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Sociedad Quimica y Minera de Chile SA ADR B (SQM) Fair Value & Analysis

Basic Materials · US · Market cap $22.5B · ISIN US8336351056

What is Sociedad Quimica y Minera de Chile SA ADR B really worth?

SQ Sociedad Quimica y Minera de Chile SA ADR B logo Sociedad Quimica y Minera de Chile SA ADR B SQM · US
Price$79.78
Fair Value$27.14
Upside−66.0%
Quality58/100

A solid business, but trading 194% above our fair value of $27.14.

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Strengths

Solidly profitable · 15.4% net margin
Moderate debt · generates free cash flow
Wide moat 68/100

Risks

!Weak Growth (revenue 5y +20.2 %/yr)
!Mixed vs. peers (7/15)
!Weak on dividend: 26 out of 100

For context

·1.31% dividend yield
Evidence: High Range $17.49 – $43.69

Fair value as of: Sep 2, 2026

From 26 valuation models · updated 2 days ago

Share price +16.3% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case ($43.69). 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 ($17.49 to $43.69) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$103.36 $29.81 Fair Value $27.14 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.

How to read this chart

60‑month range $29.81 – $103.36 · fair‑value band $17.49 – $43.69 · the $79.78 price screens above the $27.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 2, 2026.

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Analysis

Sociedad Quimica y Minera de Chile SA ADR B (SQM) currently trades at $79.78, while our model-based Fair Value estimate is $27.14, implying the stock looks roughly 193.9% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of $34.95 per share, and 0 of the 26 models we run sit above the $79.78 price. Bear case: the Asset-Based group reads lowest at $13.36, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Sociedad Quimica y Minera de Chile SA ADR B generated revenue of $5.3B 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 $3.1B. Fundamentals as of Sep 2, 2026

Our scenario range runs from $17.49 (bear case) to $43.69 (bull case); at $79.78, 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 18% below its 52-week high and 133% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −66%, SQM screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.94 per share, which is 7.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
EPV $18.54 $23.07 $27.03 72
FCF DCF $10.44 $24.57 $48.33 71
Owner Earnings $1.91 $9.46 70
All 26 models by family
DCF Models
FCF DCF $10.44 $24.57 $48.33 71
Owner Earnings $1.91 $9.46 70
5Y Revenue Exit $8.67 $20.89 $37.20 66
5Y EBITDA Exit $22.80 $49.31 $82.27 69
5Y P/E Exit $13.71 $31.04 $50.48 65
10Y Revenue Exit $8.55 $20.25 $37.55 60
10Y EBITDA Exit $18.38 $40.78 $74.37 62
10Y P/E Exit $12.42 $27.58 $48.39 58
Earnings-Based
Graham-Dodd $13.98 $59.26 $80.90 59
Lynch FV $15.10 $21.57 $28.03 57
PEG = 1.0 $15.10 $21.57 $28.03 53
EPV $18.54 $23.07 $27.03 72
Dividend Discount
Gordon GGM $0.1400 $0.2900 $0.4500 62
DDM Multi-Stage $0.1400 $0.2400 $0.3000 62
Multiples
P/E Multiple $26.21 $34.95 $43.69 61
P/S Multiple $18.00 $23.99 $29.99 56
P/B Multiple $26.21 $34.95 $43.69 53
EV/EBIT $33.07 $46.97 $60.87 64
EV/EBITDA $32.36 $46.03 $59.70 65
EV/Revenue $8.16 $15.36 $22.55 50
Asset-Based
NCAV (Graham) $9.97 $13.36 $19.94 52
Growth DCF
Growth DCF $10.43 $23.72 $45.68 70
Rev-Margin DCF $8.67 $20.68 $35.76 66
Economic Profit
Residual Income $17.58 $19.76 $37.13 70
ROIC Compounder $18.54 $26.27 $37.24 68
Growth Earnings
Growth-Adj P/E $22.71 $32.44 $42.17 64

Widest divergence: Multiples ($34.95) versus Dividend Discount ($0.2400). Highest evidence: EPV (72).

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Key figures & financial health

P/E ratio 27.5 as of Jun 24, 2026
P/S ratio 3.53 P/E × margin
EPS (TTM) $2.86 price ÷ EPS = P/E 27.5
Dividend yield 1.3% payout 36.5%
Net margin 12.9% FY2025
Return on equity 13.4% TTM
More key figures
Profitability
Return on assets (EBIT) 21.1% avg 5y
Operating margin 41.1% TTM
Growth
Revenue (TTM) $5.3B TTM
Revenue growth (YoY) +69.8% 3y avg −24.7%
EPS growth (YoY) +165%
Balance sheet & cash flow
Free cash flow $437M FY2025
Net debt $3.1B FY2025 · ≈ 7.0 yrs of FCF

Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 55 · Market factors (momentum, volatility) 66

Profitability 34
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 80
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 Quimica y Minera de Chile SA ADR B reported revenue of $4.6B in FY2025 versus $2.9B in FY2021, a compound +12.4%/yr. Reported net income was $587M 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
Latest YoY
+0.9%
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.
+20.2%
Avg. revenue growth/yr (31Y) 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.
+9.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+15.9% (14.6 + 1.3)
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 $2.0B
FY24 −$404M
FY25 $587M
Character of growth · EPS growth decomposed (2014-2025) +19.4 % p.a.
Revenue per share +12.8 %

of which total revenue +13.7 % · buybacks/dilution −0.8 %

EBIT margin +4.5 %
Tax rate +0.7 %
Residual (interest, one-offs) +0.7 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

SQM screens 194% overvalued. Compare with Linde plc →

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

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Chemicals · 695 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 −66% · 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%
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.74× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 27.5× · Pricier than median
P/B 3.94× · Pricier than 75% of peers
P/S (TTM) 4.24× · Pricier than 75% of peers
P/FCF 51.4× · Pricier than 75% of peers
EV/EBITDA 12.7× · Pricier than median
PEG 0.35× · Cheaper than 75% of peers

Strength profile in five axes (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 20
PAST54 · sector 23
HEALTH63 · sector 95
DIVIDEND26 · sector 28

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

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 Sep 2, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $485.35 $222.03 −54%
The Sherwin-Williams Company SHW $344.86 $143.38 −58%
Ecolab Inc ECL $286.75 $96.18 −66%
Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥77.66 ¥68.03 −12%
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 $114.22 $71.31 −38%

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Frequently asked questions

Is Sociedad Quimica y Minera de Chile SA ADR B (SQM) overvalued or undervalued?
As of Sep 2, 2026, our model estimates a fair value of $27.14 versus a price of $79.78, about −66% upside (overvalued).
What is the fair value of SQM?
Our model-based fair value for Sociedad Quimica y Minera de Chile SA ADR B is $27.14 (as of Sep 2, 2026), built from audited fundamentals. The current price: $79.78.
What is the quality score of SQM?
Sociedad Quimica y Minera de Chile SA ADR B 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 Quimica y Minera de Chile SA ADR B (SQM)?
Sociedad Quimica y Minera de Chile SA ADR B reported trailing-twelve-month revenue of about $5.3B (latest available figure, as of Sep 2, 2026).
What is the net profit margin of SQM?
The net profit margin of Sociedad Quimica y Minera de Chile SA ADR B is about 15.4%, meaning it keeps roughly 15.4% of revenue as net income. Based on the latest reported figures.
Does Sociedad Quimica y Minera de Chile SA ADR B pay a dividend?
Sociedad Quimica y Minera de Chile SA ADR B currently shows a dividend yield of about 1.31% relative to its recent price (as of Sep 2, 2026).
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