TSLA - SQM Is Forecast To More Than Quadruple Net Income From 2020 Level To End 2023 With Huge Lithium Expansion Plans
- SQM has 3 main divisions - Specialty plant nutrients (fertilizers) (33%), Iodine and derivatives (31%) and Lithium & derivatives (21%) by gross profit.
- SQM plans to increase LCE capacity from ~83,500tpa in 2020 to 260,000 tpa by end 2024, a 3.1x increase. If successful, SQM's lithium division should become the biggest by far.
- Valuation looks to be about fair given the forecast rapid growth ahead in revenues and profits, but this assumes a successful lithium expansion.
For further details see:
SQM Is Forecast To More Than Quadruple Net Income From 2020 Level To End 2023 With Huge Lithium Expansion Plans