- SQM’s adjusted EBITDA for the third quarter was $788.2 million, a decrease of 53% from the previous year. This was lower than the estimated $910.4 million.
- The net income for the period was $479.4 million, a 56% drop year on year. The estimate was $555.6 million.
- Total revenue was $1.84 billion, a 38% decrease year on year, and lower than the estimated $2.02 billion.
- Revenue from Specialty Plant Nutrition was $221.7 million, a 24% decrease from the previous year. The estimate was $247.1 million.
- Iodine & Derivatives revenue was $213.0 million, a slight decrease of 1% year on year. The estimate was $220.3 million.
- Potassium Chloride & Potassium Sulfate revenues were $75.2 million, an increase of 25% from the previous year. This was higher than the estimated $58.5 million.
- Industrial Chemicals revenues were $43.4 million, a decrease of 4.1% from the previous year. The estimate was $44.7 million.
- SQM’s stock was rated as 6 buys, 1 hold, and 0 sells.
A look at Sociedad Quimica y Minera de C Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Sociedad Quimica y Minera de C has a long-term outlook that is generally positive. The company has an impressive dividend score of 5, indicating that it is likely to produce reliable returns to shareholders. Its growth and resilience scores are also strong at 5 and 4 respectively, suggesting that the company has the potential to continue to grow and weather market downturns. However, its value and momentum scores of 2 and 2 respectively indicate that the company may not be as attractive from a value investment perspective and could be subject to short-term fluctuations in the market.
Sociedad Quimica y Minera de C is a Chilean-based company that produces and markets specialty fertilizers, industrial chemicals, iodine and lithium for the agricultural industry. With products being marketed in over 100 countries, SQM has established itself as a global leader in the production of specialty fertilizers and industrial chemicals.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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