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Teck Resources Ltd
NYSE:TECK

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Teck Resources Ltd Logo
Teck Resources Ltd
NYSE:TECK
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Price: 45.78 USD 4.23% Market Closed
Updated: Mar 29, 2024

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%.

Key Points:
TECK Intrinsic Value
Base Case
37.96 USD
Overvaluation 17%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Teck Resources Ltd

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Fundamental Analysis

Mining Company's Assertive Outlook Despite Hurdles
2023-Q4 Earnings Call

Mining Company's Assertive Outlook Despite Hurdles

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
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Fundamental Scores

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.

Positive Gross Profit
Positive Operating Income
Positive 3-Years Revenue Growth
ROE is Increasing
55/100
Profitability
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.

Low D/E
Long-Term Solvency
Short-Term Solvency
Low Altman Z-Score
41/100
Solvency
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

Wall Street analysts forecast TECK stock price to rise over the next 12 months.

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.

Lowest
Price Target
59.59 USD
30% Upside
Average
Price Target
67.24 USD
47% Upside
Highest
Price Target
84 USD
83% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

TECK Price
Teck Resources Ltd

1M 1M
+19%
6M 6M
+6%
1Y 1Y
+29%
3Y 3Y
+148%
5Y 5Y
+109%
10Y 10Y
+149%
Annual Price Range
45.78
52w Low
34.45
52w High
48.65
Price Metrics
Average Annual Return 17.09%
Standard Deviation of Annual Returns 32.93%
Max Drawdown -75%
Shares Statistics
Market Capitalization 23.7B USD
Shares Outstanding 517 360 000
Percentage of Shares Shorted 0.95%

TECK Return Decomposition
Main factors of price return

What is price return decomposition?

TECK News

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Last Important Events
Teck Resources Ltd

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Sentiment Analysis
Teck Resources Ltd

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Company Profile

Teck Resources Ltd Logo
Teck Resources Ltd

Country

Canada

Industry

Metals & Mining

Market Cap

23.7B USD

Dividend Yield

0.83%

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

BRITISH COLUMBIA
Vancouver
550 Burrard St Suite 3300
+16046994000.0
https://www.teck.com/

IPO

2006-01-29

Employees

10 000

Officers

President, CEO & Director
Mr. Jonathan H. Price M.B.A.
Senior Vice President of Corporate Development & Exploration
Mr. Nicholas Peter M. Hooper
Senior Vice President of Technical
Mr. Greg J. Brouwer
VP & Chief Information Officer
Mr. Justin M. Webb
Senior Vice President of Investor Relations & Strategic Analysis
Mr. H. Fraser Phillips
Senior VP & General Counsel
Ms. Charlene A. Ripley
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Public Relations Manager
Chris Stannell
Senior Vice President
Mr. Réal Foley
Chief Economist
Michael Han
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See Also

Discover More
What is the Intrinsic Value of one TECK stock?

The intrinsic value of one TECK stock under the Base Case scenario is 37.96 USD.

Is TECK stock undervalued or overvalued?

Compared to the current market price of 45.78 USD, Teck Resources Ltd is Overvalued by 17%.