A Business at a Glance
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CHEMICAL & MINING CO OF CHILE INC
SQM
$9.8B
Mkt Cap
$68.73
-0.85%
CHEMICAL & MINING CO OF CHILE INC (SQM) has a current P/E ratio of 28.7, compared to its historical median P/E of 18.1. The stock is currently considered Fair based on its historical valuation range.
CHEMICAL & MINING CO OF CHILE INC (SQM) has a 5-year average return on invested capital (ROIC) of 38.0%. This indicates strong capital allocation and a potential competitive advantage.
CHEMICAL & MINING CO OF CHILE INC (SQM) has a market capitalization of $9.8B. It is classified as a mid-cap stock.
Yes, CHEMICAL & MINING CO OF CHILE INC (SQM) pays a dividend with a trailing twelve-month yield of 0.68%.
Based on historical P/E analysis, CHEMICAL & MINING CO OF CHILE INC (SQM) appears fair. The current P/E of 28.7 is 58% above its historical median of 18.1. The estimated fair value CAGR (P/E method) is 20.0%.
CHEMICAL & MINING CO OF CHILE INC (SQM) operates in the Mining & Quarrying Of Nonmetallic Minerals (No Fuels) industry, within the Materials sector.
Table of Contents SUMMARY OF RISK FACTORS •Our inability to extend on favorable terms our access to the mineral exploitation rights relating to the Salar de Atacama concession, upon which our business is substantially dependent, beyond the expiration date of our current agreements in December 2030 through the formation of the association agreement with Codelco could have a material adverse effect on our business, financial condition and results of operations. •Volatility of world lithium, fertilizer and other chemical prices and changes in production capacities could affect our business, financial condition and results of operations. •Our sales could be impacted by global shipping constraints. •Our sales to emerging markets and expansion strategy expose us to risks related to economic conditions and trends in those countries. •Our inventory levels may vary for economic or operational reasons.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 4.5B | 4.5B | 7.5B | 10.7B | 2.9B | 1.8B |
| Net Income | 692M | 692M | 930M | 3.9B | 592M | 168M |
| EPS | $2.40 | $2.40 | $3.23 | $13.68 | $2.10 | $0.63 |
| Free Cash Flow | 303M | 303M | -1.3B | 3.2B | 358M | -140M |
| ROIC | 22.6% | 23.8% | 34.0% | 81.0% | 38.8% | 12.3% |
| Gross Margin | 29.3% | 29.3% | 41.2% | 53.6% | 38.1% | 26.6% |
| Debt/Equity | 0.00 | 1.21 | 1.41 | 1.19 | 1.23 | 1.23 |
| Dividends/Share | $0.47 | $0.47 | $10.30 | $15.67 | $2.03 | $0.59 |
| Operating Income | 1.2B | 1.2B | 2.9B | 5.6B | 924M | 303M |
| Operating Margin | 26.8% | 26.8% | 39.2% | 52.2% | 32.3% | 16.6% |
| ROE | 13.3% | 14.3% | 19.8% | 96.1% | 22.0% | 7.8% |
| Shares Outstanding | 143M | 143M | 143M | 143M | 281M | 269M |
| Metric | 2015 | 2016 | TTM | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1.7B | 1.9B | 2.2B | 2.3B | 1.9B | 1.8B | 2.9B | 10.7B | 7.5B | 4.5B | 4.5B |
| Gross Margin | 31.4% | 31.5% | 35.3% | 34.4% | 28.8% | 26.6% | 38.1% | 53.6% | 41.2% | 29.3% | 29.3% |
