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Teck Resources

TSX:TECK.B
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TECK.B
TSX
CA$17B
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. The last earnings update was 25 days ago. More info.


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TECK.B Share Price and Events
7 Day Returns
5.2%
TSX:TECK.B
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-7.8%
TSX:TECK.B
-3.9%
CA Metals and Mining
2.6%
CA Market
TECK.B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Teck Resources (TECK.B) 5.2% -3.1% 8.6% -7.8% 210.3% 26.9%
CA Metals and Mining 1.7% 0.4% 13.7% -3.9% 15% -18.9%
CA Market -0% 0.5% 15.3% 2.6% 16.8% 5.3%
1 Year Return vs Industry and Market
  • TECK.B underperformed the Metals and Mining industry which returned -3.9% over the past year.
  • TECK.B underperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
TECK.B
Industry
5yr Volatility vs Market

TECK.B Value

 Is Teck Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Teck Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Teck Resources.

TSX:TECK.B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:TECK.B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.164 (1 + (1- 26.5%) (32.18%))
1.294
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.294 * 5.96%)
9.66%

Discounted Cash Flow Calculation for TSX:TECK.B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Teck Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:TECK.B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.66%)
2019 2,170.00 Analyst x3 1,978.83
2020 2,211.67 Analyst x3 1,839.16
2021 947.10 Analyst x3 718.20
2022 2,010.00 Analyst x1 1,389.94
2023 1,623.50 Analyst x1 1,023.77
2024 1,586.00 Est @ -2.31% 912.01
2025 1,569.61 Est @ -1.03% 823.08
2026 1,567.43 Est @ -0.14% 749.53
2027 1,575.06 Est @ 0.49% 686.82
2028 1,589.63 Est @ 0.92% 632.11
Present value of next 10 years cash flows CA$10,753.44
TSX:TECK.B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$1,589.63 × (1 + 1.95%) ÷ (9.66% – 1.95%)
CA$21,009.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$21,009.63 ÷ (1 + 9.66%)10
CA$8,354.40
TSX:TECK.B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$10,753.44 + CA$8,354.40
CA$19,107.85
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$19,107.85 / 566.92
CA$33.7
TSX:TECK.B Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$33.70
Current discount Discount to share price of CA$30.25
= -1 x (CA$30.25 - CA$33.70) / CA$33.70
10.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Teck Resources is available for.
Intrinsic value
10%
Share price is CA$30.25 vs Future cash flow value of CA$33.7
Current Discount Checks
For Teck Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Teck Resources's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Teck Resources's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Teck Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Teck Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:TECK.B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$5.41
TSX:TECK.B Share Price ** TSX (2019-03-22) in CAD CA$30.25
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.35x
Canada Market PE Ratio Median Figure of 555 Publicly-Listed Companies 14.94x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Teck Resources.

TSX:TECK.B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TECK.B Share Price ÷ EPS (both in CAD)

= 30.25 ÷ 5.41

5.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teck Resources is good value based on earnings compared to the CA Metals and Mining industry average.
  • Teck Resources is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Teck Resources's expected growth come at a high price?
Raw Data
TSX:TECK.B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
-8.6%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.65x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

TSX:TECK.B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.59x ÷ -8.6%

-0.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teck Resources earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Teck Resources's assets?
Raw Data
TSX:TECK.B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$40.10
TSX:TECK.B Share Price * TSX (2019-03-22) in CAD CA$30.25
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.46x
Canada Market PB Ratio Median Figure of 2,355 Publicly-Listed Companies 1.57x
TSX:TECK.B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TECK.B Share Price ÷ Book Value per Share (both in CAD)

= 30.25 ÷ 40.10

0.75x

* Primary Listing of Teck Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teck Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Teck Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Teck Resources has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TECK.B Future Performance

