Tianqi Lithium Industries (002466) Stock Price, Fundamentals & Analysis

What 002466 does

Tianqi Lithium Industries (002466) is a stock listed on the Shenzhen Stock Exchange in the Basic Materials sector, Specialty Chemicals industry. The company, founded in 1992 and headquartered in Chengdu, China, operates as a new energy materials company engaged in the production, processing, and sales of lithium chemical products in Australia, Chile, and China. Its products include battery and industrial grade lithium carbonate, battery and industrial grade lithium hydroxide monohydrate, lithium chloride anhydrous, lithium metal, sodium sulfate, non-ferrous metal ash slag, aluminium silicon powder, sodium hypochlorite, and technical grade lithium spodumene.

Key numbers explained

• The current price is 40.9 CNY, down 3.58% today and 11.9% over the last 52 weeks, with a 52-week range of 40.44 – 82.49.
• The trailing P/E ratio of 15.2 shows how much investors pay per unit of recent earnings; the forward P/E ratio of 12.1 reflects the same using expected future earnings.
• Earnings per share for the trailing 12 months is 2.69 CNY, representing the portion of profit attributable to each share.
• The dividend yield is 0%, with 0% of earnings paid out as dividends and an ex-dividend date of 7 Jun 2024.
• Beta of 0.78 suggests the stock has historically moved less than the overall market.
• Revenue for the trailing 12 months is 17.76 mld. CNY, growing 216.4% year over year, with a profit margin of 26% and an operating margin of 64.3%.
• The return on equity of 15.4% indicates how efficiently the company generates profit from shareholders' equity.
• The debt-to-equity ratio of 29.5% shows the proportion of debt relative to equity, while the price-to-book of 1.44 compares the market price to the company's book value per share.

What to watch

As a lithium producer, Tianqi Lithium Industries is exposed to commodity price cycles for lithium and other specialty chemicals. Investors often monitor production volumes, cost management, and demand from battery manufacturers. The company's operations across multiple countries can introduce currency and geopolitical factors. For peers in the Shenzhen Stock Exchange, you may also look at Ganfeng Lithium (002460), Qinghai Salt Lake Potash (000792), and Guangzhou Tinci Materials Technology (002709), which operate in related industrial and materials segments.