Financials Sociedad Química y Minera de Chile S.A. Berne S.E.

Equities

QYM

US8336351056

Specialty Chemicals

Delayed Berne S.E. Other stock markets 12:00:03 2024-04-09 pm EDT			5-day change	1st Jan Change
46 ^CHF	+0.79%		-37.46%	-47.96%

May. 31	Top Midday Stories: SQM, Codelco to Mine Lithium; Moderna Gets Approval for RSV Vaccine; Tesla Recalls Over 100,000 Cars; Icahn Amasses Stake in Caesars	MT
May. 31	Codelco Signs Deal With SQM, Enters Lithium Market	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,025	12,920	14,405	22,805	17,201	12,117	-	-
Enterprise Value (EV) ¹	7,748	12,094	15,529	22,805	16,235	15,067	14,926	14,926
P/E ratio	25.2 x	77.9 x	24.6 x	5.84 x	8.54 x	9.18 x	6.61 x	4.92 x
Yield	4.57%	1.65%	2.57%	-	-	6.07%	8%	11.4%
Capitalization / Revenue	3.61 x	7.11 x	5.03 x	2.13 x	2.3 x	2.3 x	1.86 x	1.67 x
EV / Revenue	3.99 x	6.66 x	5.43 x	2.13 x	2.17 x	2.87 x	2.3 x	2.06 x
EV / EBITDA	12 x	20.9 x	13.1 x	3.91 x	5.11 x	6.96 x	5.1 x	4.22 x
EV / FCF	73.3 x	-714 x	43.4 x	7.19 x	-12.7 x	15.6 x	12.5 x	8.45 x
FCF Yield	1.36%	-0.14%	2.3%	13.9%	-7.9%	6.39%	8%	11.8%
Price to Book	3.37 x	6.09 x	4.53 x	4.66 x	3.11 x	2.37 x	2.1 x	1.34 x
Nbr of stocks (in thousands)	263,197	263,197	285,638	285,638	285,638	285,638	-	-
Reference price ²	26.69	49.09	50.43	79.84	60.22	42.42	42.42	42.42
Announcement Date	3/3/20	3/4/21	3/3/22	3/3/23	2/28/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,944	1,817	2,862	10,711	7,468	5,259	6,499	7,241
EBITDA ¹	645.1	579.8	1,186	5,838	3,180	2,164	2,926	3,535
EBIT ¹	442.9	375.9	971.3	5,242	2,899	1,887	2,668	3,194
Operating Margin	22.79%	20.68%	33.93%	48.94%	38.83%	35.88%	41.05%	44.1%
Earnings before Tax (EBT) ¹	390.6	238.5	841.2	5,486	2,807	1,840	2,483	3,173
Net income ¹	278.1	164.5	585.5	3,906	2,013	1,216	1,834	2,259
Net margin	14.31%	9.05%	20.46%	36.47%	26.95%	23.12%	28.22%	31.19%
EPS ²	1.060	0.6300	2.050	13.68	7.050	4.621	6.417	8.623
Free Cash Flow ¹	105.6	-16.95	357.8	3,172	-1,282	963.1	1,194	1,766
FCF margin	5.44%	-0.93%	12.5%	29.62%	-17.17%	18.31%	18.37%	24.39%
FCF Conversion (EBITDA)	16.38%	-	30.18%	54.34%	-	44.51%	40.81%	49.97%
FCF Conversion (Net income)	37.99%	-	61.11%	81.21%	-	79.22%	65.09%	78.2%
Dividend per Share ²	1.220	0.8100	1.299	-	-	2.577	3.392	4.819
Announcement Date	3/3/20	3/4/21	3/3/22	3/3/23	2/28/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	1,084	2,020	2,599	2,958	3,134	2,264	2,052	1,840	1,312	1,084	1,237	1,292	1,436	1,605	1,789
EBITDA ¹	559.5	1,186	1,324	1,660	1,667	1,088	876.5	788.2	427.6	403.6	468.5	513.5	619.7	679.9	719.5
EBIT ¹	507.8	1,131	1,264	1,597	1,540	1,024	809.9	713.5	351.7	330.2	426.4	488.6	504.9	601.3	635.7
Operating Margin	46.83%	56.01%	48.63%	53.99%	49.13%	45.24%	39.47%	38.77%	26.81%	30.45%	34.46%	37.81%	35.16%	37.46%	35.53%
Earnings before Tax (EBT) ¹	466.1	1,111	1,216	1,554	1,605	1,033	802.1	697.6	273.8	300.2	339.6	456.2	495.6	579	605
Net income ¹	321.6	796.1	859.3	1,100	1,151	749.9	580.3	479.3	203.2	-869.5	282	315	385.5	411.1	419
Net margin	29.66%	39.42%	33.07%	37.18%	36.73%	33.12%	28.28%	26.04%	15.49%	-80.18%	22.79%	24.38%	26.85%	25.61%	23.42%
EPS ²	1.130	2.790	3.008	3.850	4.030	2.630	2.030	1.670	0.7100	-3.040	0.9829	1.108	1.430	1.468	1.659
Dividend per Share ²	0.1938	-	1.849	-	-	-	-	-	-	-	0.2134	-	-	-	-
Announcement Date	3/3/22	5/19/22	8/17/22	11/17/22	3/3/23	5/18/23	8/17/23	11/16/23	2/28/24	5/23/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	724	-	1,124	-	-	2,950	2,810	2,810
Net Cash position ¹	-	826	-	-	966	-	-	-
Leverage (Debt/EBITDA)	1.122 x	-	0.9481 x	-	-	1.363 x	0.9603 x	0.7948 x
Free Cash Flow ¹	106	-16.9	358	3,172	-1,282	963	1,194	1,767
ROE (net income / shareholders' equity)	13.3%	7.82%	22.1%	96.7%	38.6%	20.9%	29%	32.6%
ROA (Net income/ Total Assets)	6.21%	3.46%	9.87%	43.4%	17.9%	8.74%	14.1%	20.5%
Assets ¹	4,476	4,751	5,932	9,000	11,262	13,916	12,968	11,006
Book Value Per Share ²	7.930	8.070	11.10	17.10	19.40	17.90	20.20	31.70
Cash Flow per Share ²	1.620	0.6900	2.880	14.30	-0.6200	6.070	6.680	10.50
Capex ¹	321	322	465	905	1,104	1,362	1,065	806
Capex / Sales	16.53%	17.73%	16.24%	8.45%	14.78%	25.9%	16.38%	11.13%
Announcement Date	3/3/20	3/4/21	3/3/22	3/3/23	2/28/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Sociedad Química y Minera de Chile S.A.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

42.42 USD

Average target price

65.75 USD

Spread / Average Target

+55.00%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Specialty Chemicals

	1st Jan change	Capi.
ECOLAB INC.	+21.02%	68.55B
SIKA AG	-6.50%	46.06B
GIVAUDAN SA	+23.31%	44.48B
FUJIFILM HOLDINGS CORPORATION	+31.85%	28.5B
EMS-CHEMIE HOLDING AG	+7.56%	19.22B
SYMRISE AG	+12.81%	16.8B
POSCO FUTURE M CO., LTD.	-23.96%	15.27B
CELANESE CORPORATION	-10.29%	15.22B
ALBEMARLE CORPORATION	-28.36%	12.17B

Other Specialty Chemicals