Tianqi Lithium Corp (SZSE:002466)

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Price: 39.81 CNY -4.07%

Market Cap: 65.3B CNY

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Section:

Relative Value

The Relative Value of one Tianqi Lithium Corp stock under the Base Case scenario is 44.1 CNY. Compared to the current market price of 39.81 CNY, Tianqi Lithium Corp is Undervalued by 10%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

P/S

vs History	66
vs Industry	43

Median 5Y

6.6

Industry

1.5

Forward

5.2

More Details

Negative

P/E

vs History
vs Industry	60

Median 5Y

-4.1

Industry

21.8

Forward

-29.2

More Details

5.1

P/OCF

vs History	71
vs Industry	74

Median 5Y

Industry

13.1

More Details

P/FCFE

vs History	28
vs Industry	54

Median 5Y

3.1

Industry

20.7

More Details

1.5

P/B

vs History	85
vs Industry	67

Median 5Y

4.9

Industry

1.6

More Details

3.3

EV/S

vs History	63
vs Industry	43

Median 5Y

10.2

Industry

1.6

Forward

5.8

More Details

4.6

EV/GP

vs History	61
vs Industry	81

Median 5Y

15.3

Industry

7.2

More Details

EV/EBITDA

vs History	47
vs Industry	72

Median 5Y

4.6

Industry

13.1

Forward

11.9

More Details

EV/EBIT

vs History	47
vs Industry	69

Median 5Y

4.6

Industry

17.2

Forward

12.6

More Details

5.7

EV/OCF

vs History	66
vs Industry	73

Median 5Y

21.7

Industry

13.9

More Details

9.6

EV/FCFF

vs History	38
vs Industry	50

Median 5Y

6.8

Industry

More Details

1.2

EV/IC

vs History	71
vs Industry	64

Median 5Y

1.6

Industry

1.3

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CN		Tianqi Lithium Corp SZSE:002466	65.3B CNY	3	-15	5	5
US		Sherwin-Williams Co NYSE:SHW	97.8B USD	4.2	38.2	24.5	28.5
JP		Shin-Etsu Chemical Co Ltd TSE:4063	11.2T JPY	4.5	21.8	9.8	12.9
US		Ecolab Inc NYSE:ECL	69.8B USD	4.5	34.1	21.7	29.6
CH		Givaudan SA SIX:GIVN	36.3B CHF	5.1	35.2	24.6	31.4
US		Dupont De Nemours Inc NYSE:DD	34.8B USD	2.9	43.6	13.5	22.5
CN		Wanhua Chemical Group Co Ltd SSE:600309	232B CNY	1.2	15.3	16.7	16.7
CH	D	DSM-Firmenich AG AEX:DSFIR	28.5B EUR	2.7	13.4	33.8	-66.1
US		PPG Industries Inc NYSE:PPG	28.5B USD	1.6	19.1	11.6	14.4
IN		Asian Paints Ltd NSE:ASIANPAINT	2.4T INR	6.7	46.7	32.7	37.2
DK		Novozymes A/S CSE:NZYM B	165.6B DKK	9.3	54.8	28.9	37.9

				Revenue Growth
CN		Tianqi Lithium Corp SZSE:002466	Average P/S: 4.1 3	-54%
US		Sherwin-Williams Co NYSE:SHW	4.2	11%
JP		Shin-Etsu Chemical Co Ltd TSE:4063	4.5	24%
US		Ecolab Inc NYSE:ECL	4.5	14%
CH		Givaudan SA SIX:GIVN	5.1	19%
US		Dupont De Nemours Inc NYSE:DD	2.9	17%
CN		Wanhua Chemical Group Co Ltd SSE:600309	1.2	44%
CH	D	DSM-Firmenich AG AEX:DSFIR	2.7	36%
US		PPG Industries Inc NYSE:PPG	1.6	-2%
IN		Asian Paints Ltd NSE:ASIANPAINT	6.7	29%
DK		Novozymes A/S CSE:NZYM B	9.3	N/A

				Earnings Growth
CN		Tianqi Lithium Corp SZSE:002466	Average P/E: 32.2 Negative Multiple: -15	-49%
US		Sherwin-Williams Co NYSE:SHW	38.2	52%
JP		Shin-Etsu Chemical Co Ltd TSE:4063	21.8	40%
US		Ecolab Inc NYSE:ECL	34.1	76%
CH		Givaudan SA SIX:GIVN	35.2	46%
US		Dupont De Nemours Inc NYSE:DD	43.6	400%
CN		Wanhua Chemical Group Co Ltd SSE:600309	15.3	41%
CH	D	DSM-Firmenich AG AEX:DSFIR	13.4	-42%
US		PPG Industries Inc NYSE:PPG	19.1	80%
IN		Asian Paints Ltd NSE:ASIANPAINT	46.7	15%
DK		Novozymes A/S CSE:NZYM B	54.8	N/A

				EBITDA Growth
CN		Tianqi Lithium Corp SZSE:002466	Average EV/EBITDA: 20.3 5	-67%
US		Sherwin-Williams Co NYSE:SHW	24.5	27%
JP		Shin-Etsu Chemical Co Ltd TSE:4063	9.8	36%
US		Ecolab Inc NYSE:ECL	21.7	38%
CH		Givaudan SA SIX:GIVN	24.6	34%
US		Dupont De Nemours Inc NYSE:DD	13.5	32%
CN		Wanhua Chemical Group Co Ltd SSE:600309	16.7	131%
CH	D	DSM-Firmenich AG AEX:DSFIR	33.8	203%
US		PPG Industries Inc NYSE:PPG	11.6	21%
IN		Asian Paints Ltd NSE:ASIANPAINT	32.7	10%
DK		Novozymes A/S CSE:NZYM B	28.9	N/A

				EBIT Growth
CN		Tianqi Lithium Corp SZSE:002466	Average EV/EBIT: 23.6 5	-69%
US		Sherwin-Williams Co NYSE:SHW	28.5	34%
JP		Shin-Etsu Chemical Co Ltd TSE:4063	12.9	N/A
US		Ecolab Inc NYSE:ECL	29.6	47%
CH		Givaudan SA SIX:GIVN	31.4	43%
US		Dupont De Nemours Inc NYSE:DD	22.5	82%
CN		Wanhua Chemical Group Co Ltd SSE:600309	16.7	50%
CH	D	DSM-Firmenich AG AEX:DSFIR	Negative Multiple: -66.1	N/A
US		PPG Industries Inc NYSE:PPG	14.4	31%
IN		Asian Paints Ltd NSE:ASIANPAINT	37.2	14%
DK		Novozymes A/S CSE:NZYM B	37.9	N/A

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Tianqi Lithium Corp
SZSE:002466

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples
Tianqi Lithium Corp Competitors

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Company

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52 Week Range	24.93 59.82
Price Target

Tianqi Lithium Corp SZSE:002466

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples Tianqi Lithium Corp Competitors

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Company

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Tianqi Lithium Corp
SZSE:002466

Competitors Multiples
Tianqi Lithium Corp Competitors