Teck Resources logged a 5.5% change during today's morning session, and is now trading at a price of $44.56 per share.
Teck Resources returned gains of 25.5% last year, with its stock price reaching a high of $49.34 and a low of $32.48. Over the same period, the stock underperformed the S&P 500 index by -7.4%. The company's 50-day average price was $39.17. Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. Based in Vancouver, Canada, the Large-Cap Industrials company has 12,600 full time employees. Teck Resources has offered a 1.2% dividend yield over the last 12 months.
Generally Positive Cash Flows but an Average Current Ratio:
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $12,048 | $12,564 | $11,934 | $8,948 | $12,766 | $17,316 |
| Gross Margins | 38% | 37% | 28% | 15% | 41% | 49% |
| Net Margins | 21% | 25% | -5% | -11% | 23% | 19% |
| Net Income (M) | $2,489 | $3,145 | -$588 | -$944 | $2,915 | $3,298 |
| Free Cash Flow (M) | $5,049 | $4,438 | $3,484 | $1,563 | $4,738 | $7,983 |
| Total Debt (M) | $6,314 | $5,181 | $4,133 | $6,140 | $7,161 | $6,551 |
| Net Debt / EBITDA | 0.93 | 0.55 | 2.12 | 9.48 | 0.89 | 0.54 |
| Current Ratio | 1.82 | 2.11 | 1.62 | 1.23 | 1.62 | 1.41 |
The Market May Be Undervaluing Teck Resources's Earnings and Assets:
Teck Resources has a trailing twelve month P/E ratio of 11.4, compared to an average of 22.19 for the Industrials sector. Based on its EPS guidance of $2.66, the company has a forward P/E ratio of 14.7. In contrast, the market is likely undervaluing Teck Resources in terms of its equity because its P/B ratio is 0.85 while the sector average is 4.06.
Teck Resources Has an Average Rating of Buy:
The 10 analysts following Teck Resources have set target prices ranging from $43.77 to $59.35 per share, for an average of $48.84 with a buy rating. The company is trading -8.8% away from its average target price, indicating that there is an analyst consensus of some upside potential.
The largest shareholder is Royal Bank of Canada, whose 4% stake in the company is worth $837,626,562.
