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TECK

Teck ResourcesTSX:TECK.B Stock Report

Last Price

CA$40.97

Market Cap

CA$21.9b

7D

-3.8%

1Y

57.2%

Updated

23 Jan, 2022

Data

Company Financials +
TECK.B fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

TECK.B Stock Overview

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America.

Teck Resources Competitors

Hudbay Minerals

TSX:HBM

CA$2.5b

Noranda Income Fund

TSX:NIF.UN

CA$65.0m

Freeport Resources

TSXV:FRI

CA$10.2m

Exxon Mobil

NYSE:XOM

US$305.5b

Price History & Performance

Summary of all time highs, changes and price drops for Teck Resources
Historical stock prices
Current Share PriceCA$40.97
52 Week HighCA$44.15
52 Week LowCA$21.86
Beta1.14
1 Month Change13.49%
3 Month Change15.93%
1 Year Change57.15%
3 Year Change35.04%
5 Year Change23.70%
Change since IPO207.76%

Recent News & Updates

Dec 26
Estimating The Fair Value Of Teck Resources Limited (TSE:TECK.B)

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

Today we will run through one way of estimating the intrinsic value of Teck Resources Limited ( TSE:TECK.B ) by...

Shareholder Returns

TECK.BCA Metals and MiningCA Market
7D-3.8%-0.05%-2.9%
1Y57.2%-1.1%15.9%

Return vs Industry: TECK.B exceeded the Canadian Metals and Mining industry which returned -1.1% over the past year.

Return vs Market: TECK.B exceeded the Canadian Market which returned 15.9% over the past year.

Price Volatility

Is TECK.B's price volatile compared to industry and market?
TECK.B volatility
TECK.B Average Weekly Movement5.0%
Metals and Mining Industry Average Movement10.5%
Market Average Movement9.9%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market3.7%

Stable Share Price: TECK.B is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TECK.B's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191310,000Don Lindsayhttps://www.teck.com

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, and Energy segments. 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 and molybdenum concentrates.

Teck Resources Fundamentals Summary

How do Teck Resources's earnings and revenue compare to its market cap?
TECK.B fundamental statistics
Market CapCA$21.85b
Earnings (TTM)CA$917.00m
Revenue (TTM)CA$11.64b

23.8x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TECK.B income statement (TTM)
RevenueCA$11.64b
Cost of RevenueCA$8.17b
Gross ProfitCA$3.47b
ExpensesCA$2.55b
EarningsCA$917.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.72
Gross Margin29.82%
Net Profit Margin7.88%
Debt/Equity Ratio37.8%

How did TECK.B perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is Teck Resources undervalued compared to its fair value and its price relative to the market?

28.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TECK.B (CA$40.97) is trading below our estimate of fair value (CA$57.38)

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 poor value based on its PE Ratio (23.8x) compared to the Canadian Metals and Mining industry average (10.3x).

PE vs Market: TECK.B is poor value based on its PE Ratio (23.8x) compared to the Canadian market (12.8x).


Price to Earnings Growth Ratio

PEG Ratio: TECK.B's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: TECK.B is good value based on its PB Ratio (1x) compared to the CA Metals and Mining industry average (2.5x).


Future Growth

How is Teck Resources forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

-5.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TECK.B's earnings are forecast to decline over the next 3 years (-5.7% per year).

Earnings vs Market: TECK.B's earnings are forecast to decline over the next 3 years (-5.7% per year).

High Growth Earnings: TECK.B's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TECK.B's revenue (2.6% per year) is forecast to grow slower than the Canadian market (5.6% per year).

High Growth Revenue: TECK.B's revenue (2.6% 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 (7.8%).


Past Performance

How has Teck Resources performed over the past 5 years?

-33.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TECK.B has high quality earnings.

Growing Profit Margin: TECK.B became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TECK.B has become profitable over the past 5 years, growing earnings by -33.1% per year.

Accelerating Growth: TECK.B has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TECK.B has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (93.2%).


Return on Equity

High ROE: TECK.B's Return on Equity (4.1%) is considered low.


Financial Health

How is Teck Resources's financial position?


Financial Position Analysis

Short Term Liabilities: TECK.B's short term assets (CA$4.8B) exceed its short term liabilities (CA$3.4B).

Long Term Liabilities: TECK.B's short term assets (CA$4.8B) do not cover its long term liabilities (CA$19.2B).


Debt to Equity History and Analysis

Debt Level: TECK.B's net debt to equity ratio (36.1%) is considered satisfactory.

Reducing Debt: TECK.B's debt to equity ratio has reduced from 51.7% to 37.8% over the past 5 years.

Debt Coverage: TECK.B's debt is well covered by operating cash flow (38.4%).

Interest Coverage: TECK.B earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

0.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TECK.B's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.61%).

High Dividend: TECK.B's dividend (0.49%) is low compared to the top 25% of dividend payers in the Canadian market (4.79%).


Stability and Growth of Payments

Stable Dividend: TECK.B is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.

Growing Dividend: TECK.B is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: TECK.B is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TECK.B's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average management tenure


CEO

Don Lindsay (62 yo)

17yrs

Tenure

CA$12,268,350

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 ($USD9.79M) is above average for companies of similar size in the Canadian market ($USD5.93M).

Compensation vs Earnings: Don's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TECK.B's management team is seasoned and experienced (5.7 years average tenure).


Board Members

Experienced Board: TECK.B's board of directors are considered experienced (6.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TECK.B insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Teck Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Teck Resources Limited
  • Ticker: TECK.B
  • Exchange: TSX
  • Founded: 1913
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: CA$21.853b
  • Shares outstanding: 533.24m
  • Website: https://www.teck.com

Number of Employees


Location

  • Teck Resources Limited
  • Bentall 5
  • Suite 3300
  • Vancouver
  • British Columbia
  • V6C 0B3
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:25
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.