 How is Teck Resources expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-8.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Teck Resources expected to grow at an attractive rate?
  • Teck Resources's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Teck Resources's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
  • Teck Resources's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:TECK.B Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:TECK.B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts -8.6%
TSX:TECK.B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 0.6%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:TECK.B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:TECK.B Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 14,091 4,715 3,310 4
2022-12-31 12,925 4,163 2,192 7
2021-12-31 11,505 4,052 1,691 12
2020-12-31 11,754 4,086 1,798 20
2019-12-31 12,178 4,372 2,089 22
TSX:TECK.B Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 12,564 4,438 3,107
2018-09-30 12,611 4,573 3,463
2018-06-30 12,477 4,592 2,766
2018-03-31 12,293 4,893 2,712
2017-12-31 11,910 5,049 2,460
2017-09-30 12,311 5,092 2,417
2017-06-30 11,541 5,045 2,067
2017-03-31 10,449 3,976 1,502
2016-12-31 9,300 3,056 1,040
2016-09-30 7,878 2,259 -116
2016-06-30 7,674 1,965 -2,496
2016-03-31 7,933 1,961 -2,448

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Teck Resources's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Teck Resources's revenue is expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:TECK.B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from Teck Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TECK.B Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 5.28 5.83 4.73 2.00
2022-12-31 3.82 4.68 3.08 4.00
2021-12-31 2.95 3.62 1.68 7.00
2020-12-31 3.06 3.79 2.01 12.00
2019-12-31 3.54 4.45 3.04 12.00
TSX:TECK.B Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 5.41
2018-09-30 6.02
2018-06-30 4.80
2018-03-31 4.70
2017-12-31 4.26
2017-09-30 4.19
2017-06-30 3.58
2017-03-31 2.60
2016-12-31 1.80
2016-09-30 -0.20
2016-06-30 -4.33
2016-03-31 -4.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Teck Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Teck Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Teck Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TECK.B Past Performance

  How has Teck Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Teck Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Teck Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Teck Resources's 1-year earnings growth is less than its 5-year average (26.3% vs 40.2%)
  • Teck Resources's earnings growth has exceeded the CA Metals and Mining industry average in the past year (26.3% vs -28.9%).
Earnings and Revenue History
Teck Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Teck Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TECK.B Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 12,564.00 3,107.00 276.00 35.00
2018-09-30 12,611.00 3,463.00 323.00 40.00
2018-06-30 12,477.00 2,766.00 362.00 46.00
2018-03-31 12,293.00 2,712.00 316.00 51.00
2017-12-31 11,910.00 2,460.00 311.00 55.00
2017-09-30 12,311.00 2,417.00 283.00 47.00
2017-06-30 11,541.00 2,067.00 285.00 38.00
2017-03-31 10,449.00 1,502.00 338.00 31.00
2016-12-31 9,300.00 1,040.00 335.00 30.00
2016-09-30 7,878.00 -116.00 299.00 34.00
2016-06-30 7,674.00 -2,496.00 258.00 44.00
2016-03-31 7,933.00 -2,448.00 220.00 51.00
2015-12-31 8,259.00 -2,474.00 210.00 47.00
2015-09-30 8,380.00 -1,886.00 206.00 42.00
2015-06-30 8,529.00 344.00 194.00 33.00
2015-03-31 8,539.00 361.00 214.00 27.00
2014-12-31 8,599.00 362.00 207.00 29.00
2014-09-30 8,719.00 465.00 219.00 31.00
2014-06-30 8,993.00 648.00 259.00 28.00
2014-03-31 9,136.00 711.00 264.00 25.00
2013-12-31 9,382.00 961.00 266.00 18.00
2013-09-30 9,736.00 929.00 282.00 15.00
2013-06-30 9,717.00 918.00 280.00 16.00
2013-03-31 10,126.00 1,129.00 292.00 16.00
2012-12-31 10,343.00 1,068.00 307.00 19.00
2012-09-30 10,585.00 1,505.00 245.00 17.00
2012-06-30 11,460.00 2,063.00 207.00 18.00
2012-03-31 11,695.00 2,465.00 222.00 15.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Teck Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Teck Resources used its assets more efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • Teck Resources has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Teck Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Teck Resources has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TECK.B Health

 How is Teck Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Teck Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Teck Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Teck Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Teck Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Teck Resources Company Filings, last reported 2 months ago.

