Company Valuation: Teck Resources Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 19,440 26,218 29,128 29,823 32,082 44,650 - -
Change - 34.87% 11.1% 2.39% 7.57% 39.18% - -
Enterprise Value (EV) 1 26,081 32,073 34,918 27,718 35,719 46,667 44,850 43,102
Change - 22.97% 8.87% -20.62% 28.86% 30.65% -3.89% -3.9%
P/E 6.86x 6.71x 12.1x 74.7x 23.2x 15x 16.7x 23.3x
PBR 0.85x 1.03x 1.07x 1.13x 1.28x 1.55x 1.44x 1.37x
PEG - 0.2x -0.3x -0.9x 0x 0x -1.6x -0.8x
Capitalization / Revenue 1.44x 1.41x 1.94x 2.21x 2.98x 2.96x 2.99x 3.48x
EV / Revenue 1.93x 1.72x 2.33x 2.05x 3.32x 3.1x 3x 3.36x
EV / EBITDA 3.97x 3.35x 5.48x 5.35x 8.24x 6.13x 6.24x 7.32x
EV / EBIT 5.5x 4.78x 8.5x 16.9x 15.9x 8.04x 8.37x 10.7x
EV / FCF 1,043x 12.7x -20.6x 179x -61.3x 20.6x 17.6x 18.5x
FCF Yield 0.1% 7.85% -4.86% 0.56% -1.63% 4.85% 5.68% 5.41%
Dividend per Share 2 0.2 1 1 1 0.5 0.5467 0.5033 0.504
Rate of return 0.55% 1.95% 1.79% 1.72% 0.76% 0.6% 0.55% 0.55%
EPS 2 5.31 7.63 4.64 0.78 2.83 6.079 5.443 3.908
Distribution rate 3.77% 13.1% 21.6% 128% 17.7% 8.99% 9.25% 12.9%
Net sales 1 13,481 18,628 15,011 13,505 10,756 15,072 14,947 12,842
EBITDA 1 6,573 9,568 6,367 5,184 4,333 7,617 7,190 5,888
EBIT 1 4,742 6,715 4,106 1,636 2,248 5,808 5,357 4,026
Net income 1 2,868 4,089 2,435 406 1,401 2,970 2,665 1,922
Net Debt 1 6,641 5,855 5,790 -2,105 3,637 2,017 199.7 -1,548
Reference price 2 36.43 51.17 56.01 58.28 65.71 91.02 91.02 91.02
Nbr of stocks (in thousands) 5,33,239 5,12,248 5,20,061 5,11,716 4,88,224 4,90,560 - -
Announcement Date 23/02/22 21/02/23 22/02/24 20/02/25 19/02/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.79x3.9x6.96x3.69% 22TCr
12.05x2.87x6.27x4.93% 17TCr
15.34x4.36x7.22x3.29% 9.84TCr
12.63x0.42x6.04x2.91% 8.68TCr
23.25x6.22x14.53x-.--% 6.05TCr
43.55x3.12x7.68x1.83% 5.63TCr
11.37x3.76x5.27x5.32% 2.6TCr
12.8x4.6x8.16x3.97% 2.5TCr
18.41x4.76x8.56x0.29% 2.29TCr
Average 18.80x 3.78x 7.86x 2.92% 8.45TCr
Weighted average by Cap. 18.16x 3.50x 7.42x 3.36%

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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  5. Valuation Teck Resources Limited