Sociedad Química y Minera de Chile S.A.

NYSE:SQM Stock Report

Market Cap: US$19.6b

Sociedad Química y Minera de Chile Valuation

Is SQM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SQM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SQM ($70.22) is trading below our estimate of fair value ($104.58)

Significantly Below Fair Value: SQM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SQM?

Key metric: As SQM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SQM. This is calculated by dividing SQM's market cap by their current earnings.
What is SQM's PE Ratio?
PE Ratio38.2x
EarningsUS$524.50m
Market CapUS$19.64b

Price to Earnings Ratio vs Peers

How does SQM's PE Ratio compare to its peers?

The above table shows the PE ratio for SQM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18x
PPG PPG Industries
18.3x9.58%US$23.0b
DD DuPont de Nemours
23.9x13.55%US$17.3b
RPM RPM International
19.7x7.99%US$13.5b
EMN Eastman Chemical
10.3x12.05%US$7.2b
SQM Sociedad Química y Minera de Chile
38.2x30.64%US$19.6b

Price-To-Earnings vs Peers: SQM is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the peer average (18x).

Price to Earnings Ratio vs Industry

How does SQM's PE Ratio compare vs other companies in the US Chemicals Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FFHL Fuwei Films (Holdings)
2.8xn/aUS$27.11m
TANH Tantech Holdings
1.2xn/aUS$6.63m
No more companies available in this PE range
SQM 38.2xIndustry Avg. 23.9xNo. of Companies6PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SQM is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the US Chemicals industry average (23.9x).

Price to Earnings Ratio vs Fair Ratio

What is SQM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SQM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.2x
Fair PE Ratio29.7x

Price-To-Earnings vs Fair Ratio: SQM is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the estimated Fair Price-To-Earnings Ratio (29.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SQM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$70.22
US$66.69
-5.03%
20.55%US$80.00US$37.00n/a16
Dec ’26US$63.93
US$58.44
-8.59%
24.02%US$80.00US$37.00n/a16
Nov ’26US$48.99
US$52.03
+6.21%
20.74%US$78.00US$37.00n/a16
Oct ’26US$43.51
US$51.12
+17.48%
22.21%US$78.00US$37.00n/a16
Sep ’26US$45.51
US$50.72
+11.46%
23.11%US$78.00US$37.00n/a15
Aug ’26US$35.80
US$48.61
+35.78%
24.40%US$78.00US$35.00n/a16
Jul ’26US$35.21
US$48.86
+38.77%
24.09%US$78.00US$36.50n/a16
Jun ’26US$30.43
US$49.17
+61.59%
23.53%US$78.00US$36.50n/a16
May ’26US$33.96
US$52.65
+55.04%
25.00%US$80.00US$35.00n/a17
Apr ’26US$40.05
US$52.89
+32.05%
25.29%US$80.00US$35.00n/a17
Mar ’26US$38.37
US$53.57
+39.61%
26.50%US$85.00US$35.00n/a17
Feb ’26US$39.54
US$54.22
+37.13%
26.61%US$85.00US$29.00n/a17
Jan ’26US$36.36
US$54.21
+49.11%
26.30%US$85.00US$31.00n/a17
Dec ’25US$38.46
US$55.28
+43.73%
27.96%US$85.00US$31.00US$63.9317
Nov ’25US$39.17
US$56.04
+43.08%
27.56%US$85.00US$32.00US$48.9917
Oct ’25US$41.42
US$56.69
+36.87%
26.73%US$85.00US$32.00US$43.5117
Sep ’25US$38.80
US$56.86
+46.55%
26.18%US$85.00US$35.00US$45.5117
Aug ’25US$36.63
US$60.98
+66.46%
26.67%US$95.00US$35.00US$35.8018
Jul ’25US$40.37
US$65.75
+62.87%
21.11%US$95.00US$45.00US$35.2116
Jun ’25US$46.70
US$66.81
+43.07%
21.88%US$95.00US$45.00US$30.4316
May ’25US$45.83
US$67.10
+46.41%
22.05%US$95.00US$42.00US$33.9617
Apr ’25US$48.99
US$68.55
+39.93%
21.53%US$95.00US$46.00US$40.0518
Mar ’25US$51.43
US$68.69
+33.56%
23.44%US$95.00US$46.00US$38.3717
Feb ’25US$42.16
US$72.21
+71.27%
20.75%US$95.00US$46.00US$39.5418
Jan ’25US$60.22
US$75.27
+24.99%
17.37%US$95.00US$52.00US$36.3617
Dec ’24US$54.00
US$80.34
+48.78%
24.24%US$136.00US$52.00US$38.4617
US$66.69
Fair Value
5.3% overvalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/22 00:28
End of Day Share Price 2025/12/22 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sociedad Química y Minera de Chile S.A. is covered by 31 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andres Castanos-MollorBerenberg
Joel JacksonBMO Capital Markets Equity Research
null nullBMO Capital Markets Equity Research