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Sociedad Química y Minera de Chile S.A (SQM-B) Fair Value & Analysis

Basic Materials · CL · Market cap 18.7T CLP (≈ $20.6B) · ISIN CLP8716X1082

SQ Sociedad Química y Minera de Chile S.A SQM-B · SN
Price74,050 CLP
Fair Value26,509 CLP
Upside-64.2%
Quality58/100
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Strengths

Solidly profitable · 15.4% net margin
Moderate debt · generates free cash flow
Wide moat 70/100

Risks

!Trades 179% ABOVE our fair value of 26,509 CLP
!Weak Growth (revenue 5y +20.3 %/yr)
!Mixed vs. peers (8/14)
!Evidence only medium, so the estimate is less certain
Weak Growth (revenue 5y +20.3 %/yr)
Solidly profitable · 15.4% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (8/14)
Wide moat 70/100
Evidence: Medium Range 15,884 CLP – 40,295 CLP Share as image

Fair value as of: Aug 27, 2026

From 25 valuation models · updated today

Fair value updated Aug 27, 2026, revised from 28.78 CLP to 26,509 CLP (+92,007.4%) since Aug 13, 2026. Share price +18.5% over the past month.

A solid business, but trading 179% above our fair value.

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69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (40,295 CLP). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (15,884 CLP to 40,295 CLP) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

89,973 CLP 24,576 CLP Fair Value 26,509 CLP May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range 24,576 CLP – 89,973 CLP · fair‑value band 15,884 CLP – 40,295 CLP · the 74,050 CLP price screens above the 26,509 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Sociedad Química y Minera de Chile S.A (SQM-B) currently trades at 74,050 CLP, while our model-based Fair Value estimate is 26,509 CLP, implying the stock looks roughly 64.2% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Sociedad Química y Minera de Chile S.A generated revenue of 5.3B CLP at a net margin of 15.4%. Revenue grew 69.8% year over year. It earns a return on equity of 13.4%. Net debt stands at 2.9B CLP. Fundamentals as of Aug 27, 2026

Our scenario range runs from 15,884 CLP (bear case) to 40,295 CLP (bull case); at 74,050 CLP, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 172% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -64%, SQM-B screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 10,287 CLP 24,820 CLP 51,362 CLP 80
Residual Income 14,789 CLP 16,916 CLP 35,008 CLP 76
Rev-Margin DCF 7,846 CLP 19,093 CLP 33,808 CLP 74
All 25 models by family
DCF Models
FCF DCF 10,420 CLP 26,161 CLP 55,301 CLP 38
5Y Revenue Exit 7,846 CLP 19,399 CLP 35,190 CLP 39
5Y EBITDA Exit 16,660 CLP 37,797 CLP 64,777 CLP 41
5Y P/E Exit 12,257 CLP 28,602 CLP 47,538 CLP 38
10Y Revenue Exit 8,053 CLP 19,557 CLP 37,441 CLP 36
10Y EBITDA Exit 14,566 CLP 33,452 CLP 63,097 CLP 37
10Y P/E Exit 11,562 CLP 26,509 CLP 48,151 CLP 35
Earnings-Based
Graham-Dodd 11,587 CLP 56,021 CLP 77,150 CLP 54
Lynch FV 14,980 CLP 21,402 CLP 27,824 CLP 50
PEG = 1.0 14,980 CLP 21,402 CLP 27,824 CLP 46
EPV 8,342 CLP 11,073 CLP 13,507 CLP 59
Dividend Discount
Gordon GGM 115.87 CLP 256.56 CLP 438.64 CLP 70
DDM Multi-Stage 115.87 CLP 215.18 CLP 273.11 CLP 61
Multiples
P/E Multiple 21,725 CLP 28,967 CLP 36,208 CLP 63
P/S Multiple 14,914 CLP 19,888 CLP 24,862 CLP 58
P/B Multiple 21,725 CLP 28,967 CLP 36,208 CLP 55
EV/EBIT 25,383 CLP 36,233 CLP 47,083 CLP 53
EV/EBITDA 21,377 CLP 30,895 CLP 40,404 CLP 54
EV/Revenue 6,770 CLP 12,737 CLP 18,704 CLP 43
Asset-Based
NCAV (Graham) 8,243 CLP 11,049 CLP 16,486 CLP 50
Growth DCF
Growth DCF 10,287 CLP 24,820 CLP 51,362 CLP 80
Rev-Margin DCF 7,846 CLP 19,093 CLP 33,808 CLP 74
Economic Profit
Residual Income 14,789 CLP 16,916 CLP 35,008 CLP 76
ROIC Compounder 8,342 CLP 11,073 CLP 13,507 CLP 72
Growth Earnings
Growth-Adj P/E 20,939 CLP 29,910 CLP 38,881 CLP 68

