Sociedad Química y Minera de Chile S.A.

NYSE:SQM Stock Report

Market Cap: US$9.7b

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

4/6

Valuation Score 4/6

  • 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.

Discounted Cash Flow
Simply Wall St
US$43.09
Fair Value
22.6% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: SQM ($33.35) is trading below our estimate of fair value ($43.09)

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 Ratio15.8x
EarningsUS$602.68m
Market CapUS$9.71b

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 Average14x
EMN Eastman Chemical
9.9x4.75%US$9.2b
AXTA Axalta Coating Systems
14.7x10.46%US$6.6b
NEU NewMarket
12.9xn/aUS$6.3b
ESI Element Solutions
18.4x5.27%US$5.3b
SQM Sociedad Química y Minera de Chile
15.8x25.09%US$9.7b

Price-To-Earnings vs Peers: SQM is expensive based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (14x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VHI Valhi
3.8xn/aUS$447.62m
VNTR.F Venator Materials
0.8xn/aUS$157.14m
FFHL Fuwei Films (Holdings)
2.8xn/aUS$27.11m
GSPI Green Star Products
0.5xn/aUS$495.07k
SQM 15.8xIndustry Avg. 22.4xNo. of Companies8PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SQM is good value based on its Price-To-Earnings Ratio (15.8x) compared to the US Chemicals industry average (22.4x).

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 Ratio15.8x
Fair PE Ratio27.8x

Price-To-Earnings vs Fair Ratio: SQM is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (27.8x).

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$33.35
US$48.86
+46.50%
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$31.00n/a17
Nov ’25US$39.17
US$56.04
+43.08%
27.56%US$85.00US$32.00n/a17
Oct ’25US$41.42
US$56.69
+36.87%
26.73%US$85.00US$32.00n/a17
Sep ’25US$38.80
US$56.86
+46.55%
26.18%US$85.00US$35.00n/a17
Aug ’25US$36.63
US$60.98
+66.46%
26.67%US$95.00US$35.00n/a18
Jul ’25US$40.37
US$65.75
+62.87%
21.11%US$95.00US$45.00n/a16
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
Nov ’24US$47.47
US$82.22
+73.21%
22.22%US$136.00US$58.00US$39.1717
Oct ’24US$59.67
US$87.11
+45.98%
18.86%US$136.00US$62.80US$41.4217
Sep ’24US$63.20
US$87.24
+38.03%
19.40%US$136.00US$62.80US$38.8016
Aug ’24US$72.07
US$90.65
+25.78%
17.29%US$136.00US$67.90US$36.6316
Jul ’24US$72.62
US$92.85
+27.86%
21.09%US$136.00US$60.60US$40.3716
Jun ’24US$66.17
US$96.04
+45.13%
21.06%US$136.00US$60.60US$46.7017
AnalystConsensusTarget
Consensus Narrative from 16 Analysts
US$48.86
Fair Value
31.7% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/12 03:44
End of Day Share Price 2025/06/12 00:00
Earnings2025/03/31
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 39 analysts. 15 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
null nullBMO Capital Markets Equity Research
Joel JacksonBMO Capital Markets Equity Research