Intrinsic value of Sociedad Quimica y Minera De Chile ADR - SQM

Previous Close

$44.87

  Intrinsic Value

$365.56

stock screener

  Rating & Target

str. buy

+715%

Previous close

$44.87

 
Intrinsic value

$365.56

 
Up/down potential

+715%

 
Rating

str. buy

We calculate the intrinsic value of SQM stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  11.20
  10.58
  10.02
  9.52
  9.07
  8.66
  8.29
  7.97
  7.67
  7.40
  7.16
  6.95
  6.75
  6.58
  6.42
  6.28
  6.15
  6.03
  5.93
  5.84
  5.75
  5.68
  5.61
  5.55
  5.49
  5.45
  5.40
  5.36
  5.32
  5.29
Revenue, $m
  2,399
  2,653
  2,919
  3,196
  3,486
  3,788
  4,102
  4,429
  4,769
  5,122
  5,489
  5,870
  6,266
  6,678
  7,107
  7,553
  8,017
  8,501
  9,005
  9,531
  10,080
  10,652
  11,250
  11,874
  12,526
  13,208
  13,922
  14,668
  15,449
  16,266
Variable operating expenses, $m
  562
  620
  681
  744
  810
  879
  951
  1,025
  1,103
  1,183
  1,252
  1,339
  1,429
  1,523
  1,621
  1,722
  1,828
  1,939
  2,054
  2,173
  2,299
  2,429
  2,565
  2,708
  2,856
  3,012
  3,175
  3,345
  3,523
  3,709
Fixed operating expenses, $m
  1,097
  1,121
  1,145
  1,171
  1,196
  1,223
  1,250
  1,277
  1,305
  1,334
  1,363
  1,393
  1,424
  1,455
  1,487
  1,520
  1,553
  1,588
  1,622
  1,658
  1,695
  1,732
  1,770
  1,809
  1,849
  1,889
  1,931
  1,973
  2,017
  2,061
Total operating expenses, $m
  1,659
  1,741
  1,826
  1,915
  2,006
  2,102
  2,201
  2,302
  2,408
  2,517
  2,615
  2,732
  2,853
  2,978
  3,108
  3,242
  3,381
  3,527
  3,676
  3,831
  3,994
  4,161
  4,335
  4,517
  4,705
  4,901
  5,106
  5,318
  5,540
  5,770
Operating income, $m
  740
  912
  1,093
  1,282
  1,480
  1,687
  1,902
  2,127
  2,361
  2,605
  2,874
  3,138
  3,413
  3,700
  3,999
  4,311
  4,636
  4,975
  5,329
  5,700
  6,086
  6,491
  6,914
  7,357
  7,821
  8,307
  8,816
  9,350
  9,909
  10,496
EBITDA, $m
  1,102
  1,311
  1,530
  1,759
  1,999
  2,250
  2,511
  2,783
  3,066
  3,361
  3,668
  3,987
  4,320
  4,666
  5,027
  5,403
  5,795
  6,204
  6,632
  7,078
  7,544
  8,031
  8,541
  9,074
  9,632
  10,217
  10,829
  11,471
  12,143
  12,848
Interest expense (income), $m
  -55
  68
  79
  91
  104
  117
  130
  145
  159
  175
  191
  208
  225
  243
  262
  281
  301
  323
  344
  367
  391
  416
  442
  469
  497
  527
  558
  590
  623
  659
  696
Earnings before tax, $m
  673
  833
  1,002
  1,178
  1,363
  1,556
  1,758
  1,968
  2,186
  2,414
  2,666
  2,913
  3,170
  3,439
  3,718
  4,009
  4,313
  4,631
  4,962
  5,308
  5,670
  6,049
  6,445
  6,860
  7,294
  7,749
  8,226
  8,726
  9,250
  9,800
Tax expense, $m
  182
  225
  270
  318
  368
  420
  475
  531
  590
  652
  720
  787
  856
  928
  1,004
  1,083
  1,165
  1,250
  1,340
  1,433
  1,531
  1,633
  1,740
  1,852
  1,969
  2,092
  2,221
  2,356
  2,498
  2,646
Net income, $m
  491
  608
  731
  860
  995
  1,136
  1,283
  1,436
  1,596
  1,762
  1,946
  2,127
  2,314
  2,510
  2,714
  2,927
  3,149
  3,380
  3,622
  3,875
  4,139
  4,416
  4,705
  5,008
  5,325
  5,657
  6,005
  6,370
  6,753
  7,154

