Teck Resources Ltd - Ordinary Shares - Class B (Sub Voting)
TECK
Market Cap$23.35B
Close$
Earnings Call Q2 2024
July 24, 2024 - AI Summary
Teck completed the sale of its remaining interest in the steelmaking coal business, receiving C$7.3 billion in cash proceeds. This marks a significant transformation for Teck as it becomes a pure-play energy transition metals company.
The company reported strong operational and financial performance in Q2, with record quarterly copper production driven by the ramp-up of the Quebrada Blanca (QB) project. QB is expected to double Teck's copper production once at full capacity.
QB experienced some temporary issues related to geotechnical stability, resulting in slightly lower ore grades in H2 2024. However, this is not expected to have a meaningful impact on 2025 or 2026 production.
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$-39.51
185.3% downside
Current Fair Value
185.3% downsideOvervalued by 185.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $23.35 Billion |
|---|---|
| Enterprise Value | $33.23 Billion |
| Dividend Yield | $0.4985 (1.09%) |
| Earnings per Share | $2.33 |
| Beta | 1.15 |
| Outstanding Shares | 510,835,471 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 19.02 |
|---|---|
| PEG | -65.99 |
| Price to Sales | 1.54 |
| Price to Book Ratio | 0.76 |
| Enterprise Value to Revenue | 2.13 |
| Enterprise Value to EBIT | 9.61 |
| Enterprise Value to Net Income | 22 |
| Total Debt to Enterprise | 0.32 |
| Debt to Equity | 0.41 |
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.