SQM Lithium Expansion Is Value Accretive; We Raise FVE to $40 but Caution Long-Term Risks
Following strong first-quarter earnings, we are increasing our fair value estimate for SQM to $40 per share from $38 based on the value accretion from the company’s newly announced lithium expansion project in Chile. During the quarter, gross profit increased 57% year on year to $178 million, primarily driven by higher lithium and potash prices. Our no-moat and very high uncertainty ratings remain intact as the arbitration with the Chilean regulator CORFO still presents a significant downside ri...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.