New Risk • Jun 04
New major risk - Revenue and earnings growth Earnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.9% average weekly change). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CL$421, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 12x in the Capital Markets industry in Chile. Total returns to shareholders of 148% over the past three years. New Risk • Mar 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chilean stocks, typically moving 5.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.8% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Revenue is less than US$1m. New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chilean stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change). Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CL$348, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 13x in the Capital Markets industry in Chile. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CL$250, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 11x in the Capital Markets industry in Chile. Total returns to shareholders of 48% over the past three years. Board Change • Nov 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Manuel De Valdés Olavarrieta was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Manuel De Valdés Olavarrieta was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 0.3% per year over the past 5 years. Revenue is less than US$1m. Board Change • Jul 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Manuel De Valdés Olavarrieta was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Manuel De Valdés Olavarrieta was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Apr 12
Potasios de Chile S.A., Annual General Meeting, Apr 25, 2025 Potasios de Chile S.A., Annual General Meeting, Apr 25, 2025. Location: avenida apoquindo 4 700 piso 16, comuna de las condes, santiago Chile Board Change • Mar 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Manuel De Valdés Olavarrieta was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Manuel De Valdés Olavarrieta was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Manuel De Valdés Olavarrieta was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CL$240, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 8x in the Capital Markets industry in Chile. Total returns to shareholders of 384% over the past three years. Upcoming Dividend • May 06
Upcoming dividend of US$0.018 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 23%. Within top quartile of Chilean dividend payers (11%). Higher than average of industry peers (19%). Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CL$285, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 6x in the Capital Markets industry in Chile. Total returns to shareholders of 404% over the past three years. Upcoming Dividend • May 11
Upcoming dividend of US$0.068 per share at 22% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 23 May 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 22%. Within top quartile of Chilean dividend payers (13%). Higher than average of industry peers (19%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Independent Director Manuel Díaz De Valdés Olavarrieta was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 34% share price gain to CL$150, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 7x in the Capital Markets industry in Chile. Total returns to shareholders of 98% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Independent Director Manuel Díaz De Valdés Olavarrieta was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 21% share price gain to CL$103, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 6x in the Capital Markets industry in Chile. Total returns to shareholders of 22% over the past three years. Is New 90 Day High Low • Mar 12
New 90-day low: CL$80.50 The company is down 9.0% from its price of CL$88.08 on 11 December 2020. The Chilean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CL$83.90 The company is down 5.0% from its price of CL$88.08 on 09 October 2020. The Chilean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 1.0% over the same period. 
