Tianqi Lithium Corporation

XSEC:002466 Stock Report

Market Cap: CN¥61.2b

Tianqi Lithium Valuation

Is 002466 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 002466 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002466 (CN¥38.68) is trading above our estimate of fair value (CN¥35.24)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002466?

Key metric: As 002466 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 002466. This is calculated by dividing 002466's market cap by their current revenue.
What is 002466's PS Ratio?
PS Ratio3.7x
SalesCN¥17.17b
Market CapCN¥61.16b

Price to Sales Ratio vs Peers

How does 002466's PS Ratio compare to its peers?

The above table shows the PS ratio for 002466 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.2x
002460 Ganfeng Lithium Group
3.9x14.3%CN¥75.1b
603260 Hoshine Silicon Industry
2.5x19.7%CN¥68.5b
002001 Zhejiang NHU
3.4x7.6%CN¥67.0b
603659 Shanghai Putailai New Energy TechnologyLtd
3.2x17.8%CN¥42.6b
002466 Tianqi Lithium
3.7x5.6%CN¥61.2b

Price-To-Sales vs Peers: 002466 is expensive based on its Price-To-Sales Ratio (3.7x) compared to the peer average (3.2x).

Price to Sales Ratio vs Industry

How does 002466's PS Ratio compare vs other companies in the CN Chemicals Industry?

24 CompaniesPrice / SalesEstimated GrowthMarket Cap
600346 Hengli PetrochemicalLtd
0.4x4.3%US$13.84b
002493 Rongsheng Petrochemical
0.3x8.5%US$12.73b
000301 Jiangsu Eastern ShenghongLtd
0.4x6.8%US$8.48b
601233 Tongkun Group
0.3x4.6%US$3.77b
002466 3.7xIndustry Avg. 2.3xNo. of Companies71PS0246810+
24 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 002466 is expensive based on its Price-To-Sales Ratio (3.7x) compared to the CN Chemicals industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 002466's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

002466 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.7x
Fair PS Ratio5.5x

Price-To-Sales vs Fair Ratio: 002466 is good value based on its Price-To-Sales Ratio (3.7x) compared to the estimated Fair Price-To-Sales Ratio (5.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 002466 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥38.68
CN¥35.28
-8.8%
31.6%CN¥55.00CN¥21.00n/a15
Nov ’25CN¥36.09
CN¥35.41
-1.9%
31.8%CN¥55.00CN¥21.00n/a15
Oct ’25CN¥35.20
CN¥35.12
-0.2%
31.7%CN¥55.00CN¥21.00n/a15
Sep ’25CN¥26.28
CN¥40.13
+52.7%
25.3%CN¥55.00CN¥24.00n/a15
Aug ’25CN¥28.65
CN¥43.74
+52.7%
25.5%CN¥67.00CN¥26.00n/a15
Jul ’25CN¥29.99
CN¥44.70
+49.0%
25.5%CN¥67.00CN¥26.00n/a16
Jun ’25CN¥36.08
CN¥46.61
+29.2%
22.8%CN¥67.00CN¥28.00n/a15
May ’25CN¥39.51
CN¥49.28
+24.7%
24.3%CN¥72.00CN¥32.00n/a14
Apr ’25CN¥50.31
CN¥54.00
+7.3%
25.0%CN¥80.00CN¥32.00n/a15
Mar ’25CN¥53.80
CN¥56.14
+4.4%
22.0%CN¥80.00CN¥33.00n/a15
Feb ’25CN¥46.53
CN¥56.41
+21.2%
21.0%CN¥80.00CN¥37.00n/a15
Jan ’25CN¥55.79
CN¥61.65
+10.5%
30.4%CN¥119.60CN¥37.00n/a16
Dec ’24CN¥50.12
CN¥66.64
+33.0%
33.4%CN¥119.60CN¥41.00n/a14
Nov ’24CN¥53.61
CN¥76.42
+42.5%
28.5%CN¥119.60CN¥45.40CN¥36.0912
Oct ’24CN¥54.93
CN¥83.26
+51.6%
24.6%CN¥119.60CN¥48.50CN¥35.2012
Sep ’24CN¥57.47
CN¥103.40
+79.9%
24.9%CN¥155.00CN¥48.50CN¥26.2813
Aug ’24CN¥66.28
CN¥104.13
+57.1%
23.3%CN¥155.00CN¥58.00CN¥28.6513
Jul ’24CN¥69.91
CN¥104.13
+48.9%
23.3%CN¥155.00CN¥58.00CN¥29.9913
Jun ’24CN¥72.33
CN¥105.50
+45.9%
23.8%CN¥155.00CN¥58.00CN¥36.0813
May ’24CN¥71.26
CN¥105.61
+48.2%
23.6%CN¥155.00CN¥58.00CN¥39.5113
Apr ’24CN¥75.52
CN¥116.14
+53.8%
22.4%CN¥155.00CN¥58.00CN¥50.3114
Mar ’24CN¥82.10
CN¥124.56
+51.7%
16.9%CN¥155.00CN¥92.00CN¥53.8014
Feb ’24CN¥97.09
CN¥125.74
+29.5%
17.5%CN¥155.00CN¥92.00CN¥46.5314
Jan ’24CN¥78.99
CN¥133.55
+69.1%
17.7%CN¥180.00CN¥92.00CN¥55.7913
Dec ’23CN¥89.76
CN¥133.55
+48.8%
17.7%CN¥180.00CN¥92.00CN¥50.1213
Nov ’23CN¥100.18
CN¥137.53
+37.3%
16.1%CN¥180.00CN¥92.00CN¥53.6111

Analyst Forecast: Target price is lower than the current share price.

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