TSX:TECK.B Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 23,018.00 5,519.00 1,734.00
2018-09-30 22,466.00 5,235.00 1,483.00
2018-06-30 21,373.00 6,619.00 1,631.00
2018-03-31 20,818.00 6,503.00 1,209.00
2017-12-31 19,993.00 6,369.00 952.00
2017-09-30 19,125.00 6,122.00 889.00
2017-06-30 18,624.00 6,385.00 846.00
2017-03-31 18,210.00 6,884.00 536.00
2016-12-31 17,601.00 8,343.00 1,407.00
2016-09-30 16,812.00 8,704.00 1,113.00
2016-06-30 16,578.00 9,004.00 1,271.00
2016-03-31 16,628.00 9,053.00 1,485.00
2015-12-31 16,637.00 9,634.00 1,887.00
2015-09-30 17,059.00 9,684.00 1,487.00
2015-06-30 19,047.00 9,072.00 1,327.00
2015-03-31 19,026.00 9,206.00 1,567.00
2014-12-31 18,836.00 8,441.00 2,029.00
2014-09-30 18,884.00 8,129.00 1,853.00
2014-06-30 18,750.00 7,748.00 2,131.00
2014-03-31 18,983.00 8,034.00 2,386.00
2013-12-31 18,811.00 7,723.00 2,772.00
2013-09-30 18,706.00 7,469.00 2,250.00
2013-06-30 18,432.00 7,608.00 2,799.00
2013-03-31 18,618.00 7,344.00 2,950.00
2012-12-31 18,264.00 7,195.00 3,267.00
2012-09-30 18,053.00 7,606.00 3,930.00
2012-06-30 18,140.00 7,021.00 3,641.00
2012-03-31 18,206.00 6,888.00 3,800.00
  • Teck Resources's level of debt (24%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (41.1% vs 24% today).
  • Debt is well covered by operating cash flow (80.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 105.6x coverage).
X
Financial health checks
We assess Teck Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Teck Resources has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TECK.B Dividends

 What is Teck Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.99%
Current annual income from Teck Resources dividends. Estimated to be 0.71% next year.
If you bought CA$2,000 of Teck Resources shares you are expected to receive CA$20 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Teck Resources's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.05%).
  • Teck Resources's dividend is below the markets top 25% of dividend payers in Canada (5.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:TECK.B Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:TECK.B Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.20 1.00
2022-12-31 0.20 3.00
2021-12-31 0.22 6.00
2020-12-31 0.22 11.00
2019-12-31 0.21 9.00
TSX:TECK.B Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-02-13 0.300 1.012
2018-11-16 0.300 1.030
2018-07-25 0.200 0.668
2018-04-25 0.200 0.585
2018-02-15 0.200 0.579
2017-11-16 0.200 0.609
2017-07-27 0.200 0.713
2017-04-26 0.200 0.831
2016-11-23 0.100 0.335
2016-10-27 0.100 0.332
2016-04-27 0.100 0.558
2015-11-18 0.100 1.525
2015-10-22 0.300 4.160
2015-04-21 0.300 2.840
2014-11-19 0.900 5.330
2014-10-29 0.900 5.011
2014-04-23 0.900 3.858
2013-11-20 0.900 3.540
2013-10-24 0.900 3.180
2013-04-24 0.900 3.433
2012-11-14 0.900 2.787
2012-10-24 0.800 2.475
2012-04-23 0.800 2.606
2011-10-26 0.800 2.124
2011-04-19 0.600 1.404
2010-11-17 0.600 1.082
2010-10-27 0.400 0.838
2010-10-26 0.400 0.877
2010-04-22 0.400 1.081
2010-04-20 0.000 0.000
2010-03-24 0.000 0.000
2010-03-23 0.000 0.000
2010-02-08 0.000 0.000
2009-11-12 0.000 0.000
2009-10-30 0.000 0.000
2009-10-28 0.000 0.000
2009-07-31 0.000 0.000
2009-07-23 0.000 0.000
2009-07-22 0.000 0.000
2009-04-22 0.000 0.000
2009-04-21 0.000 0.000
2009-03-25 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teck Resources is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.
  • Teck Resources is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Teck Resources's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Teck Resources's dividends as it is not paying a notable one for Canada.
Future Payout to shareholders
  • No need to calculate the sustainability of Teck Resources's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Teck Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Teck Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Teck Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TECK.B Management

 What is the CEO of Teck Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Don Lindsay
COMPENSATION CA$10,709,800
AGE 59
TENURE AS CEO 13.9 years
CEO Bio

Mr. Donald R. Lindsay, also known as Don, is Chief Executive Officer at Teck Resources Limited since April 2005 and President since January 2005. Mr. Lindsay joined Teck Resources Limited in January 2005 and was appointed to the Board in February 2005. He has been a Director of Manulife Financial Corporation since August 2010. Mr. Lindsay was employed by CIBC World Markets Inc. (investment banking) from 1985 to 2004 where he was President, Head of Investment and Corporate Banking and Head of the Asia Pacific Region. He is a graduate of Queens University (B.Sc., Hons.) and Harvard Business School (M.B.A.).

