# Sociedad Química y Minera de Chile S.A. (SQM)

> Source: Nexqual · https://nexqual.com/SQM · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Sociedad Química y Minera de Chile S.A. (SQM), nexqual.com/SQM" · informational, not investment advice.

**Price:** USD 56.37 (-3.54% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 58.44 · day 55.97–56.95 · 52w 43.35–98 · market cap $16.1B · NYQ

## Key facts
- Total return with dividends: 1Y +30.5% vs S&P 500 +14.9%; 5Y +34.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-17, EPS estimate USD 2.08, revenue estimate $2.25B.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-18 | JP Morgan | Target lowered | Neutral | $94 → $88 |
| 2026-08-28 | JP Morgan | Target lowered | Neutral | $100 → $94 |
| 2026-08-27 | Citigroup | Upgrade | Neutral → Buy | $97 → $95 |
| 2026-08-24 | Scotiabank | Target raised | Sector Outperform | $93 → $104 |
| 2026-07-28 | Scotiabank | Target lowered | Sector Outperform | $105 → $93 |
| 2026-07-15 | Goldman Sachs | Target raised | Neutral | $64 → $82 |
| 2026-07-14 | Deutsche Bank | Target lowered | Buy | $105 → $98 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +30.5% | +34.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +30.6% | +6.1% |
| Volatility (annualized) | 47.1% | 50.2% |
| Max drawdown | -39.3% (May 2026→Oct 2026) | -69.2% (Nov 2022→May 2025) |

## Peers (Specialty Chemicals)
DD (DuPont de Nemours, Inc.) USD 135.1 +0.71% · RPM (RPM International Inc.) USD 101.72 +1.84% · LYB (LyondellBasell Industries NV) USD 65.37 +3.32% · SSL (Sasol Ltd.) USD 17.46 +7.84% · ALB (Albemarle Corporation) USD 92.54 -2.04% · IFF (International Flavors & Fragran) USD 93.83 +3.08%

## More
Full page: https://nexqual.com/SQM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SQM's own 20-F filed 2026-04-22 (https://www.sec.gov/Archives/edgar/data/909037/000090903726000023/sqm-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Chile | "If Chile experiences lower than expected economic growth or a recession, it is likely that consumer demand for electricity will decrease and that some of our customers may have difficulties paying their electric bills, p…" |
| Partner | Azure Minerals | "We currently participate in a number of joint ventures, including the Covalent Lithium and Azure Minerals joint ventures in Australia and the Nova Andino Litio Joint Venture in Chile, and may enter into additional joint …" |
| Partner | Wesfarmers | "The plan will allow us to expand our lithium, iodine and nitrate operations by accessing natural resources both in the Salar de Atacama and caliche deposits in Chile, through the Mt Holland project in Western Australia (…" |
| Partner | Ivanhoe Electric Inc. (IE) | "In January 2026, we executed a definitive Collaboration and Exploration Agreement with Ivanhoe Electric Inc. to explore 2,002 km² of SQM mining property in northern Chile in search of copper." |
| Partner | Albemarle (ALB) | "SQM and Albemarle have a lease agreement with Corfo to extract and produce lithium from brines stored in the Salar de Atacama deposit." |
| Partner | Salitrera Anglo Lautaro | "We were formed in 1968 through a joint venture between Compañía Salitrera Anglo Lautaro S.A. ("Anglo Lautaro") and Corfo, a Chilean government entity." |
| Partner | Toyota (TM) | "Algorta Norte S.A., a joint venture between ACF Minera S.A. and Toyota Tsusho; and Atacama Minerals, which is owned by Chinese company Tewoo." |
| Competitor | Rio Tinto (RIO) | "The main competitors in the lithium market with their estimated market share are: Albemarle (12%), Jiangxi Ganfeng Lithium Co (6%), Tianqi Lithium Corp. (5%) and Rio Tinto (4%)." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.08 | $2.36 | -11.9% | $2.25B | 5 |
| Next quarter (ends 2026-12-31) | $2.10 | $2.42 | -13.1% | $2.27B | 4 |
| Current fiscal year (ends 2026-12-31) | $7.54 | $6.59 | +14.5% | $8.25B | 12 |
| Next fiscal year (ends 2027-12-31) | $6.96 | $6.29 | +10.7% | $7.95B | 16 |