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Teck Resources Ltd Class B (Sub Voting) TECK.B

Morningstar Rating
CAD 64.81 −0.93 (1.41%)
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Company Report

Price vs Fair Value

TECK.B is trading at a 41% premium.
Price
CAD 64.81
Fair Value
CAD 39.00
Uncertainty
High
1-Star Price
CAD 62.20
5-Star Price
CAD 63.60
Economic Moat
Tjws
Capital Allocation
Gzkynwmb

Bulls Say, Bears Say

Bulls

Emerging-markets demand for steel, producer consolidation and supply discipline and the relative paucity of high-grade metallurgical coal deposits could backstop pricing.

Bears

A slower-growing Chinese steel industry if investment growth in infrastructure and real estate slows and ultimately reverses would likely exert significant downward pressure on metallurgical coal prices.

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News

Trading Information

Previous Close Price
CAD 65.74
Day Range
CAD 64.4465.91
52-Week Range
CAD 47.4769.41
Bid/Ask
CAD 64.72 / CAD 65.00
Market Cap
CAD 33.58 Bil
Volume/Avg
1.1 Mil / 1.2 Mil

Key Statistics

Price/Earnings (Normalized)
12.74
Price/Sales
2.30
Dividend Yield (Trailing)
0.76%
Dividend Yield (Forward)
0.76%
Total Yield
1.32%

Company Profile

Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck’s attributable copper production by roughly 75%. Along with a number of additional copper growth options, Teck’s strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Large Value
Total Number of Employees
12,600

Competitors

Valuation

Metric
TECK.B
BHP
NGLOY
Price/Earnings (Normalized)
12.7410.9011.11
Price/Book Value
1.263.551.45
Price/Sales
2.302.661.08
Price/Cash Flow
7.996.894.76
Price/Earnings
TECK.B
BHP
NGLOY

Financial Strength

Metric
TECK.B
BHP
NGLOY
Quick Ratio
0.501.081.06
Current Ratio
1.101.571.85
Interest Coverage
7.594.20
Quick Ratio
TECK.B
BHP
NGLOY

Profitability

Metric
TECK.B
BHP
NGLOY
Return on Assets (Normalized)
5.01%13.90%3.73%
Return on Equity (Normalized)
10.24%31.67%9.49%
Return on Invested Capital (Normalized)
7.11%21.70%6.06%
Return on Assets
TECK.B
BHP
NGLOY
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