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,223
  4,670
  5,138
  5,628
  6,138
  6,669
  7,223
  7,798
  8,396
  9,018
  9,663
  10,335
  11,032
  11,758
  12,512
  13,298
  14,115
  14,967
  15,855
  16,780
  17,746
  18,753
  19,806
  20,905
  22,053
  23,254
  24,510
  25,824
  27,199
  28,638
Adjusted assets (=assets-cash), $m
  4,223
  4,670
  5,138
  5,628
  6,138
  6,669
  7,223
  7,798
  8,396
  9,018
  9,663
  10,335
  11,032
  11,758
  12,512
  13,298
  14,115
  14,967
  15,855
  16,780
  17,746
  18,753
  19,806
  20,905
  22,053
  23,254
  24,510
  25,824
  27,199
  28,638
Revenue / Adjusted assets
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
  0.568
Average production assets, $m
  1,734
  1,918
  2,110
  2,311
  2,521
  2,739
  2,966
  3,202
  3,448
  3,703
  3,968
  4,244
  4,531
  4,828
  5,138
  5,461
  5,797
  6,146
  6,511
  6,891
  7,288
  7,701
  8,133
  8,585
  9,056
  9,550
  10,065
  10,605
  11,170
  11,761
Working capital, $m
  1,017
  1,125
  1,237
  1,355
  1,478
  1,606
  1,739
  1,878
  2,022
  2,172
  2,327
  2,489
  2,657
  2,832
  3,013
  3,202
  3,399
  3,605
  3,818
  4,041
  4,274
  4,516
  4,770
  5,034
  5,311
  5,600
  5,903
  6,219
  6,550
  6,897
Total debt, $m
  1,463
  1,685
  1,918
  2,161
  2,414
  2,678
  2,953
  3,239
  3,537
  3,845
  4,166
  4,500
  4,847
  5,207
  5,582
  5,973
  6,379
  6,802
  7,244
  7,703
  8,183
  8,684
  9,207
  9,753
  10,324
  10,921
  11,545
  12,198
  12,882
  13,597
Total liabilities, $m
  2,099
  2,321
  2,554
  2,797
  3,051
  3,315
  3,590
  3,876
  4,173
  4,482
  4,803
  5,136
  5,483
  5,844
  6,219
  6,609
  7,015
  7,439
  7,880
  8,340
  8,820
  9,320
  9,843
  10,390
  10,960
  11,557
  12,181
  12,834
  13,518
  14,233
Total equity, $m
  2,124
  2,349
  2,585
  2,831
  3,087
  3,355
  3,633
  3,922
  4,223
  4,536
  4,861
  5,198
  5,549
  5,914
  6,294
  6,689
  7,100
  7,528
  7,975
  8,440
  8,926
  9,433
  9,962
  10,515
  11,093
  11,697
  12,328
  12,989
  13,681
  14,405
Total liabilities and equity, $m
  4,223
  4,670
  5,139
  5,628
  6,138
  6,670
  7,223
  7,798
  8,396
  9,018
  9,664
  10,334
  11,032
  11,758
  12,513
  13,298
  14,115
  14,967
  15,855
  16,780
  17,746
  18,753
  19,805
  20,905
  22,053
  23,254
  24,509
  25,823
  27,199
  28,638
Debt-to-equity ratio
  0.690
  0.720
  0.740
  0.760
  0.780
  0.800
  0.810
  0.830
  0.840
  0.850
  0.860
  0.870
  0.870
  0.880
  0.890
  0.890
  0.900
  0.900
  0.910
  0.910
  0.920
  0.920
  0.920
  0.930
  0.930
  0.930
  0.940
  0.940
  0.940
  0.940
Adjusted equity ratio
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503
  0.503

