GANFENG LITHIUM GROUP CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 35.83 CNY | -2.10% |
|
+1.62% | -16.29% |
| May. 08 | Ganfeng Lithium Arm to Buyout African JV for $342 Million | MT |
| May. 08 | Leo Lithium Signs MoU with Mali Government; Sells Stake in Goulamina for $342.7 Million | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 41,520 | 129,309 | 192,980 | 132,957 | 79,826 | 66,749 | - | - |
| Enterprise Value (EV) 1 | 43,987 | 133,226 | 194,114 | 135,811 | 95,565 | 84,630 | 85,816 | 86,614 |
| P/E ratio | 124 x | 128 x | 38.4 x | 6.83 x | 17.4 x | 22.4 x | 13.2 x | 11.2 x |
| Yield | 0.86% | 0.3% | 0.21% | 1.44% | 1.87% | 0.98% | 1.36% | 1.74% |
| Capitalization / Revenue | 7.77 x | 23.4 x | 17.5 x | 3.21 x | 2.42 x | 2.75 x | 1.88 x | 1.68 x |
| EV / Revenue | 8.23 x | 24.1 x | 17.6 x | 3.28 x | 2.9 x | 3.49 x | 2.42 x | 2.18 x |
| EV / EBITDA | 62.7 x | 94.6 x | 52.1 x | 5.84 x | 15.7 x | 17.4 x | 11.2 x | 9.73 x |
| EV / FCF | -304 x | -288 x | -246 x | 17.9 x | -11.2 x | -12.3 x | -25.1 x | -31.3 x |
| FCF Yield | -0.33% | -0.35% | -0.41% | 5.57% | -8.89% | -8.13% | -3.99% | -3.19% |
| Price to Book | 5.39 x | 13.4 x | 9.39 x | 3.18 x | 1.84 x | 1.46 x | 1.32 x | 1.19 x |
| Nbr of stocks (in thousands) | 1,809,640 | 1,866,044 | 2,012,470 | 2,016,939 | 2,015,572 | 2,004,896 | - | - |
| Reference price 2 | 24.88 | 72.29 | 102.0 | 69.51 | 42.80 | 35.83 | 35.83 | 35.83 |
| Announcement Date | 2/28/20 | 2/26/21 | 3/14/22 | 3/16/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,342 | 5,524 | 11,043 | 41,371 | 32,972 | 24,250 | 35,418 | 39,688 |
| EBITDA 1 | 701.9 | 1,408 | 3,729 | 23,274 | 6,103 | 4,858 | 7,669 | 8,901 |
| EBIT 1 | 475.3 | 1,135 | 3,345 | 22,763 | 5,218 | 3,555 | 4,964 | 7,412 |
| Operating Margin | 8.9% | 20.55% | 30.29% | 55.02% | 15.83% | 14.66% | 14.02% | 18.68% |
| Earnings before Tax (EBT) 1 | 474.5 | 1,127 | 5,771 | 22,779 | 5,259 | 3,793 | 4,920 | 6,873 |
| Net income 1 | 358.1 | 1,025 | 5,226 | 20,504 | 4,947 | 3,090 | 4,587 | 5,485 |
| Net margin | 6.7% | 18.55% | 47.32% | 49.56% | 15% | 12.74% | 12.95% | 13.82% |
| EPS 2 | 0.2000 | 0.5643 | 2.657 | 10.17 | 2.460 | 1.598 | 2.714 | 3.209 |
| Free Cash Flow 1 | -144.9 | -462.1 | -790.6 | 7,569 | -8,495 | -6,884 | -3,424 | -2,764 |
| FCF margin | -2.71% | -8.36% | -7.16% | 18.29% | -25.76% | -28.39% | -9.67% | -6.96% |
| FCF Conversion (EBITDA) | - | - | - | 32.52% | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | 36.91% | - | - | - | - |
| Dividend per Share 2 | 0.2143 | 0.2143 | 0.2143 | 1.000 | 0.8000 | 0.3512 | 0.4873 | 0.6242 |
| Announcement Date | 2/28/20 | 2/26/21 | 3/14/22 | 3/16/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 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 Q1 | 2025 Q2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,387 | 3,137 | 4,025 | 4,108 | 7,098 | 5,365 | 9,078 | 14,444 | - | 14,211 | 27,050 | 9,438 | 8,707 | 18,112 | 7,537 | 7,290 | 14,826 | 5,058 | 6,765 | 15,808 | 7,822 | 8,301 | 21,186 | 8,019 | 8,458 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | 1,105 | 2,896 | 4,079 | 4,002 | 4,391 | 8,392 | 8,816 | 5,554 | 14,370 | 2,354 | - | - | 112.2 | -1,073 | - | -499.7 | 2,975 | - | 3,381 | 4,463 | - | - | - | 1,505 | 1,445 |
