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Sociedad Química y Minera de Chile S.A.

Sociedad Química y Minera de Chile S.A.

NYSE•SQM
CEO: Mr. Ricardo Ramos Rodríguez
Sector: Basic Materials
Industry: Chemicals - Specialty
Listing Date: 1993-09-21
Sociedad Química y Minera de Chile S.A. operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders. In addition, the company produces lithium carbonate and lithium hydroxide which are used in the production of cathode material for secondary batteries; lithium chloride; and basic lithium chemicals and lithium derivatives used in lubricating greases for heat-resistant glass, chips for the ceramic and glazing industry, and air conditioning chemicals, as well as other pharmaceutical syntheses and metal alloys. Further, it produces potassium sulfate; and potassium chloride which is used as a fertilizer for the application of potassium to different crops. Additionally, the company produces and markets industrial chemicals, such as sodium nitrate mainly used in the production of glass and explosives, metal processing and recycling, and production of insulating materials and adhesives; potassium nitrate used as a raw material to produce frits and special glass, as well as in the enamel, metal treatment, and pyrotechnic sectors; solar salts used as a thermal storage medium in solar power generation plants; and potassium chloride as an additive in oil drilling and food processing sectors. Furthermore, it is involved in the commercialization of third-party fertilizers; and exploration of copper, gold, and silver deposits. The company was founded in 1926 and is headquartered in Santiago, Chile.
Contact Information
El Trovador 4285, 6th Floor Las Condes, Santiago, Chile
56-22-425-2000
www.sqm.com
Market Cap
$19.34B
P/E (TTM)
40.1
18.9
Dividend Yield
--
52W High
$69.64
52W Low
$29.36
52W Range
95%
Rank44Top 40.4%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.17B+8.93%
4-Quarter Trend

EPS

$0.62+34.78%
4-Quarter Trend

FCF

$187.86M+301.36%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Total Revenue Significantly Decreased Total revenues fell 39.4% to US$4.53B in 2024 from US$7.47B in 2023, driven by lower realized prices across key products.
Lithium Revenue Hit Hard Lithium derivatives revenue dropped 56.7% to US$2.24B; average realized price fell over 64% compared to the prior year period.
Iodine and SPN Revenue Growth Iodine revenue increased 8.5% to US$968.3M due to 11% volume growth; Specialty Plant Nutrition revenue grew 3% to US$941.9M.
Cash Position Remains Robust Cash and cash equivalents increased to US$1.38B as of December 31, 2024, up from US$1.04B at the end of 2023.

Risk Factors

Salar Concession Expiry Operations heavily dependent on Salar de Atacama rights expiring December 2030; future continuity relies on Codelco association agreement.
Lithium Price Volatility Impact Extreme volatility in world lithium prices severely impacted 2024 financial results, causing over 64% average price decline.
Chilean Regulatory Uncertainty Ongoing uncertainty due to National Lithium Strategy, potential changes in water rights, and evolving Chilean governmental policies.
Tax Litigation Exposure Pending Chilean tax claims regarding specific lithium mining tax carry material financial risk, reflected by US$1.11B expense in 2023.

Outlook

Major CAPEX Planned Investment plan targets US$3.1B to US$3.8B range for the 2025-2027 period, focusing on capacity expansion and maintenance.
Lithium Capacity Expansion Lithium carbonate capacity targeted to reach 240,000 MT/year by 2026/2027; hydroxide capacity aims for 100,000 MT/year by end of 2025.
Finalize Codelco Deal Materialization of Codelco association agreement for post-2030 Salar operations remains subject to fulfillment of conditions precedent.
Australia Lithium Project Kwinana lithium hydroxide refinery construction underway, expected completion during the first half of 2025.

Peer Comparison

Revenue (TTM)

LyondellBasell Industries N.V.LYB
$32.56B
-16.8%
CEMEX, S.A.B. de C.V.CX
$15.83B
-6.5%
Reliance, Inc.RS
$13.92B
-0.9%

Gross Margin (Latest Quarter)

Royal Gold, Inc.RGLD
73.5%
-12.3pp
RPM International Inc.RPM
42.3%
-0.2pp
Harmony Gold Mining Company LimitedHMY
40.1%
+14.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SQM$19.34B40.19.2%40.2%
PAAS$18.35B34.710.9%11.2%
CX$16.77B11.211.9%10.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.0%
Moderate Growth
4Q Net Income CAGR
14.1%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Mar 3, 2026
|
EPS:$0.72
|
Revenue:-
Reports
All Years
  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 24, 2025|
    Revenue: $4.53B-39.4%
    |
    EPS: $-1.42-120.1%
    Miss
  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 30, 2024|
    Revenue: $7.47B-30.3%
    |
    EPS: $7.05-48.5%
    Beat
  • Form 20-F/A - FY 2022

    Period End: Dec 31, 2022|Filed: Jul 28, 2023|
    Revenue: $10.71B+274.2%
    |
    EPS: $13.68+567.3%
    Meet
  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 26, 2023|Refer to amended data
  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 26, 2022|
    Revenue: $2.86B+57.5%
    |
    EPS: $2.05+230.6%
    Beat
  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Mar 16, 2021|
    Revenue: $1.82B-6.5%
    |
    EPS: $0.62-40.4%
    Miss