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  491
  608
  731
  860
  995
  1,136
  1,283
  1,436
  1,596
  1,762
  1,946
  2,127
  2,314
  2,510
  2,714
  2,927
  3,149
  3,380
  3,622
  3,875
  4,139
  4,416
  4,705
  5,008
  5,325
  5,657
  6,005
  6,370
  6,753
  7,154
Depreciation, amort., depletion, $m
  362
  399
  437
  477
  519
  563
  608
  655
  705
  756
  794
  849
  906
  966
  1,028
  1,092
  1,159
  1,229
  1,302
  1,378
  1,458
  1,540
  1,627
  1,717
  1,811
  1,910
  2,013
  2,121
  2,234
  2,352
Funds from operations, $m
  853
  1,007
  1,168
  1,337
  1,514
  1,699
  1,891
  2,092
  2,301
  2,518
  2,740
  2,975
  3,221
  3,476
  3,742
  4,019
  4,308
  4,610
  4,924
  5,253
  5,597
  5,956
  6,332
  6,725
  7,136
  7,567
  8,018
  8,491
  8,987
  9,506
Change in working capital, $m
  102
  108
  113
  118
  123
  128
  133
  139
  144
  150
  156
  162
  168
  175
  182
  189
  197
  205
  214
  223
  233
  243
  253
  265
  277
  289
  302
  316
  331
  347
Cash from operations, $m
  751
  899
  1,056
  1,220
  1,391
  1,571
  1,758
  1,953
  2,157
  2,368
  2,585
  2,814
  3,053
  3,301
  3,560
  3,830
  4,111
  4,405
  4,711
  5,030
  5,364
  5,713
  6,078
  6,460
  6,860
  7,278
  7,716
  8,175
  8,656
  9,160
Maintenance CAPEX, $m
  -312
  -347
  -384
  -422
  -462
  -504
  -548
  -593
  -640
  -690
  -741
  -794
  -849
  -906
  -966
  -1,028
  -1,092
  -1,159
  -1,229
  -1,302
  -1,378
  -1,458
  -1,540
  -1,627
  -1,717
  -1,811
  -1,910
  -2,013
  -2,121
  -2,234
New CAPEX, $m
  -175
  -184
  -192
  -201
  -210
  -218
  -227
  -236
  -246
  -255
  -265
  -276
  -287
  -298
  -310
  -323
  -336
  -350
  -365
  -380
  -396
  -414
  -432
  -451
  -472
  -493
  -516
  -540
  -565
  -591
Cash from investing activities, $m
  -487
  -531
  -576
  -623
  -672
  -722
  -775
  -829
  -886
  -945
  -1,006
  -1,070
  -1,136
  -1,204
  -1,276
  -1,351
  -1,428
  -1,509
  -1,594
  -1,682
  -1,774
  -1,872
  -1,972
  -2,078
  -2,189
  -2,304
  -2,426
  -2,553
  -2,686
  -2,825
Free cash flow, $m
  264
  369
  480
  597
  720
  848
  983
  1,124
  1,271
  1,423
  1,579
  1,745
  1,917
  2,097
  2,284
  2,480
  2,683
  2,895
  3,117
  3,348
  3,590
  3,842
  4,106
  4,382
  4,671
  4,973
  5,290
  5,622
  5,970
  6,335
Issuance/(repayment) of debt, $m
  211
  222
  233
  243
  254
  264
  275
  286
  297
  309
  321
  334
  347
  361
  375
  390
  406
  423
  441
  460
  480
  501
  523
  546
  571
  597
  624
  653
  683
  715
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  211
  222
  233
  243
  254
  264
  275
  286
  297
  309
  321
  334
  347
  361
  375
  390
  406
  423
  441
  460
  480
  501
  523
  546
  571
  597
  624
  653
  683
  715
Total cash flow (excl. dividends), $m
  475
  591
  712
  840
  973
  1,113
  1,258
  1,410
  1,568
  1,732
  1,900
  2,078
  2,264
  2,458
  2,659
  2,870
  3,090
  3,319
  3,558
  3,808
  4,070
  4,343
  4,629
  4,928
  5,242
  5,570
  5,914
  6,275
  6,653
  7,050
Retained Cash Flow (-), $m
  -213
  -225
  -235
  -246
  -257
  -267
  -278
  -289
  -301
  -313
  -325
  -338
  -351
  -365
  -380
  -395
  -411
  -428
  -446
  -466
  -486
  -507
  -529
  -553
  -578
  -604
  -632
  -661
  -692
  -724
Prev. year cash balance distribution, $m
  276
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  538
  366
  477
  594
  717
  845
  980
  1,120
  1,267
  1,420
  1,575
  1,740
  1,913
  2,093
  2,280
  2,475
  2,678
  2,890
  3,112
  3,343
  3,584
  3,836
  4,100
  4,375
  4,664
  4,966
  5,283
  5,614
  5,962
  6,326
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  516
  335
  415
  489
  555
  613
  662
  700
  728
  744
  748
  743
  727
  703
  669
  629
  583
  532
  479
  425
  371
  318
  269
  223
  181
  145
  113
  87
  65
  48
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Sociedad Quimica y Minera de Chile S.A. (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. Specialty plant nutrients are fertilizers that enable farmers to improve yields and the quality of certain crops. Industrial chemicals have a range of applications in chemical processes, such as the manufacturing of glass and industrial nitrates. Iodine and its derivatives are used in the X-ray contrast media and biocides industries, among others. Lithium and its derivatives are used in batteries, greases and frits for production of ceramics. Potassium chloride is a commodity fertilizer that is produced and sold by the Company across the world.