CEO Compensation
  • Don's compensation has been consistent with company performance over the past year.
  • Don's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Teck Resources management team in years:

6.8
Average Tenure
  • The average tenure for the Teck Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Don Lindsay

TITLE
President
COMPENSATION
CA$11M
AGE
59
TENURE
13.9 yrs

Ron Millos

TITLE
Senior VP of Finance & CFO
COMPENSATION
CA$3M
AGE
61
TENURE
13.4 yrs

Peter Rozee

TITLE
Senior Vice President of Commercial & Legal Affairs
COMPENSATION
CA$3M
TENURE
8.9 yrs

Andrew Golding

TITLE
Senior Vice President of Corporate Development
COMPENSATION
CA$3M
TENURE
5.5 yrs

Marcia Smith

TITLE
Senior Vice President of Sustainability & External Affairs
COMPENSATION
CA$3M
TENURE
7.2 yrs

Andrew Milner

TITLE
Senior Vice President of Innovation & Technology
TENURE
0.3 yrs

Kal Ruberg

TITLE
VP of Teck Digital Systems & Chief Information Officer
TENURE
13.2 yrs

H. Phillips

TITLE
Senior Vice President of Investor Relations & Strategic Analysis
TENURE
2 yrs

Andrew Stonkus

TITLE
Senior Vice President of Marketing & Logistics
TENURE
4 yrs

Dean Winsor

TITLE
Senior VP & Chief Human Resources Officer
TENURE
6.3 yrs
Board of Directors Tenure

Average tenure and age of the Teck Resources board of directors in years:

4.3
Average Tenure
61
Average Age
  • The tenure for the Teck Resources board of directors is about average.
Board of Directors

Dominic Barton

TITLE
Chairman of the Board
COMPENSATION
CA$935K
AGE
55
TENURE
0.4 yrs

Don Lindsay

TITLE
President
COMPENSATION
CA$11M
AGE
59
TENURE
14.1 yrs

Norman Keevil

TITLE
Vice Chairman
COMPENSATION
CA$260K
AGE
54
TENURE
0.4 yrs

Norman Keevil

TITLE
Chairman Emeritus
COMPENSATION
CA$825K
AGE
80
TENURE
0.4 yrs

Ed Dowling

TITLE
Director
COMPENSATION
CA$275K
AGE
63
TENURE
6.5 yrs

Tracey McVicar

TITLE
Director
COMPENSATION
CA$260K
AGE
49
TENURE
4.3 yrs

Ken Ewen

TITLE
Independent Director
COMPENSATION
CA$224K
AGE
71
TENURE
3.9 yrs

Mike Ashar

TITLE
Director
COMPENSATION
CA$258K
AGE
63
TENURE
11.3 yrs

Takeshi Kubota

TITLE
Director
COMPENSATION
CA$247K
AGE
64
TENURE
6.9 yrs

Laura Dottori-Attanasio

TITLE
Director
COMPENSATION
CA$248K
AGE
50
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Teck Resources insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
05. Mar 19 Buy Sheila Murray Individual 28. Feb 19 28. Feb 19 5,060 CA$29.61 CA$149,827
04. Mar 19 Buy Andrew Golding Individual 28. Feb 19 28. Feb 19 70,000 CA$29.72 CA$2,080,400
02. Nov 18 Buy Kenneth William Ewen Individual 31. Oct 18 31. Oct 18 3,000 CA$26.57 CA$79,710
02. Nov 18 Buy Robin Sheremeta Individual 29. Oct 18 29. Oct 18 2,500 CA$25.12 CA$62,800
02. Nov 18 Buy Dale Andres Individual 29. Oct 18 29. Oct 18 5,000 CA$24.50 CA$122,500
02. Nov 18 Buy Andrew Stonkus Individual 29. Oct 18 29. Oct 18 1,200 CA$25.41 CA$30,479
16. Aug 18 Buy Andrew Stonkus Individual 15. Aug 18 15. Aug 18 3,000 CA$29.20 CA$87,601
12. Jun 18 Sell Robin Sheremeta Individual 11. Jun 18 11. Jun 18 -2,500 CA$38.43 CA$-96,081
X
Management checks
We assess Teck Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Teck Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TECK.B News

Simply Wall St News

The Teck Resources (TSE:TECK.B) Share Price Has Gained 159%, So Why Not Pay It Some Attention?

