Report
Seth Goldstein
EUR 100.00 For Business Accounts Only

No Changes to Our Outlook as SQM Completes CEO Transition; Shares Remain Materially Undervalued

On Jan. 8, SQM announced that its planned CEO transition has been completed. Former CEO Patricio de Solminihac has retired, and former CFO Ricardo Ramos Rodriguez has assumed the CEO role. The transition was announced in mid-2018 and, with no changes to our outlook, we maintain our $65 per share fair value estimate.
Under Solminihac's leadership, SQM focused on the development and expansion of low-cost lithium production as well as capacity expansions for the company's low-cost iodine and nitrat...
Underlying
Sociedad Quimica y Minera de Chile S.A. Series B ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein

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