TIANQI LITHIUM CORPO

002466
End-of-day quote. End-of-day quote  - 09/29
104.11CNY +1.78%
Valuation
Fiscal Period: December 2021 2022
Capitalization1 158 050164 292
Enterprise Value (EV)1 176 504153 416
P/E ratio 75,9x8,24x
Yield --
Capitalization / Revenue 20,6x4,63x
EV / Revenue 23,0x4,32x
EV / EBITDA 40,1x5,08x
Price to Book 12,4x4,35x
Nbr of stocks (in thousands) 1 477 0991 639 441
Reference price (CNY) 107104
Announcement Date 04/29/2022-
Previous period Next period
1 CNY in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2021 2022
Net sales1 7 66335 496
EBITDA1 4 40230 228
Operating profit (EBIT)1 3 98927 006
Operating Margin 52,1%76,1%
Pre-Tax Profit (EBT)1 3 96436 926
Net income1 2 07920 710
Net margin 27,1%58,3%
EPS2 1,4112,6
Dividend per Share2 --
Announcement Date 04/29/2022-
Previous period Next period
1 CNY in Million
2 CNY
Estimates
Finances - Leverage
Fiscal Period: December 2021 2022
Net Debt1 18 454-
Net Cash position1 -10 876
Leverage (Debt / EBITDA) 4,19x-0,36x
Free Cash Flow1 1 08615 144
ROE (Net Profit / Equities) 23,2%74,4%
Shareholders' equity1 8 98027 823
ROA (Net Profit / Asset) 4,82%33,1%
Assets1 43 10062 551
Book Value Per Share2 8,6423,9
Cash Flow per Share2 1,427,75
Capex1 1 0091 388
Capex / Sales 13,2%3,91%
Announcement Date 04/29/2022-
Previous period Next period
1 CNY in Million
2 CNY
Estimates
Financial Ratios
Size 2022e 2023e
Capitalization 164 292 M CNY -
Enterprise Value (EV) 153 416 M CNY 135 477 M CNY
Valuation 2022e 2023e
P/E ratio (Price / EPS) 8,24x 9,50x
Capitalization / Revenue 4,63x 4,26x
EV / Revenue 4,32x 3,98x
EV / EBITDA 5,08x 5,45x
Yield (DPS / Price) - 0,70%
Price to book (Price / BVPS) 4,35x 3,14x
Profitability 2022e 2023e
Operating Margin (EBIT / Sales) 76,1% 67,3%
Operating Leverage (Delta EBIT / Delta Sales) 1,59x -
Net Margin (Net Profit / Revenue) 58,3% 45,8%
ROA (Net Profit / Asset) 33,1% 25,7%
ROE (Net Profit / Equities) 74,4% 37,0%
Rate of Dividend - 6,63%
Balance Sheet Analysis 2022e 2023e
CAPEX / Sales   3,91% 3,77%
Cash Flow / CA 35,8% 31,6%
Capital Intensity (Assets / Revenue) 1,76x 1,78x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend