Taseko Mines (TSX:TKO) - Share price, News & Analysis

TKO fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	4/6
Past Performance	5/6
Financial Health	3/6
Dividends	0/6

TKO Stock Overview

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties.

Rewards

Trading at 74.6% below our estimate of its fair value

Earnings are forecast to grow 20.61% per year

Earnings grew by 271.5% over the past year

Risk Analysis

Has a high level of debt

Significant insider selling over the past 3 months

Taseko Mines Competitors

First Quantum Minerals

TSX:FM

CA$25.0b

Lundin Mining

TSX:LUN

CA$8.3b

Freeport-McMoRan

NYSE:FCX

US$52.6b

Antofagasta

LSE:ANTO

UK£14.0b

Price History & Performance

Summary of all time highs, changes and price drops for Taseko Mines
Historical stock prices
Current Share Price	CA$2.04
52 Week High	CA$3.07
52 Week Low	CA$1.71
Beta	2.26
1 Month Change	-23.60%
3 Month Change	-15.70%
1 Year Change	-25.28%
3 Year Change	195.65%
5 Year Change	16.91%
Change since IPO	410.00%

Recent News & Updates

May 10

Some Taseko Mines Limited (TSE:TKO) Shareholders Look For Exit As Shares Take 27% Pounding

Taseko Mines Limited ( TSE:TKO ) shareholders won't be pleased to see that the share price has had a very rough month...

May 07

With EPS Growth And More, Taseko Mines (TSE:TKO) Is Interesting

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

	TKO	CA Metals and Mining	CA Market
7D	10.3%	4.0%	0.8%
1Y	-25.3%	-7.4%	4.9%

Return vs Industry: TKO underperformed the Canadian Metals and Mining industry which returned -7.4% over the past year.

Return vs Market: TKO underperformed the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is TKO's price volatile compared to industry and market?
TKO volatility
TKO Average Weekly Movement	7.9%
Metals and Mining Industry Average Movement	10.8%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	16.9%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: TKO is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TKO's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1966	n/a	Stuart McDonald	https://www.tasekomines.com

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia.

Taseko Mines Fundamentals Summary

How do Taseko Mines's earnings and revenue compare to its market cap?
TKO fundamental statistics
Market Cap	CA$584.11m
Earnings (TTM)	CA$52.78m
Revenue (TTM)	CA$464.87m

11.1x

P/E Ratio

1.3x

P/S Ratio

Is TKO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TKO income statement (TTM)
Revenue	CA$464.87m
Cost of Revenue	CA$222.02m
Gross Profit	CA$242.85m
Other Expenses	CA$190.07m
Earnings	CA$52.78m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.18
Gross Margin	52.24%
Net Profit Margin	11.35%
Debt/Equity Ratio	138.2%

How did TKO perform over the long term?

See historical performance and comparison

Valuation

Is Taseko Mines undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: TKO (CA$2.04) is trading below our estimate of fair value (CA$8.03)

Significantly Below Fair Value: TKO is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: TKO's PE Ratio (11.1x) is in line with the Canadian Metals and Mining industry average.

PE vs Market: TKO is good value based on its PE Ratio (11.1x) compared to the Canadian market (11.5x).

Price to Earnings Growth Ratio

PEG Ratio: TKO is good value based on its PEG Ratio (0.5x)

Price to Book Ratio

PB vs Industry: TKO is good value based on its PB Ratio (1.6x) compared to the CA Metals and Mining industry average (2x).

Future Growth

How is Taseko Mines forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

20.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TKO's forecast earnings growth (20.6% per year) is above the savings rate (1.6%).

Earnings vs Market: TKO's earnings (20.6% per year) are forecast to grow faster than the Canadian market (7.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TKO's revenue (6.7% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: TKO's revenue (6.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TKO's Return on Equity is forecast to be low in 3 years time (4%).

Past Performance

How has Taseko Mines performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

4.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TKO has high quality earnings.

Growing Profit Margin: TKO's current net profit margins (11.4%) are higher than last year (3.9%).

Past Earnings Growth Analysis

Earnings Trend: TKO has become profitable over the past 5 years, growing earnings by 4.5% per year.

Accelerating Growth: TKO's earnings growth over the past year (271.5%) exceeds its 5-year average (4.5% per year).

Earnings vs Industry: TKO earnings growth over the past year (271.5%) exceeded the Metals and Mining industry -3.8%.

Return on Equity

High ROE: TKO's Return on Equity (14.6%) is considered low.

Financial Health

How is Taseko Mines's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: TKO's short term assets (CA$294.1M) exceed its short term liabilities (CA$96.0M).

Long Term Liabilities: TKO's short term assets (CA$294.1M) do not cover its long term liabilities (CA$713.8M).

Debt to Equity History and Analysis

Debt Level: TKO's net debt to equity ratio (78.3%) is considered high.

Reducing Debt: TKO's debt to equity ratio has increased from 101.5% to 138.2% over the past 5 years.

Debt Coverage: TKO's debt is well covered by operating cash flow (46%).

Interest Coverage: TKO's interest payments on its debt are well covered by EBIT (3.4x coverage).

Balance Sheet

Dividend

What is Taseko Mines's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate TKO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TKO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TKO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TKO's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TKO has not reported any payouts.

Discover strong dividend paying companies

Management

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

2.9yrs

Average management tenure

CEO

Stuart McDonald (49 yo)

2.92yrs

Tenure

CA$1,751,542

Compensation

Mr. Stuart D. McDonald, CA, CPA, serves as Director at Taseko Mines Limited since September 2021. He serves as Chief Executive Officer at Taseko Mines Limited since June 30, 2021. Mr. McDonald has been Pre...

CEO Compensation Analysis

Compensation vs Market: Stuart's total compensation ($USD1.36M) is above average for companies of similar size in the Canadian market ($USD974.36K).

Compensation vs Earnings: Stuart's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: TKO's management team is considered experienced (2.9 years average tenure).

Board Members

Experienced Board: TKO's board of directors are considered experienced (4.7 years average tenure).

Ownership

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

Insider Trading Volume

Insider Buying: TKO 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31