Tianqi Lithium Ratios and Metrics

Market cap in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '26 Mar 20, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Market Capitalization	80,440	52,395	88,736	124,636	158,050	58,006
Market Cap Growth	54.76%	-40.96%	-28.80%	-21.14%	172.47%	30.12%
Enterprise Value	98,754	67,184	90,672	130,958	182,146	90,345
Last Close Price	49.00	33.00	53.69	72.81	98.63	36.20
PE Ratio	-	-	12.16	5.17	76.03	-
Forward PE	23.15	47.61	19.54	6.19	89.20	-
PS Ratio	7.74	4.01	2.19	3.08	20.62	17.91
PB Ratio	1.57	1.07	1.64	2.35	8.71	7.80
P/TBV Ratio	2.17	1.41	1.88	2.80	17.09	38.24
P/FCF Ratio	379.11	50.88	4.86	6.71	145.56	-
P/OCF Ratio	22.63	9.43	3.91	6.14	75.46	83.29
EV/Sales Ratio	9.50	5.14	2.24	3.24	23.77	27.89
EV/EBITDA Ratio	25.49	12.36	2.68	3.83	39.70	74.25
EV/EBIT Ratio	37.79	14.89	2.75	3.90	43.59	103.37
EV/FCF Ratio	465.43	65.24	4.97	7.05	167.76	-
Debt / Equity Ratio	0.34	0.30	0.22	0.16	1.20	4.13
Debt / EBITDA Ratio	4.48	2.65	0.35	0.25	4.70	25.23
Debt / FCF Ratio	81.88	14.49	0.64	0.47	20.09	-
Net Debt / Equity Ratio	0.18	0.17	0.04	-0.07	1.09	4.00
Net Debt / EBITDA Ratio	2.54	1.56	0.06	-0.11	4.32	24.42
Net Debt / FCF Ratio	43.93	8.26	0.12	-0.20	18.26	-111.50
Asset Turnover	0.14	0.18	0.56	0.70	0.18	0.07
Inventory Turnover	2.73	2.85	2.58	4.00	3.41	2.17
Quick Ratio	2.20	1.78	2.18	3.12	0.40	0.07
Current Ratio	3.18	2.55	2.95	3.44	0.47	0.11
Return on Equity (ROE)	0.83%	-0.06%	47.83%	87.36%	20.25%	-13.80%
Return on Assets (ROA)	2.26%	3.98%	28.66%	36.54%	6.06%	1.23%
Return on Invested Capital (ROIC)	1.57%	-0.18%	44.21%	60.05%	7.27%	2.31%
Return on Capital Employed (ROCE)	3.80%	7.10%	49.60%	53.10%	13.70%	5.70%
Earnings Yield	-2.52%	-15.09%	8.22%	19.36%	1.31%	-3.16%
FCF Yield	0.26%	1.97%	20.56%	14.91%	0.69%	-0.46%
Dividend Yield	-	-	2.51%	4.12%	-	-
Payout Ratio	-	-	76.42%	5.06%	56.04%	-
Buyback Yield / Dilution	-0.07%	-0.01%	-5.50%	-5.43%	0.30%	-29.51%
Total Shareholder Return	-0.07%	-0.01%	-2.98%	-1.31%	0.30%	-29.51%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.