Teck Resources logged a 2.8% change during today's afternoon session, and is now trading at a price of $50.91 per share.
Teck Resources returned gains of 15.9% last year, with its stock price reaching a high of $55.13 and a low of $34.38. Over the same period, the stock underperformed the S&P 500 index by -8.8%. The company's 50-day average price was $49.22. 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 1.0% dividend yield over the last 12 months.
Generally Positive Cash Flows but a Declining EPS Growth Trend:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $12,564 | $11,934 | $8,948 | $12,766 | $17,316 | $15,011 |
| Gross Margins | 37% | 28% | 15% | 41% | 49% | 34% |
| Net Margins | 25% | -5% | -11% | 23% | 19% | 15% |
| Net Income (M) | $3,145 | -$588 | -$944 | $2,915 | $3,298 | $2,308 |
| Earnings Per Share | $5.34 | -$1.08 | -$1.62 | $5.31 | $6.19 | $4.59 |
| EPS Growth | n/a | -120.22% | -50.0% | 427.78% | 16.57% | -25.85% |
| Free Cash Flow (M) | $4,438 | $3,484 | $1,563 | $4,738 | $7,983 | $4,084 |
| Total Debt (M) | $5,181 | $4,133 | $6,140 | $7,161 | $6,551 | $6,019 |
| Net Debt / EBITDA | 0.55 | 2.12 | 9.48 | 0.89 | 0.54 | 0.84 |
| Current Ratio | 2.11 | 1.62 | 1.23 | 1.62 | 1.41 | 1.1 |
Teck Resources's Earnings and Assets May Be Undervalued:
Teck Resources has a trailing twelve month P/E ratio of 22.0, compared to an average of 25.4 for the Industrials sector. Based on its EPS guidance of $2.1, the company has a forward P/E ratio of 23.4. The -12.5% compound average growth rate of Teck Resources's historical and projected earnings per share yields a PEG ratio of -1.76. This indicates that its shares are overvalued.In contrast, the market is likely undervaluing Teck Resources in terms of its equity because its P/B ratio is 1.01 while the sector average is 3.23.
There's an Analyst Consensus of Some Upside Potential for Teck Resources:
The 10 analysts following Teck Resources have set target prices ranging from $52.64 to $67.26 per share, for an average of $57.04 with a buy rating. The company is trading -10.7% 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 $1,065,220,136.