| Operating Margin | - | - | 27.44% | 70.48% | 57.47% | 74.58% | 48.36% | 58.1% | - | 39.08% | 53.13% | 24.94% | - | - | 1.49% | -14.71% | - | -9.88% | 43.98% | - | 43.23% | 53.77% | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | 2,958 | - | 4,033 | 4,383 | - | 8,818 | 5,545 | 14,363 | 2,354 | 3,871 | - | 111.1 | -1,077 | - | -499.8 | 3,055 | - | 3,472 | 4,583 | - | - | - | - | - |
| Net income 1 | 157.7 | - | - | 2,756 | - | 3,525 | 3,728 | 7,254 | 7,541 | 5,709 | 13,250 | 2,397 | 3,454 | 5,850 | 159.7 | -1,063 | - | -438.9 | 2,603 | - | 2,958 | 3,904 | - | - | - | - | - |
| Net margin | 6.61% | - | - | 67.07% | - | 65.7% | 41.07% | 50.22% | - | 40.17% | 48.98% | 25.39% | 39.66% | 32.3% | 2.12% | -14.58% | - | -8.68% | 38.47% | - | 37.81% | 47.03% | - | - | - | - | - |
| EPS 2 | 0.0857 | 0.4786 | 0.7429 | 1.393 | 1.914 | 1.750 | 1.150 | 3.600 | 3.730 | 2.840 | 6.570 | 1.190 | 1.710 | 2.900 | 0.0800 | -0.5200 | -0.4400 | -0.2200 | 0.3700 | 0.3600 | 0.4100 | 0.4600 | 0.6000 | - | - | 0.4800 | 0.4700 |
| Dividend per Share 2 | - | - | - | 0.2143 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.5865 | - | - | - | - | - |
| Announcement Date | 8/25/20 | 2/26/21 | 8/30/21 | 3/14/22 | 3/14/22 | 4/26/22 | 8/30/22 | 8/30/22 | 10/30/22 | 3/16/23 | 3/16/23 | 4/27/23 | 8/29/23 | 8/29/23 | 10/30/23 | 3/28/24 | 3/28/24 | 4/29/24 | - | - | - | - | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,467 | 3,917 | 1,134 | 2,854 | 15,739 | 17,881 | 19,067 | 19,865 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.515 x | 2.783 x | 0.3041 x | 0.1226 x | 2.579 x | 3.681 x | 2.486 x | 2.232 x |
| Free Cash Flow 1 | -145 | -462 | -791 | 7,569 | -8,495 | -6,884 | -3,424 | -2,764 |
| ROE (net income / shareholders' equity) | 4.38% | 11.1% | 32.1% | 61.4% | 10.8% | 6.77% | 11% | 11% |
| ROA (Net income/ Total Assets) | 2.57% | 5.66% | 17.1% | 34.7% | 5.83% | 3.83% | 6.05% | 6.74% |
| Assets 1 | 13,927 | 18,116 | 30,538 | 59,107 | 84,816 | 80,693 | 75,873 | 81,403 |
| Book Value Per Share 2 | 4.620 | 5.400 | 10.90 | 21.80 | 23.30 | 24.60 | 27.20 | 30.20 |
| Cash Flow per Share 2 | 0.3700 | 0.4000 | 1.330 | 6.190 | 0.0700 | 2.760 | 3.410 | 3.510 |
| Capex 1 | 814 | 1,208 | 3,411 | 4,922 | 8,642 | 6,446 | 6,775 | 6,328 |
| Capex / Sales | 15.24% | 21.88% | 30.89% | 11.9% | 26.21% | 26.58% | 19.13% | 15.94% |
| Announcement Date | 2/28/20 | 2/26/21 | 3/14/22 | 3/16/23 | 3/28/24 | - | - | - |
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
23
Last Close Price
35.83
CNY
Average target price
41
CNY
Spread / Average Target
+14.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -16.29% | 9.24B | |
| +5.48% | 105B | |
| -3.71% | 65.16B | |
| +51.90% | 42.93B | |
| +18.29% | 39.48B | |
| +7.47% | 33.27B | |
| +10.70% | 19.92B | |
| +16.99% | 17.49B | |
| +20.27% | 15.43B | |
| +10.05% | 15.09B |
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