In this piece, we will take a look at the five undervalued lithium stocks to buy now. For more lithium stocks, head on over to 10 Undervalued Lithium Stocks to Buy Now.
5. Sichuan Yahua Industrial Group Co., Ltd. (SHE:002497.SZ)
Latest P/E Ratio: 6.24
Sichuan Yahua Industrial Group Co., Ltd. (SHE:002497.SZ) is a Chinese firm that is headquartered in Chengdu, China. The firm is a diversified chemicals company that has a wide variety of products in its portfolio. These include explosive materials, detonators, and other equipment. Additionally, Sichuan Yahua Industrial Group Co., Ltd. (SHE:002497.SZ) also has a well established lithium portfolio through which it sells lithium hydroxide, lithium salts, and lithium carbonate.
4. Tianqi Lithium Corporation (HKG:9696.HK)
Latest P/E Ratio: 5.66
Tianqi Lithium Corporation (HKG:9696.HK) is another Chinese company that is also headquartered in Chengdu, China. The firm claims to be one of the biggest lithium firms in the world, primarily through its mine in Greenbushes, Australia. Apart from Australia, Tianqi Lithium Corporation (HKG:9696.HK) also has operations in the United Kingdom, Chile, and China.
3. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)
Latest P/E Ratio: 5.57
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is a Chilean company headquartered in Santiago de Chile, Chile. The firm was set up in 1968, and alongside lithium, it also provides plant nutrients, iodine, and other products. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)’s lithium operations are focused primarily in a desert in Northern Chile. The site is a money maker for the firm, having generated close to a billion dollars in revenue in 2021.
25 of the 943 hedge funds part of Insider Monkey’s Q4 2022 survey had bought Sociedad Química y Minera de Chile S.A. (NYSE:SQM)’s shares in Q4 2022. The firm’s largest investor is Israel Englander’s Millennium Management with a $138 million stake.
Follow Chemical & Mining Co Of Chile Inc (NYSE:SQM)
Follow Chemical & Mining Co Of Chile Inc (NYSE:SQM)
2. Yongxing Special Materials Technology Co.,Ltd (SHE:002756.SZ)
Latest P/E Ratio: 5.47
Yongxing Special Materials Technology Co.,Ltd (SHE:002756.SZ) is a Chinese firm headquartered in Huzhou, China. The firm provides industrial grade products that allow other firms to make and sell lithium batteries. These include lithium carbonate which is primarily used in battery production. Yongxing Special Materials Technology Co.,Ltd (SHE:002756.SZ) was set up in 2000 and it has a host of different subsidiaries under its belt. The firm restarted its lithium carbonate production in December 2022 in Jiangxi, after it was shut down due to an environmental pollution investigation.
1. Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF)
Latest P/E Ratio: 4.16
Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) is a Chinese firm based in Xinyu, China. It is a pure-play lithium company, with a diverse set of products such as lithium carbonate and lithium hydroxide for batteries, lithium ingots, and rods, and a variety of different lithium batteries. Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) has production operations in Australia, China, Ireland, Mali, and Argentina.
Disclosure: None. You can also take a look at 10 Best EV Battery Stocks Under $10 and 12 Best Low-Priced Technology Stocks To Invest In.
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