Widest divergence: Growth Earnings (29,910 CLP) versus Dividend Discount (215.18 CLP). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 29.8 as of May 30, 2026
P/S ratio 3.83 P/E × margin
EPS (TTM) 2,555 CLP price ÷ EPS = P/E 29.8
Net margin 12.9% FY2025
Return on equity 13.4% TTM
Return on assets (EBIT) 21.1% avg 5y
More key figures
Profitability
Operating margin 41.1% TTM
Growth
Revenue (TTM) 5.3B CLP TTM
Revenue growth (YoY) +69.8% 3y avg -24.7%
EPS growth (YoY) +165%
Balance sheet & cash flow
Free cash flow 438M CLP FY2025
Net debt 2.9B CLP FY2025 · ≈ 6.6 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 67

Profitability 34
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Sociedad Química y Minera de Chile S.A. produces and sells specialty plant nutrients, and iodine and its derivatives in Chile, Latin America, the Caribbean, Europe, North America, Asia, and internationally.

Full company description

Sociedad Química y Minera de Chile S.A. produces and sells specialty plant nutrients, and iodine and its derivatives in Chile, Latin America, the Caribbean, Europe, North America, Asia, and internationally. It offers potassium nitrate, sodium nitrate, specialty blends, and other specialty fertilizers under the Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, Prop, and Prohydric brands. The company also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders. In addition, it produces lithium carbonate and lithium hydroxide which are used in the production of cathode material for, secondary batteries; lithium chloride; and basic lithium chemicals and lithium derivatives used in lubricating greases for heat-resistant glass, chips for the ceramic and glazing industry, and air conditioning chemicals, as well as other pharmaceutical syntheses and metal alloys. Further, the company produces potassium sulfate; and potassium chloride which are used to nourish various crops. Additionally, it produces and markets industrial chemicals, such as sodium nitrate mainly used in the production of glass and explosives, metal processing and recycling, and production of insulating materials and adhesives; potassium nitrate used as a raw material to produce frits and special ty glass, as well as in the enamel, metal treatment, and pyrotechnic sectors; solar salts used as a thermal storage medium in solar power generation plants; and potassium chloride as an additive in oil drilling and food processing sectors, as well as sells third-party fertilizers. Sociedad Química y Minera de Chile S.A. was founded in 1926 and is headquartered in Santiago, Chile.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sociedad Química y Minera de Chile S.A reported revenue of $4.6B in FY2025 versus $2.9B in FY2021, a compound +12.4%/yr. Reported net income was $588M in FY2025, compounding +0.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
4.6B CLP
Latest YoY
+1.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−24.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.3%
Avg. revenue growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+14.4% (14.4 + 0.0)
Revenue +12.4%/yr
FY21 $2.9B
FY22 $10.7B
FY23 $7.5B
FY24 $4.5B
FY25 $4.6B
Net income +0.1%/yr
FY21 $585M
FY22 $3.9B
FY23 $923M
FY24 $685M
FY25 $588M

SQM-B screens 64% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Sociedad Química y Minera de Chile S.A Fair Value". https://www.fairvalue-calculator.com/stock/SQM-B

Peer Group

Specialty Chemicals · 713 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside −64% · Bottom 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 41% · Top 25%
Revenue growth 70% · Top 25%
Debt / equity 0.74× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 29.8× · Pricier than median
P/B 3.61× · Pricier than 75% of peers
P/S (TTM) 3.88× · Pricier than 75% of peers
P/FCF 47.0× · Pricier than 75% of peers
EV/EBITDA 11.7× · Pricier than median
PEG 0.32× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 19
PAST54 · sector 23
HEALTH63 · sector 95
DIVIDEND0 · sector 29

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

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Ecolab Inc ECL $290.60 $96.18 -67%
Air Products and Chemicals, Inc APD $306.66 $122.14 -60%
Givaudan SA GIVN CHF 3,274 CHF 1,498 -54%
Wanhua Chemical Group 600309 ¥75.06 ¥68.03 -9%
500820 500820 ₹2,757 ₹557.43 -80%
Novozymes A/S NSISB kr 456.40 kr 169.99 -63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 -74%
PPG Industries, Inc PPG $114.42 $71.31 -38%

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Frequently asked questions

Is Sociedad Química y Minera de Chile S.A (SQM-B) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of 26,509 CLP versus a price of 74,050 CLP, about −64% (overvalued).
What is the fair value of SQM-B?
Our model-based fair value for Sociedad Química y Minera de Chile S.A is 26,509 CLP (as of Aug 27, 2026), built from audited fundamentals. The current price: 74,050 CLP.
What is the quality score of SQM-B?
Sociedad Química y Minera de Chile S.A has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sociedad Química y Minera de Chile S.A (SQM-B)?
Sociedad Química y Minera de Chile S.A reported trailing-twelve-month revenue of about 5.3B CLP (latest available figure, as of Aug 27, 2026).
What is the net profit margin of SQM-B?
The net profit margin of Sociedad Química y Minera de Chile S.A is about 15.4%, meaning it keeps roughly 15.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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