Teck Resources Ltd - Ordinary Shares - Class B (Sub Voting)
TECK
Market Cap$20.56B
Close$
Earnings Call Q4 2024
February 20, 2025 - AI Summary
Transformational Year and Strategic Shift: Teck Resources completed the sale of its steelmaking coal business for $8.6 billion, allowing the company to re-position as a pure-play energy transition metals company focused on copper and zinc. This strategic shift is poised to enhance value creation and provides a strong foundation for future growth.
Record Financial Performance: In 2024, Teck generated $2.9 billion in adjusted EBITDA, more than doubling the prior year, with a 160% increase in Q4 adjusted EBITDA to $835 million. Copper production reached a record of 446,000 tons, reflecting a 50% increase year-over-year, supported by strong operational performance at the QB2 project.
Strong Cash Returns and Buybacks: Teck returned $1.8 billion in cash to shareholders in 2024, including $514 million in dividends and $1.25 billion in share buybacks. The buyback program remains a key focus, with $1.8 billion remaining from the previously authorized $3.25 billion buyback.
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$-7.56
118% downside
Current Fair Value
118% downsideOvervalued by 118% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $20.56 Billion |
|---|---|
| Enterprise Value | $23.78 Billion |
| Dividend Yield | $0.7255 (1.74946648179407%) |
| Earnings per Share | $0.78 |
| Beta | 1.29 |
| Outstanding Shares | 517,400,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 76.02 |
|---|---|
| PEG | -76.02 |
| Price to Sales | 1.82 |
| Price to Book Ratio | 0.81 |
| Enterprise Value to Revenue | 1.99 |
| Enterprise Value to EBIT | 11.07 |
| Enterprise Value to Net Income | 20 |
| Total Debt to Enterprise | 0.45 |
| 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.