FINANCIAL RATIOS  of  Sociedad Quimica y Minera De Chile ADR (SQM)

Valuation Ratios
P/E Ratio 42.5
Price to Sales 6.1
Price to Book 5.3
Price to Tangible Book
Price to Cash Flow 18.5
Price to Free Cash Flow 23.3
Growth Rates
Sales Growth Rate 12.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 19.8%
Cap. Spend. - 3 Yr. Gr. Rate -19.2%
Financial Strength
Quick Ratio 5
Current Ratio 0
LT Debt to Equity 47.2%
Total Debt to Equity 54.3%
Interest Coverage -7
Management Effectiveness
Return On Assets 5.4%
Ret/ On Assets - 3 Yr. Avg. 4.4%
Return On Total Capital 7.5%
Ret/ On T. Cap. - 3 Yr. Avg. 6.2%
Return On Equity 12.1%
Return On Equity - 3 Yr. Avg. 10.6%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 31.5%
Gross Margin - 3 Yr. Avg. 30.4%
EBITDA Margin 18.6%
EBITDA Margin - 3 Yr. Avg. 16.5%
Operating Margin 23.1%
Oper. Margin - 3 Yr. Avg. 22.1%
Pre-Tax Margin 21.4%
Pre-Tax Margin - 3 Yr. Avg. 19.6%
Net Profit Margin 14.3%
Net Profit Margin - 3 Yr. Avg. 12.8%
Effective Tax Rate 32%
Eff/ Tax Rate - 3 Yr. Avg. 33.2%
Payout Ratio 143.5%

SQM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SQM stock intrinsic value calculation we used $2157.323 million for the last fiscal year's total revenue generated by Sociedad Quimica y Minera De Chile ADR. The default revenue input number comes from 0001 income statement of Sociedad Quimica y Minera De Chile ADR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our SQM stock valuation model: a) initial revenue growth rate of 11.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for SQM is calculated based on our internal credit rating of Sociedad Quimica y Minera De Chile ADR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Sociedad Quimica y Minera De Chile ADR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of SQM stock the variable cost ratio is equal to 23.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1073 million in the base year in the intrinsic value calculation for SQM stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Sociedad Quimica y Minera De Chile ADR.

Corporate tax rate of 27% is the nominal tax rate for Sociedad Quimica y Minera De Chile ADR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the SQM stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for SQM are equal to 72.3%.

