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 42,938 - -
Change - 34.87% 11.1% 2.39% 7.57% 33.84% - -
Enterprise Value (EV) 1 26,081 32,073 34,918 27,718 35,719 44,955 43,138 41,390
Change - 22.97% 8.87% -20.62% 28.86% 25.86% -4.04% -4.05%
P/E 6.86x 6.71x 12.1x 74.7x 23.2x 14.5x 16.8x 22.7x
PBR 0.85x 1.03x 1.07x 1.13x 1.28x 1.49x 1.38x 1.31x
PEG - 0.2x -0.3x -0.9x 0x 0x -1.2x -0.9x
Capitalization / Revenue 1.44x 1.41x 1.94x 2.21x 2.98x 2.85x 2.9x 3.36x
EV / Revenue 1.93x 1.72x 2.33x 2.05x 3.32x 2.99x 2.92x 3.24x
EV / EBITDA 3.97x 3.35x 5.48x 5.35x 8.24x 5.94x 6.09x 7.06x
EV / EBIT 5.5x 4.78x 8.5x 16.9x 15.9x 7.79x 8.34x 10.4x
EV / FCF 1,043x 12.7x -20.6x 179x -61.3x 19.9x 16.9x 17.8x
FCF Yield 0.1% 7.85% -4.86% 0.56% -1.63% 5.03% 5.9% 5.63%
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% 0.62% 0.58% 0.58%
EPS 2 5.31 7.63 4.64 0.78 2.83 6.056 5.223 3.855
Distribution rate 3.77% 13.1% 21.6% 128% 17.7% 9.03% 9.64% 13.1%
Net sales 1 13,481 18,628 15,011 13,505 10,756 15,058 14,794 12,794
EBITDA 1 6,573 9,568 6,367 5,184 4,333 7,571 7,079 5,866
EBIT 1 4,742 6,715 4,106 1,636 2,248 5,773 5,175 3,994
Net income 1 2,868 4,089 2,435 406 1,401 2,957 2,544 1,895
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 87.53 87.53 87.53
Nbr of stocks (in thousands) 533,239 512,248 520,061 511,716 488,224 490,560 - -
Announcement Date 2/23/22 2/21/23 2/22/24 2/20/25 2/19/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.27x3.8x6.79x3.79% 211B
11.91x2.81x6.12x5.06% 164B
14.89x4.23x7.01x3.39% 95.55B
12.51x0.42x5.95x2.86% 84.91B
22.47x6.03x14.09x-.--% 58.51B
31.33x2.96x7.62x1.22% 53.67B
10.69x3.62x5.34x5.71% 24.98B
12.15x4.35x7.73x4.18% 23.67B
17.45x4.53x8.12x0.31% 21.7B
Average 16.96x 3.64x 7.64x 2.94% 81.98B
Weighted average by Cap. 16.85x 3.39x 7.23x 3.4%

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