Of note is the ratio of Teck Resources Ltd's sales and general administrative expense to its total operating expenses; just 3.33% of US stocks have a lower such ratio.
With a year-over-year growth in debt of -50.01%, Teck Resources Ltd's debt growth rate surpasses merely 6.31% of about US stocks.
Teck Resources Ltd's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 23.37%, greater than the shareholder yield of 90.38% of stocks in our set.
Stocks that are quantitatively similar to TECK, based on their financial statements, market capitalization, and price volatility, are SJR, GL, PAA, MRO, and CVE.
Teck Resources Ltd Ordinary Shares (TECK) Company Bio
Teck Resources develops, and produces copper, including copper concentrates and cathode copper, steelmaking coal, and refined zinc and zinc concentrates in the Americas, the Asia Pacific, Europe, and Africa. The company was founded in 1913 and is based in Vancouver, Canada.
TECK Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Teck Resources Ltd with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Teck Resources Ltd ranked in the 23th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 68%. The most interesting components of our discounted cash flow analysis for Teck Resources Ltd ended up being:
Its compound free cash flow growth rate, as measured over the past 4.98 years, is -0.02% -- higher than only 21.64% of stocks in our DCF forecasting set.
Teck Resources Ltd's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.82. This coverage rate is greater than that of merely 21.54% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Teck Resources Ltd experienced a tax rate of about 0% over the past twelve months; relative to its sector (Basic Materials), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CDE, AEHL, CBT, AA, and BCPC can be thought of as valuation peers to TECK, in the sense that they are in the Basic Materials sector and have a similar price forecast based on DCF valuation.
Teck Resources (TECK) says construction delays related to a COVID-19 shutdown of its Quebrada Blanca Phase 2 copper mining project in Chile will add $260M-$290M in costs and delay startup by 5-6 months.CEO Don Lindsay says the $5.2B project is 30% completed, with a 40% target by year-end, adding the mine...
Miners around the world, including Teck, have been grappling with the havoc wreaked by the pandemic on the commodities market, forcing companies to shut mines, cut production and in some cases wind down certain operations. Teck, which produces copper, zinc and coking coal, issued an updated forecast for the second half of 2020. It also forecast zinc production between 315,000 tonnes and 345,000 tonnes.
Protecting Our People; Positioning for Improved Margins and Future GrowthVANCOUVER, British Columbia, July 23, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced its second quarter 2020 results, outlining how the company has taken action to protect its people and position for improved margins and future growth as the world comes through the COVID-19 pandemic.“We remain focused on protecting our people and communities, while continuing to operate responsibly and safely to support the economic recovery in the wake of the pandemic,” said Don Lindsay, President and CEO. “We took steps during the quarter to further strengthen our financial position, reduce costs and position Teck to significantly improve margins towards the end of 20...