Teck Resources
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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Teck Resources.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Teck Resources's value by looking at:- 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. )
- 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)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Teck Resources's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Teck Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Teck Resources's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Teck Resources Company Filings, last reported 2 months ago.
| 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).
Financial health checks
We assess Teck Resources's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Teck Resources has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
CA$2,000 of
Teck Resources
shares you are expected to receive
CA$20
in your first year as a dividend.
Dividend Amount
- Teck Resources's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.05%).
- Teck Resources's dividend is below the markets top 25% of dividend payers in Canada (5.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 22 Analyst Estimates (S&P Global) | See Below |
| Canada Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 28 Stocks | 1.1% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 331 Stocks | 3.6% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | 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 |
| 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.
Income/ dividend checks
We assess Teck Resources's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
President
CA$11M
59
13.9 yrs
Ron Millos
Senior VP of Finance & CFO
CA$3M
61
13.4 yrs
Peter Rozee
Senior Vice President of Commercial & Legal Affairs
CA$3M
8.9 yrs
Andrew Golding
Senior Vice President of Corporate Development
CA$3M
5.5 yrs
Marcia Smith
Senior Vice President of Sustainability & External Affairs
CA$3M
7.2 yrs
Andrew Milner
Senior Vice President of Innovation & Technology
0.3 yrs
Kal Ruberg
VP of Teck Digital Systems & Chief Information Officer
13.2 yrs
H. Phillips
Senior Vice President of Investor Relations & Strategic Analysis
2 yrs
Andrew Stonkus
Senior Vice President of Marketing & Logistics
4 yrs
Dean Winsor
Senior VP & Chief Human Resources Officer
6.3 yrs
Board of Directors Tenure
Average tenure and age of the Teck Resources board of directors in years:
- The tenure for the Teck Resources board of directors is about average.
Board of Directors
Dominic Barton
Chairman of the Board
CA$935K
55
0.4 yrs
Don Lindsay
President
CA$11M
59
14.1 yrs
Norman Keevil
Vice Chairman
CA$260K
54
0.4 yrs
Norman Keevil
Chairman Emeritus
CA$825K
80
0.4 yrs
Ed Dowling
Director
CA$275K
63
6.5 yrs
Tracey McVicar
Director
CA$260K
49
4.3 yrs
Ken Ewen
Independent Director
CA$224K
71
3.9 yrs
Mike Ashar
Director
CA$258K
63
11.3 yrs
Takeshi Kubota
Director
CA$247K
64
6.9 yrs
Laura Dottori-Attanasio
Director
CA$248K
50
4.3 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Teck Resources insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | 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 | ||
Management checks
We assess Teck Resources's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleHas 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 - – Full articleEstimating 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 - – Full articleTeck 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 - – Full articleCould 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 - – Full articleIs 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 - – Full articleShould 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 - – Full articleHas 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 - – Full articleHow 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 - – Full articleDoes 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 - – Full articleTECK.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
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.
