN¥69.50

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 12% to CN¥85.53

Price target decreased by 9.5% to CN¥90.88

Consensus revenue estimates increase by 19%

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Profit margin trend

Consensus EPS estimates fall by 12%, revenue upgraded

Tianqi Lithium Corporation Implements Final Dividend (A Shares) for 2022, Payable on 30 June 2023

Tianqi Lithium Corporation Approves Final Dividend for the Year Ended 31 December 2022, Payable on 16 August 2023

Investor sentiment improves as stock rises 16%

High number of new directors

First quarter 2023 earnings released: EPS: CN¥2.97 (vs CN¥2.25 in 1Q 2022)

Investor sentiment deteriorates as stock falls 16%

Price target decreased by 7.7% to CN¥115

Consensus EPS estimates fall by 15%, revenue upgraded

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Tianqi Lithium Corporation Provides Earnings Guidance for the Twelve Months Ended December 31, 2022

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: CN¥3.49 (vs CN¥0.29 in 3Q 2021)

Tianqi Lithium Corporation to Report Q3, 2022 Results on Oct 27, 2022

Tianqi Lithium Corporation Provides Earnings Guidance for the the Nine Months Ended September 30, 2022

Now 23% undervalued after recent price drop

Now 20% undervalued after recent price drop

Consensus revenue estimates fall by 12%

Now 21% undervalued after recent price drop

Consensus forecasts updated

Second quarter 2022 earnings released: EPS: CN¥4.74 (vs CN¥0.24 in 2Q 2021)

Tianqi Lithium Corporation (SZSE:002466) announces an Equity Buyback for CNY 200 million worth of its shares.

Tianqi Lithium Corporation to Report First Half, 2022 Results on Aug 30, 2022

Tianqi Lithium Corporation Provides Earnings Guidance for the Six Months Ended June 30, 2022

Less than half of directors are independent

Tianqi Lithium Corporation has completed a Follow-on Equity Offering in the amount of HKD 13.45802 billion.

Tianqi Lithium Corporation has completed a Follow-on Equity Offering in the amount of HKD 13.45802 billion.

Consensus EPS estimates increase by 11%

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Price target decreased to CN¥112

Investor sentiment improved over the past week

Tianqi Lithium Corporation, Annual General Meeting, May 23, 2022

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to CN¥121

Now 27% undervalued after recent price drop

Third quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.28 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.13 loss in 2Q 2020)

Price target increased to CN¥57.96

Price target increased to CN¥48.53