Financials Teck Resources Limited

Equities

TECK.B

CA8787422044

Diversified Mining

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
68.85 CAD +1.77% Intraday chart for Teck Resources Limited +6.23% +22.92%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,480 12,303 19,440 26,218 29,128 35,725 - -
Enterprise Value (EV) 1 16,288 19,734 26,081 32,073 34,918 29,832 30,851 29,480
P/E ratio 36.9 x -14.3 x 6.86 x 6.71 x 12.1 x 18.6 x 25.9 x 23.1 x
Yield 0.89% 0.87% 0.55% 1.95% 1.79% 0.85% 1.05% 1.11%
Capitalization / Revenue 1.05 x 1.37 x 1.44 x 1.41 x 1.94 x 2.15 x 3.34 x 3.42 x
EV / Revenue 1.36 x 2.21 x 1.93 x 1.72 x 2.33 x 1.79 x 2.89 x 2.82 x
EV / EBITDA 3.83 x 7.68 x 3.97 x 3.35 x 5.48 x 4.15 x 6.84 x 6.6 x
EV / FCF 1,018 x -9.56 x 1,043 x 12.7 x -20.6 x -61.4 x 34.4 x 21.3 x
FCF Yield 0.1% -10.5% 0.1% 7.85% -4.86% -1.63% 2.91% 4.69%
Price to Book 0.55 x 0.61 x 0.85 x 1.03 x 1.07 x 1.28 x 1.23 x 1.14 x
Nbr of stocks (in thousands) 554,120 531,102 533,239 512,248 520,061 518,900 - -
Reference price 2 22.52 23.10 36.43 51.17 56.01 68.85 68.85 68.85
Announcement Date 2/20/20 2/18/21 2/23/22 2/21/23 2/22/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 11,934 8,948 13,481 18,628 15,011 16,644 10,689 10,451
EBITDA 1 4,253 2,570 6,573 9,568 6,367 7,181 4,509 4,466
EBIT 1 979 -910 4,742 6,715 4,106 5,099 3,299 3,343
Operating Margin 8.2% -10.17% 35.18% 36.05% 27.35% 30.64% 30.86% 31.99%
Earnings before Tax (EBT) 1 661 -1,136 4,532 6,565 3,944 4,508 3,476 2,965
Net income 1 339 -864 2,868 4,089 2,435 1,676 1,428 1,536
Net margin 2.84% -9.66% 21.27% 21.95% 16.22% 10.07% 13.36% 14.7%
EPS 2 0.6100 -1.620 5.310 7.630 4.640 3.704 2.654 2.978
Free Cash Flow 1 16 -2,065 25 2,518 -1,698 -486 897.7 1,382
FCF margin 0.13% -23.08% 0.19% 13.52% -11.31% -2.92% 8.4% 13.22%
FCF Conversion (EBITDA) 0.38% - 0.38% 26.32% - - 19.91% 30.95%
FCF Conversion (Net income) 4.72% - 0.87% 61.58% - - 62.88% 89.97%
Dividend per Share 2 0.2000 0.2000 0.2000 1.000 1.000 0.5871 0.7217 0.7620
Announcement Date 2/20/20 2/18/21 2/23/22 2/21/23 2/22/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,406 5,032 5,787 4,669 3,140 3,785 3,519 3,599 4,108 3,988 4,174 4,653 4,280 2,555 2,473
EBITDA 1 2,521 3,044 3,290 1,901 1,333 1,972 1,479 1,213 1,703 1,693 1,697 2,062 1,936 1,166 1,140
EBIT 1 2,261 2,499 2,709 1,408 617 1,855 1,055 561 748 993 1,386 1,485 1,438 772 743
Operating Margin 51.32% 49.66% 46.81% 30.16% 19.65% 49.01% 29.98% 15.59% 18.21% 24.9% 33.21% 31.91% 33.61% 30.21% 30.05%
Earnings before Tax (EBT) 1 2,208 2,450 2,663 -76 594 1,856 805 589 694 741 1,042 1,164 1,284 798.1 773.8
Net income 1 1,487 1,571 1,675 -195 247 1,140 510 276 483 343 486.9 545.3 819 336.1 323.6
Net margin 33.75% 31.22% 28.94% -4.18% 7.87% 30.12% 14.49% 7.67% 11.76% 8.6% 11.66% 11.72% 19.14% 13.15% 13.09%
EPS 2 2.740 2.870 3.070 -0.3700 0.4700 2.180 0.9700 0.5200 0.9200 0.6500 0.9762 1.186 1.390 0.6475 0.6603
Dividend per Share 2 0.1000 0.1250 0.1250 0.1250 0.6250 0.1250 0.1250 0.1250 0.1250 - 0.1250 0.1250 0.1250 0.1250 0.1250
Announcement Date 2/23/22 4/27/22 7/27/22 10/27/22 2/21/23 4/26/23 7/27/23 10/24/23 2/22/24 4/24/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,808 7,431 6,641 5,855 5,790 - - -
Net Cash position 1 - - - - - 5,893 4,875 6,245
Leverage (Debt/EBITDA) 0.8954 x 2.891 x 1.01 x 0.6119 x 0.9094 x - - -
Free Cash Flow 1 16 -2,065 25 2,518 -1,698 -486 898 1,382
ROE (net income / shareholders' equity) 6.88% 2.71% 14.2% 16.9% 9.28% 7.99% 4.89% 5.81%
ROA (Net income/ Total Assets) 3.87% 1.39% 6.9% 8.2% 4.99% 2.76% 2.73% 2.9%
Assets 1 8,749 -62,087 41,583 49,863 48,827 60,696 52,249 52,966
Book Value Per Share 2 40.70 37.70 43.10 49.60 52.20 53.80 55.80 60.40
Cash Flow per Share 2 6.160 2.920 8.770 14.90 7.770 7.700 6.930 7.780
Capex 1 3,468 3,628 4,713 5,465 5,782 3,609 1,850 2,636
Capex / Sales 29.06% 40.55% 34.96% 29.34% 38.52% 21.68% 17.3% 25.23%
Announcement Date 2/20/20 2/18/21 2/23/22 2/21/23 2/22/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
68.85 CAD
Average target price
69.04 CAD
Spread / Average Target
+0.28%
Consensus
  1. Stock Market
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  3. TECK.B Stock
  4. Financials Teck Resources Limited