EV/Lithium, page-996

...lithium hodlers's hero says:
Looking forward to #SQM earnings and their 2nd Q price. My expectation on when price bounces back. Spoiler alert it isn’t this year & maybe not next year but remember the current global average price isn’t the China spot price.
https://x.com/globallithium/status/1825976543820026133

...as I had mentioned, ASX lithium majors are trading at much elevated PEs compared to US peers. SQM is trading at between 6-25x however you want to measure it. PLS and LTR are both trading at 2025 PE multiples of 43x and 38x respectively based on 2025 SC6 price of $1200 (SC spot today at $760).
InvestingPro Insights

The recent performance of Sociedad Química y Minera de Chile (SQM) has been a point of focus for investors, with the stock price reflecting broader industry challenges. According to InvestingPro data, SQM has a market capitalization of $10.87 billion and a Price/Earnings (P/E) ratio of 6.05, which is notably low and could suggest the stock is undervalued relative to earnings. However, the adjusted P/E ratio for the last twelve months as of Q1 2024 stands at 24.66, indicating a different valuation perspective when accounting for certain adjustments. Despite a significant decline in revenue growth over the last twelve months, with a decrease of 42.6%, SQM maintains a robust gross profit margin of 37.82%, highlighting efficient operations amidst revenue pressures.