Sichuan Tianqi Lithium Industries Inc (002466) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Sichuan Tianqi Lithium Industries Inc stock ¥14.19, price ¥38.02, that is 62.7% below the price, quality 55 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range ¥24.93 – ¥136.43 · fair‑value band ¥9.93 – ¥18.44 · the ¥38.02 price screens above the ¥14.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
Follow Sichuan Tianqi Lithium Industries in your weekly email
Every Wednesday you see whether Sichuan Tianqi Lithium Industries is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Tianqi Lithium Corporation, a new energy materials company, engages in the production, processing, and sales of lithium chemical products in Australia, Chile, and China.
Show moreShow less
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.
The company was founded in 1992 and is headquartered in Chengdu, the People's Republic of China.
Stock analysis
Sichuan Tianqi Lithium Industries Inc (002466) currently trades at ¥38.02, while our model-based Fair Value estimate is ¥14.19, 63% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of ¥22.30 per share, and 1 of the 16 models we run sit above the ¥38.02 price.
Bear case: the Economic Profit group reads lowest at ¥1.45, and 15 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥9.93 (bear) to ¥18.44 (bull), the price of ¥38.02 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Sichuan Tianqi Lithium Industries Inc reported revenue of 10.3B CNY in FY2025 versus 7.7B CNY in FY2021, a compound +7.8%/yr. Reported net income was 463M CNY in FY2025, compounding −31.3%/yr from FY2021.
Key figures
Market cap 62.4B CNY (≈ $9.4B) Mid · P/E ratio 10.9 · P/S ratio 2.92 · EPS (TTM) ¥3.35 · Dividend yield 1.2% · Net margin 27.7% · Return on equity 20.0% · Return on assets (EBIT) 24.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (medium confidence).
What moves the price
The share trades about 53% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −41% fair-value upside, at −63%, 002466 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.4600 to ¥75.38). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥9.93Fair Value ¥14.19Bull¥18.44
Price ¥38.02 · Downside -62.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥2.85 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income¥16.96¥17.63¥19.1874
EPV¥1.15¥1.45¥1.7173
ROIC Compounder¥1.15¥1.45¥1.7169
All 16 models by family
Earnings-Based
Graham-Dodd¥2.13¥14.85¥20.8561
Lynch FV¥5.79¥8.27¥10.7559
PEG = 1.0¥5.79¥8.27¥10.7555
EPV¥1.15¥1.45¥1.7173
Dividend Discount
Gordon GGM¥0.6800¥1.33¥1.9765
DDM Multi-Stage¥0.6800¥1.16¥1.4065
Multiples
P/E Multiple¥3.99¥5.32¥6.6663
P/S Multiple¥1.21¥1.62¥2.0257
P/B Multiple¥56.53¥75.38¥94.2255
EV/EBIT¥2.22¥3.34¥4.4764
EV/EBITDA¥2.38¥3.56¥4.7366
EV/Revenuen/a¥0.4600¥0.950049
Asset-Based
NCAV (Graham)¥14.72¥22.30¥27.8754
Economic Profit
Residual Income¥16.96¥17.63¥19.1874
ROIC Compounder¥1.15¥1.45¥1.7169
Growth Earnings
Growth-Adj P/E¥6.80¥9.71¥12.6265
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.0%
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.7%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−24.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.0%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−26.0% vs 4.2%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−32% → 30%
AI conclusion: Profit rebound stems from higher lithium prices and SQM income, yet thin margins, low ROE and negative free cash flow show limited durable advantage in specialty chemicals.
Main risk: Lithium price volatility from growing oversupply would cut income from core operations and the SQM stake.
Tianqi's recent profit alert shows a dramatic rebound driven by higher lithium prices from new energy demand and stronger income from its SQM associate. The business still hinges on these volatile external factors more than steady core operations. Does this earnings sensitivity signal improving resilience or just greater exposure to lithium cycles?
Compare Sichuan Tianqi Lithium Industries Inc with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 723 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−62.7% · Bottom 25%
Profitability
Return on equity (12 months)20.0% · Top 25%
Return on assets4.1% · Above median
Net margin (12 months)179.9% · Top 25%
Operating margin (12 months)59.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)135.4% · Top 25%
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.29× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)10.9× · Cheapest 25%
P/B1.47× · Cheaper than median
P/S (12 months)19.07× · Priciest 25%
EV/EBITDA34.5× · Priciest 25%
PEG39.61× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 67
PAST (return on equity)80· sector 27
HEALTH (low debt)86· sector 95
DIVIDEND (yield)24· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Sichuan Tianqi Lithium Industries Inc (002466) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of ¥14.19 versus a price of ¥38.02, about 63% lower (overvalued).
What is the fair value of 002466?
Our model-based fair value for Sichuan Tianqi Lithium Industries Inc is ¥14.19 (as of Nov 2, 2026), built from audited fundamentals. The current price: ¥38.02.
What is the quality score of 002466?
Sichuan Tianqi Lithium Industries Inc has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sichuan Tianqi Lithium Industries Inc (002466)?
Our model-based price target is the fair value of ¥14.19 (as of Nov 2, 2026) from 16 valuation models. Cautious scenario ¥9.93, optimistic scenario ¥18.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Sichuan Tianqi Lithium Industries Inc stock forecast for 2026?
Our models put fair value at ¥14.19, about 63% lower versus a price of ¥38.02 (overvalued). Cautious scenario ¥9.93, optimistic scenario ¥18.44. The calculation is refreshed regularly with new filings.
What is the revenue of Sichuan Tianqi Lithium Industries Inc (002466)?
