Teck Resources Ltd
NYSE:TECK
Intrinsic Value
Teck Resources Ltd. is a resource company, which engages in mining and development of mineral properties. [ Read More ]
The intrinsic value of one TECK stock under the Base Case scenario is 37.96 USD. Compared to the current market price of 45.78 USD, Teck Resources Ltd is Overvalued by 17%.
Valuation Backtest
Teck Resources Ltd
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Fundamental Analysis
Mining Company's Assertive Outlook Despite Hurdles
2023-Q4 Earnings Call
The company missed the EIA approval required for extending mine life from 2020 to 2026, although other permits are secured, and it's working on future expansions post-2036. A significant increase in the QB2 copper resource won't alter the immediate expansion plans, but offers long-term flexibility. Inflation has been cited as a primary factor for increased capital expenditures in recent years, with a notable cost increase from moving to new mining areas; these costs are expected to decrease based on the 2024 guidance. Copper production is anticipated to plateau in 2025 and begin declining, particularly due to the Highland Valley's outlook, with no expected change despite current spending. Yet, the company remains positive about copper pricing in the medium term, anticipating constructive market dynamics while staying return-focused for its growth projects.
Balance Sheet Decomposition
Teck Resources Ltd
Current Assets | 6.5B |
Cash & Short-Term Investments | 744m |
Receivables | 2.2B |
Other Current Assets | 3.5B |
Non-Current Assets | 49.7B |
Long-Term Investments | 3B |
PP&E | 45.6B |
Intangibles | 1.1B |
Other Non-Current Assets | 65m |
Current Liabilities | 5.9B |
Accounts Payable | 4B |
Other Current Liabilities | 1.9B |
Non-Current Liabilities | 23.3B |
Long-Term Debt | 10.4B |
Other Non-Current Liabilities | 12.9B |
Earnings Waterfall
Teck Resources Ltd
Revenue
|
15B
CAD
|
Cost of Revenue
|
-9.9B
CAD
|
Gross Profit
|
5.1B
CAD
|
Operating Expenses
|
-876m
CAD
|
Operating Income
|
4.3B
CAD
|
Other Expenses
|
-1.9B
CAD
|
Net Income
|
2.4B
CAD
|
Free Cash Flow Analysis
Teck Resources Ltd
What is Free Cash Flow?
TECK Profitability Score
Profitability Due Diligence
Teck Resources Ltd's profitability score is 55/100. The higher the profitability score, the more profitable the company is.
Score
Teck Resources Ltd's profitability score is 55/100. The higher the profitability score, the more profitable the company is.
TECK Solvency Score
Solvency Due Diligence
Teck Resources Ltd's solvency score is 41/100. The higher the solvency score, the more solvent the company is.
Score
Teck Resources Ltd's solvency score is 41/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
TECK Price Targets Summary
Teck Resources Ltd
According to Wall Street analysts, the average 1-year price target for TECK is 67.24 USD with a low forecast of 59.59 USD and a high forecast of 84 USD.
Shareholder Return
TECK Price
Teck Resources Ltd
Average Annual Return | 17.09% |
Standard Deviation of Annual Returns | 32.93% |
Max Drawdown | -75% |
Market Capitalization | 23.7B USD |
Shares Outstanding | 517 360 000 |
Percentage of Shares Shorted | 0.95% |
TECK News
Last Important Events
Teck Resources Ltd
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Teck Resources Ltd
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Teck Resources Ltd. is a resource company, which engages in mining and development of mineral properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2006-01-29. The Company’s segments include steelmaking coal, copper, zinc and energy. The firm owns or has interests in approximately 10 operating mines, a metallurgical complex, and several major development projects in the Americas. Its projects include Fording River Extension Project, HVC 2040 Project, Galore Creek Project, Quintette Project, Quebrada Blanca Phase 2 Project, Relincho and El Morro Projects and others. Its Fording River Extension Project is a proposed extension of its existing Fording River steelmaking coal mine located in the East Kootenay region in southeastern British Columbia. Its Galore Creek Project is located within the territory of the Tahltan Nation in northwestern British Columbia, approximately 150 kilometers northwest of Stewart. Its Quintette Project is located in northeast British Columbia, approximately 20 kilometers south of the town of Tumbler Ridge.
Contact
IPO
Employees
Officers
The intrinsic value of one TECK stock under the Base Case scenario is 37.96 USD.
Compared to the current market price of 45.78 USD, Teck Resources Ltd is Overvalued by 17%.