SQM Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	18.26B EUR	21.15B EUR	23.12B EUR	19.65B EUR
Enterprise Value	21.76B EUR	22.99B EUR	25.4B EUR	22.63B EUR
Valuation Multiples
Trailing P/E	13.15x	15.25x	28.36x	43.61x
Forward P/E	9.18x	--	--	--
Price to Sales	2.71x	3.14x	4.36x	5.55x
Price to Book	2.89x	3.35x	3.95x	3.45x
EV/Revenue	3.24x	3.42x	4.79x	6.39x
EV/EBITDA	7.24x	8.51x	15.33x	24.92x
Price to FCF (P/FCF)	6.97x	41.92x	57.86x	44.9x
EV/FCF	8.31x	45.57x	63.57x	51.7x
FCF Yield	14.35%	2.39%	1.73%	2.23%