Teck Resources Ltd - Ordinary Shares - Class B (Sub Voting)
TECK
Market Cap$20.02B
Close$
Earnings Call Q1 2025
April 24, 2025 - AI Summary
Strong Financial Performance: Teck Resources reported a more than doubled adjusted EBITDA of $927 million in Q1 2025, up 127% year-over-year, primarily driven by higher copper and zinc prices, improved sales volumes, and a favorable foreign exchange impact as the Canadian dollar weakened against the US dollar.
Copper Production Growth Forecast: The company expects a growth in copper production to between 490,000 to 565,000 tons for FY 2025, compared to 446,000 tons in 2024. This expected growth is underpinned by ramping up QB operations and improved mill throughput at established mines.
Short-term Production Challenges: Production at QB was negatively impacted in Q1 due to a combination of an 18-day extended maintenance shutdown and power outages, resulting in guidance being lowered to the lower end of the production range for 2025. Additional maintenance shutdowns are anticipated in Q2 and Q3 as tailings management facility work progresses, which could further affect near-term output.
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$-7.74
119.8% downside
Current Fair Value
119.8% downsideOvervalued by 119.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $20.02 Billion |
|---|---|
| Enterprise Value | $24.02 Billion |
| Dividend Yield | $0.72649 (1.7797280744733%) |
| Earnings per Share | $0.79 |
| Beta | 1.34 |
| Outstanding Shares | 503,300,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 64.54 |
|---|---|
| PEG | 819.93 |
| Price to Sales | 1.96 |
| Price to Book Ratio | 0.74 |
| Enterprise Value to Revenue | 2.37 |
| Enterprise Value to EBIT | 12.4 |
| Enterprise Value to Net Income | 22 |
| Total Debt to Enterprise | 0.43 |
| Debt to Equity | 0.4 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Teck Resources Ltd
10,700 employees
CEO: Donald Lindsay Headquartered in Vancouver, Canada, Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, zinc and steelmaking coal, as well as investments in energy assets.