# Sociedad Quimica y Minera de Chile SA (SQM) — Stock CV

Sociedad Quimica y Minera de Chile SA 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.

> 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.

## Identity

- **Ticker**: SQM
- **Sector**: Basic Materials
- **Employees**: 7 739
- **Website**: https://www.sqm.com
- **Market cap**: $18.3B
- **Last price**: $63.91
- **Financial profile**: Strong

## Vitals (FY2025)

- **Revenue**: $4.58B
- **Net income**: $588M
- **Free cash flow**: $1.96B
- **Net debt**: $965M
- **P/E**: 22.3
- **Revenue growth (YoY)**: 1.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 77 |
| Growth | 32 |
| Profitability | 62 |
| Health | 81 |
| Quality | 77 |
| Moat | 44 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +1.0% YoY
- [x] Profitable — $588M FY2025
- [ ] Profit growing — -46.8% YoY
- [x] Generates cash — $1.96B FY2025
- [x] Debt under control — ~0.5y of cash flow to repay
- [x] Established company — $18.3B market cap
- [x] Not printing shares — -0.0% shares over ~5y
- [ ] Proven track record — 4/5 profitable years
- [x] Financially stable — Altman Z 2.6 — grey
- [x] Pays a dividend — yield 0.01%
- [x] Valuation not extreme — P/E 22.3

## Experience (career milestones)

- **FY2022** — Revenue crossed $10B: $10.7B for the year
- **FY2022** — Best year on record: $3.91B net income
- **FY2021** — First recorded profitable year: $585M net income
- **FY2021** — Revenue already above $1B: $2.86B in first reported year

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.86B | $585M | $3.17B |
| FY2022 | $10.7B | $3.91B | -$1.28B |
| FY2023 | $7.47B | $2.01B | $303M |
| FY2024 | $4.53B | -$404M | $438M |
| FY2025 | $4.58B | $588M | $1.96B |

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Source: https://stockcv.com/SQM — derived from company filings; may be delayed or incomplete. Information, not investment advice.