TIANQI LITHIUM CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 39.94 CNY | -1.89% |
|
+1.09% | -28.41% |
| May. 02 | Tianqi Lithium Chairman Passes On Board Leadership to Daughter | MT |
| Apr. 29 | Tianqi Lithium Corporation Announces Executive Changes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 44,579 | 58,006 | 158,050 | 124,636 | 88,736 | 63,910 | - | - |
| Enterprise Value (EV) 1 | 74,060 | 87,035 | 176,504 | 120,612 | 89,783 | 55,762 | 45,039 | 46,385 |
| P/E ratio | -5.76 x | -31.7 x | 75.9 x | 5.09 x | 12.5 x | 20.7 x | 12.7 x | 11.2 x |
| Yield | - | - | - | 3.8% | 2.42% | 3.12% | 1.89% | 1.94% |
| Capitalization / Revenue | 9.21 x | 17.9 x | 20.6 x | 3.08 x | 2.19 x | 4.56 x | 4.12 x | 3.38 x |
| EV / Revenue | 15.3 x | 26.9 x | 23 x | 2.98 x | 2.22 x | 3.98 x | 2.9 x | 2.45 x |
| EV / EBITDA | -17.6 x | -128 x | 40.1 x | - | 2.42 x | 5.14 x | 3.26 x | 3.28 x |
| EV / FCF | -53.7 x | -327 x | 163 x | 6.49 x | 4.92 x | 7.74 x | 8.19 x | 7.49 x |
| FCF Yield | -1.86% | -0.31% | 0.62% | 15.4% | 20.3% | 12.9% | 12.2% | 13.4% |
| Price to Book | 4.95 x | 11.1 x | 12.4 x | 2.67 x | 1.78 x | 1.24 x | 1.1 x | 1.03 x |
| Nbr of stocks (in thousands) | 1,477,099 | 1,477,099 | 1,477,099 | 1,639,441 | 1,639,441 | 1,639,441 | - | - |
| Reference price 2 | 30.18 | 39.27 | 107.0 | 78.99 | 55.79 | 39.94 | 39.94 | 39.94 |
| Announcement Date | 4/28/20 | 4/14/21 | 4/29/22 | 3/30/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,841 | 3,239 | 7,663 | 40,449 | 40,503 | 14,023 | 15,504 | 18,910 |
| EBITDA 1 | -4,206 | -678.7 | 4,402 | - | 37,046 | 10,846 | 13,835 | 14,151 |
| EBIT 1 | -4,538 | -1,022 | 3,989 | 39,911 | 36,296 | 9,751 | 12,967 | 12,590 |
| Operating Margin | -93.75% | -31.56% | 52.05% | 98.67% | 89.61% | 69.54% | 83.63% | 66.58% |
| Earnings before Tax (EBT) 1 | -4,480 | -1,054 | 3,964 | 39,901 | 36,281 | 10,623 | 15,029 | 15,023 |
| Net income 1 | -5,983 | -1,834 | 2,079 | 24,125 | 7,297 | 4,552 | 5,433 | 5,470 |
| Net margin | -123.61% | -56.61% | 27.13% | 59.64% | 18.02% | 32.46% | 35.04% | 28.93% |
| EPS 2 | -5.240 | -1.240 | 1.410 | 15.52 | 4.450 | 1.933 | 3.138 | 3.558 |
| Free Cash Flow 1 | -1,380 | -266.4 | 1,086 | 18,582 | 18,259 | 7,207 | 5,496 | 6,193 |
| FCF margin | -28.52% | -8.22% | 14.17% | 45.94% | 45.08% | 51.4% | 35.45% | 32.75% |
| FCF Conversion (EBITDA) | - | - | 24.66% | - | 49.29% | 66.45% | 39.73% | 43.76% |
| FCF Conversion (Net income) | - | - | 52.23% | 77.02% | 250.22% | 158.34% | 101.16% | 113.21% |
| Dividend per Share 2 | - | - | - | 3.000 | 1.350 | 1.246 | 0.7541 | 0.7763 |
| Announcement Date | 4/28/20 | 4/14/21 | 4/29/22 | 3/30/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | 15,803 | 26,153 | 11,449 | 13,339 | - | 8,576 | - | 15,680 | - | - | 5,485 | - | - | 6,454 | 6,065 | 7,413 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | 14,740 | 25,224 | - | - | - | - | - | 12,886 | - | - | 3,570 | - | - | 3,371 | 3,115 | 3,774 |
| Operating Margin | - | - | - | - | 93.27% | 96.45% | - | - | - | - | - | 82.18% | - | - | 65.09% | - | - | 52.23% | 51.36% | 50.91% |
| Earnings before Tax (EBT) | - | - | - | - | 14,715 | 25,216 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 85.8 | 7,000 | 10,328 | - | 8,143 | 13,797 | - | 1,572 | 6,447 | - | -801.2 | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | 51.53% | 52.75% | - | 11.78% | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 1 | 0.0600 | 4.740 | - | 3.490 | 5.040 | 8.530 | 2.970 | 0.9600 | - | 1.000 | -0.4800 | - | -2.380 | 0.4000 | - | 0.4000 | 0.3900 | - | - | - |
| Dividend per Share 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.6689 | - | - | - |
| Announcement Date | 8/29/21 | 8/30/22 | 8/30/22 | 10/27/22 | 3/30/23 | 3/30/23 | 4/28/23 | 8/30/23 | 8/30/23 | 10/26/23 | 3/27/24 | 3/27/24 | 4/29/24 | - | - | - | - | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 29,481 | 29,030 | 18,454 | - | 1,046 | - | - | - |
| Net Cash position 1 | - | - | - | 4,024 | - | 8,147 | 18,871 | 17,524 |
| Leverage (Debt/EBITDA) | -7.01 x | -42.78 x | 4.192 x | - | 0.0282 x | - | - | - |
| Free Cash Flow 1 | -1,380 | -266 | 1,086 | 18,582 | 18,259 | 7,207 | 5,496 | 6,193 |
| ROE (net income / shareholders' equity) | -84.4% | -30.1% | 23.2% | 80.7% | 14.6% | 5.41% | 9.2% | 9.04% |
| ROA (Net income/ Total Assets) | -5.98% | -4.14% | 4.82% | 42% | - | 5.57% | 6.4% | 6.57% |
| Assets 1 | 100,063 | 44,315 | 43,100 | 57,506 | - | 81,667 | 84,884 | 83,230 |
| Book Value Per Share 2 | 6.100 | 3.520 | 8.640 | 29.50 | 31.40 | 32.30 | 36.30 | 38.60 |
| Cash Flow per Share 2 | 2.060 | 0.4700 | 1.420 | 12.40 | 13.80 | 6.120 | 5.050 | 5.880 |
| Capex 1 | 3,735 | 878 | 1,009 | 1,716 | 4,429 | 2,052 | 2,933 | 2,732 |
| Capex / Sales | 77.17% | 27.11% | 13.16% | 4.24% | 10.93% | 14.63% | 18.91% | 14.45% |
| Announcement Date | 4/28/20 | 4/14/21 | 4/29/22 | 3/30/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
39.94
CNY
Average target price
49.15
CNY
Spread / Average Target
+23.06%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -28.41% | 8.85B | |
| +5.97% | 105B | |
| -4.19% | 63.99B | |
| +51.90% | 42.95B | |
| +17.44% | 39.2B | |
| +6.62% | 33.01B | |
| +13.00% | 20.33B | |
| +15.64% | 17.29B | |
| +22.55% | 15.72B | |
| +7.34% | 14.72B |
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