Teck Resources
Market Cap
CA$12.3b
Last Updated
2019/11/11 23:43 UTC
Data Sources
Company Financials +
Executive Summary
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe.
Snowflake
Undervalued with excellent balance sheet.
Similar Companies
Share Price & News
How has Teck Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TECK.B has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.8%
TECK.B
-2.0%
CA Metals and Mining
1.1%
CA Market
1 Year Return
-18.8%
TECK.B
23.7%
CA Metals and Mining
6.6%
CA Market
Return vs Industry: TECK.B underperformed the Canadian Metals and Mining industry which returned 23.7% over the past year.
Return vs Market: TECK.B underperformed the Canadian Market which returned 6.6% over the past year.
Shareholder returns
| TECK.B | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.8% | -2.0% | 1.1% |
| 30 Day | 0.1% | -0.3% | 2.5% |
| 90 Day | -3.9% | -5.5% | 2.8% |
| 1 Year | -17.9%-18.8% | 24.7%23.7% | 10.2%6.6% |
| 3 Year | -25.8%-28.5% | -2.8%-4.6% | 19.4%8.7% |
| 5 Year | 33.0%21.3% | 20.2%16.1% | 27.3%8.7% |
Price Volatility Vs. Market
How volatile is Teck Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
Is Teck Resources (TSE:TECK.B) Using Too Much Debt?1 month ago | Simply Wall St
Should You Consider Teck Resources Limited (TSE:TECK.B)?2 months ago | Simply Wall St
There's A Lot To Like About Teck Resources Limited's (TSE:TECK.B) Upcoming 0.2% DividendValuation
Is Teck Resources undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TECK.B (CA$22.17) is trading below our estimate of fair value (CA$72.53)
Significantly Below Fair Value: TECK.B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TECK.B is good value based on its PE Ratio (7.5x) compared to the Metals and Mining industry average (16.6x).
PE vs Market: TECK.B is good value based on its PE Ratio (7.5x) compared to the Canadian market (14.6x).
Price to Earnings Growth Ratio
PEG Ratio: TECK.B is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: TECK.B is good value based on its PB Ratio (0.5x) compared to the CA Metals and Mining industry average (1.3x).
Next Steps
Future Growth
How is Teck Resources forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
4.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TECK.B's forecast earnings growth (4% per year) is above the savings rate (1.9%).
Earnings vs Market: TECK.B's earnings (4% per year) are forecast to grow slower than the Canadian market (11.2% per year).
High Growth Earnings: TECK.B's earnings are forecast to grow, but not significantly.
Revenue vs Market: TECK.B's revenue (2.1% per year) is forecast to grow slower than the Canadian market (5.1% per year).
High Growth Revenue: TECK.B's revenue (2.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TECK.B's Return on Equity is forecast to be low in 3 years time (6.4%).
Next Steps
Past Performance
How has Teck Resources performed over the past 5 years?
47.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TECK.B has high quality earnings.
Growing Profit Margin: TECK.B's current net profit margins (13.3%) are lower than last year (27.4%).
Past Earnings Growth Analysis
Earnings Trend: TECK.B's earnings have grown significantly by 47.3% per year over the past 5 years.
Accelerating Growth: TECK.B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TECK.B had negative earnings growth (-51.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (-23.6%).
Return on Equity
High ROE: TECK.B's Return on Equity (7.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Teck Resources's financial position?
Financial Position Analysis
Short Term Liabilities: TECK.B's short term assets (CA$5.4B) exceeds its short term liabilities (CA$2.6B)
Long Term Liabilities: TECK.B's short term assets (5.4B) do not cover its long term liabilities (15.0B)
Debt to Equity History and Analysis
Debt Level: TECK.B's debt to equity ratio (21.3%) is considered satisfactory
Reducing Debt: TECK.B's debt to equity ratio has reduced from 43.1% to 21.3% over the past 5 years.
Debt Coverage: TECK.B's debt is well covered by operating cash flow (78.4%).
Interest Coverage: TECK.B's interest payments on its debt are well covered by EBIT (62.5x coverage).
Balance Sheet
Inventory Level: TECK.B has a high level of physical assets or inventory.
Debt Coverage by Assets: TECK.B's debt is covered by short term assets (assets are 1.1x debt).
Next Steps
Dividend
What is Teck Resources's current dividend yield, its reliability and sustainability?
1.35%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TECK.B's dividend (1.35%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.02%).
High Dividend: TECK.B's dividend (1.35%) is low compared to the top 25% of dividend payers in the Canadian market (5.72%).
Stability and Growth of Payments
Stable Dividend: TECK.B's dividend payments have been volatile in the past 10 years.
Growing Dividend: TECK.B's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (6.8%), TECK.B's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TECK.B's dividends in 3 years are forecast to be well covered by earnings (33.5% payout ratio).
Next Steps
Management
What is the CEO of Teck Resources's salary, the management and board of directors tenure and is there insider trading?
7.0yrs
Average management tenure
CEO
Don Lindsay (60yo)
14.6yrs
Tenure
CA$10,709,800
Compensation
Mr. Donald R. Lindsay, also known as Don, is Chief Executive Officer at Teck Resources Limited since April 2005 and President since January 2005. Mr. Lindsay joined Teck Resources Limited in January 2005 a ...
