Projected Income Statement: Tianqi Lithium Corporation

Forecast Balance Sheet: Tianqi Lithium Corporation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 29,481 29,030 18,454 -4,024 1,046 -6,212 -15,314 -19,866
Change - -1.53% -36.43% -121.81% -74.01% -693.67% -346.52% -229.72%
Announcement Date 4/28/20 4/14/21 4/29/22 3/30/23 3/27/24 - - -
1CNY in Million
Estimates

Cash Flow Forecast: Tianqi Lithium Corporation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 3,735 878.1 1,009 1,716 4,429 1,756 3,027 2,816
Change - -76.49% 14.87% 70.13% 158.07% -60.36% 72.4% -6.97%
Free Cash Flow (FCF) 1 -1,380 -266.4 1,086 18,582 18,259 7,834 5,508 6,550
Change - -80.7% -507.54% 1,611.33% -1.73% -57.1% -29.69% 18.92%
Announcement Date 4/28/20 4/14/21 4/29/22 3/30/23 3/27/24 - - -
1CNY in Million
Estimates

Forecast Financial Ratios: Tianqi Lithium Corporation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) -86.89% -20.95% 57.45% - 91.46% 76.07% 79.15% 73%
EBIT Margin (%) -93.75% -31.56% 52.05% 98.67% 89.61% 61.81% 67.03% 64.36%
EBT Margin (%) -92.55% -32.54% 51.72% 98.65% 89.58% 67.58% 77.96% 74.81%
Net margin (%) -123.61% -56.61% 27.13% 59.64% 18.02% 5.95% 28.2% 27.3%
FCF / Net Income (%) -28.52% -8.22% 14.17% 45.94% 45.08% 60.31% 35.56% 34.42%

Profitability

        
ROA -5.98% -4.14% 4.82% 41.95% 10.13% 2.78% 6% 6.31%
ROE -84.38% -30.14% 23.15% 80.65% 14.61% 0.58% 7.92% 8.88%

Financial Health

        
Leverage (Debt/EBITDA) -7.01x -42.78x 4.19x - 0.03x - - -
Debt / Free cash flow -21.36x -108.96x 17x - 0.06x - - -

Capital Intensity

        
CAPEX / Current Assets (%) 77.17% 27.11% 13.16% 4.24% 10.93% 13.52% 19.54% 14.8%
CAPEX / EBITDA (%) -88.81% -129.39% 22.91% - 11.95% 17.77% 24.69% 20.27%
CAPEX / FCF (%) -270.6% -329.59% 92.9% 9.24% 24.25% 22.41% 54.95% 42.98%

Items per share

        
Cash flow per share 1 2.062 0.4715 1.418 12.37 13.82 4.291 4.428 5.396
Change - -77.13% 200.72% 772.23% 11.78% -68.96% 103.19% 121.86%
Dividend per Share 1 - - - 3 1.35 0.4653 0.6703 0.7351
Change - - - - -55% -65.53% 144.05% 109.67%
Book Value Per Share 1 6.097 3.525 8.639 29.55 31.39 32.5 34.71 37.45
Change - -42.19% 145.12% 242.01% 6.24% 3.53% 106.81% 107.88%
EPS 1 -5.24 -1.24 1.41 15.52 4.45 0.5291 2.501 3.355
Change - -76.34% -213.71% 1,000.71% -71.33% -88.11% 472.71% 134.15%
Nbr of stocks (in thousands) 1,477,099 1,477,099 1,477,099 1,639,441 1,639,441 1,639,441 1,639,441 1,639,441
Announcement Date 4/28/20 4/14/21 4/29/22 3/30/23 3/27/24 - - -
1CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
27.80CNY
Average target price
43.74CNY
Spread / Average Target
+57.35%
Consensus
  1. Stock Market
  2. Equities
  3. 002466 Stock
  4. Financials Tianqi Lithium Corporation