AllAnalyst Report
logoMorningstarDecember 22, 2020

Sociedad Química y Minera de Chile S.A.: Maintaining $57 FVE as SQM Signs Lithium Supply Deal With LG Energy Solutions; Shares Undervalued

Symbols
SQM
Sector(s)
Basic Materials
Rating
Premium
Current Price
$54.83
Fair Value
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Economic Moat
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Stewardship
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Summary

SQM is a Chilean commodities producer with significant operations in lithium (for electric vehicle batteries), specialty potassium fertilizers, iodine (for X-ray contrast media), and solar salts. The company extracts these materials through its high-quality caliche ore and salt brine deposits.

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Analyst Profile

Seth Goldstein

Equity Analyst
Seth Goldstein, CFA, is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers agriculture, chemicals, copper, and lithium companies in the basic-materials sector. Goldstein is also the Chair of Morningstar's Electric Vehicle Committee.Prior to assuming his current role in 2017, Goldstein was an associate equity analyst covering the basic-materials sector. Before joining Morningstar, Goldstein was a senior financial analyst for Oasis Financial, a financial analyst for Berkshire Hathaway Energy, and a field operations supervisor for the U.S. Census Bureau.Goldstein holds a bachelor's degree in journalism from Ohio University and a master's degree in business administration, with a concentration in finance, from the University of Iowa. He also holds the Chartered Financial Analyst® designation.