| R&D | N/A | N/A | N/A | 0 | 0 | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 369M | 449M | 618M | 667M | 434M | 303M | 924M | 5.6B | 2.9B | 1.2B | 1.2B |
| Op. Margin | 21.3% | 23.1% | 28.6% | 29.4% | 22.3% | 16.6% | 32.3% | 52.2% | 39.2% | 26.8% | 26.8% |
| Net Income | 225M | 282M | 428M | 442M | 281M | 168M | 592M | 3.9B | 930M | 692M | 692M |
| Net Margin | 13.0% | 14.5% | 19.9% | 19.5% | 14.4% | 9.3% | 20.7% | 36.5% | 12.5% | 15.3% | 15.3% |
| Non-Recurring | 0 | 815K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||
| ROIC | 14.1% | 23.1% | 38.3% | 26.2% | 19.9% | 12.3% | 38.8% | 81.0% | 34.0% | 23.8% | 22.6% |
| ROE | 9.6% | 12.0% | 18.8% | 20.2% | 13.1% | 7.8% | 22.0% | 96.1% | 19.8% | 14.3% | 13.3% |
| ROA | 9.7% | 6.4% | 10.1% | 10.3% | 6.3% | 3.5% | 8.2% | 36.2% | 8.6% | 6.2% | 6.0% |
| Cash Flow | |||||||||||
| Op. Cash Flow | 427M | 634M | 758M | 525M | 427M | 182M | 823M | 4.1B | -197M | 1.3B | 1.3B |
| Free Cash Flow | 316M | 502M | 616M | 280M | 106M | -140M | 358M | 3.2B | -1.3B | 303M | 303M |
| Owner Earnings | 156M | 384M | 518M | 304M | 226M | -22M | 823M | 4.1B | -197M | 1.3B | 1.3B |
| CapEx | 111M | 131M | 142M | 245M | 321M | 322M | 465M | 905M | 1.1B | 972M | 972M |
| Maint. CapEx | 272M | 250M | 241M | 221M | 201M | 204M | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | 0 | 0 | 0 | 24M | 120M | 118M | N/A | N/A | N/A | N/A | 972M |
| D&A | 272M | 250M | 241M | 221M | 201M | 204M | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | 26.0% | 20.7% | 18.7% | 46.6% | 75.3% | 176.8% | 56.5% | 22.2% | N/A | 76.2% | 76.2% |
| Capital Allocation | |||||||||||
| Dividends Paid | 110M | 378M | 483M | 550M | 285M | 159M | 572M | 2.2B | 1.5B | 67M | 67M |
| Dividend Yield | 3.4% | 9.0% | 6.1% | 5.7% | 6.8% | 2.4% | 4.7% | 21.2% | 15.6% | 1.1% | 0.7% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 190M | 517M | 181M | 213M | 7.1M | 264M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||
| Net Debt | N/A | -2.1B | -591M | -753M | -846M | N/A | N/A | N/A | N/A | N/A | -1.4B |
| Cash & Equiv. | 527M | 515M | 630M | 556M | 589M | 247M | 1.5B | 2.7B | 1.0B | 1.4B | 1.4B |
| Long-Term Debt | N/A | -1.1B | 0 | 69M | 69M | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.93 | -0.53 | 0.15 | 0.03 | 0.03 | 1.23 | 1.23 | 1.19 | 1.41 | 1.21 | 0.00 |
| Interest Coverage | 5.3 | 7.8 | 7.5 | 11.5 | 5.6 | 3.7 | 11.2 | 51.0 | 24.2 | 5.0 | 5.0 |
| Equity | 2.4B | 2.3B | 2.2B | 2.1B | 2.1B | 2.2B | 3.2B | 4.9B | 4.5B | 5.2B | 5.2B |
| Total Assets | 4.6B | 4.2B | 4.3B | 4.3B | 4.7B | 4.8B | 7.2B | 10.8B | 10.8B | 11.5B | 11.5B |
| Total Liabilities | 2.2B | 1.9B | 2.0B | 2.1B | 2.5B | 2.7B | 4.0B | 5.9B | 6.3B | 6.3B | 6.3B |
| Intangibles | 38M | 38M | 38M | 35M | 35M | 42M | 35M | 967K | 958K | 948K | 948K |
| Retained Earnings | N/A | 1.8B | 1.7B | 1.6B | 1.6B | 1.6B | N/A | N/A | 2.7B | 3.6B | 3.6B |
| Working Capital | N/A | -428M | 1.7B | 1.8B | 1.9B | 2.1B | N/A | N/A | 5.7B | 5.5B | 5.5B |
| Current Assets | N/A | 153M | 2.5B | 2.4B | 2.7B | 2.6B | N/A | N/A | 5.9B | 5.6B | 5.6B |
| Current Liabilities | N/A | 580M | 748M | 556M | 777M | 476M | N/A | N/A | 184M | 80M | 80M |