Life of production assets of 0 years is the average useful life of capital assets used in Sociedad Quimica y Minera De Chile ADR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for SQM is equal to 42.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2187.821 million for Sociedad Quimica y Minera De Chile ADR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 38.069 million for Sociedad Quimica y Minera De Chile ADR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Sociedad Quimica y Minera De Chile ADR at the current share price and the inputted number of shares is $1.7 billion.

RELATED COMPANIES Price Int.Val. Rating
MOS Mosaic 36.14 107.99  str.buy
CMP Compass Minera 51.59 40.31  sell

COMPANY NEWS

▶ Jim Cramer Weighs In On Dropbox, Teva And More   [Nov-14-18 07:46AM  Benzinga]
▶ [$$] Deal to Create Chinese Lithium Giant Faces Legal Challenge   [Oct-21-18 08:03PM  The Wall Street Journal]
▶ Lithium Is Crown Jewel for SQM   [Sep-19-18 07:00AM  Morningstar]
▶ Why Lithium Stock SQM Dropped 11.7% in August   [Sep-05-18 08:38PM  Motley Fool]
▶ SQM: 2Q Earnings Snapshot   [Aug-23-18 05:03AM  Associated Press]
▶ SQM Reports Earnings for the Second Quarter of 2018   [Aug-22-18 11:33PM  PR Newswire]
▶ Is FMC Corporation a Buy?   [Aug-20-18 06:04AM  Motley Fool]
▶ 10 Lithium Stocks to Buy Despite the Markets Irrationality   [Aug-02-18 10:43AM  InvestorPlace]
▶ SQM: 1Q Earnings Snapshot   [05:01AM  Associated Press]
▶ SQM Publishes First Quarter 2018 Results   [12:22AM  PR Newswire]
▶ [$$] China Wont Dominate Lithium Forever   [12:09AM  The Wall Street Journal]
▶ [$$] China Won't Dominate Lithium Forever   [06:34AM  The Wall Street Journal]
▶ Ford, Tesla, GM's Electric Car Production Could Be Hit By This Problem   [May-01-18 04:10PM  Investor's Business Daily]
▶ Albemarle Stock Upgraded: What You Need to Know   [Apr-13-18 12:59PM  Motley Fool]
▶ FMC Corp Remains Poised for Prosperity   [Mar-07-18 12:56PM  InvestorPlace]
▶ Forget Gold, Your Money Is Better Off in These 3 Stocks   [Mar-03-18 11:49AM  Motley Fool]
▶ Why Lithium Stocks Are Plunging Amid Electric Car Boom   [Mar-02-18 06:00AM  Investopedia]
▶ SQM posts 4Q profit   [Mar-01-18 05:01AM  Associated Press]
▶ 3 Top Growth Stocks to Buy Right Now   [08:39AM  Motley Fool]
▶ Why Lithium ETF Plunged to Start the Week?   [Feb-27-18 05:00PM  Zacks]
▶ OPEC Looks To Dial Back Production Cuts   [03:00PM  Oilprice.com]
▶ [$$] Rio Tinto Should Keep Part of Its Record Haul   [05:12AM  The Wall Street Journal]
▶ Is Albemarle a Top Lithium Stock? 1 Analyst Thinks So   [Jan-30-18 02:58PM  Motley Fool]
▶ [$$] Is Lithium the Next Canary in the Markets Mine?   [Jan-20-18 12:44AM  The Wall Street Journal]
▶ Can Anything Stop The Shale Surge?   [Jan-19-18 03:00PM  Oilprice.com]
▶ [$$] Is Lithium the Next Canary in the Markets Mine?   [06:18AM  The Wall Street Journal]
▶ Top Stocks in Mining   [Jan-18-18 06:02AM  Motley Fool]
▶ This Is Why Leading Lithium Stocks Are Tumbling Today   [Jan-16-18 04:14PM  Investor's Business Daily]
▶ Scotts Miracle-Gro: Ratings and Price Target for January   [Jan-12-18 10:32AM  Market Realist]
▶ 3 Lithium Stocks to Buy for 2018   [Dec-31-17 08:06AM  Motley Fool]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.