CEO Compensation Analysis
Compensation vs Market: Don's total compensation ($USD8.10M) is above average for companies of similar size in the Canadian market ($USD3.96M).
Compensation vs Earnings: Don's compensation has been consistent with company performance over the past year.
Management Age and Tenure
7.0yrs
Average Tenure
60yo
Average Age
Experienced Management: TECK.B's management team is seasoned and experienced (7 years average tenure).
Board Age and Tenure
4.8yrs
Average Tenure
64yo
Average Age
Experienced Board: TECK.B's board of directors are considered experienced (4.8 years average tenure).
Insider Trading
Insider Buying: TECK.B insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Base Metals |
| Shares | 10,000 |
| Max Price | CA$21.54 |
| Entity | Individual |
| Role | Head of Marketing Senior VP of Marketing & Logistics |
| Shares | 4,000 |
| Max Price | CA$22.45 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | CA$21.96 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | CA$24.41 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Base Metals |
| Shares | 5,000 |
| Max Price | CA$28.75 |
| Entity | Individual |
| Role | Chairman Emeritus Chairman Emeritus |
| Shares | 2,600 |
| Max Price | CA$31.73 |
| Entity | Individual |
| Role | Chairman of the Board Acting Chairman of the Board |
| Shares | 5,060 |
| Max Price | CA$29.61 |
| Entity | Individual |
| Role | Head of Corporate Development Senior Vice President of Corporate Development |
| Shares | 70,000 |
| Max Price | CA$29.72 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Ron Millos (62yo)
Senior VP of Finance & CFO
- Tenure: 14.1yrs
- Compensation: CA$2.96m
Don Lindsay (60yo)
President
- Tenure: 14.6yrs
- Compensation: CA$10.71m
Peter Rozee
Senior VP of Commercial & Legal Affairs
- Tenure: 9.6yrs
- Compensation: CA$3.17m
Marcia Smith (57yo)
Senior VP of Sustainability & External Affairs
- Tenure: 7.8yrs
- Compensation: CA$2.57m
Andrew Stonkus
Senior VP of Marketing & Logistics
- Tenure: 4.7yrs
Dale Andres
Senior Vice President of Base Metals
- Tenure: 6.4yrs
- Compensation: CA$2.29m
Dean Winsor
Senior VP & Chief Human Resources Officer
- Tenure: 7yrs
Andrew Golding
Senior Vice President of Corporate Development
- Tenure: 6.2yrs
- Compensation: CA$2.64m
H. Phillips
Senior VP of Investor Relations & Strategic Analysis
- Tenure: 2.7yrs
Chris Stannell
Public Relations Manager
- Tenure: 0yrs
Board Members
Tim Snider (69yo)
Independent Director
- Tenure: 4.6yrs
- Compensation: CA$255.56k
Ed Dowling (64yo)
Independent Director
- Tenure: 7.2yrs
- Compensation: CA$274.76k
Norman Keevil (81yo)
Chairman Emeritus
- Tenure: 1.1yrs
- Compensation: CA$825.44k
Mike Ashar (64yo)
Independent Director
- Tenure: 12yrs
- Compensation: CA$258.45k
Don Lindsay (60yo)
President
- Tenure: 14.6yrs
- Compensation: CA$10.71m
Tracey McVicar (50yo)
Independent Director
- Tenure: 5yrs
- Compensation: CA$260.13k
Norman Keevil (55yo)
Vice Chairman
- Tenure: 1.1yrs
- Compensation: CA$260.40k
Sheila Murray
Acting Chairman of the Board
- Tenure: 0.2yrs
- Compensation: CA$195.19k
Laura Dottori-Attanasio (51yo)
Independent Director
- Tenure: 5yrs
- Compensation: CA$247.60k
Ken Ewen (72yo)
Independent Director
- Tenure: 4.6yrs
- Compensation: CA$223.92k
Company Information
Teck Resources Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Teck Resources Limited
- Ticker: TECK.B
- Exchange: TSX
- Founded: 1906
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$12.286b
- Shares outstanding: 554.12m
- Website: https://www.teck.com
Number of Employees
Location
- Teck Resources Limited
- Bentall 5
- Suite 3300
- Vancouver
- British Columbia
- V6C 0B3
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TECK.B | TSX (The Toronto Stock Exchange) | Yes | Class B Subordinated Voting Shares | CA | CAD | Dec 1972 |
| TECK.A | TSX (The Toronto Stock Exchange) | Class A Common Shares | CA | CAD | Dec 1972 | |
| TECK | NYSE (New York Stock Exchange) | Yes | Class B Subordinated Voting Shares | US | USD | Dec 1972 |
| TEKB | DB (Deutsche Boerse AG) | Yes | Class B Subordinated Voting Shares | DE | EUR | Dec 1972 |
| TECK N | BMV (Bolsa Mexicana de Valores) | Yes | Class B Subordinated Voting Shares | MX | MXN | Dec 1972 |
| TCKR.F | OTCPK (Pink Sheets LLC) | Class A Common Shares | US | USD | Dec 1972 | |
| TPT | DB (Deutsche Boerse AG) | Class A Common Shares | DE | EUR | Dec 1972 |
Biography
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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/11 23:43 |
| End of Day Share Price | 2019/11/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.