Sichuan Tianqi Lithium Industries Inc reported trailing-twelve-month revenue of about 21.2B CNY (latest available figure, as of Nov 2, 2026).
Does Sichuan Tianqi Lithium Industries Inc pay a dividend?
Sichuan Tianqi Lithium Industries Inc currently shows a dividend yield of 1.20% relative to its recent price (as of Nov 2, 2026).
What is the intrinsic value of Sichuan Tianqi Lithium Industries Inc (002466)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sichuan Tianqi Lithium Industries Inc it is ¥14.19 per share (as of Nov 2, 2026), against a price of ¥38.02. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Sichuan Tianqi Lithium Industries Inc stock overvalued or undervalued in 2026?
As of Nov 2, 2026, 002466 trades above its calculated fair value: price ¥38.02, fair value ¥14.19, a gap of about −63% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002466?
No. The price is what the market pays today (¥38.02); the fair value is what the company's own numbers justify (¥14.19). For Sichuan Tianqi Lithium Industries Inc the two are ¥23.83 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sichuan Tianqi Lithium Industries Inc worth?
The market values Sichuan Tianqi Lithium Industries Inc at about 62.4B CNY (market capitalisation, as of Nov 2, 2026). Per share that is ¥38.02; our models calculate a fair value of ¥14.19 per share.
What do the bullish and bearish scenarios say about 002466?
Our models span a range for Sichuan Tianqi Lithium Industries Inc: cautious scenario ¥9.93, base ¥14.19, optimistic ¥18.44 per share (as of Nov 2, 2026, price ¥38.02). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002466?
Sichuan Tianqi Lithium Industries Inc trades at a price-to-earnings ratio of 10.9 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥14.19 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 172.8 (reported for FY2025: 134.7). Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 21.3. Other multiples: PEG 39.6, P/B 1.5, P/S 19.1, EV/EBITDA 34.5.
What is the PEG ratio of 002466?
The PEG ratio of Sichuan Tianqi Lithium Industries Inc is 39.61 (P/E divided by earnings growth, as of Nov 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Sichuan Tianqi Lithium Industries Inc (002466)?
Balance-sheet figures for Sichuan Tianqi Lithium Industries Inc (as of Nov 2, 2026): return on equity 20.0%, debt of 0.29 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 002466 from its 52-week high?
Sichuan Tianqi Lithium Industries Inc trades at ¥38.02, about 53% below its 52-week high of ¥81.71 and 10% above the low of ¥34.50 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥14.19 is for.
Which stocks are comparable to Sichuan Tianqi Lithium Industries Inc?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sichuan Tianqi Lithium Industries Inc stock attractive at the current price?
The data as of Nov 2, 2026: price ¥38.02, calculated fair value ¥14.19 (−63%), Quality Score 55/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002466 calculated?
We run Sichuan Tianqi Lithium Industries Inc through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥14.19, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Sichuan Tianqi Lithium Industries Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sichuan Tianqi Lithium Industries Inc (002466)?
The closing price on Nov 5, 2026 was ¥38.02. Our model-based fair value is ¥14.19, about 63% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sichuan Tianqi Lithium Industries Inc right now?
The price sits above even our optimistic bull case (¥18.44). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥9.93 to ¥18.44) leaves room in how you read the outcome.
Where does the earnings growth of Sichuan Tianqi Lithium Industries Inc (002466) come from?
Earnings per share at Sichuan Tianqi Lithium Industries Inc grew +19.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +26.6 %, EBIT margin +7.1 %, tax rate −7.2 %, residual (interest, one-offs) −5.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sichuan Tianqi Lithium Industries Inc
How large is the market capitalisation of Sichuan Tianqi Lithium Industries Inc (002466)?
The market capitalisation of Sichuan Tianqi Lithium Industries Inc is 62.4B CNY (≈ $9.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sichuan Tianqi Lithium Industries Inc (002466)?
The price-to-sales ratio of Sichuan Tianqi Lithium Industries Inc is 2.92 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sichuan Tianqi Lithium Industries Inc (002466)?
Earnings per share at Sichuan Tianqi Lithium Industries Inc are ¥3.35 (price ÷ EPS = P/E 10.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sichuan Tianqi Lithium Industries Inc (002466)?
The dividend yield of Sichuan Tianqi Lithium Industries Inc is 1.2% (payout 13.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sichuan Tianqi Lithium Industries Inc (002466)?
The net margin of Sichuan Tianqi Lithium Industries Inc is 27.7% (last twelve months), excl. one-off gain FY2025 3.5%. How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sichuan Tianqi Lithium Industries Inc (002466)?
The return on equity (ROE) of Sichuan Tianqi Lithium Industries Inc is 20.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sichuan Tianqi Lithium Industries Inc (002466)?
On an EBIT basis the return on assets of Sichuan Tianqi Lithium Industries Inc is 24.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sichuan Tianqi Lithium Industries Inc (002466)?
The operating margin of Sichuan Tianqi Lithium Industries Inc is 59.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sichuan Tianqi Lithium Industries Inc (002466)?
Revenue at Sichuan Tianqi Lithium Industries Inc is growing +135% versus a year earlier (3y avg −36.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sichuan Tianqi Lithium Industries Inc (002466)?
Earnings per share at Sichuan Tianqi Lithium Industries Inc are growing +11.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sichuan Tianqi Lithium Industries Inc (002466) generate?
The free cash flow of Sichuan Tianqi Lithium Industries Inc is −599M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sichuan Tianqi Lithium Industries Inc (002466) carry?
The net debt of Sichuan Tianqi Lithium Industries Inc is 11.1B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Sichuan Tianqi Lithium Industries Inc in the live analysis
One click puts Sichuan Tianqi Lithium Industries Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 2, 2026