Sociedad Quimica y Minera de Chile SA

Basic Materials

SQMStrong9 of 11 basics passed

$63.91

-0.95%

Market cap $18.3B

$63.91

-0.95%

Market cap $18.3B

Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts.

It is a $18.3B materials company. Revenue grew 1.0% over the last year, it keeps 13¢ of every dollar of sales as profit, and its net debt equals ~0.5 years of free cash flow. It trades at 22.3× earnings.

Website: sqm.com
Employees: 7 739
Sector: Basic Materials

Share price · 3 years

$56.80 → $63.91+12.5%

price only — dividends excluded

Key facts · FY2025

Revenue: total sales; $4.58B
Profit: keeps 13¢ of every $1 sold; $588M
Free cash flow: cash left after running the business; $1.96B
Net debt: debt minus cash on hand; $965M
P/E: years of profit in the price; 22.3
EPS: earnings per share, FY2025; $2.06
Dividend: pays out 0% of profit · 0% of FCF; 0.01%
Shares: shares outstanding; 285.6M

Revenue, last 5 years

52-week range

Low $40.77$63.91High $95.31

Today's price is 42% of the way from the year's low to its high.

Valuation vs own history

P/E

31.0×

43%

P/S

4.0×

42%

EV/EBITDA

17.7×

37%

P/B

2.1×

74%

FCF yield

10.7%

72%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Standing in Basic Materials

Size$18.3Btop 54%
Revenue growth-25%top 98%
Net margin15%top 47%
Return on equity15%top 50%
P/E22.3×top 69%
Dividend yield0.01%top 100%

Ranked against 51 Basic Materials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation, health and quality; Growth and Moat lag behind.

Valuation77

P/E vs own history58th pct · 12/25
FCF yield10.7% · 25/25
P/S3.4x · 20/25
EV/EBITDA14.1x · 20/25

Growth32

Revenue CAGR12.4% · 20/25
Net income CAGR0.1% · 6/25
EPS CAGR ~5Y0.1% · 6/25
Fwd implied growthn/a · 0/25

Profitability62

ROIC6.1% · 5/25
ROE14.6% · 12/25
Net margin12.9% · 20/25
Operating margin29.1% · 25/25

Health81

Altman Z2.59 · 18/25
Current ratio2.76 · 25/25
Interest coverage9.4x · 18/25
Net cash / debtD/A 6% · 20/25

Quality77

Piotroski F5/9 · 15/25
Beneish M-2.85 · 25/25
FCF conversion333% · 25/25
Margin stabilityσ 10.6% · 12/25

Moat44

ROIC >12% years3/5 yrs · 13/25
Median gross margin38.1% · 13/25
FCF-positive years4/5 yrs · 18/25
Worst-year net marginworst -8.9% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2022Financial
Revenue crossed $10B
$10.7B for the year
FY2022Financial
Best year on record
$3.91B net income
FY2021Financial
First recorded profitable year
$585M net income
FY2021Financial
Revenue already above $1B
$2.86B in first reported year

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$11 536 today — price return only

$4.6B revenue in FY2025

Positive free cash flow 3 years in a row

7 739 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Strong cash conversion — FCF is 42.8% of revenue
Could repay net debt from ~0.5 years of free cash flow
Interest covered 9.4× by operating earnings

Watch-outs

Loss-making in 1 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

9 of 11 checks passed

Revenue growing — the company sells more than a year ago+1.0% YoY
Profitable — makes more than it spends$588M FY2025
Profit growing — earnings are higher than last year-46.8% YoY
Generates cash — cash left after running and investing$1.96B FY2025
Debt under control — could handle its obligations~0.5y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$18.3B market cap
Not printing shares — share count not ballooning — you keep your slice-0.0% shares over ~5y
Proven track record — years of profitability behind it4/5 profitable years
Financially stable — balance sheet not near distressAltman Z 2.6 — grey
Pays a dividend — returns cash to shareholdersyield 0.01%
Valuation not extreme — price not wildly above earningsP/E 22.3

Peer comparisonSociedad Quimica y Minera de Chile SA vs 6 largest basic materials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
SQM this company	$18.3B	22.3	+1.0%	12.9%	Strong
LIN Linde plc Ordinary Share	$223.2B	30.8	+6.6%	20.4%	Solid
SCCO Southern Copper Corporation	$176.8B	31.2	+32.8%	35.9%	Strong
NEM Newmont Corporation	$124.2B	14.4	+25.2%	33.4%	Strong
FCX Freeport-McMoran Inc.	$105.8B	35.9	+0.2%	11.4%	Strong
AEM Agnico Eagle Mines Ltd.	$95.8B	15.9	+43.7%	37.5%	Strong
B Barrick Mining Corporation	$67.5B	10.1	+9.2%	31.6%	Strong

Head-to-head: SQM vs LIN · SQM vs SCCO · SQM vs NEM

References

What covering analysts publish about the company — information only, not a recommendation.

Hold 3Sell 1Strong sell 3

Appendix · Financial records

The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $4.58B · net income $588M (FY2025)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (FY2025)

$4.58B

YoY 1.0%

Net income (FY2025)

$588M

Margin 12.9%

Gross margin

34.5%

Operating margin

29.1%

P/E ratio

22.3

Dividend yield

0.01%

Income statement — full detail

Figures in USD billions · EPS in USD

	2021	2022	2023	2024	2025
Revenue	2.9	10.7	7.5	4.5	4.6
Gross profit	1.1	5.7	3.1	1.3	1.4
Operating income (EBIT)	0.9	5.6	2.9	1.1	1.1
Net income	0.6	3.9	2.0	-0.4	0.6
EPS (diluted)	2.05	13.68	7.05	-1.42	2.06

Cash flowFree cash flow $1.96B · operating cash flow $2.77B (FY2025)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (FY2025)

$1.96B

Margin 42.8%

Operating cash flow (FY2025)

$2.77B

FY basis

FCF margin

42.8%

Cash flow statement — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Operating cash flow	4.1	-0.2	1.3	1.3	2.8
Capital expenditure	-0.9	-1.1	-1.0	-0.9	-0.8
Free cash flow	3.2	-1.3	0.3	0.4	2.0
FCF margin	110.9%	-12.0%	4.1%	9.7%	42.8%

Balance sheetAssets $16.6B · net debt $965M (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $16.6B of assets is financed

48%

52%

Liabilities $7.97B — borrowed moneyEquity $8.68B — owners' stake

Cash vs debt

Total debt $5.31B − cash $4.35B = net debt $965M

Cash on hand covers 82% of debt.

Altman Z-Score

2.59

Grey zone

Debt repayment

0.5 yrs

Years of free cash flow to clear net debt

Interest coverage

9.4x

EBIT ÷ interest expense

ROE

14.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Cash & equivalents	3.6	2.4	2.5	2.7	4.3
Total assets	10.8	11.7	11.5	14.5	16.6
Total liabilities	5.9	6.1	6.3	6.5	8.0
Total debt	3.0	4.5	4.8	4.8	5.3
Equity	4.9	5.6	5.2	8.1	8.7
Net debt	-0.6	2.2	2.4	2.0	1.0

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of SQM on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $63.91 · market cap $18.3B.