Tianqi reported a 13-fold year-on-year increase in third-quarter net profit, driven by a doubling in average lithium prices from a year earlier. Gross margin expanded to 63% from 38%. The company also recorded a fivefold increase in equity income from Sociedad Quimica Y Minera De Chile SA.
Lithium demand would remain resilient, driven by vehicle electrification. The lithium price is expected to recover from the current low level in the next few years.
Decrease in the price of lithium products or changes in the current and expected supply/demand dynamics of lithium would significantly affect Tianqi’s profitability, resulting in volatility and uncertainty in earnings forecast.
|
Metric
|
002466
|
01772
|
ALB
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.21 | 6.42 | 16.55 |
Price/Book Value | 1.27 | 0.87 | 1.45 |
Price/Sales | 2.95 | 0.78 | 2.13 |
Price/Cash Flow | 9.75 | 6.17 | 9.52 |
|
Metric
|
002466
|
01772
|
ALB
|
|---|---|---|---|
Quick Ratio | 2.37 | 0.59 | 1.25 |
Current Ratio | 2.93 | 1.09 | 2.09 |
Interest Coverage | 25.38 | 7.46 | 1.99 |
|
Metric
|
002466
|
01772
|
ALB
|
|---|---|---|---|
Return on Assets (Normalized) | 7.39% | 4.42% | 5.06% |
Return on Equity (Normalized) | 12.73% | 11.31% | 10.70% |
Return on Invested Capital (Normalized) | 8.62% | 6.87% | 7.34% |
|
1-Day Chart
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Price
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Morningstar Rating for Stocks
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Market Cap
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United States