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 47,949 - -
Change - 34.87% 11.1% 2.39% 7.57% 49.46% - -
Enterprise Value (EV) 1 26,081 32,073 34,918 27,718 35,719 49,966 48,149 46,401
Change - 22.97% 8.87% -20.62% 28.86% 39.89% -3.64% -3.63%
P/E 6.86x 6.71x 12.1x 74.7x 23.2x 16.4x 18x 25x
PBR 0.85x 1.03x 1.07x 1.13x 1.28x 1.66x 1.54x 1.47x
PEG - 0.2x -0.3x -0.9x 0x 0x -1.99x -0.9x
Capitalization / Revenue 1.44x 1.41x 1.94x 2.21x 2.98x 3.19x 3.21x 3.73x
EV / Revenue 1.93x 1.72x 2.33x 2.05x 3.32x 3.33x 3.22x 3.61x
EV / EBITDA 3.97x 3.35x 5.48x 5.35x 8.24x 6.59x 6.69x 7.88x
EV / EBIT 5.5x 4.78x 8.5x 16.9x 15.9x 8.7x 9.02x 11.5x
EV / FCF 1,043x 12.7x -20.6x 179x -61.3x 22.1x 18.9x 19.9x
FCF Yield 0.1% 7.85% -4.86% 0.56% -1.63% 4.53% 5.29% 5.02%
Dividend per Share 2 0.2 1 1 1 0.5 0.5398 0.5578 0.504
Rate of return 0.55% 1.95% 1.79% 1.72% 0.76% 0.55% 0.57% 0.52%
EPS 2 5.31 7.63 4.64 0.78 2.83 5.958 5.419 3.908
Distribution rate 3.77% 13.1% 21.6% 128% 17.7% 9.06% 10.3% 12.9%
Net sales 1 13,481 18,628 15,011 13,505 10,756 15,017 14,942 12,842
EBITDA 1 6,573 9,568 6,367 5,184 4,333 7,583 7,193 5,888
EBIT 1 4,742 6,715 4,106 1,636 2,248 5,746 5,339 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 97.77 97.77 97.77
Nbr of stocks (in thousands) 533,239 512,248 520,061 511,716 488,224 490,560 - -
Announcement Date 23/2/22 21/2/23 22/2/24 20/2/25 19/2/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.39x4.35x7.83x3.16% 243B
12.31x3.04x6.6x4.78% 179B
16.59x4.67x7.73x3.04% 107B
13.14x0.4x6.51x3.16% 94.94B
28.49x7.04x18.48x-.--% 72.06B
55.03x3.38x8.31x1.12% 61.78B
16.41x3.33x6.59x0.55% 34.59B
14.34x4.67x7.1x4.04% 31.74B
13.75x4.97x8.79x3.72% 26.99B
Average 20.94x 3.98x 8.66x 2.62% 94.47B
Weighted average by Cap. 19.44x 3.82x 8.30x 3.01%

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