Company Valuation: Teck Resources Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 12,303 19,440 26,218 29,128 29,823 40,020 40,020 -
Change - 58.01% 34.87% 11.1% 2.39% 34.19% 0% -
Enterprise Value (EV) 1 19,734 26,081 32,073 34,918 27,718 43,948 43,532 42,216
Change - 32.16% 22.97% 8.87% -20.62% 58.55% -0.95% -3.02%
P/E ratio -14.3x 6.86x 6.71x 12.1x 74.7x 34.2x 23.8x 22.4x
PBR 0.61x 0.85x 1.03x 1.07x 1.13x 1.59x 1.52x 1.45x
PEG - -0x 0.2x -0.3x -0.9x 0x 0.5x 3.5x
Capitalization / Revenue 1.37x 1.44x 1.41x 1.94x 2.21x 3.76x 3.31x 3.1x
EV / Revenue 2.21x 1.93x 1.72x 2.33x 2.05x 4.13x 3.6x 3.27x
EV / EBITDA 7.68x 3.97x 3.35x 5.48x 5.35x 10.8x 8.21x 7x
EV / EBIT -21.7x 5.5x 4.78x 8.5x 16.9x 20.2x 12.3x 10.4x
EV / FCF -9.56x 1,043x 12.7x -20.6x 179x -33.8x 46x 20.3x
FCF Yield -10.5% 0.1% 7.85% -4.86% 0.56% -2.96% 2.18% 4.93%
Dividend per Share 2 0.2 0.2 1 1 1 0.5025 0.5033 0.504
Rate of return 0.87% 0.55% 1.95% 1.79% 1.72% 0.61% 0.61% 0.61%
EPS 2 -1.62 5.31 7.63 4.64 0.78 2.394 3.441 3.662
Distribution rate -12.3% 3.77% 13.1% 21.6% 128% 21% 14.6% 13.8%
Net sales 1 8,948 13,481 18,628 15,011 13,505 10,633 12,103 12,892
EBITDA 1 2,570 6,573 9,568 6,367 5,184 4,072 5,304 6,027
EBIT 1 -910 4,742 6,715 4,106 1,636 2,178 3,537 4,073
Net income 1 -864 2,868 4,089 2,435 406 1,160 1,730 1,781
Net Debt 1 7,431 6,641 5,855 5,790 -2,105 3,928 3,512 2,196
Reference price 2 23.10 36.43 51.17 56.01 58.28 81.97 81.97 81.97
Nbr of stocks (in thousands) 5,31,102 5,33,239 5,12,248 5,20,061 5,11,716 4,88,224 4,88,224 -
Announcement Date 18/02/21 23/02/22 21/02/23 22/02/24 20/02/25 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
34.23x4.13x10.79x0.61% 2.94TCr
13.91x3.56x6.27x3.82% 18TCr
15.47x3.22x7.3x3.97% 17TCr
20.42x5.16x9.4x2.53% 9.3TCr
67.8x0.5x8.86x1.42% 8.03TCr
35.92x8.07x19.56x-.--% 7.61TCr
-64.82x3.28x9.9x0.45% 5.4TCr
34.27x8.72x14.71x1.97% 3.95TCr
13.56x2x6.16x5.08% 3.02TCr
20.32x6.78x12.47x3.55% 2.93TCr
Average 19.11x 4.54x 10.54x 2.34% 7.84TCr
Weighted average by Cap. 19.26x 4.12x 9.49x 2.68%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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