Added to YB: 2025-06-24
Pitch date: 2025-06-21
SQM [bullish]
Sociedad Química y Minera de Chile S.A.
+151.41%
current return
Author Info
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Company Info
Sociedad Química y Minera de Chile S.A. produces and sells specialty plant nutrients, and iodine and its derivatives worldwide.
Market Cap
$20.5B
Pitch Price
$32.00
Price Target
N/A
Dividend
2.94%
EV/EBITDA
17.36
P/E
39.13
EV/Sales
5.29
Sector
Chemicals
Category
growth
SQM - at cyclically low prices, poised for high future returns.
SQM: Diversified Chilean lithium producer trading cheaply amid lithium price crash (90% from peak, now $8k/t vs $15-25k/t needed for new projects). Bull case: 1) Structural EV/clean energy shift (17% CAGR to 2035), 2) Greenfield projects need higher prices, 3) Cash flow diversity from SPN/Iodine (57% of profits). Risks: China EV slowdown, extraction tech improvements. Target $14k/t lithium by 2029, 15x EV/EBIT, 22% IRR.
Read full article (10 min)