To wit, the Teck Resources Limited (TSE:TECK.B) share price has flown 159% in the last three years. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Dive deeper into the earnings by checking this interactive graph of Teck Resources's earnings, revenue and cash flow.

Simply Wall St -

Has Teck Resources Limited (TSE:TECK.B) Got Enough Cash?

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Teck Resources Limited (TSE:TECK.B). … With a market valuation of CA$17b, TECK.B is a safe haven in times of market uncertainty due to its strong balance sheet. … In times of low liquidity in the market, these firms won’t be left high and dry.

Simply Wall St -

Estimating The Intrinsic Value Of Teck Resources Limited (TSE:TECK.B)

Help shape the future of investing tools and receive a $20 prize! … by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF)

Simply Wall St -

Teck Resources Limited (TSE:TECK.B) Earns A Nice Return On Capital Employed

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Could Teck Resources Limited's (TSE:TECK.B) Investor Composition Influence The Stock Price?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of CA$18b, Teck Resources is rather large. … Check out our latest analysis for Teck Resources

Simply Wall St -

Is Teck Resources Limited (TSE:TECK.B) Excessively Paying Its CEO?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … At the time of writing our data says that Teck Resources Limited has a market cap of CA$16b, and is paying total annual CEO compensation of CA$11m. … We think total compensation is more important but we note that the CEO salary is lower, at CA$1.6m.

Simply Wall St -

Should Teck Resources Limited (TSE:TECK.B) Be Part Of Your Income Portfolio?

Historically, Teck Resources Limited (TSE:TECK.B) has paid a dividend to shareholders. … Does Teck Resources tick all the boxes of a great dividend stock? … See our latest analysis for Teck Resources

Simply Wall St -

Has Teck Resources Limited (TSE:TECK.B) Got Enough Cash?

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Teck Resources Limited (TSE:TECK.B). … With a market valuation of CA$16b, TECK.B is a safe haven in times of market uncertainty due to its strong balance sheet. … In times of low liquidity in the market, these firms won’t be left high and dry.

Simply Wall St -

How Teck Resources Limited (TSE:TECK.B) Could Add Value To Your Portfolio

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … is a company with great financial health as well as a.

Simply Wall St -

Does Teck Resources Limited (TSE:TECK.B) Have A Good P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … How Do I Calculate Teck Resources's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

TECK.B Company Info

Description

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company’s principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates. It also produces molybdenum, gold, silver, germanium, indium, mercury, and cadmium, as well as chemicals, industrial products, and fertilizers. In addition, the company holds interest in oil sands projects and other interests in the Athabasca region of Alberta; and owns interest in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1906 and is headquartered in Vancouver, Canada.

Details
Name: Teck Resources Limited
TECK.B
Exchange: TSX
Founded: 1906
CA$17,150,588,476
566,923,082
Website: http://www.teck.com
Address: Teck Resources Limited
Bentall 5,
Suite 3300,
Vancouver,
British Columbia, V6C 0B3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TECK.B Class B Subordinated Voting Shares The Toronto Stock Exchange CA CAD 13. Dec 1972
NYSE TECK Class B Subordinated Voting Shares New York Stock Exchange US USD 13. Dec 1972
DB TEKB Class B Subordinated Voting Shares Deutsche Boerse AG DE EUR 13. Dec 1972
BMV TECK N Class B Subordinated Voting Shares Bolsa Mexicana de Valores MX MXN 13. Dec 1972
TSX TECK.A Class A Common Shares The Toronto Stock Exchange CA CAD 13. Dec 1972
OTCPK TCKR.F Class A Common Shares Pink Sheets LLC US USD 13. Dec 1972
DB TPT Class A Common Shares Deutsche Boerse AG DE EUR 13. Dec 1972
Number of employees
Current staff
Staff numbers
10,000
Teck Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:43
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/22
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.