| Per Share Data | |||||||||||
| EPS | 0.84 | 1.06 | 1.63 | 1.67 | 1.67 | 0.63 | 2.10 | 13.68 | 3.23 | 2.40 | 2.40 |
| Owner EPS | 0.58 | 1.44 | 1.96 | 1.15 | 1.34 | -0.08 | 2.92 | 28.55 | -1.38 | 8.93 | 8.93 |
| Book Value | 8.98 | 8.65 | 8.52 | 8.08 | 12.71 | 8.03 | 11.43 | 34.53 | 31.35 | 36.40 | 36.40 |
| Cash Flow/Share | 1.60 | 2.38 | 2.88 | 1.98 | 2.54 | 0.68 | 2.92 | 28.55 | -1.38 | 8.93 | 4.84 |
| Dividends/Share | 0.41 | 1.42 | 1.83 | 2.08 | 1.70 | 0.59 | 2.03 | 15.67 | 10.30 | 0.47 | 0.47 |
| Shares Out. | 267.3M | 266.6M | 263.6M | 264.5M | 167.9M | 269.3M | 281.4M | 142.8M | 142.8M | 142.8M | 142.8M |
| Valuation | |||||||||||
| P/E Ratio | 14.7 | 18.8 | 26.5 | 17.3 | 12.7 | 64.2 | 20.1 | 5.2 | 19.1 | 15.6 | 28.7 |
| P/FCF | 10.4 | 10.6 | 18.4 | 27.4 | 33.8 | N/A | 33.2 | 3.2 | N/A | 17.6 | 32.4 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.9 |
| Price/Book | 1.4 | 2.3 | 5.0 | 3.6 | 1.7 | 5.0 | 3.7 | 2.0 | 2.0 | 1.0 | 1.9 |
| Price/Sales | 1.8 | 2.2 | 3.7 | 4.2 | 2.1 | 3.7 | 4.3 | 1.0 | 1.3 | 1.3 | 2.2 |
| FCF Yield | 9.6% | 9.5% | 5.4% | 3.7% | 3.0% | -1.3% | 3.0% | 31.5% | -14.8% | 5.7% | 3.1% |
| Market Cap | 3.3B | 5.3B | 11.3B | 7.7B | 3.6B | 10.8B | 11.9B | 10.1B | 8.8B | 5.3B | 9.8B |
| Avg. Price | 11.96 | 15.82 | 30.26 | 36.33 | 24.84 | 24.86 | 43.47 | 73.96 | 65.99 | 42.63 | 68.73 |
| Year-End Price | 12.35 | 19.91 | 43.01 | 28.99 | 21.28 | 40.10 | 42.28 | 70.50 | 61.63 | 37.34 | 68.73 |
CHEMICAL & MINING CO OF CHILE INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
CHEMICAL & MINING CO OF CHILE INC trades at 28.7x trailing earnings, compared to its 15-year median P/E of 18.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 32.4x vs a median of 18.0x. The company's 5-year average ROIC is 38.0% with a gross margin of 37.7%. Total shareholder yield (dividends) is 0.7%. At current prices, the estimated annualized return to fair value is +36.0%.
CHEMICAL & MINING CO OF CHILE INC (SQM) reported annual revenue of $4.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
CHEMICAL & MINING CO OF CHILE INC (SQM) has a net profit margin of 15.3%. This is a healthy margin.
CHEMICAL & MINING CO OF CHILE INC (SQM) generated $303 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CHEMICAL & MINING CO OF CHILE INC (SQM) has a debt-to-equity ratio of 1.21. This indicates moderate leverage.
CHEMICAL & MINING CO OF CHILE INC (SQM) reported earnings per share (EPS) of $2.40 in its most recent fiscal year.
CHEMICAL & MINING CO OF CHILE INC (SQM) has a return on equity (ROE) of 14.3%. This indicates moderate shareholder returns.
CHEMICAL & MINING CO OF CHILE INC (SQM) has a 5-year average gross margin of 37.7%. This indicates decent pricing power.
The Ledger Terminal provides 10 years of financial data for CHEMICAL & MINING CO OF CHILE INC (SQM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CHEMICAL & MINING CO OF CHILE INC (SQM) has a book value per share of $36.40, based on its most recent annual SEC filing.
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